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Crude Oil Future Trading Market Prices
Crude oil prices measure the spot price of various barrels of oil, most commonly either the West Texas Intermediate or the Brent Blend. The OPEC basket price and the NMEX Futures price are also sometimes quoted. West Texas Intermediate (WTI) crude oil is of very high quality, because it is light-weight and has low sulphur [...]
Monday, March 1st, 2010Crude Oil Drilling History
Oil was known in the ancient world and had several uses. Usually found bubbling up to Earth’s surface at what are called oil seeps, oil was used primarily for lighting, as a lubricant, for caulking ships (making them watertight), and for jointing masonry (for building). The Chinese knew and used oil as far back as [...]
Thursday, February 18th, 2010India Gas and Oil Mining Industry Review
India Oil Industry re-draws strategy in African oil assets – GAIL shortlisted for $30 billion national gas master development plan and its implementation in Nigeria. Start preparing for oil at $200 a barrel – India must prepare for a world of scarce, expensive oil Cabinet Secretariat seeks fresh round of inter-ministerial consultations for seeking Cabinet [...]
Tuesday, February 9th, 2010