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Until as recently as the late 1970s, the main channel for oil distribution was the integrated system of the major oil companies, while the volume of spot trading was limited to roughly 5 percent of the total oil trade. Today, spot and spot-related deals account for 80 to 85 percent of internationally traded petroleum, and have ushered in a new era of petroleum trading. In this work, Hossein Razavi and Fereidun Fesharaki offer a detailed study of the workings and issues surrounding today's oil trading market as they apply to all parties involved in the production, distribution, and consumption of petroleum. They provide a complete description of petroleum spot markets, futures, and options tr...
Supported by numerous illustrations and references, this book describes the chemistry and physics that occur during the refinery operations, and how the properties of petroleum can be translated into predictability in refinery scenarios. The chapters discuss such topics as: the composition of petroleum, petroleum analysis and evaluation; metals and heteroatoms in petroleum; asphaltenes and the structure of petroleum, thermal chemistry of petroleum constituents; heavy oil upgrading processes; hydrocracking reactions, catalysts, and processes; and instability and incompatibility of petroleum products.
This paper examines and evaluates the relationship between Singapore's oil industry and its economy. It gives a brief account of the Singapore economy and reviews the status of its oil industry. The potential economic impact of lower crude processing in Singapore and its future outlook in the country is also examined. Policy implications are given as well.
Published in the year 1969, Essentials of Petroleum is a valuable contribution to the field of Geography.