Crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling. This latter stage comes after the studies of structural geology (at the reservoir scale), sedimentary basin analysis, reservoir characterization (mainly in terms of porosity and permeable structures). It is refined and separated, most easily by boiling point, into a large number of consumer products, from petrol and kerosene to asphalt and chemical reagents used to make plastics and pharmaceuticals. Petroleum is used in manufacturing a wide variety of materials.
About Oil Price
Oil Price is one of the leading energy news sites online. The site has news and opinion on all fossil fuels covering crude oil, natural gas and coal. 50% of our content is also focused on alternative energy and the environment where we cover solar energy, wind power, and all other clean energy technologies.
The site also contains crude oil price charts and crude oil consumption tables. Our crude oil price charts cover three month periods and our energy tables cover crude oil production and crude oil consumption alongside coal, natural gas, nuclear power and all other major energy sub-sectors.
We are in the process of designing new oil price charts - which will enable visitors to see oil prices for both WTI crude oil and Brent crude oil in more detail.
Oil Price reports can be found on Marketwatch, The Street, Huffington Post, Roubini, USA Today and hundreds of other top news publications.
Our analysis of oil price movements and oil price forecasts are published on a weekly basis and can be found in the relevant categories on the site.
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