Tag: crude oil
Storing crude oil comes with 99 problems; with VEGA, level measurement is not one...
CRUDE oil is a valuable commodity, but a volatile asset. Its storage demands precision, not just caution measuring the level of this liquid gold is essential for safe and efficient operations; it’s...
Sliding through time: Lubrication from stone age to modern age
By Steven Lumley – technical manager, WearCheck
From stone age to modern age, pharaohs to phenols, the history of lubrication is a story that demonstrates how a seemingly simple substance - oil...
Are oil companies price gouging for increasing prices at the pumps?
Fred Razak, Chief Trading Strategist, comments
AROUND the world the price being paid at the pump by the average consumer for a litre of petrol is going up. With the price of...
Some eye-watering numbers from the world’s largest oil producer.
SAUDI Arabia’s Aramco’s net income increased by 124% to $110.0 billion in 2021, compared to $49.0 billion in 2020. The increase in net income reflects higher crude oil prices, stronger refining...
How avocados can help you understand what’s going on with oil prices
The year 2020 hasn’t been short of unprecedented occurrences and unexpected surprises. On Monday 20 April for the first time ever, the price of West Texas Intermediate (WTI) crude oil, the...
Relief at the pumps
The Department of Energy has announced that the price of all grades of petrol will drop by 25 cents, while the price of diesel will decrease by 23 cents.
The new prices...
Iran ready to ship 100 bpd crude to South Africa
Oil Minister Zanganeh has voiced Iran’s readiness to deploy 100 thousand barrels of crude oil per day to South Africa as well as to purchase refinery shares there.
Oil Minister...
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