A molecule-based characterization methodology was developed for correlation and prediction of assays and properties for crude oil and petroleum fractions. From readily accessible crude oil, the assay data such as distillation curve, API gravity, and PNA contents, identifies an optimal set of chemical compositions of model hydrocarbon molecules that were designed to mimic measurable physical and...

We investigated and quantified defecation rates of crude oil by 3 species of marine planktonic copepods (Temora turbinata, Acartia tonsa, and Parvocalanus crassirostris) and a natural copepod assemblage after exposure to mechanically or chemically dispersed crude oil. Between 88 and 100% of the analyzed fecal pellets from three species of copepods and a natural copepod assemblage exposed for 48...

In the long-term, crude oil prices may impact the economic stability and sustainability of many countries, especially those depending on oil imports. This study thus suggests an alternative model for accurately forecasting oil prices while reflecting structural changes in the oil market by using a Bayesian approach. The prior information is derived from the recent and expected structure of the ...

Production planning is a very important step in managing the operation of a single refinery and their complexes. Despite its significance, few contributions have been found in literature and the existing ones rely on linear models. Pinto et al. (Comp. Chem. Engng. 24, 2259-2276, 2000), presented a superstructure that represents a general topology and allows the implementation of nonlinear proce...

this paper tries to survey the effective factors in creating an appropriate environment for improving advanced technologies in iranian national oil company and it offers some solutions for applying these technologies. in the beginning, the paper mentions the growing demand for oil more than its global supply in the years to come as well as the need to increase the oil reservoirs and recycling c...

Commodity prices tend to be volatile, and volatility itself varies over time. Changes in volatility can affect market variables by directly affecting the marginal value of storage, and by affecting a component of the total marginal cost of production: the opportunity cost of exercising the option to produce the commodity now rather than waiting for more price information. I examine the role of ...

Commodity prices tend to be volatile, and volatility itself varies over time. Changes in volatility can affect market variables by directly affecting the marginal value of storage, and by affecting a component of the total marginal cost of production: the opportunity cost of exercising the option to produce the commodity now rather than waiting for more price information. I examine the role of ...

A remarkable feature of the crude oil market is a dramatic rise in oil price volatility over time which has been accompanied by a substantial fall in oil production volatility. We investigate the sources of this opposite evolution of both oil market variables. Our main …nding is that the observed volatility puzzle can be rationalized by the fact that the price elasticities of both oil supply an...