The relocation of its crude trading team by the end of this year comes after the private refiner secured long-term oil supplies from Russia, reducing the need to buy spot cargoes

The last such revision took place effective August 31 when the windfall tax on crude petroleum was set at ₹1,850 per tonne

Rupee weighed down by strong dollar, outflow of foreign funds

Trump’s policies on trade have tended to strengthen the US dollar in the past

Around 22% of the daily oil production and 9.7% of the daily natural gas production in the Gulf of Mexico has been shut in response to Hurricane Rafael

At 9.57 am on Tuesday, January Brent oil futures were at $71.77, down by 0.08 per cent, and December crude oil futures on WTI (West Texas Intermediate) were at $67.97, down by 0.10 per cent

Production from PSCs now stands around 30% share of domestic oil, 20% of natural gas

The National Stock Exchange (NSE) on Wednesday said it was working to equip its systems to handle crises such as that caused by the crash in crude prices.

But there is a lot of upward momentum in supply that needs to be reversed.

If there's plenty of product on the market, gas prices should be falling. Here's some reasons why they aren't.

No more drilling? Being able to transform algae into crude oil could revolutionize how we fuel up our vehicles.

Crude shock: Brent at $60 to put pressure on inflation?

Trump slams Opec as crude oil prices near $80 a barrel

US crude plunges to 18-year low as lockdowns spread

US West Texas Intermediate (WTI) crude rose $1.78, or 7.4 per cent, to $25.77, on track for its highest close since April 6 and up more than 30 per cent this week.

Analysts said raising of bets by participants kept crude prices higher in futures trade here.

The present invention relates to an improved process for fractionating triglyceride oil. The process according to the present invention attains a reproducible crystallization by introducing a controlled temperature profile and ensuing crystal development that reduce the amount of entrapped olein inside the crystals or crystal aggregates. The process of the present invention may be used to fractionate vegetable oils such as palm oil or its blends with other palm oil products or edible vegetable oils.

A method for preparing fuel components from crude tall oil. Feedstock containing tall oil including unsaturated fatty acids is introduced to a catalytic hydrodeoxygenation to convert unsaturated fatty acids, rosin acids and sterols to fuel components. Crude tall oil is purified in a purification by washing the crude tall oil with washing liquid and separating the purified crude tall oil from the washing liquid. The purified crude tall oil is introduced directly to the catalytic hydrodeoxygenation as a purified crude tall oil feedstock. An additional feedstock may be supplied to the catalytic hydrodeoxygenation.

A composition and method demulsify a produced emulsion from anionic surfactants and polymer (SP) and alkali, surfactants, and polymer (ASP). The produced emulsion is demulsified into oil and water. In one embodiment, the composition includes a surfactant. The surfactant comprises a cationic surfactant, an amphoteric surfactant, or any combinations thereof.

Crude glycerol obtained from raw materials, such as the glycerol obtained during the production of biodiesel or glycerol obtained during the conversion of fats or oils, is purified by forming a dioxolane therefrom by reacting the crude glycerol with a ketone or aldehyde, separating the dioxolane thus formed, converting the dioxolane into purified glycerol and ketone/aldehyde, and recovering the glycerol thus purified.

A reactive rectification column suitable for the production of 2-hydroxy-4-methylmercaptobutyric acid and/or methionine contains a weir having a height of 100 mm or more.

A system for characterizing crude oil fractions includes a maltenes sample reservoir, a first solvent reservoir, a second solvent reservoir, and a third solvent reservoir. The system further includes a valve in fluid communication with the first solvent reservoir, the second solvent reservoir, and the third solvent reservoir and a pump in fluid communication with the valve. The system further includes a packed bed in fluid communication with the maltenes sample reservoir and the pump, a flowthrough cell in fluid communication with the packed bed, a spectrometer operably associated with the flowthrough cell, and a computer operably associated with the spectrometer. A method for characterizing crude oil fractions includes providing a maltene sample, eluting saturates, aromatics, and resins of the maltene sample, determining an optical density of each, and determining a concentration of each of the saturates, aromatics, and resins based upon optical densities over time for each.

The subject of the invention is a method for determining the H2S content arising during the warm storage of sulfur-containing crude and residual oils and mineral distillates containing sulfur-containing crude and/or residual oils, in which a sample of the sulfur-containing mineral oil is dissolved in a solvent or solvent mixture that boils at more than 200° C. and a carrier gas is caused to flow through the solution of the sulfur-containing mineral oil at temperatures above 80° C., and the quantity of hydrogen sulfide carried out with the carrier gas is analyzed quantitatively.

A method and system for handling viscous liquid crude hydrocarbons is disclosed. The method involves (a) solvent deasphalting at least a portion of an asphaltene-containing liquid crude hydrocarbon feedstock to form an asphaltene fraction and a deasphalted oil (DAO) fraction essentially free of asphaltenes; (b) adjusting the density of the asphaltene fraction to substantially the same density of a carrier for the asphaltene fraction; (c) forming coated asphaltene particles from the asphaltene fraction of step (b); (d) slurrying the coated asphaltene particles with the carrier; and (e) transporting the slurry to a treatment facility or a transportation carrier.

A crude treatment system includes a primary and second distillation tower for treating crude containing corrosive material. The primary distillation tower fractionates first crude into a target fraction. The secondary distillation tower fractionates second crude having a corrosive material content greater than that of the first crude into a light fraction and a remaining heavy fraction. Corrosive material in the light fraction is insufficient to corrode the primary distillation tower. A light fraction supply line supplies the light fraction from the secondary distillation tower to the primary distillation tower for treatment. The secondary distillation tower and the supply line are made from a corrosion resistant material.

The invention relates to a process for the purification of crude and apparatus for its implementation. This process comprises a separation into gas and degassed emulsion and separation of the degassed emulsion into water and oil. The invention also relates to a process of separating a hydrocarbon emulsion and apparatus for implementing this. This process comprises washing of the emulsion at an oil/water interface.

A crude oil feedstream is treated to remove or reduce the content of known undesired heteroatomic and polynuclear aromatic compounds containing nitrogen and sulfur by contacting the feedstream with one or more solid adsorbent materials selected from attapulgus clay, alumina, silica gel and activated carbon in a mixing vessel for a time that is sufficient to optimize the adsorption of the undesired compounds from the crude oil, subjecting the mixture to atmospheric flash distillation and then to vacuum flash distillation to recover presorbed boiling ranges of products having a lowered content of the undesired compounds, and preferably regenerating at least a portion of the solid adsorbent material for reuse in the process.

A process train for a floating production storage and offloading installation includes a crude oil storage tank that is equipped with at least one set of electrostatic internals arranged to provide a treatment flow path isolated from a surrounding volume of the electrostatic separator section of the tank. An oil-and-water stream or mixture entering the set of electrostatic internals travels along the treatment flow path and is subjected to an electric field. The treatment flow path is in an upwardly direction toward the oil outlet section and in a downwardly opposite direction toward the water outlet section of the tank. Employing electrostatic internals within the tank permits an allowable inlet water content into the tank of up to 80%, significantly reducing the required topside processing equipment.

A process train for a floating production storage and offloading installation includes a crude oil storage tank equipped with at least one set of electrostatic internals. The set of electrostatic internals are arranged to provide a treatment flow path within the crude oil storage tank oblique to a longitudinal centerline of the crude oil storage tank and through an electric field provided by the set of electrostatic internals. Employing these electrostatic internals within the tank permits an allowable inlet water content into the tank of up to 80%, significantly reducing the required topside processing equipment. The process and system also includes, upstream of the tank, two separator vessels arranged in parallel so each receives a portion of an incoming oil-and-water stream, a flash vessel arranged downstream of the two separator vessels, and a degasser vessel. Downstream of the crude oil storage tank is an electrostatic treater.

Actress and #MeToo leader Rose McGowan has accused comedian Bill Maher of whispering a crude comment about his body when she appeared on his show "Politically Incorrect" in the late 1990s.

The major U.S. index futures are currently pointing to a sharply lower open on Tuesday, with stocks likely to extend the pullback seen in the previous session.

A formal investigation begins over the actions of Noosa Shire Councillor Jess Glasgow as a contestant on reality TV dating program The Bachelorette, with comments he made on the dating show described as "crude" and "highly offensive".

The Black Mirror creator invents exciting products to transform your life – from the workout that makes you feel like a saint to the world’s cleverest toilet

I don’t know if you’ve noticed, but happiness is in sharp decline. Many people blame technology for our woes, and it’s not hard to see why. The internet is nothing but deranged screeching and fascist memes sitting atop a plateau of moldering desperation masquerading as ironic meaninglessness. No one has smiled in real life since 2011. But wait! Silicon Valley is waking up to the negative effect its products can have on us, and like the good Samaritans they are, they’re unveiling a whole new range of products aimed at making us feel good about ourselves. Here is an exclusive look at just a few of the cool gizmos and rad gadgets due to be unveiled at next year’s CES Consumer Electronics Show and featured in news reports, and then in shops, and then in your house before you even know it.

Oil prices rose early Tuesday, after Monday declines, possibly helped by some positive news from China -- but doubts remain as to whether that direction will hold.

Oil prices fell early Wednesday, likely a result of lower-than-expected draws in an API with traders awaiting official EIA inventory data later in the day.

Venezuelan crude oil production continued its steady decline and hit a new low in December with just 1.15 million barrels per day produced.

An unexpected rise in U.S. crude inventories offset fears of potential risk to Venezuelan crude supply because of possible U.S. sanctions.

Oil prices were higher early Tuesday amid renewed concern about Venezuelan supplies but market worries about China-U.S. trade issues prevented higher gains.

Oil prices rose early Friday amid supply concerns following reports of smaller-than-expected stocks, and amid reduced expectation of interest rate hikes.

While all eyes have been on the huge fall in the outright price of crude oil, the oil options markets...

The post Crude Oil Options Are Predicting Lasting Volatility appeared first on OpenMarkets.

"The entire energy market is still on a knife edge," says an economist.

For a country that depends on imports to meet 85% of its crude oil requirement, the benign prices of the commodity will also have another beneficial outcome as reduced subsidy bills.

As retail prices of petroleum products are mapped with international rates, the steep fall of global crude prices in Q4FY20 meant that by the time refiners sold their products after processing crude, retail rates had fallen.

Meanwhile, domestic consumption of petroleum products in FY20 remained flat at 213.7 MT as sales of transportation fuels plummeted in March amid the country-wide lockdown.

Low oil prices will have a positive impact on glass manufacturing, transport, industrial power, plastics, lubricants, petrochemical, , FMCG, paint, rubber & tyre manufacturing companies

Exxon Mobil Corp. will use renewable energy to produce oil in West Texas.

HIV-1 persists in cellular reservoirs that can reignite viremia if antiretroviral therapy (ART) is interrupted. Therefore, insight into the nature of those reservoirs may be revealed from the composition of recrudescing viremia following treatment cessation. A minor population of macrophage-tropic (M-tropic) viruses was identified in a library of recombinant viruses...