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Behind the negative oil price event: the struggle for OPEC+ dominance At the beginning of the outbreak of the new crown epidemic in 2020, Saudi Arabia hoped to significantly reduce oil production capacity in response to the decline in oil prices, but Russia said it would "wait a little longer", and the two leaders of
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FLOWSERVE MDB42891033 NSMP

In 2014, international oil prices fell sharply, and the world's oil and gas industry entered a downturn cycle. The "four lows" (low price, low return, low investment, and low cost) will become new features of the oil and gas industry in the new era. 1. Global oil supply and demand will remain loose before 2020
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FLOW SERVE GEB2729352B NSNP

It is the properties of oil and the history of the oil market that really exerts its power. As the British scholar Susan Strange said, the important historical milestone is not the establishment of the Organization of the Petroleum Exporting Countries, but the effective intervention of OPEC in the market 10 years later. During this
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FLOWSERVE 303490KZ BEARING SLEEVE 3.505 BRZ 836

Petroleum products have a very wide range of roles and functions in social and economic development, and their refined products have penetrated into all aspects of people's lives and are inseparable. [6] Petroleum is a mixture of different hydrocarbon compounds. Through one-time processing, the simple physical method of atmospheric pressure and vacuum distillation is mainly
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ASCO Red Hat Flowserve Kitz Flanged Ball Valve Pneumatic Actuator 150UTBZM B050D

Modern petroleum history began in 1846 when Abraham Kisner, living in Atlantic Canada, invented a method of extracting kerosene from petroleum. In 1852, the Polish Ignaci Lukasiewicz (Lgnacy·Ukasiewicz) invented the method of extracting kerosene using more readily available oil. The following year the first modern oil field opened near Klosnow in southern Poland. These inventions
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Flowserve Series 75 Actuator Model 10 755 W

Refining Features (1) Refining production is the production of equipment flow. Oil flows through each equipment along the process sequence, and is decomposed into different fractions under different temperature, pressure, flow, and time conditions to complete each stage of product production. A set of devices can produce several different products at the same time, and
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Flowserve Gestra NRS 1-50 Steam Boiler Water level Limiter NRS150 24VDC

Refining method There are many basic methods of refining petroleum, and only a few main refining methods are introduced here. [6] 1. Distillation: Using the principle of gasification and condensation, the petroleum is divided into various components with different boiling point ranges. This process is called petroleum distillation. Distillation is usually divided into atmospheric distillation
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FLOWSERVE EEKC433346I-Q1 NSMP

mining technology Well logging engineering applies geophysical methods in the wellbore, and transmits the information on the original conditions and changes in the drilled rock formations and oil and gas reservoirs, especially the information on the distribution and changes of oil, gas, and water in the reservoir, through the cable It is transmitted to the
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