Katana VentraIP

Petroleum

Petroleum, also known as crude oil or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons,[1] and is found in geological formations. The name petroleum covers both naturally occurring unprocessed crude oil and petroleum products that consist of refined crude oil.

"Crude oil" redirects here. For the 2008 film, see Crude Oil (film). For the fuel, see Petrol. For other uses, see Petroleum (disambiguation).

Petroleum is primarily recovered by oil drilling. Drilling is carried out after studies of structural geology, sedimentary basin analysis, and reservoir characterisation. Unconventional reserves such as oil sands and oil shale exist.


Once extracted, oil is refined and separated, most easily by distillation, into innumerable products for direct use or use in manufacturing. Products include fuels such as petrol (gasoline), diesel, kerosene and jet fuel; asphalt and lubricants; chemical reagents used to make plastics; solvents, textiles, refrigerants, paint, synthetic rubber, fertilizers, pesticides, pharmaceuticals, and thousands of others. Petroleum is used in manufacturing a vast variety of materials essential for modern life,[2] and it is estimated that the world consumes about 100 million barrels (16 million cubic metres) each day. Petroleum production can be extremely profitable and was critical to global economic development in the 20th century, with some countries, so-called "oil states", gaining significant economic and international power because of their control of oil production.


Petroleum exploitation can be damaging to the environment and human health. Extraction, refining and burning of petroleum fuels all release large quantities of greenhouse gases, so petroleum is one of the major contributors to climate change. Other negative environmental effects include direct releases, such as oil spills, and as well as air and water pollution at almost all stages of use. These environmental effects have direct and indirect health consequences for humans. Oil has also been a source of internal and inter-state conflict, leading to both state-led wars and other resource conflicts. Production of petroleum is estimated to reach peak oil before 2035[3] as global economies lower dependencies on petroleum as part of climate change mitigation and a transition towards renewable energy and electrification.[4] Oil has played a key role in industrialization and economic development.[5]

A rich in hydrocarbon material buried deeply enough for subterranean heat to cook it into oil,

source rock

A and permeable reservoir rock where it can accumulate,

porous

A (seal) or other mechanism to prevent the oil from escaping to the surface. Within these reservoirs, fluids will typically organize themselves like a three-layer cake with a layer of water below the oil layer and a layer of gas above it, although the different layers vary in size between reservoirs. Because most hydrocarbons are less dense than rock or water, they often migrate upward through adjacent rock layers until either reaching the surface or becoming trapped within porous rocks (known as reservoirs) by impermeable rocks above. However, the process is influenced by underground water flows, causing oil to migrate hundreds of kilometres horizontally or even short distances downward before becoming trapped in a reservoir. When hydrocarbons are concentrated in a trap, an oil field forms, from which the liquid can be extracted by drilling and pumping.

caprock

(WTI), a very high-quality, sweet, light oil delivered at Cushing, Oklahoma for North American oil

West Texas Intermediate

consisting of 15 oils from fields in the Brent and Ninian systems in the East Shetland Basin of the North Sea. The oil landed at Sullom Voe terminal in Shetland. Oil production from Europe, Africa and Middle Eastern oil flowing West tends to be priced off this oil, which forms a benchmark

Brent Blend

used as a benchmark for the Middle East sour crude oil flowing to the Asia-Pacific region

Dubai-Oman

(from Malaysia, used as a reference for light Far East oil)

Tapis

Minas (from , used as a reference for heavy Far East oil)

Indonesia

The , a weighted average of oil blends from various OPEC (Organization of the Petroleum Exporting Countries) countries

OPEC Reference Basket

Heavy, by which heavy oil in California is priced[84]

Midway Sunset

the benchmark crude oil for emerging heavy, high TAN (acidic) crudes.[85]

Western Canadian Select

The petroleum industry generally classifies crude oil by the geographic location it is produced in (e.g., West Texas Intermediate, Brent, or Oman), its API gravity (an oil industry measure of density), and its sulfur content. Crude oil may be considered light if it has low density, heavy if it has high density, or medium if it has a density between that of light and heavy.[81] Additionally, it may be referred to as sweet if it contains relatively little sulfur or sour if it contains substantial amounts of sulfur.[82]


The geographic location is important because it affects transportation costs to the refinery. Light crude oil is more desirable than heavy oil since it produces a higher yield of gasoline, while sweet oil commands a higher price than sour oil because it has fewer environmental problems and requires less refining to meet sulfur standards imposed on fuels in consuming countries. Each crude oil has unique molecular characteristics which are revealed by the use of crude oil assay analysis in petroleum laboratories.[83]


Barrels from an area in which the crude oil's molecular characteristics have been determined and the oil has been classified are used as pricing references throughout the world. Some of the common reference crudes are:


There are declining amounts of these benchmark oils being produced each year, so other oils are more commonly what is actually delivered. While the reference price may be for West Texas Intermediate delivered at Cushing, the actual oil being traded may be a discounted Canadian heavy oil – Western Canadian Select – delivered at Hardisty, Alberta, and for a Brent Blend delivered at Shetland, it may be a discounted Russian Export Blend delivered at the port of Primorsk.[86]


Once extracted, oil is refined and separated, most easily by distillation, into numerous products for direct use or use in manufacturing, such as petrol (gasoline), diesel and kerosene to asphalt and chemical reagents (ethylene, propylene, butene, acrylic acid, para-xylene[87]) used to make plastics, pesticides and pharmaceuticals.[88]

used in the packaging of frozen foods, among others, Paraffin wax, derived from petroleum oil.[96]

Wax

and its derivative sulfuric acid. Hydrogen sulfide is a product of sulfur removal from petroleum fraction. It is oxidized to elemental sulfur and then to sulfuric acid.

Sulfur

Bulk and Asphalt

tar

used in speciality carbon products or as solid fuel

Petroleum coke

Global fossil carbon emissions, an indicator of consumption, from 1800.
  Total
  Oil

Global fossil carbon emissions, an indicator of consumption, from 1800.   Total   Oil

Rate of world energy usage per year from 1970.[119]

Rate of world energy usage per year from 1970.[119]

Daily oil consumption from 1980 to 2006.

Daily oil consumption from 1980 to 2006.

Oil consumption by percentage of total per region from 1980 to 2006:
  US
  Europe
  Asia and Oceania
.

Oil consumption by percentage of total per region from 1980 to 2006:   US   Europe   Asia and Oceania .

Oil consumption 1980 to 2007 by region.

Oil consumption 1980 to 2007 by region.

Alternatives[edit]

In 2018 road transport used 49% of petroleum, aviation 8%, and uses other than energy 17%.[152] Electric vehicles are the main alternative for road transport and biojet for aviation.[153][154][155] Single-use plastics have a high carbon footprint and may pollute the sea, but as of 2022 the best alternatives are unclear.[156]

Hydrocarbons on other worlds[edit]

On Saturn's largest moon, Titan, lakes of liquid hydrocarbons comprising methane, ethane, propane and other constituents, occur naturally. Data collected by the space probe Cassini–Huygens yield an estimate that the visible lakes and seas of Titan contain about 300 times the volume of Earth's proven oil reserves.[193][194] Drilled samples from the surface of Mars taken in 2015 by the Curiosity rover's Mars Science Laboratory have found organic molecules of benzene and propane in 3-billion-year-old rock samples in Gale Crater.[195]

Global Fossil Infrastructure Tracker

(American Petroleum Institute)

API – the trade association of the US oil industry.

U.S. Energy Information Administration

U.S. Department of Energy EIA – World supply and consumption

Joint Organisations Data Initiative | Oil and Gas Data Transparency

U.S. National Library of Medicine: Hazardous Substances Databank – Crude Oil

. The American Cyclopædia. 1879.

"Petroleum" 

"", Scientific American, August 10, 1878, p. 85

A Short History of Petroleum