Crude oil in the context of "Railway"

⭐ In the context of railway transport, the ability to move large volumes with greater energy efficiency, compared to trucks on roads, is primarily attributed to…

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Crude oil in the context of Rail transport

Rail transport (also known as train transport) is a means of transport using wheeled vehicles running on tracks, which usually consist of two parallel steel rails. Rail transport is one of the two primary means of land transport, next to road transport. It is used for about 8% of passenger and freight transport globally, thanks to its energy efficiency and potentially high speed. Also, the track spreads the weight of the train which means larger amounts can be carried than with trucks on roads.

Rolling stock on rails generally encounters lower frictional resistance than rubber-tyred road vehicles, allowing rail cars to be coupled into longer trains. Power is usually provided by diesel or electric locomotives. While railway transport is capital-intensive and less flexible than road transport, it can carry heavy loads of passengers and cargo with greater energy efficiency and safety.

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Crude oil in the context of Raw material

A raw material, also known as a feedstock, unprocessed material, or primary commodity, is a basic material that is used to produce goods, finished goods, energy, or intermediate materials/Intermediate goods that are feedstock for future finished products. As feedstock, the term connotes these materials are bottleneck assets and are required to produce other products.

The term raw material denotes materials in unprocessed or minimally processed states such as raw latex, crude oil, cotton, coal, raw biomass, iron ore, plastic, air, logs, and water. The term secondary raw material denotes waste material which has been recycled and injected back into use as productive material.

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Crude oil in the context of Baku–Batumi pipeline

The Baku–Batumi pipeline is the name given to several pipeline projects to transport kerosene and crude oil from the Caspian region to the Georgian Batumi oil terminal at the Black Sea. When first constructed in 1906, it was the world's longest kerosene pipeline.

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Crude oil in the context of Commodity market

A commodity market is a market that trades in the primary economic sector rather than manufactured products. The primary sector includes agricultural products, energy products, and metals. Soft commodities may be perishable and harvested, while hard commodities are usually mined, such as gold and oil. Futures contracts are the oldest way of investing in commodities. Commodity markets can include physical trading and derivatives trading using spot prices, forwards, futures, and options on futures. Farmers have used a simple form of derivative trading in the commodities market for centuries for price risk management.

A financial derivative is a financial instrument whose value is derived from a commodity termed an underlier. Derivatives are either exchange-traded or over-the-counter (OTC). An increasing number of derivatives are traded via clearing houses some with central counterparty clearing, which provide clearing and settlement services on a futures exchange, as well as off-exchange in the OTC market.

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Crude oil in the context of Port of Singapore

The Port of Singapore is a collection of facilities and terminals that conduct maritime trade and handle Singapore's harbours and shipping. Since 2015, it has been ranked as the world's top maritime capital. Currently, it is ranked as the world's second-busiest port in terms of total shipping tonnage, while also transshipping a fifth of the world's shipping containers, and half of the world's annual crude oil supplies, alongside being ranked as the world's busiest transshipment port. Furthermore, it was also ranked as the world's busiest port in terms of total cargo tonnage handled until 2010, when it was surpassed by the Port of Shanghai.

Due to the city-state's strategic location, Singapore has served as a significant entrepĂ´t and trading post on an international level for at least two centuries. During the contemporary era, its ports have been regarded not merely as an economic boon for the country, but as vitally important for the country's economic development since Singapore lacks land and natural resources. Additionally, the port is regarded as particularly important for importing natural resources, and then later re-exporting products after they have been domestically refined and shaped in some manner, for example, wafer fabrication or oil refining to generate value-added revenue. The Port of Singapore is also the world's largest bunkering port. Moreover, the majority of ships that pass between the Indian Ocean and the Pacific Ocean go through the Singapore Strait. The Straits of Johor on the country's north are impassable for ships due to the Johor-Singapore Causeway, built in 1923, which links the town of Woodlands, Singapore, to the city of Johor Bahru in Malaysia.

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Crude oil in the context of Biogenic

A biogenic substance is a product made by or of life forms. While the term originally was specific to metabolite compounds that had toxic effects on other organisms, it has developed to encompass any constituents, secretions, and metabolites of plants or animals. In context of molecular biology, biogenic substances are referred to as biomolecules. They are generally isolated and measured through the use of chromatography and mass spectrometry techniques. Additionally, the transformation and exchange of biogenic substances can by modelled in the environment, particularly their transport in waterways.

The observation and measurement of biogenic substances is notably important in the fields of geology and biochemistry. A large proportion of isoprenoids and fatty acids in geological sediments are derived from plants and chlorophyll, and can be found in samples extending back to the Precambrian. These biogenic substances are capable of withstanding the diagenesis process in sediment, but may also be transformed into other materials. This makes them useful as biomarkers for geologists to verify the age, origin and degradation processes of different rocks.

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Crude oil in the context of 1969 Santa Barbara oil spill

The Santa Barbara oil spill occurred in January and February 1969 in the Santa Barbara Channel, near the city of Santa Barbara in Southern California. It was the largest oil spill in United States waters at the time. It remains the largest oil spill to have occurred in the waters off California.

The source of the spill was the January 28, 1969, blow-out on Union Oil's Platform A, located 6 miles (10 km; 5 nmi) from the coast in the Dos Cuadras Offshore Oil Field. Within a ten-day period, an estimated 80,000 to 100,000 barrels (13,000 to 16,000 m; 3,400,000 to 4,200,000 US gal) of crude oil spilled into the Channel and onto the beaches of Santa Barbara County in Southern California, fouling the coastline from Goleta to Ventura as well as the northern shores of the four northern Channel Islands. The spill had a significant impact on marine life in the Channel, killing an estimated 3,500 sea birds, as well as marine animals such as dolphins, elephant seals, and sea lions. The public outrage engendered by the spill, which received prominent media coverage in the United States, resulted in numerous pieces of environmental legislation within the next several years, legislation that forms the legal and regulatory framework for the modern environmental movement in the U.S.

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