Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. Crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals. It is a nonrenewable resource, also known as a fossil fuel, which means that it can't be replaced naturally at the rate we consume it and is therefore a limited resource.
The breakdown of US-China trade negotiations has pressured crude prices lower in recent days, setting up a tug-of-war with tightening supply in the...
Iran, Libya, Venezuela, Nigeria, Russia, Sudan… the world’s supply crimps and flashpoints have stacked up over recent weeks.And yet, crude is not...