• crude price

    Oil Market Prices

          This article tries to explain how the oil market works in a simple and brief manner. However the reader should be aware that the oil market is quite complex, no one statement can cover all the cases and instances of oil trading. With crude oil and gasoline prices rising to record levels in 2008 and the potential for new records to be set in the future, it is reasonable to assume that questions arise as to how crude and product prices are ultimately established. Crude Oil Market Worldwide crude oil production is approximately 85 million barrels per day with just over 30 million barrels per day produced by OPEC member countries. Crude oil production…

  • Oil Contract

    Crude Oil Contracts

      Major traded oils More than 170 different oils are traded on the market, but this section will discuss the three major oils that usually attract the most attention, both in the news and in the markets around the world. West Texas Intermediate (WTI) is a crude oil of extremely high quality and because of this property, it is possible to extract more gasoline from a single barrel compared with most other crude oils traded on the market. The WTI has an API 10 gravity of 39.6 degrees, which gives the oil the characteristic of “light”; moreover the concentration of 0.24 percent of sulfur makes it a “sweet” crude oil.…

  • oil trading

    Crude Oil Trading

    Oil market overview This article gives an overview of the oil market and its dynamics. Furthermore, analyzes the types of oils, their characteristics and the factors that can influence the supply and demand and thus the price of the oil in the market. The world crude oil market: The oil industry is a global enterprise that employs millions of workers around the world and generates hundreds of millions of dollars. The oil sector, thus, is considered to be the largest in the world in terms of dollar value. In regions which house the major National Oil Companies, these corporations contribute significantly to the national GDP. The main products of the oil…

  • Miscellaneous- Arabic

    what is OPEC

      ما هي (أوبك)؟ what is OPEC منظمة الدول المصدِّرة للنفط OPEC هيئة دولية تضمّ اثنتي عشرة دولة تعتمد على صادراتها النفطية اعتمادًا كبيرًا لتحقيق دخولها. ويختصر اسمها إلى منظمة الأوبك ويعمل أعضاء الأوبك لزيادة العائدات من بيع النفط في السوق العالمية. تملك الدول الأعضاء في هذه المنظمة ما يتراوح بين ثلثي وثلاثة أرباع الاحتياطي العالمي المستخلص من النفط. وقد أنتجت هذه البلدان في نهاية الثمانينيات من القرن العشرين حوالي نصف النفط العالمي المطروح في الأسواق. والدول الأعضاء في منظمة أوبك هي: (الإمارات العربية المتحدة، إندونيسيا، إيران، الجابون، الجزائر، السعودية، العراق، فنزويلا، قطر، الكويت، ليبيا، نيجيريا).   أنشئت منظمة أوبك عام 1960م من قِبل السعودية وإيران والعراق والكويت وفنزويلا. وكانت صناعة…