A Time Series Analysis Of Crude Oil Production Rates By Opec Member Countries

NNAEMEKAKAM S. CHIKEZIE | 55 pages (8556 words) | Projects

ABSTRACT

Petroleum — known as "crude oil" within the petroleum industry or simply called "crude" to distinguish it from refined oils — is an oily, flammable liquid. It is a complex varied mixture of a number of hydrocarbons with small amounts of sulphur, nitrogen, and oxygen. Believed to be of organic origin, petroleum occurs naturally in the upper strata of the earth in various parts of the world. The name petroleum comes from two Latin words, "I'elra" meaning rock and  "Oleum", meaning oil. In all industrial nations, petroleum or crude oil (as we shall continue to call it henceforth) is a prime source of energy. However, it is more than that, being the only adequate source of the oils and other lul,ricants necessary to keep modern high-speed machinery working. Crude oil is also a valuable source of a large range of chemicals used in fibres, plastics, detergents, synthetic rubber and other products known as petrochemicals. Crude oil is measured in units called barrels, one of which is equivalent to 159 litres.

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APA

NNAEMEKAKAM, C (2021). A Time Series Analysis Of Crude Oil Production Rates By Opec Member Countries . Mouau.afribary.org: Retrieved Dec 23, 2024, from https://repository.mouau.edu.ng/work/view/a-time-series-analysis-of-crude-oil-production-rates-by-opec-member-countries-7-2

MLA 8th

CHIKEZIE, NNAEMEKAKAM. "A Time Series Analysis Of Crude Oil Production Rates By Opec Member Countries " Mouau.afribary.org. Mouau.afribary.org, 02 Jun. 2021, https://repository.mouau.edu.ng/work/view/a-time-series-analysis-of-crude-oil-production-rates-by-opec-member-countries-7-2. Accessed 23 Dec. 2024.

MLA7

CHIKEZIE, NNAEMEKAKAM. "A Time Series Analysis Of Crude Oil Production Rates By Opec Member Countries ". Mouau.afribary.org, Mouau.afribary.org, 02 Jun. 2021. Web. 23 Dec. 2024. < https://repository.mouau.edu.ng/work/view/a-time-series-analysis-of-crude-oil-production-rates-by-opec-member-countries-7-2 >.

Chicago

CHIKEZIE, NNAEMEKAKAM. "A Time Series Analysis Of Crude Oil Production Rates By Opec Member Countries " Mouau.afribary.org (2021). Accessed 23 Dec. 2024. https://repository.mouau.edu.ng/work/view/a-time-series-analysis-of-crude-oil-production-rates-by-opec-member-countries-7-2

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