The posted price of oil was the price at which oil companies offered to purchase oil from oil-producing governments. This price was set by the oil companies...

The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and...

Saudi Arabia initiated a price war on oil with Russia, which facilitated a 65% quarterly fall in the price of oil. The price war was triggered by a break-up...

The 1980s oil glut was a significant surplus of crude oil caused by falling demand following the 1970s energy crisis. The world price of oil had peaked...

PMC 10367496. PMID 19192735. S2CID 31407897. "Chevron Crude Oil Marketing – North America Posted Pricing – California". Crudemarketing.chevron.com. May 1, 2007...

inflation-adjusted price of a barrel of crude oil on NYMEX was generally under US$25/barrel in 2008 dollars. During 2003, the price rose above $30, reached...

available, the multinational oil companies (MOCs) unilaterally reduced their posted prices for Venezuelan and Middle Eastern crude oil by 10 percent. Weeks later...

benchmark crude or marker crude is a crude oil that serves as a reference price for buyers and sellers of crude oil. There are three primary benchmarks, West...

The 1990 oil price shock occurred in response to the Iraqi invasion of Kuwait on August 2, 1990, Saddam Hussein's second invasion of a fellow OPEC member...

service companies may produce, maintain, and repair equipment used in oil extraction and oil transportation. In 2019, the global oilfield services market was...

reduced the price of oil for Venezuela and Middle Eastern producers, which provoked anger among oil-producing governments. This prompted the oil-producing...

after the oil companies slashed the posted price of oil, but the posted price of oil remained consistently higher than the market price of oil between 1961...

only decreased by approximately four percent, the oil markets' reaction raised the price of crude oil drastically over the next 12 months, more than doubling...

major oil broker saying, "The world is floating in oil. The numbers we are facing now are dreadful." Forbes magazine said, "The ongoing oil price slump...

the ones who controlled the posted prices. Companies could increase the actual price of oil without changing the posted price, thus avoiding an increase...

Ghawar oil wells with associated gas oil separation plants, and saltwater treatment pipeline, that had been mothballed during the 1980s oil price collapse...

whether the oil exists but whether it can be extracted economically at a given price. Historically, it was theorized that a secular decline in oil production...

price cartel OPEC. According to the Oil Climate Index, carbon emissions from oil-sand crude are 31% higher than from conventional oil. In Canada, oil...

companies only involved in refining and marketing. Energy portal List of largest oil and gas companies by revenue List of oilfield service companies...

down by the global market price for crude oil. According to Rapier, Venezuela's oil reserves are largely of "extra-heavy crude oil" which might "not be economical...

in large part because during falls in the price of oil and gas, a well may be unproductive, but if prices rise, even low-production wells may be economically...

predominantly specializing in oil and gas. The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California...

grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI...

Petroleum Classification Light crude oil Sour crude oil Mazut List of crude oil products Oil price increases since 2003 "Oil markets explained". BBC News. 'Sweet'...

financially traded oil market based around the North Sea of Northwest Europe; colloquially, Brent Crude usually refers to the price of the ICE (Intercontinental...

explored), and the pricing is usually quoted based on FOB (free on board, without consideration of final delivery costs). The three most quoted oil products are...

1895. American oil companies including Union Oil Company became concerned with this development because oil prices had fallen too low for oil companies to...

when the oil can still be extracted profitably. This depends on the cost of the extraction method and the current price of crude oil. When prices are high...

(December 2004), a one-dollar change in the price of crude oil on the international market would alter Iran's oil revenues by US$1 billion. In 2012, Iran...

The usage and pricing of gasoline (or petrol) results from factors such as crude oil prices, processing and distribution costs, local demand, the strength...