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Oil Interpret

We publish a lot of energy data regularly. These data include six areas, economic, energy, electricity, oil, natural gas, renewable energy. To better help users understand the energy data, here we put some data interpret. Please contact us if you still have any questions about the data.


Crude oil is a mixture of hydrocarbons that formed from plants and animals that lived millions of years ago. Crude oil is a fossil fuel, and it exists in liquid form in underground pools or reservoirs, in tiny spaces within sedimentary rocks, and near the surface in tar (or oil) sands. After crude oil is removed from the ground, it is sent to a refinery where different parts of the crude oil are separated into useable petroleum products.

Crude oil, Oil

Petroleum products are fuels made from crude oil and other hydrocarbons contained in natural gas. Petroleum products can also be made from coal, natural gas, and biomass. Petroleum products include gasoline, distillates such as diesel fuel and heating oil, jet fuel, petrochemical feed stocks, waxes, lubricating oils, and asphalt.

Petroleum products, Oil

Gasoline is a kind of petroleum product, which is made from crude oil and other petroleum liquids. Gasoline is mainly used as an engine fuel in vehicles.

Gasoline, Oil

A fuel oil obtained in the distillation of petroleum, intermediate in viscosity and boiling point between paraffin and lubricating oils. It boils above about 250°C. European and Asian designation for No. 2 heating oil and No. 2 diesel fuel.

Gas oil, Oil

Diesel fuel is refined from oil, composed of distillates obtained in petroleum refining operation or blends of such distillates with residual oil used in motor vehicles. Diesel fuel is used in the diesel engines found in most freight trucks, trains, buses, boats, and farm and construction vehicles. Diesel fuel is also used in diesel engine generators to generate electricity.

Diesel fuel, Oil

Aviation fuel is a specialized type of petroleum-based fuel used to power aircraft. It is generally of a higher quality than fuels used in less critical applications, such as heating or road transport, and often contains additives to reduce the risk of icing or explosion due to high temperature, among other properties.

Aviation fuel, Oil

Jet fuel, aviation turbine fuel (ATF), or avtur, is a refined petroleum product used in jet aircraft engines. It includes kerosene-type jet fuel and naphtha-type jet fuel.

Jet fuel, Oil

A light petroleum distillate that is used in space heaters, cook stoves, and water heaters and is suitable for use as a light source when burned in wick-fed lamps.

Kerosene, Oil

Fuel oil defines oils that make up the distillation residue. It comprises all residual fuel oils, including those obtained by blending.

Fuel oil, Oil

Liquefied petroleum gases(LPG) are light paraffinic hydrocarbons derived from refinery processes, crude oil stabilisation plants and natural gas processing plants. They consist mainly of propane (C3H8) and butane (C4H10) or a combination of the two. They could also include propylene, butylene, isobutene and isobutylene. LPG are normally liquefied under pressure for transportation and storage.

LPG, Oil

Propane is an energy-rich gas, C3H8. It is one of the LPG that are found mixed with natural gas and oil. Propane and other liquefied gases, including ethane and butane, are separated from natural gas at natural gas processing plants, or from crude oil at refineries.

Propane, Oil

Butane (C4H10) is a straight-chain or branch-chain hydrocarbon extracted from natural gas or refinery gas streams, which is gaseous at standard temperature and pressure. It includes isobutane and normal butane and is designated in ASTM Specification D1835 and Gas Processors Association specifications for commercial butane.

Butane, Oil

Naphtha is a feedstock destined either for the petrochemical industry (e.g. ethylene manufacture or aromatics production) or for gasoline production by reforming or isomerisation within the refinery. Naphtha comprises material that distils between 30°C and 210°C. Naphtha imported for blending is shown as an import of naphtha, and then shown in the transfers row as a negative entry for naphtha and a positive entry for the corresponding finished product (e.g. gasoline).

Naphtha, Oil

A mixture of aliphatic and alicyclic C7 to C12 hydrocarbons, white spirit is used as an extraction solvent, as a cleaning solvent, as a degreasing solvent and as a solvent in aerosols, paints, wood preservatives, lacquers, varnishes, and asphalt products.

White spirit, Oil

Crude oil production is defined as the quantities of oil extracted from the ground after the removal of inert matter or impurities. It includes crude oil, natural gas liquids (NGLs) and additives.

Crude oil production, Oil

Refinery production refers to the output of secondary oil products from an oil refinery.

Refinery, Oil

Oil stocks include crude oil (including strategic reserves), unfinished oils, natural gas plant liquids, and refined petroleum products.

Oil stocks, Oil

Oil price generally refers to the spot price of a barrel of benchmark crude oil. The price of a barrel of oil is highly dependent on both its grade, determined by factors such as its specific gravity or API and its sulphur content, and its location. As with all commodities, the oil price is determined by the balance between supply and demand. The supply of oil is dependent on geological discovery, the legal and tax framework for oil extraction, the cost of extraction, the availability and cost of technology for extraction, and the political situation in oil-producing countries.

Crude oil prices, Oil