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You gotta crack some plankton to make crude oil. If you’re reading something related to fossil fuels here on ZME Science, chances are it somehow ties into the issue of pollution or global warming. Both are really important topics of discussion, especially right now as people all over the world band together to fix the very real, very dangerous consequences our fossil-fuel-centric economies are having on the climate […] Article Here: https://www.zmescience.com/science/what-is-petroleum/
LONDON, June 7 (Reuters) – The value of OPEC members’ petroleum exports rose 28 percent in 2017, according to its annual statistical report, illustrating that its return to managing the oil market by cutting supplies boosted producers’ income. Exports from the Organization of the Petroleum Exporting Countries rose in value to $578.30 billion last year from $451.80 billion in 2016, according to OPEC’s Annual Statistical Bulletin 2018 issued on Thursday. The increase came in response to higher oil prices following OPEC’s decision to manage supply after maximising output in favour of defending market share between 2014 and 2016 during which the value of oil exports fell. The petroleum export data includes some refined fuel and light oil condensate as well as crud...