Knowledge

Introduction The Organization of the Petroleum Exporting Countries (OPEC) is an intergovernmental organization of 13 oil-producing countries. OPEC was founded…

Oil is a commodity that has been used as a source of energy for centuries. It is a major component…

The average price of a barrel of oil in 2019 was $64.3 per barrel. This was down from $71.4 per…

The price of a barrel of oil reached an all-time high of $145.85 in July 2008. This was due to…

Crude oil is a fossil fuel that is formed from the remains of ancient plants and animals. It is a…

The biggest oil refinery in the world is owned by the state-owned oil company Saudi Aramco. The refinery is located…

The price of oil is a complex issue that is affected by a number of factors, including supply and demand,…

The North Sea is a body of water that separates the United Kingdom and Norway. It is a major source…

Crude oil is a fossil fuel that is formed from the remains of ancient plants and animals. It is a…

Oil is a vital resource for the global economy. It is used to power transportation, generate electricity, and produce plastics…