Petroleum is a naturally occurring liquid found beneath the earth's surface that can be refined into fuel. Petroleum is a fossil fuel, meaning that it has been created by the decomposition of organic matter over millions of years.
What are petroleum products, and what is petroleum used for? Petroleum products include transportation fuels, fuel oils for heating and electricity generation, asphalt and road oil, and feedstocks for making the chemicals, plastics, and synthetic materials that are in nearly everything we use.
Petroleum, also called crude oil, is a fossil fuel. Like coal and natural gas, petroleum was formed from the remains of ancient marine organisms, such as plants, algae, and bacteria.
These petroleum products include gasoline, distillates such as diesel fuel and heating oil, jet fuel, petrochemical feedstocks, waxes, lubricating oils, and asphalt.
Liquid petroleum or LPG contains main components as butane and propane with butane forming the major constituents. Sometimes butane is replaced by iso-butane.
Chemically, petroleum consists principally of hydrogen and carbon, but also contains small percentages of oxygen, nitrogen, sulfur, and traces of metals, such as vanadium, cobalt, and nickel. The common organic compounds include alkanes (paraffins), naphthenes, aromatics, and heterocompounds.
This is a list of products produced from petroleum. Types of unrefined petroleum include asphalt, bitumen, crude oil, and natural gas. (See also fossil fuel; hydrocarbon; oil; petrochemical; petroleum production; petroleum refining; pitch lake; tar sand.)
The most common physical properties used to describe petroleum are density, viscosity, and boiling point ranges.
Oil reserves are found all over the world. However, some have produced more oil than others. The top oil producing countries are Saudi Arabia, Russia, the United States, Iran, and China. In the United States, petroleum is produced in 31 states.
What countries are the top producers and consumers of oil?
|Country||Million barrels per day||Share of world total|
Dec 8, 2021
About 300 million years ago, these dead organic materials such as zooplankton and algae built up on the bottom of lakes and oceans in conditions where they couldn't decompose. The organic matter then changed into kerogen, which eventually turned into oil through heat and pressure.
|Market Cap* (US$, billions)||$1,979|
Oct 25, 2021
If we simplistically look at proven oil reserves, the answer is obvious: mostly OPEC and Russia. According to BP, the global authority on the subject, this collective group of 16 countries owns 1.35 trillion barrels of proven oil reserves, or nearly 80 percent of the world's total.
the Pennsylvania Rock Oil Company of Connecticut
The first oil corporation, which was created to develop oil found floating on water near Titusville, Pennsylvania, was the Pennsylvania Rock Oil Company of Connecticut (later the Seneca Oil Company).
Located in India, the Reliance Industries-owned Jamnagar Refinery is the largest oil refinery in the world. As of 2021, the Jamnagar Refinery held a capacity of 1.24 million barrels per day, topping refineries, such as the SK Energy Co. refinery in Ulsan, South Korea and the Paraguana Refinery Complex.
United States of America. The United States possesses the biggest refinery capacity in the world with 139 operating refineries as of January 2013. Its refinery capacity stood at 17.38 million barrels per day at the end of 2012, accounting for approximately 18.8% of the world's total refinery capacity.
The last refinery to be completed in the United States was in 1976, and Mr.
Reliance Jamnagar Refinery
Petroleum is referred to as 'black gold' because when crude oil is extracted from the land it is black in colour. People call it gold because of its oils and value. It is very difficult to find.
Digboi: the first oil well in India. Digboi in Assam is an oil town that can be traced to the early 18th century, when oil was first discovered here. Digboi can proudly boast of two unique features: a 100-year-old extant oilfield and the world's oldest operating oil refinery.