Means any petroleum fluid, whether liquid or gaseous and includes oil, natural gas, natural gasoline, condensates and related fluid hydrocarbons and also asphalt and other solid petroleum hydrocarbons when dissolved in and producible with fluid petroleum
A generic term applied to oil and oil products in all forms, such as crude oil, unfinished oils, petroleum products, natural gas, plant liquids, and non-hydrocarbon compounds blended into finished petroleum products. Complex mixture of naturally occurring hydrocarbon compounds found in rock. Petroleum can range from solid to gas, but the term is generally used to refer to liquid crude oil. Impurities such as sulfur, oxygen and nitrogen are common in petroleum. There is considerable variation in color, gravity, odor, sulfur content and viscosity in petroleum from different areas. The term petroleum is derived from the words petra meaning rock and oleum meaning oil
The price of petrol in Israel is updated every month by the Fuel Authority in the Ministry of National Infrastructure. The update is carried out based on a fixed formula which weighs out the fuel deals undertaken in Med Basin during the last business week of each month. This average is then multiplied by the dollar rate on the particular day, so that the dollar has a bearing also on the price of petrol in Israel
Gasoline prices are affected by a number of factors from supply and demand, taxes, politics, to the weather. Refineries buy crude oil based on the best available current price (which in turn is affected by a large number of factors on both the demand and supply side of the equation). Different types of gasoline such as those with higher octane number cost more to refine and therefore have a higher gas pump price. The final price displayed on the pumps usually includes taxes, which are set by the local or national government. In some countries taxes account for more than half the price. In the UK and much of Europe taxes make up about 70% of the total price charged at the pumps. By comparison, in the USA and Mexico this is closer to 20%. Exchange rates can also affect the price. Crude oil and its products are traded in US dollars. So if the British pound or Australian dollar rises or falls against the US dollar on the world currency exchanges, motorists in the UK and Australia will pay a little less or more for their fuel as a result.
Used in the identification of petroleum source rocks by evaluating their textural characteristics
Term used mostly in the US for money paid to foreign entities for the purchase of fuel. Alternatively, it is the money earned by oil exporting countries. The Arab world is often regarded by the West as mis-using its Petrodollars by spending them on extravagant construction, arms, and luxuries and in investments in the US, Europe and the Far East rather than in infrastructure in their own lands.
These are a class of chemicals that are derived from crude oil and natural gas
