Look around Oil of prices

Oil prices fluctuated in the international oil markets between the height and the slight decline to hover around $ 70 a barrel at the time which likely is some consensus that the decline in the levels of surplus oil supply during the current year .

He noted CEO of Royal Dutch Shell , through the Oil and Gas Conference , which was held in Kuala Lumpur recently that oil prices poised to leap in light of dwindling movement of new investments in the oil sector.

One analyst believes that a large part of the recovery witnessed in oil prices reflects those expectations that suggest the possibility of shrinking oil supply levels in the markets during the next phase .

Oil prices during the four decades :

1970: Select the official price of Saudi oil at $ 1.8 a barrel, according to the U.S. Department of Energy .
1974 :ban imposed by the Organization of Petroleum Exporting Countries (OPEC) during the War of October / cause in the first oil shock .
Exceeding the price of a barrel of oil imported by U.S. refineries $ 10.

1979 :caused the Islamic Revolution in Iran in the second oil shock , and the price of a barrel of oil exceeded $ 20.
1980: Iran-Iraq war to pay the price of a barrel of oil for more than thirty dollars , reaching $ 39 early 1981.
1983: , oil prices began to put on the New York Stock Exchange to exchange goods  .
 The end of September / early October / October 1990 : more than the price of a barrel to $ 40 a short period before the first Gulf War .
 May / 2004 : exceed barrel again the $ 40 threshold in the New York market .
 September 2004: up to $ 50 price and the market worried about supply .
 June 2005 : $ 60 a barrel .
 The end of August / August 2005 : Hurricane Katrina hits the Gulf of Mexico and pay the price of a barrel of oil to more than $ 70.
- 12 September 2007: The price of a barrel " White Sweet كرود " exceed $ 80 and the market worried about the decline in U.S. oil inventories .
- 18 October 2007 : the price of a barrel up to $ 90
 On the first of November, 2007, the price of a barrel to $ 96 .
 In 6 of the same month record $ 97 a barrel and after any one day on November 7 to reach $ 98 on November 21 to $ 99.29 per barrel.
 In the second of January 2008 record price of $ 100 a barrel .
After stops and his fans record of a barrel of oil in March 2008 price of $ 105 and then $ 111 in March 13 , 2008
 July of 2008, the price peaked as record $ 147 a barrel and then prices collapsed to around $ 32 last December and finally began to recover , ranging at Borders seventy dollars .

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Secrets of oil are not known by anyone

Do not use drums in the storage of oil . Some believe that oil is transferred and stored in the " drums " . This misconception comes from widespread use of the barrel as a unit of measurement .
The fact that the global oil industry does not use drums ever since the oil is pumped through pipes to the huge tanks , and then to tanks of oil tankers that are discharged in the consuming countries in large tanks .


Cause widespread use of drums is that when oil was discovered in commercial quantities in the northwest of the U.S. state of Pennsylvania is stored in casks of wine and beer 1985 to facilitate the transfer of the horse - drawn carriages or on the river phrases .

Some believe that the world depends on oil to generate most of the energy that it needs. This belief is also wrong as coal and nuclear power and bio-fuels ( remnants of plants and animals) make up the bulk of the world's energy consumption .

Exaggerates some in the oil revenues of the Gulf states , where they believe that these revenues are multiplied by the price of oil, which declares him the media production that State .
Indeed, the revenues of these countries much less for two reasons: First, the average price of Gulf oil is less than price crude West Texas Intermediate and Brent , which Talnhma media because Alnfoz Gulf , on average, the worst of crude West Texas Intermediate and Brent on the one hand , and you need to move to the U.S. markets European and on the other hand . Second, what you get is governments rents and taxes from the oil companies after these companies pay the costs of exploration , drilling, production, transportation and so on.

Should also be on the national oil companies to use part of the revenue to maintain the level of reserves and the fact that oil production source Nailla , which requires the use of part of its revenues in its investment operations .



Cites some writers and university professors in the Arab world , some of what was written by "experts" for Western oil in the Arab world on the principle of " Farangi Bernja the " .
Suffice it to mention here the fact is that one of the 14 books published for oil during the past four years, some of which are translated into Arabic, were not included as part of her only two experts نفطيان the book .
The rest of the book have nothing to do with the oil from near or far .
Even those experts considered extremists in their views being the predictable end in sight for oil.

There is a common belief that the most advanced countries are the most energy - intensive as measured by energy consumption per capita.
As some believe that industrialized countries produce the highest pollution rates in the world per capita .
In fact, some of the Gulf states occupies the highest rank in the world in both areas : per capita energy consumption and carbon dioxide emissions per capita.

Some believe that the production of Gulf oil and export it one of the richest countries in the world .
This belief is not true at all as the oil revenues in 2005 in all Member States of the Organization of Petroleum Exporting Countries , of which there are 11 countries , did not exceed 4 per cent of the U.S. gross national product .

Suffice it to mention here that the wealth of an American one, which is Bill Gate , Microsoft chairman , exceeded Kuwait's oil revenues during 2005. In 1999, Bill Gate 's wealth was more than three times what it got in Kuwait that year.

It is noteworthy that the net profits of Exxon Mobil Corporation of America in 2005 roughly equivalent to Kuwait's oil revenues for the same year .
Did you know , dear reader , that the net profits of Exxon Mobil Corporation within 90 days , the largest of Syria 's budget for the whole year ?


What is the oil?


Oil is homogeneous material nature vary from one place to another . Standard materials are used , such as " West Texas " and " Brent " to help in the pricing of 160 species of different oils .
And these raw materials are priced based on how they differ from standard materials and the extent of its distance from these raw materials markets .
A distinction is made ​​between types of oil by density ( weight compared to the size ) and حموضتها ( sulfur ) and other factors.

One of the most important contributions to the American Petroleum Institute to create a standard for density is measured in degrees and start from zero.
Oil that the density of less than 25 degrees is considered heavy, oil density ranged between 25 and 35 is considered moderate , and any oil density higher than 35 degrees is considered mild .
The oil is sweet in which less sulfur than 1 per cent .
Oil price falls compared with measurement materials higher the density , acidity , and its price rises with low density and acidity .
The light, sweet oil production about 40 percent of global production , while representing heavy and medium oils the remaining 60 per cent



What types of oil and classified according to the U.S. Environmental Protection Agency ?


Divides the U.S. Environmental Protection Agency ( EPA ) of oil into four categories of oils based on the gravity and can be cleaned in the case of leakage , namely :

Category: light oils quick evaporation.
And include most of the oil derivatives and high-quality types of crude oil. And the advantage of being transparent and flammable and evaporation and float on the surface of the water. Mixed with the soil easily and are difficult to get rid of them . A toxic oils with a pungent odor .

Category: oils lenses .
It is a waxy oil floating on the surface of the water and difficult امتزاجها the soil and is less toxic than the previous category . Can be disposed of by washing with water.

Category: Heavy oils lenses .
It is sticky oils brown or black . Since the density of water close they often sink. The danger lies not in the poisoning , but in sticking with fish , birds and animals . This includes the type of oil derivatives heavy and medium and heavy crude .

Category: non-liquid oils .
It is non-toxic oils black or dark brown . Heat and melt cleaned becomes difficult . And include all kinds of heavy oil


What is Brent ?


Brent crude is used as a criterion for pricing two-thirds of the world's oil production , particularly in the European and African markets .
Therefore, the supervision of depleted fields would be a big problem for dealers who have begun looking for an alternative for pricing.
And '' Brent '' consists of an oil blend of 15 different fields in the Brent and Ninian in the North Sea , which تنتجان about 500 thousand barrels per day .
The '' Brent '' of sweet light oils because of its qualitative weight of 38 degrees and low sulfur content of up to 037 per cent. Based on the differences between him and other raw materials , it is generally sold at a higher price of the OPEC basket of crudes '' '' about dollars per barrel , and the rate is less than WTI also about dollars .
Although European countries that consume most of the production of Brent crude , but it is sometimes exported to the United States and some African countries if the difference between its price and the price of similar oils in these markets is greater than the shipping costs


What is WTI ?


Of sweet light oils , and specific weight , 639 degrees , and has a 024 per cent of the sulfur only , making it superior to OPEC crudes '' '' and on Brent crude. Therefore, it is sold on average at a higher price of OPEC basket of crudes '' '' about two dollars , higher than Brent by about one dollar.
Due to the quality of it is the primary source of gasoline in the United States. As its name indicates , is mostly produced in West Texas .
It is a global measurement ores that are used in the pricing of other raw materials , especially in North America , the largest market for oil in the world . The pricing point is Cushing , Oklahoma City being the center of the intersection to a wide range of oil pipelines, which enables the transport of oil to various parts of the United States, including U.S. ports , and then to anywhere in the world .
This problem is similar to the problem of oil , Brent crude due to the permanent decline in reserves and production , which could force dealers in the world oil markets to ignore it someday and find a replacement.

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