ConocoPhillips refines crude oil into petroleum products such as gasoline, distillates and aviation fuels.
Every crude petroleum source material can produce so many gallons of gasoline and other distillates per barrel.
FORBES: Drill It, Dam it, Log It: How To Fight Eco-Tyranny In America
Private-sector inventories of distillates like heating oil are unusually low as winter nears.
FORBES: Will Obama Pull The Trigger On The Strategic Petroleum Reserve?
In 2004, the U.S. exported roughly 12 million barrels of oil distillates.
The refined products and marketing division is responsible for refining and marketing various products such as gasoline, aviation fuel, fuel oil and middle distillates.
Distillates -- like cognac, Armagnac and brandy -- are an oft-overlooked category in the bar industry, according to Pour Vous general manager Steve Livigni.
The American Petroleum Institute has announced that for the week ending April 15th, US combined stocks of crude, gasoline and distillates fell by 4.53 million barrels.
FORBES: Growing World Automobile Population Threatens Petroleum Balance
Refiners churn out the same end products (gasoline, heating oil, distillates, etc.) using either feedstock, but not all refiners have the equipment to process heavy sour crude.
It was originally thought the spill involved about 3, 000 litres of a chemical liquid, but the fire service said it was 775 litres of non-hazardous petroleum distillates.
Meanwhile, U.S. refiners have actually increased the total capacity devoted to producing distillates in the past five years to a record 26.1% of all capacity last year.
Cheaper, chemical-laden distillates are rare, yet easy to spot: High-quality absinthe turns brown as it ages, while the artificially colored ones remain green even after a century.
The French are the first people to make exceptional distillates.
This sudden surge in exports of oil distillates, the primary source for motor diesel fuel consumed in the U.S., occurred at the same time diesel prices hit record highs.
Pipelines uneventfully transport millions of barrels of crude oil, refined products and distillates each and every day, which according to government estimates, accounts for approximately 65% of all energy supplies used on a daily basis.
It must either be mined from the surface like coal (to which it is just as similar as it is to oil) or through expensive steam injection with or without the injection of petroleum distillates.
This is because of a relatively small contribution of natural gas to ConocoPhillips? stock value compared to other petroleum products produced by ConocoPhillips such as crude oil, natural gas liquids, gasoline, distillates, fuel oil, and a variety of others.
FORBES: Cheap Gas Prompts ConocoPhillips To Pull Plug On Pipeline Plans In Land Of Sarah Palin
In other words, U.S. refiners are exporting U.S. high-sulfur distillates instead of refining it into low-sulfur diesel fuel than can be sold in the U.S. Chile, Mexico and several other countries in Central America have been the leading export markets for high-sulfur U.S. diesel.
应用推荐