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

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

Following are key facts about the oil and mining sectors of Venezuela, whose President Nicolas Maduro was captured by U.S. forces on Saturday.

Venezuela sits on 303 billion barrels of oil—more than Saudi Arabia. So why does it pump less than 1% of global supply? The answer involves nationalizations, sanctions and crude that's harder to extract than most.

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. Mode selection balances volume, distance, cost ...