05.07.2009
Mud which is obtained from an oil such as from diesel oil
An area of the subsurface where source rock has reached appropriate conditions of pressure and temperature to generate hydrocarbons
This is an aggregate of all the oil being transported by sea at any given time. It is a useful measure of tanker demand
The total volume of oil estimated to be in place in an oil reservoir prior to commencement of production
Accumulation pool or group of pools of oil in the subsurface. An oil field consists of a reservoir in a shape that will trap hydrocarbons and that is covered by an impermeable or sealing rock. The geographic area above an underground accumulation of oil and natural gas
The 1973 oil crisis began on October 17 1973 when the members of OPEC announced as a result of the ongoing Yom Kippur war that they would not longer ship oil to nations that had supported Israel in its conflict with Syria and Egypt. At the same time, OPEC members decided to use their leverage over the world price-setting mechanism for oil in order to raise world oil prices