South American nation’s tar-like oil is what many Gulf coast facilities were built for but ramping up production to 3m barrels a day will be a long game ...

Explore the differences between shale oil and conventional oil, including extraction costs and methods, and how these impact ...

Refining converts mixed crude oil into specification fuels, petrochemical feedstocks, lubricants, and other products by physical separation, chemical conversion, and product treating/blending. It ...

Venezuela sits on 303 billion barrels of oil—more than Saudi Arabia. So why does it pump less than 1% of global supply? The ...

Summary: Crude moves from the wellhead to market through a sequenced network of flowlines, gathering systems, stabilization and metering, then via pipelines, marine tankers, rail, barges, or trucks.

The world’s oil wealth is highly concentrated as a relatively small group of countries controls the majority of known crude ...