Oil Theft: A Frightening International Perspective
The famous London-based Ernst & Young (EY) audit and consulting company estimates that around $133 billion worth of crude oil and refined products are stolen...
Eugene M. Khartukov
Oilmen’s Salaries Across the World
The job of an oilman is generally quite difficult and is associated with working in harsh environments for long periods of time away from one’s...
Why bbl? Energy Units in the USA and Other Countries
History tells that in the past Standard Oil company – for the sake of distinguishing – painted barrels that were used to carry crude oil...
Oil on the Roads: Road Transportation and Use in the USA and Worldwide
Road transport accounts for over 45% (up to a half) of global use of oil. In particular, in the United States of America, the most...
Measuring Oil and Gas Volumes in Different Countries: The U.S. and Russian Cases
It is well known that, if all things being equal (or in Latin ceteris paribus or caeteris paribus), the volume is directly proportional to temperature and inversely...
Comparing Oil Superpowers: No Match?
Last year, Russia and the USA produced respectively some 11.16 and 10.96 million b/d of crude oil and lease condensate or more than any other...
Oil From Garbage: Any Prospects?
At the end of 2018 Wiederkehr Recycling AG (Switzerland) successfully held the second stage of continuous pyrolysis plant TDP-2-200 commissioning. The pilot run of the...
Petroleum Stockpiles Worldwide: Where and How Big
At the start of August 2019, Abu Dhabi National Oil Company (Adnoc) has said it will acquire a 10 percent stake in VTTI, a Vitol-backed...
Oil Ships Which Rule The Waves
On January 8, 2019, a Vietnam-registered oil tanker Aulac Fortune has exploded and caught fire off the coast of Hong Kong’s Lamma Island, killing at least one...
Oil Markers: Useful Pricing Tools
Benchmark crude (oil marker) is the petroleum that serves as a pricing reference for other types of oil and oil-based securities. The benchmark makes it...