Petroleum product in the context of "Tar"

The petroleum industry, also known as the oil industry, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of it, and downstream concerns refining crude oil into various end products.

Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical concern for many nations. Oil accounts for a large percentage of the world's energy consumption, ranging from a low of 32% for Europe and Asia, to a high of 53% for the Middle East.

Petroleum, also known as crude oil or simply oil, is a naturally occurring, yellowish-black liquid chemical mixture found in geological formations, consisting mainly of hydrocarbons. The term petroleum refers both to naturally occurring unprocessed crude oil, as well as to petroleum products that consist of refined crude oil.

Petroleum is a fossil fuel formed over millions of years from anaerobic decay of organic materials from buried prehistoric organisms, particularly planktons and algae. It is estimated that 70% of the world's oil deposits were formed during the Mesozoic, 20% were formed in the Cenozoic, and only 10% were formed in the Paleozoic. Conventional reserves of petroleum are primarily recovered by drilling, which is done after a study of the relevant structural geology, analysis of the sedimentary basin, and characterization of the petroleum reservoir. There are also unconventional reserves such as oil sands and oil shale which are recovered by other means such as fracking.

Heating oil is any petroleum product or other oil used for heating; it is a fuel oil. Most commonly, it refers to low viscosity grades of fuel oil used for furnaces or boilers for home heating and in other buildings. Home heating oil is often abbreviated as HHO.

Most heating oil products are chemically very similar to diesel fuel used as motor fuel; motor fuel is typically subject to higher fuel taxes. Many countries add fuel dyes to heating oil, allowing law enforcement to check if a driver is evading fuel taxes. Since 2002, Solvent Yellow 124 has been added as a "Euromarker" in the European Union; untaxed diesel is known as "red diesel" in the United Kingdom.

Oklahoma City (/ˌoʊkləˈhoʊmə -/ OH-klə-HOH-mə -⁠), often shortened to OKC, is the capital and most populous city of the U.S. state of Oklahoma. It is the 20th-most populous U.S. city and 8th largest in the Southern United States, with a population of 681,054 at the 2020 census. The Oklahoma City metropolitan area, with an estimated 1.49 million residents, is the largest metropolitan area in the state and 42nd-most populous in the country. It is the county seat of Oklahoma County, with the city limits extending into Canadian, Cleveland, and Pottawatomie counties; however, areas beyond Oklahoma County primarily consist of suburban developments or areas designated rural and watershed zones. Oklahoma City ranks as the tenth-largest city by area in the United States when including consolidated city-counties, and second-largest when such consolidations are excluded. It is also the second-largest state capital by area, after Juneau, Alaska.

Oklahoma City has one of the world's largest livestock markets. Oil, natural gas, petroleum products, and related industries are its economy's largest sector. The city is in the middle of an active oil field, and oil derricks dot the capitol grounds. The federal government employs a large number of workers at Tinker Air Force Base and the United States Department of Transportation's Mike Monroney Aeronautical Center (which house offices of the Federal Aviation Administration and the Transportation Department's Enterprise Service Center, respectively).

An oil terminal (also called a tank farm, tankfarm, oil installation or oil depot) is an industrial facility for the storage of oil, petroleum and petrochemical products, and from which these products are transported to end users or other storage facilities. An oil terminal typically has a variety of above or below ground tankage; facilities for inter-tank transfer; pumping facilities; loading gantries for filling road tankers or barges; ship loading/unloading equipment at marine terminals; and pipeline connections.

The oil and gas industry is usually divided into three major sectors: upstream, midstream, and downstream. The downstream sector is the refining of petroleum crude oil and the processing and purifying of raw natural gas, as well as the marketing and distribution of products derived from crude oil and natural gas. The downstream sector reaches consumers through products such as gasoline or petrol, kerosene, jet fuel, diesel oil, heating oil, fuel oils, lubricants, waxes, asphalt, natural gas, and liquefied petroleum gas (LPG) as well as naphtha and hundreds of petrochemicals.

Midstream operations are often included in the downstream category and are considered to be a part of the downstream sector.

The PJSC Lukoil Oil Company (Russian in Cyrillic script: Лукойл [ˈɫukɔɪɫ], stylized as LUKOIL and ЛУКОЙЛ in Russian Cyrillic) is a Russian multinational energy corporation headquartered in Moscow, specializing in the business of extraction, production, transport, and sale of petroleum, natural gas, petroleum products, and electricity.

It was formed in 1991 when three state-run companies from western Siberia merged. The original companies were named after the towns in Khanty–Mansi Autonomous Okrug where each was based: Langepasneftegaz, Urayneftegaz, and Kogalymneftegaz. Its new name is the combination of the acronym LUK (initials of the oil-producing cities of Langepas, Uray, Kogalym) and the English word oil.