05.07.2009

This is an aggregate of all the oil being transported by sea at any given time. It is a useful measure of tanker demand

38 to 23 million years ago

Continuous volume of rock containing voids, pores, or a network of cracks, and in which fluids (hydrocarbons, water, and inert gases) can circulate.

Three different types of storage for crude oil: aboveground storage tanks that can contain from 100,000 to 1,000,000 barrels of crude; underground storage tanks (oil caverns) that contain dozens of million of tons and floating storage tanks that can contain 2-3 million barrels. There is serious lack of storage facilities around the world around the world.

An area of the subsurface where source rock has reached appropriate conditions of pressure and temperature to generate hydrocarbons