Crude Oil Crude oil prices has hovered somewhere close to $110a barrel for past one year, however the price dipped below $100 in the recent past and brought a cheer and sigh of relief for several countries. One of the countries with happy face was definitely India, as it is the largest importer of oil to […]
Saudi Arabia to diversify in Nuclear Power Saudi Arabia is one of the richest companies in the world with gargantuan foreign reserves which keep increasing each year, thanks to its massive oil production. Despite not having any other industry, Saudi Arabia’s oil riches have ensured that the country remains one of the richest in the […]
When talking of the commodities we should not forget the most important Non Agri Commodity which is Crude Oil, Thermal Coal, Brent Crude Oil, Gasoline, Natural Gas, Heating Oil of which Crude Oil is the most important. It is rightly said that: “Next world war will be for crude, energy resources” With Globalization becoming the […]
What is Crude Oil Crude oil is a naturally occurring substance found in certain rock formations and below water bodies. Oil is a compound containing carbon and hydrogen and is highly flammable. Oil is one of the most important commodities in the world playing an important part in some of the biggest industries like chemicals, […]
Natural Gas New technology for drilling Natural Gas in Shale Formations in America has brought a paradigm change in the Energy Market at least in North America. The price of natural gas has fallen precipitously even as its price proxy Crude Oil continues to remain in 3 digits.While there are a number of skeptics about […]