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An Introduction to OPEC

Posted by Oil Gas Information On January - 23 - 2011

opec logo

The Organization of the Petroleum Exporting Countries(OPEC) was created in 1960 to unify and protect the interests of oil-producing countries. OPEC allows oil-producing countries to guarantee their income by coordinating policies and prices among them. Read the rest of this entry »

What is Light Sweet Crude Oil

Posted by admin On January - 23 - 2011

light sweet crude oil

Light sweet crude oil is an especially sought-after form of crude oil which can be used to make products like gasoline, kerosene, and high-quality diesel. Although many consumers think that most crude oil is essentially the same, in fact there are a number of classifications for crude oil which are used to divide the oil by impurities and consistency. Read the rest of this entry »