Experts have been saying that we have another 40 or so years of cheap recoverable crude oil left. |
Tyres are no longer manufactured from rubber plants but from synthetic materials produced from crude oil. |
But motorists may wonder why the price of petrol leaps up so quickly when the crude oil it comes from was sold when the price was much lower. |
The EU is considering making all-risks, third-party insurance compulsory for ships carrying crude oil. |
Two products which come directly from the crude oil and do not require further processing are asphalt and waxes. |
China links domestic prices for crude oil and refined products to international prices, adjusted after a one-month lag. |