Energy & Green Tech

Researchers develop more efficient method to recover heavy oil

The current global supply of crude oil is expected to meet demand through 2050, but there may be a few more drops to squeeze out. By making use of a previously undesired side effect in oil recovery, researchers have developed ...

Energy & Green Tech

Switch to electric vehicles could 'end oil era': analysis

Emerging markets switching from petrol and diesel engines to electric vehicles (EVs) could save $250 billion annually and slash expected growth in global oil demand by as much as 70 percent, an industry analysis showed Friday.

Energy & Green Tech

OPEC doesn't see peak oil demand—yet

The coronavirus crisis has sparked talk that the world might have reached peak oil demand but the OPEC cartel sees crude consumption continuing to grow during the next quarter century, driven in large part by greater use ...

Energy & Green Tech

Green-oriented NextEra nears ExxonMobil in market value

In a sign of shifting fortunes in the energy business, green-oriented power company NextEra Energy on Friday sparred with petroleum giant Exxon Mobil for market capitalization supremacy.

Energy & Green Tech

Has global oil demand hit peak? BP says it's possible

Global oil demand might have already peaked and will likely not stop falling for the next 30 years, hit by virus fallout and moves towards greener energy, Britain's BP predicted Monday.

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Oil

An oil is a substance that is in a viscous liquid state ("oily") at ambient temperatures or slightly warmer, and is both hydrophobic (immiscible with water) and lipophilic (miscible with other oils, literally). This general definition includes compound classes with otherwise unrelated chemical structures, properties, and uses, including vegetable oils, petrochemical oils, and volatile essential oils. Oil is a nonpolar substance.

The term oil is often used colloquially to refer to petroleum.

This text uses material from Wikipedia, licensed under CC BY-SA