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  2. Overview

    Petroleum is a naturally occurring yellowish-black liquid mixture. It consists mainly of hydrocarbons, and is found in
    Petroleum … See more

    Petroleum - Wikipedia

    • In terms of volume, most petroleum is converted into fuels for combustion engines. In terms of value, petroleum underpins the petrochemical industry, which includes many high value products such as pharmaceuticals and plastics. Fuels and lubricants Petroleum is used mostly, by volume, for refining into fuel oil and gasoline, both important primary energy sou… See more

    Etymology

    The word petroleum comes from Medieval Latin petroleum (literally 'rock oil'), which comes from Latin petra 'rock' (from Greek pétra πέτρα) and oleum 'oil' (from Greek élaion ἔλαιον).
    The origin … See more

    History

    Petroleum, in one form or another, has been used since ancient times. More than 4300 years ago, bitumen was mentioned when the Sumerians used it to make boats. A tablet of the legend of the birth of Sargon of Akkad mentions … See more

    Composition

    Petroleum consists of a variety of liquid, gaseous, and solid components. Lighter hydrocarbons are the gases methane, ethane, propane and butane. Otherwise, the bulk of the liquid and solids are largely heavier org… See more

    Formation

    Petroleum is a fossil fuel derived from fossilized organic materials, such as zooplankton and algae. Vast amounts of these remains settled to sea or lake bottoms where they were covered in stagnant w… See more

    Reservoirs

    Three conditions must be present for oil reservoirs to form:
    • A source rock rich in hydrocarbon material buried deeply enough for subterranean heat to cook it into oil,
    • A porous and permeable reservoir … See more

    Classification

    The petroleum industry generally classifies crude oil by the geographic location it is produced in (e.g., West Texas Intermediate, Brent, or Oman), its API gravity (an oil industry measure of density), and its sulfur content. Cr… See more

     
  1. Petroleum, also called crude oil, is a naturally occurring liquid found beneath the earth’s surface that can be refined into fuel. A fossil fuel, petroleum is created by the decomposition of organic matter over time and used as fuel to power vehicles, heating units, and machines, and can be converted into plastics.
    www.investopedia.com/terms/p/petroleum.asp
    www.investopedia.com/terms/p/petroleum.asp
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