Crude Oil Prices - Crude oil prices mainly for the USA. Details on crude oil prices per barrel, the crude oil price history and what events caused the price rises, the current crude oil prices, how crude oil is refined and more.
While the global demand for crude oil production continues to rise, supplies remain relatively constrained. Oil companies explore the world searching for new sources of oil.
Crude Oil Production
New sources of oil are often located in areas that are increasingly challenging
to develop, such as the deep water or oil sands.
Top Five Crude Oil Producing Countries
How Is Crude Oil Produced? Wells are drilled into oil reservoirs to extract the crude oil.
"Natural lift" production methods that rely on the natural reservoir
pressure to force the oil to the surface are usually sufficient for a
while after reservoirs are first tapped. For crude oil production in some reservoirs, such as
in the Middle East, the natural pressure is sufficient over a long
time. The natural pressure in many reservoirs, however, eventually
dissipates. Then the oil must be pumped out using "artificial lift"
created by mechanical pumps powered by gas or electricity.
these "primary" methods become less effective and "secondary"
production methods may be used. A common secondary method is
"waterflood" or injection of water into the reservoir to increase
pressure and force the oil to the drilled shaft or "wellbore." As crude oil production continues,
Eventually "tertiary" or "enhanced" oil recovery methods may be used
to increase the oil's flow characteristics by injecting steam, carbon
dioxide and other gases or chemicals into the reservoir.
Extracting oil (or
"bitumen") from oil/tar sand and oil shale deposits requires mining
the sand or shale and heating it in a vessel or retort, or using
"in-situ" methods of injecting heated liquids into the deposit and
then pumping out the oil-saturated liquid.
The most relevant links we could find, placed here free
Production of Crude Oil
- information by US Energy Information Administration (EIA). www.eia.doe.gov/
USA Crude Oil Production
- by Barrels. tonto.eia.doe.gov
Crude Reserves and Production
- Data & Analysis by US EIA. tonto.eia.doe.gov
A Map of the Oil World
- by The New York Times. www.nytimes.com
How Fuel Is Produced
- Brief outline on how fuel is produced by Chevron Corporation. www.thepriceoffuel.com
Oil Production by Nation
- Chart of exports and production of oil by nation. en.wikipedia.org
About Oil and Natural Gas
- Learn more about oil and natural gas, how they are produced and how they become the products you count on. www.api.org
The Middle East is the world's largest crude oil production region, followed by Russia and the United States.
Potential new energy sources are carefully researched, mapped and
tested, using seismic technology to survey the earth below the
surface. Computer-generated three-dimensional imaging helps scientists
identify potential new sources of oil and natural gas located miles
beneath the surface of the earth.
Deepwater locations are home to some of the world's largest
free-standing structures that, on dry land, would dwarf structures
like the Empire State Building and Eiffel Tower. These gigantic
structures stand thousands of feet above the seafloor, enabling
producers to drill miles into the earth to reach the energy source for crude oil production.