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As the transportation industry and individuals rely heavily on diesel fuel, fluctuations in diesel prices have a significant impact on…
OPEC, or the Organization of the Petroleum Exporting Countries, is a cartel of 13 oil-producing countries. These countries control about…
The US Strategic Petroleum Reserve (SPR) is a large emergency stockpile of crude oil that is stored in underground salt…
Petrol, also known as gasoline, is a type of fuel that is used in cars and other vehicles. It is…
The Strategic Petroleum Reserve (SPR) is a large emergency stockpile of crude oil maintained by the United States Department of…
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…
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