WorldWideScience

Sample records for crude oil prices

  1. Recent Dynamics of Crude Oil Prices

    OpenAIRE

    Noureddine Krichene

    2006-01-01

    Crude oil prices have been on a run-up spree in recent years. Their dynamics were characterized by high volatility, high intensity jumps, and strong upward drift, indicating that oil markets were constantly out-of-equilibrium. An explanation of the oil price process in terms of the underlying fundamentals of oil markets and world economy was provided, viewing pressure on oil prices mainly as a result of rigid crude oil supply and an expanding world demand for crude oil. A change in the oil pr...

  2. Crude oil prices--the direction

    Energy Technology Data Exchange (ETDEWEB)

    Roberts, M.L.

    1983-03-01

    Over the next 12 to 18 months, real crude prices should be flat to down, and thereafter increase at a rate equal to or less than inflation through 1985. This forecast is predicated on the assumption that free-world energy demand will be down by about 4% over the next five years to about 106 million BD crude oil equivalent. Assuming a compound annual growth rate in excess of 4% for non-oil supplies, to about 59 million BD crude oil equivalent, the free world's oil requirements are expected to total about 49 million BD in 1985, up about 7% from 1982's estimated level of about 46 million BD. If these assumptions are correct, they suggest that OPEC supplies will amount to about 76% of their productive capacity, or about 26 million BD, down 16% from 1979's peak level of 31 million BD. Thus, OPEC will have to exercise a self-discipline to prorate itself and thereby be able to maintain price controls over its supplies without seeing the crude price rupture to the mid-$20 per barrel level. During the 1973-1980 period, the demand for energy per $1,000 real GNP declined in excess of 14%, after the real price of energy advanced some 30% in 1973-1974, suggesting a negative price elasticity of 0.48 for the seven OCEP countries which consume about 68% of the world's energy supplies. The current uncertainties associated with conservation, substitution, efficiency and the general economic climate raise serious questions as to what the level of demand for petroleum products will be when the western world regains its economic momentum after the current recession. At that time, we may have a better handle on the price elasticity of energy and the ultimate market clearing price for crude.

  3. Application of Markov Model in Crude Oil Price Forecasting

    Directory of Open Access Journals (Sweden)

    Nuhu Isah

    2017-08-01

    Full Text Available Crude oil is an important energy commodity to mankind. Several causes have made crude oil prices to be volatile. The fluctuation of crude oil prices has affected many related sectors and stock market indices. Hence, forecasting the crude oil prices is essential to avoid the future prices of the non-renewable natural resources to rise. In this study, daily crude oil prices data was obtained from WTI dated 2 January to 29 May 2015. We used Markov Model (MM approach in forecasting the crude oil prices. In this study, the analyses were done using EViews and Maple software where the potential of this software in forecasting daily crude oil prices time series data was explored. Based on the study, we concluded that MM model is able to produce accurate forecast based on a description of history patterns in crude oil prices.

  4. Crude oil prices: Speculation versus fundamentals

    Science.gov (United States)

    Kolodziej, Marek Krzysztof

    Beginning in 2004, the price of crude oil fluctuates rapidly over a wide range. Large and rapid price increases have recessionary consequences and dampen long-term infrastructural investment. I investigate whether price changes are driven by market fundamentals or speculation. With regard to market fundamentals, I revisit econometric evidence for the importance of demand shocks, as proxied by dry maritime cargo rates, on oil prices. When I eliminate transportation costs from both sides of the equation, disaggregate OPEC and non-OPEC production, and allow for more than one cointegrating relation, I find that previous specifications are inconsistent with arguments that demand shocks play an important role. Instead, results confirm the importance of OPEC supply shocks. I investigate two channels by which speculation may affect oil prices; the direct effect of trader behavior and changes in oil from a commodity to a financial asset. With regard to trader behavior, I find evidence that trader positions are required to explain the spread between spot and futures prices of crude oil on the New York Mercantile Exchange. The inclusion of trader positions clarifies the process of equilibrium error correction, such that there is bidirectional causality between prices and trader positions. This creates the possibility of speculative bubbles. With regard to oil as a commodity and/or financial asset, I use a Kalman Filter model to estimate the time-varying partial correlation between returns to investments in equity and oil markets. This correlation changes from negative to positive at the onset of the 2008 financial crisis. The low interest rates used to rescue the economy depress convenience yields, which reduces the benefits of holding oil as a commodity. Instead, oil becomes a financial asset (on net) as the oil market changed from contango to backwardation. Contradicting simple political narratives, my research suggests that both market fundamentals and speculation drive

  5. Price Linkage between International Price of Crude Palm Oil (CPO) and Cooking Oil Price in Indonesia

    OpenAIRE

    Rifin, Amzul

    2009-01-01

    Cooking oil in Indonesia is considered to be one of the staple food of Indonesian people. In the beginning of 2008, the price of cooking oil in Indonesia has increased significantly. One of the reasons is the increase of Crude Palm Oil (CPO) price in the international market. The objective of this research is to investigate the impacts of international price of CPO on the domestic price of CPO and cooking oil. Three specific objectives are included (1) To test whether international price of C...

  6. Crude Oil Spot Price Forecasting Based on Multiple Crude Oil Markets and Timeframes

    Directory of Open Access Journals (Sweden)

    Shangkun Deng

    2014-04-01

    Full Text Available This study proposes a multiple kernel learning (MKL-based regression model for crude oil spot price forecasting and trading. We used a well-known trend-following technical analysis indicator, the moving average convergence and divergence (MACD indicator, for extracting features from original spot prices. Additionally, we factored in the possibility that movements of target crude oil prices may be related to other important crude oil markets besides the target market for the prediction time horizon since traders may find price movement information within other relevant crude oil markets useful. We also considered multiple timeframes in this study since trends may differ across different timeframes and, in fact, traders may use their own timeframes. Therefore, for forecasting target crude oil prices, this study emphasizes on features pertaining to other important crude oil markets and different timeframes in addition to features of the target crude oil market and target timeframe. Moreover, the MKL framework has been used to fuse information extracted from different sources and timeframes of the same data source. Experimental results show that out-of-sample forecasting using the MKL method is superior to benchmark methods in terms of root mean square error (RMSE and average percentage profit (APP. They also show that the information from multiple timeframes is useful for prediction, but that from another crude oil market is not.

  7. Response of the Polish Wheat Prices to the Worlds Crude Oil Prices

    Directory of Open Access Journals (Sweden)

    HAMULCZUK

    2012-07-01

    Full Text Available Agricultural commodities prices play crucial role both in farmers income determination and in price relationship establishment for the whole economy. Among the factors influencing the wheat prices, crude oil prices are considered as one of the most important. The aim of this paper was to assess the character of linkage between world crude oil prices and Polish wheat prices. Results of the research confirm the existence of such linkage although the nature and the strength of this relationship changes over time. However, the long-run relationships between the crude oil and Polish wheat prices were not proven. Moreover, growing impact of crude oil prices on Polish wheat prices over time was not detected. The results suggest that exchange rates may strongly influence wheat prices. This in turn may weaken response of Polish wheat prices in relation to world crude oil prices.

  8. Background and Impact of Recent High Crude Oil Prices (Japanese)

    OpenAIRE

    HASEGAWA Eiichi

    2008-01-01

    Crude oil prices on the New York Mercantile Exchange (NYMEX) temporarily fell to $10 a barrel, reflecting the Asian financial crisis that took place in 1997 and 1998, but global oil prices subsequently began to climb from around 2004, given rising demand from China, the disruption caused by hurricanes in the United States, and supply problems in Russia. In early 2008, crude oil prices topped $100 a barrel. As the sub-prime loan problems of the United States began to impact the global economy,...

  9. Dynamic Relationship between Crude Oil Price, Exchange Rate and ...

    African Journals Online (AJOL)

    DrNneka

    stock market performance (Adebiyi et al., 2009). This study contributed to the study of linkage between crude oil price movements, exchange rate behaviour and stock market performance of African oil-exporting countries. The increased integration of financial markets in the world today provides investors with new ways to ...

  10. Crude oil pricing in Asia and future problems; Asia no gen`yu pricing to kongo no kadai

    Energy Technology Data Exchange (ETDEWEB)

    Kato, T. [The Institute of Energy Economics, Tokyo (Japan)

    1997-01-30

    This paper describes pricing factors of crude oil for Asia and future problems. Price of the Middle East crude oil for Asia is determined by linking the spot price of Dubayy crude oil using as a marker. Factors affecting the pricing of marker crude oil include the information dispatching functions for prices of spot market and paper market of marker crude oil, the presence of competitive crude oil, and the correlation between market of oil products and price of crude oil. The paper market of Dubayy crude oil with a small scale of trading provides poor impact and transparency. In Asia, there is no strong competitive crude oil except the Middle East crude oil. There is only a weak price linking between crude oil and products. These are the background that the price of Middle East crude oil stays at the high level and the price adjusting functions are hard to work. The marker crude oil should be changed to another except Dubayy crude oil, and information should be dispatched from purchasers based on the stable standard crude oil. The real paper market should be created, and the force of speaking to oil producing countries should be enhanced by concentrating forces of major oil consuming countries in Asia. It is necessary to find out competitive crude oils. 5 figs., 6 tabs.

  11. Dynamic Relationship between Crude Oil Price, Exchange Rate and ...

    African Journals Online (AJOL)

    This study employed a multivariate Vector Error Correction Model (VECM) that uses the Granger causality test and generalized variance decomposition analysis to study the relationship between crude oil prices, exchange rate and stock market performance in Nigeria from January 1995 to December 2014. As expected ...

  12. Analysis of crude oil and gasoline prices through copulas

    Directory of Open Access Journals (Sweden)

    Ricardo Melo e Silva Accioly

    2014-08-01

    Full Text Available In this paper we investigate the dependence of crude oil and gasoline prices. The understanding of the behavior of this dependence is useful for modeling the portfolio of investments in an integrated oil company. An accurate simulation of the behavior of these prices reveals precisely the risk and return of the portfolio. Morover the movements of these prices is crucial for goverment planing since they affect the overall economy of developed and developing countries. The classical approach which uses elliptical distributions to model the risk factors can be misleading since they are actually not elliptical. We used copula to establicsh such dependence since this methodolgy precludes the use of elliptical distributions. We found a change in the behavior of prices in the recent period compared to those in beginning of the decade and this fact is also reported in the literature. This change is observed through different copula models that were adjusted. These results were confirmed with a bootstrap analysis.

  13. Analysis of the Behavior of Volatility in Crude Oil Price

    Directory of Open Access Journals (Sweden)

    Fernando Antonio Lucena Aiube

    2014-02-01

    Full Text Available This article analyzes volatility in the spot price of crude oil. In recent years the price has also increased reaching more than US$ 140/barrel in the last decade. Moreover, the negotiated trading volume in the futures market in recent years higher than the trading volume of the earlier years. How these changes have affected the volatility in the oil prices? Does the presence of huge players, which leads to an increase in the volume under negotiation, increase volatility? Has the persistence been affected? To answer these questions, we first estimated spot prices using the two-factor model of Schwartz and Smith. With this filtering process we can capture the entire information from the future term-structure. We then analyzed the estimated spot-price series to identify the stylized facts and then adjusted conditional volatility models of GARCH family. Our findings show that the volatility in the high prices period is not different from that of low prices. The shocks behaved as transitory and the persistence in the high prices period decreased. This fact has pricing and hedging implications for short-term derivatives.

  14. Crude Oil Price, Monetary Policy and Output: The Case of Pakistan

    OpenAIRE

    Afia Malik

    2008-01-01

    This paper has analysed the impact of rising crude oil prices on output. Crude oil prices and real output are found to be strongly related, and this relationship has a bellshape. That is, when crude oil prices are below the critical level (i.e., 22 $s/bbl), the relationship between crude oil prices and real output is positive; whereas when the crude oil price rises and exceeds that critical level the relationship becomes negative. Moreover, high debt-GDP ratio, high deficit spending, and high...

  15. Alaska North Slope crude oil price and the behavior of diesel prices in California

    Energy Technology Data Exchange (ETDEWEB)

    Adrangi, B.; Chatrath, A. [School of Business Administration, University of Portland, 5000 N. Willamette Blvd., 97203 Portland, OR (United States); Raffiee, K. [Department of Economics, College of Business Administration, 89557 Reno, NV (United States); Ripple, R. [Faculty of Business, School of Finance and Business Economics, Edith Cowan University, 100 Joondalup Drive, Western Australia 6027 Joondalup (Australia)

    2001-01-01

    In this paper we analyze the price dynamics of Alaska North Slope crude oil and L.A. diesel fuel prices. We employ VAR methodology and bivariate GARCH model to show that there is a strong evidence of a uni-directional causal relationship between the two prices. The L.A. diesel market is found to bear the majority of the burden of convergence when there is a price spread. This finding may be seen as being consistent with the general consensus that price discovery emanates from the larger, more liquid market where trading volume is concentrated. The contestability of the West Coast crude oil market tends to cause it to react relatively competitively, while the lack of contestability for the West Coast diesel market tends to limit its competitiveness, causing price adjustment to be slow but to follow the price signals of crude oil. Our findings also suggest that the derived demand theory of input pricing may not hold in this case. The Alaska North Slope crude oil price is the driving force in changes of L.A. diesel price.

  16. Hidden Markov Model and Forward-Backward Algorithm in Crude Oil Price Forecasting

    Science.gov (United States)

    Talib Bon, Abdul; Isah, Nuhu

    2016-11-01

    In light of the importance of crude oil to the world's economy, it is not surprising that economists have devoted great efforts towards developing methods to forecast price and volatility levels. Crude oil is an important energy commodity to mankind. Several causes have made crude oil prices to be volatile such as economic, political and social. Hence, forecasting the crude oil prices is essential to avoid unforeseen circumstances towards economic activity. In this study, daily crude oil prices data was obtained from WTI dated 2nd January to 29th May 2015. We used Hidden Markov Model (HMM) and Forward-Backward Algorithm to forecasting the crude oil prices. In this study, the analyses were done using Maple software. Based on the study, we concluded that model (0 3 0) is able to produce accurate forecast based on a description of history patterns in crude oil prices.

  17. Wavelet regression model in forecasting crude oil price

    Science.gov (United States)

    Hamid, Mohd Helmie; Shabri, Ani

    2017-05-01

    This study presents the performance of wavelet multiple linear regression (WMLR) technique in daily crude oil forecasting. WMLR model was developed by integrating the discrete wavelet transform (DWT) and multiple linear regression (MLR) model. The original time series was decomposed to sub-time series with different scales by wavelet theory. Correlation analysis was conducted to assist in the selection of optimal decomposed components as inputs for the WMLR model. The daily WTI crude oil price series has been used in this study to test the prediction capability of the proposed model. The forecasting performance of WMLR model were also compared with regular multiple linear regression (MLR), Autoregressive Moving Average (ARIMA) and Generalized Autoregressive Conditional Heteroscedasticity (GARCH) using root mean square errors (RMSE) and mean absolute errors (MAE). Based on the experimental results, it appears that the WMLR model performs better than the other forecasting technique tested in this study.

  18. Crude oil price analysis and forecasting based on variational mode decomposition and independent component analysis

    Science.gov (United States)

    E, Jianwei; Bao, Yanling; Ye, Jimin

    2017-10-01

    As one of the most vital energy resources in the world, crude oil plays a significant role in international economic market. The fluctuation of crude oil price has attracted academic and commercial attention. There exist many methods in forecasting the trend of crude oil price. However, traditional models failed in predicting accurately. Based on this, a hybrid method will be proposed in this paper, which combines variational mode decomposition (VMD), independent component analysis (ICA) and autoregressive integrated moving average (ARIMA), called VMD-ICA-ARIMA. The purpose of this study is to analyze the influence factors of crude oil price and predict the future crude oil price. Major steps can be concluded as follows: Firstly, applying the VMD model on the original signal (crude oil price), the modes function can be decomposed adaptively. Secondly, independent components are separated by the ICA, and how the independent components affect the crude oil price is analyzed. Finally, forecasting the price of crude oil price by the ARIMA model, the forecasting trend demonstrates that crude oil price declines periodically. Comparing with benchmark ARIMA and EEMD-ICA-ARIMA, VMD-ICA-ARIMA can forecast the crude oil price more accurately.

  19. Daily Crude Oil Price Forecasting Using Hybridizing Wavelet and Artificial Neural Network Model

    Directory of Open Access Journals (Sweden)

    Ani Shabri

    2014-01-01

    Full Text Available A new method based on integrating discrete wavelet transform and artificial neural networks (WANN model for daily crude oil price forecasting is proposed. The discrete Mallat wavelet transform is used to decompose the crude price series into one approximation series and some details series (DS. The new series obtained by adding the effective one approximation series and DS component is then used as input into the ANN model to forecast crude oil price. The relative performance of WANN model was compared to regular ANN model for crude oil forecasting at lead times of 1 day for two main crude oil price series, West Texas Intermediate (WTI and Brent crude oil spot prices. In both cases, WANN model was found to provide more accurate crude oil prices forecasts than individual ANN model.

  20. Determining Optimal Crude Oil Price Benchmark in Nigeria: An Empirical Approach

    OpenAIRE

    Saibu Olufemi Muibi

    2015-01-01

    This paper contributes to on-going empirical search for an appropriate crude oil price benchmark that ensures greater financial stability and efficient fiscal management in Nigeria. It adopted the seasonally adjusted ARIMA forecasting models using monthly data series from 2000m01 to 2012m12 to predict future movement in Nigeria crude oil prices. The paper derived a more robust and dynamic framework that accommodates fluctuation in crude oil price and also in government spending. The result sh...

  1. Jump dynamics with structural breaks for crude oil prices

    Energy Technology Data Exchange (ETDEWEB)

    Lee, Yen-Hsien [Department of Finance, Chung Yuan Christian University (China); Hu, Hsu-Ning [Department of Money, Banking and Finance, TamKang University (China); Chiou, Jer-Shiou [Department of Finance and Banking, Shih Chien University, 70 Ta-Chih Street, Taipei 104 (China)

    2010-03-15

    This study investigates the joint phenomena of permanent and transitory components in conditional variance and jump intensity along with verification of structural breaks for crude oil prices. We adopt a Component-ARJI model with structural break analysis, utilizing daily data on West Texas Intermediate crude oil spot and futures contracts. The analytical results verify the existence of permanent and transitory components in conditional variance, with the permanent component of conditional variance increasing with the occurrence of a sudden major event (such as the Iraqi Invasion of Kuwait, Operation Desert Storm and the war between the US and Iraq), and a relatively greater increase in the transitory component over the same period. Notably, jump intensity fluctuates with an increase in the transitory component of conditional variance in response to abnormal events. It is the transitory component which serves as the primary influential factor for jumps in returns; therefore, speculators are willing to take large risks, particularly with respect to anticipating future price movements, or gambling, in the hopes of rapidly making substantial gains; thus, speculators prefer the temporary volatility component and engage in trade activities. However, investors prefer the permanent volatility component, because they may well be better off relocating their assets into more stable portfolios to outperform the market portfolio over the long run. (author)

  2. An analysis of price and volatility transmission in butter, palm oil and crude oil markets

    Directory of Open Access Journals (Sweden)

    Dennis Bergmann

    2016-11-01

    Full Text Available Abstract Recent changes to the common agricultural policy (CAP saw a shift to greater market orientation for the EU dairy industry. Given this reorientation, the volatility of EU dairy commodity prices has sharply increased, creating the need to develop proper risk management tools to protect farmers’ income and to ensure stable prices for processors and consumers. In addition, there is a perceived threat that these commodities may be replaced by cheaper substitutes, such as palm oil, as dairy commodity prices become more volatile. Global production of palm oil almost doubled over the last decade while butter production remained relatively flat. Palm oil also serves as a feedstock for biodiesel production, thus establishing a new link between agricultural commodities and crude oil. Price and volatility transmission effects between EU and World butter prices, as well as between butter, palm oil and crude oil prices, before and after the Luxembourg agreement, are analysed. Vector autoregression (VAR models are applied to capture price transmission effects between these markets. These are combined with a multivariate GARCH model to account for potential volatility transmission. Results indicate strong price and volatility transmission effects between EU and World butter prices. EU butter shocks further spillover to palm oil volatility. In addition, there is evidence that oil prices spillover to World butter prices and World butter volatility.

  3. The crude oil price bubbling and universal scaling dynamics of price volatility

    Science.gov (United States)

    García-Carranco, Sergio M.; Bory-Reyes, Juan; Balankin, Alexander S.

    2016-06-01

    The main goal of this paper is to reveal the effect of crude oil price bubbling on the price volatility dynamics. For this purpose, the time series of volatility at different horizons are mapped into a model of kinetic roughening of interface growing in a stochastic environment. In this way, we found that the volatility dynamics obeys the Family-Viscek dynamic scaling ansatz. Although during the period from January 2, 1986 to July 25, 2014 the volatility remains a slightly anti-persistent, the dynamic exponent is found to be quite different during different regimes of price evolution. Accordingly, we define the intrinsic time of price volatility and metric of volatility horizons. This allows us to construct the Langevin-type equation governing the volatility dynamics during bubble and non-bubble periods. The data analysis indicates that the bubbling does not affect the intrinsic time of volatility, but strongly affect the metric of volatility horizons. In this regard, numerical data suggest the existence of two universal metrics characterizing the volatility dynamics during the bubble and non-bubble regimes of crude oil price evolution, respectively. The results of this work help us to get a further insight into the dynamics of crude oil price volatility.

  4. Cross-correlation between crude oil and refined product prices

    Science.gov (United States)

    Liu, Li; Ma, Guofeng

    2014-11-01

    In this paper, we investigate cross-correlations between crude oil and refined product prices based on the well-known detrended cross-correlation analysis (DCCA). Our findings indicate that the cross-correlations are significant and strong. Furthermore, the multifractality in cross-correlations is also revealed. The cross-correlation coefficients are as high as 0.9 for larger time scales and are greater than those for smaller time scales. Two popular models, vector error correction model and bivariate BEKK volatility model, are found to have very limited power in capturing long-range cross-correlations, suggesting the drawbacks of these conventional models in actual applications. Long-term cross-correlations are stronger in recent ten years than those in the past decades.

  5. Does Climate Change Mitigation Activity Affect Crude Oil Prices? Evidence from Dynamic Panel Model

    Directory of Open Access Journals (Sweden)

    Jude C. Dike

    2014-01-01

    Full Text Available This paper empirically investigates how climate change mitigation affects crude oil prices while using carbon intensity as the indicator for climate change mitigation. The relationship between crude oil prices and carbon intensity is estimated using an Arellano and Bond GMM dynamic panel model. This study undertakes a regional-level analysis because of the geographical similarities among the countries in a region. Regions considered for the study are Africa, Asia and Oceania, Central and South America, the EU, the Middle East, and North America. Results show that there is a positive relationship between crude oil prices and carbon intensity, and a 1% change in carbon intensity is expected to cause about 1.6% change in crude oil prices in the short run and 8.4% change in crude oil prices in the long run while the speed of adjustment is 19%.

  6. Multivariate Time Series Forecasting of Crude Palm Oil Price Using Machine Learning Techniques

    Science.gov (United States)

    Kanchymalay, Kasturi; Salim, N.; Sukprasert, Anupong; Krishnan, Ramesh; Raba'ah Hashim, Ummi

    2017-08-01

    The aim of this paper was to study the correlation between crude palm oil (CPO) price, selected vegetable oil prices (such as soybean oil, coconut oil, and olive oil, rapeseed oil and sunflower oil), crude oil and the monthly exchange rate. Comparative analysis was then performed on CPO price forecasting results using the machine learning techniques. Monthly CPO prices, selected vegetable oil prices, crude oil prices and monthly exchange rate data from January 1987 to February 2017 were utilized. Preliminary analysis showed a positive and high correlation between the CPO price and soy bean oil price and also between CPO price and crude oil price. Experiments were conducted using multi-layer perception, support vector regression and Holt Winter exponential smoothing techniques. The results were assessed by using criteria of root mean square error (RMSE), means absolute error (MAE), means absolute percentage error (MAPE) and Direction of accuracy (DA). Among these three techniques, support vector regression(SVR) with Sequential minimal optimization (SMO) algorithm showed relatively better results compared to multi-layer perceptron and Holt Winters exponential smoothing method.

  7. Finding the multipath propagation of multivariable crude oil prices using a wavelet-based network approach

    Science.gov (United States)

    Jia, Xiaoliang; An, Haizhong; Sun, Xiaoqi; Huang, Xuan; Gao, Xiangyun

    2016-04-01

    The globalization and regionalization of crude oil trade inevitably give rise to the difference of crude oil prices. The understanding of the pattern of the crude oil prices' mutual propagation is essential for analyzing the development of global oil trade. Previous research has focused mainly on the fuzzy long- or short-term one-to-one propagation of bivariate oil prices, generally ignoring various patterns of periodical multivariate propagation. This study presents a wavelet-based network approach to help uncover the multipath propagation of multivariable crude oil prices in a joint time-frequency period. The weekly oil spot prices of the OPEC member states from June 1999 to March 2011 are adopted as the sample data. First, we used wavelet analysis to find different subseries based on an optimal decomposing scale to describe the periodical feature of the original oil price time series. Second, a complex network model was constructed based on an optimal threshold selection to describe the structural feature of multivariable oil prices. Third, Bayesian network analysis (BNA) was conducted to find the probability causal relationship based on periodical structural features to describe the various patterns of periodical multivariable propagation. Finally, the significance of the leading and intermediary oil prices is discussed. These findings are beneficial for the implementation of periodical target-oriented pricing policies and investment strategies.

  8. The Cushing OK Crude Oil Futures Price Pass - Through to New York Harbor Reformulated RBOB Regular Gasoline Futures Price

    Directory of Open Access Journals (Sweden)

    Chu V. Nguyen

    2017-04-01

    Full Text Available This study utilizes an Autoregressive Distributed Lag model to investigate the nature of crude oil futures price pass-through since 2006. The empirical results reveal a very high but incomplete short-run pass-through rate from the crude oil futures price to the gasoline futures price of 0.849298 with a corresponding negative long-run pass-through rate of -0.2440894. These empirical findings suggest that traders in the U.S. oil and gasoline futures markets overreact to fluctuations in the crude oil futures price as evidenced by subsequent corrections made over the sample period. The result of the bounds test for a long-term relationship between these two futures prices is inconclusive. The empirical findings further suggest that U.S. futures market traders considered futures prices of gasoline three weeks earlier in determining the current trading price while taking only one week to respond completely to the shock in the crude oil futures price.  The empirical findings of this investigation may address the core elements of the price dynamics of the crude oil and gasoline futures markets and advance inquiry into assessment tools that could manage a very complex market challenge, especially for policy makers in countries with transitional economies in Eastern Europe, Caucasus and Central Asia.

  9. Price elasticity of demand for crude oil: estimates for 23 countries

    Energy Technology Data Exchange (ETDEWEB)

    Cooper, J.C.B.

    2003-03-01

    This paper uses a multiple regression model derived from an adaptation of Nerlove's partial adjustment model to estimate both the short-run and long-run elasticities of demand for crude oil in 23 countries. The estimates so obtained confirm that the demand for crude oil internationally is highly insensitive to changes in price. (author)

  10. Effect of Crude Oil Price on Agricultural Productivity in Nigeria (1981 ...

    African Journals Online (AJOL)

    SH

    Faculty of Agricultural Sciences. Ladoke Akintola University of Technology, Ogbomoso. Nigeria ... This study examined the effects of crude oil price on agricultural productivity in Nigeria between 1981 and 2010. Agricultural productivity (proxy as ... nation should be free from any negative oil price shocks. However, the reality ...

  11. Building an Early Warning System for Crude Oil Price Using Neural Network

    Directory of Open Access Journals (Sweden)

    Wonho Song

    2010-12-01

    Full Text Available In this paper, a crisis index for the oil price shock is defined and a neural network model is specified for the prediction of the crisis index. This paper contributes to the literature in three ways. First, we build an early warning system for crude oil price. Although the oil price became one of the most important price index recently, no research efforts have been made to build an early warning system for crude oil price. Second, the neural network (NN model is used to construct the early warning sysIn this paper, a crisis index for the oil price shock is defined and a neural network model is specified for the prediction of the crisis index. This paper contributes to the literature in three ways. First, we build an early warning system for crude oil price. Although the oil price became one of the most important price index recently, no research efforts have been made to build an early warning system for crude oil price. Second, the neural network (NN model is used to construct the early warning system. Most early warning systems are built based on the signaling approach. In this paper, we show that the neural network models are more flexible and have greater potential as EWS than the signaling approach. Third, we allow the multi-level crisis index. Previous models allowed only a zero/one crisis index whereas our model permits as many levels as possible. With this new model, we try to answer whether the oil price collapse following the historical peak in 2008 was predictable. We compare the results from the NN model with those from the ordered probit (OP model, and show that the oil price crisis and the following crash were predictable by the NN model, but not by the OP model.

  12. Forecasting Crude Oil Price Using EEMD and RVM with Adaptive PSO-Based Kernels

    Directory of Open Access Journals (Sweden)

    Taiyong Li

    2016-12-01

    Full Text Available Crude oil, as one of the most important energy sources in the world, plays a crucial role in global economic events. An accurate prediction for crude oil price is an interesting and challenging task for enterprises, governments, investors, and researchers. To cope with this issue, in this paper, we proposed a method integrating ensemble empirical mode decomposition (EEMD, adaptive particle swarm optimization (APSO, and relevance vector machine (RVM—namely, EEMD-APSO-RVM—to predict crude oil price based on the “decomposition and ensemble” framework. Specifically, the raw time series of crude oil price were firstly decomposed into several intrinsic mode functions (IMFs and one residue by EEMD. Then, RVM with combined kernels was applied to predict target value for the residue and each IMF individually. To improve the prediction performance of each component, an extended particle swarm optimization (PSO was utilized to simultaneously optimize the weights and parameters of single kernels for the combined kernel of RVM. Finally, simple addition was used to aggregate all the predicted results of components into an ensemble result as the final result. Extensive experiments were conducted on the crude oil spot price of the West Texas Intermediate (WTI to illustrate and evaluate the proposed method. The experimental results are superior to those by several state-of-the-art benchmark methods in terms of root mean squared error (RMSE, mean absolute percent error (MAPE, and directional statistic (Dstat, showing that the proposed EEMD-APSO-RVM is promising for forecasting crude oil price.

  13. Crude oil price shocks and stock returns. Evidence from Turkish stock market under global liquidity conditions

    Energy Technology Data Exchange (ETDEWEB)

    Berk, Istemi [Koeln Univ. (Germany). Energiewirtschaftliches Inst.; Aydogan, Berna [Izmir Univ. of Economics (Turkey). Dept. of International Trade and Finance

    2012-09-15

    The purpose of this study is to investigate the impacts of crude oil price variations on the Turkish stock market returns. We have employed vector autoregression (V AR) model using daily observations of Brent crude oil prices and Istanbul Stock Exchange National Index (ISE- 1 00) returns for the period between January 2, 1990 and November 1, 2011. We have also tested the relationship between oil prices and stock market returns under global liquidity conditions by incorporating a liquidity proxy variable, Chicago Board of Exchange's (CBOE) S and P 500 market volatility index (VIX), into the model. Variance decomposition test results suggest little empirical evidence that crude oil price shocks have been rationally evaluated in the Turkish stock market. Rather, it was global liquidity conditions that were found to account for the greatest amount of variation in stock market returns.

  14. DOES VOLATILITY IN CRUDE OIL PRICE PRECIPITATE MACROECONOMIC PERFORMANCE IN NIGERIA?

    Directory of Open Access Journals (Sweden)

    Joseph Ayoola Omojolaibi

    2013-01-01

    Full Text Available This study examines the effects of crude oil price changes on economic activity in an oil dependent economy-Nigeria. A small open economy structural vector autoregressive (SVAR technique is employed to study the macroeconomic dynamics of domestic price level, economic output, money supply and oil price in Nigeria. The sample covers the data from 1985:q1 to 2010:q4. The Impulse Response Functions (IRFs and the Forecast Error Variance Decompositions (FEVDs results suggest that domestic policies, instead of oil-boom should be blamed for inflation. Also, oil price variations are driven mostly by oil shocks, however, domestic shocks are responsible for a reasonable portion of oil price variations.

  15. A new approach for crude oil price prediction based on stream learning

    Directory of Open Access Journals (Sweden)

    Shuang Gao

    2017-01-01

    Full Text Available Crude oil is the world's leading fuel, and its prices have a big impact on the global environment, economy as well as oil exploration and exploitation activities. Oil price forecasts are very useful to industries, governments and individuals. Although many methods have been developed for predicting oil prices, it remains one of the most challenging forecasting problems due to the high volatility of oil prices. In this paper, we propose a novel approach for crude oil price prediction based on a new machine learning paradigm called stream learning. The main advantage of our stream learning approach is that the prediction model can capture the changing pattern of oil prices since the model is continuously updated whenever new oil price data are available, with very small constant overhead. To evaluate the forecasting ability of our stream learning model, we compare it with three other popular oil price prediction models. The experiment results show that our stream learning model achieves the highest accuracy in terms of both mean squared prediction error and directional accuracy ratio over a variety of forecast time horizons.

  16. STRUCTURAL BREAKS, COINTEGRATION, AND CAUSALITY BY VECM ANALYSIS OF CRUDE OIL AND FOOD PRICE

    Directory of Open Access Journals (Sweden)

    Aynur Pala

    2013-01-01

    Full Text Available This papers investigated form of the linkage beetwen crude oil price index and food price index, using Johansen Cointegration test, and Granger Causality by VECM. Empirical results for monthly data from 1990:01 to 2011:08 indicated that evidence for breaks after 2008:08 and 2008:11. We find a clear long-run relationship between these series for the full and sub sample. Cointegration regression coefficient is negative at the 1990:01-2008:08 time period, but adversely positive at the 2008:11-2011:08 time period. This results represent that relation between crude oil and food price chanced.

  17. Determining Optimal Crude Oil Price Benchmark in Nigeria: An Empirical Approach

    Directory of Open Access Journals (Sweden)

    Saibu Olufemi Muibi

    2015-12-01

    Full Text Available This paper contributes to on-going empirical search for an appropriate crude oil price benchmark that ensures greater financial stability and efficient fiscal management in Nigeria. It adopted the seasonally adjusted ARIMA forecasting models using monthly data series from 2000m01 to 2012m12 to predict future movement in Nigeria crude oil prices. The paper derived a more robust and dynamic framework that accommodates fluctuation in crude oil price and also in government spending. The result shows that if the incessant withdrawal from the ECA fund and the increasing debt profile of government in recent times are factored into the benchmark, the real crude oil numerical fiscal rule is (US$82.3 for 2013 which is higher than the official benchmark of $75 used for 2013 and 2014 budget proposal. The paper argues that the current long run price rule based on 5-10 year moving average approach adopted by government is rigid and inflexible as a rule for managing Nigerian oil funds. The unrealistic assumption of the extant benchmark accounted for excessive depletion and lack of accountability of the excess crude oil account. The paper concludes that except the federal government can curtail its spending profligacy and adopts a more stringent fiscal discipline rules, the current benchmark is unrealistic and unsuitable for fiscal management of oil revenue in the context of Nigerian economic spending profile.

  18. The Effect of Changes in World Crude Oil Prices on U.S. Automobile Exports

    Directory of Open Access Journals (Sweden)

    Maksim Belenkiy

    2012-07-01

    Full Text Available This study describes an export model where consumers differentiate between different types of automobiles by the distance they can travel on one dollar’s worth of fuel. The model predicts that the overall demand for vehicles falls as crude oil prices rise, and that the demand for less fuel-efficient vehicles falls relatively more. In particular, we estimate that between 2007 and 2008, when the crude oil prices increased by 32 percent, the export demand for the SUVs manufactured in the United States declined by over $700 million. This implies that the relatively less fuel-efficient U.S.-model vehicles will tend to suffer a competitive disadvantage worldwide when crude oil prices are high. We discuss the potential role of the proposed CAFÉ standards in improving fuel-efficiency and growing exports of the U.S. vehicle fleet.

  19. Cross-correlations between Baltic Dry Index and crude oil prices

    Science.gov (United States)

    Ruan, Qingsong; Wang, Yao; Lu, Xinsheng; Qin, Jing

    2016-07-01

    This paper examines the cross-correlation properties of Baltic Dry Index (BDI) and crude oil prices using cross-correlation statistics test and multifractal detrended cross-correlation analysis (MF-DCCA). The empirical results show that the cross-correlations between BDI and crude oil prices are significantly multifractal. By introducing the concept of a ;crossover;, we find that the cross-correlations are strongly persistent in the short term and weakly anti-persistent in the long term. Moreover, cross-correlations of all kinds of fluctuations are persistent in the short time while cross-correlations of small fluctuations are persistent and those of large fluctuations are anti-persistent in the long term. We have also verified that the multifractality of the cross-correlations of BDI and crude oil prices is both attributable to the persistence of fluctuations of time series and fat-tailed distributions.

  20. Interdependence between crude oil and world food prices: A detrended cross correlation analysis

    Science.gov (United States)

    Pal, Debdatta; Mitra, Subrata K.

    2018-02-01

    This article explores the changing interdependence between crude oil and world food prices at varying time scales using detrended cross correlation analysis that would answer whether the interdependence (if any) differed significantly between pre and post-crisis period. Unlike the previous studies that exogenously imposed break dates for dividing the time series into sub-samples, we tested whether the mean of the crude oil price changed over time to find evidence for structural changes in the crude oil price series and endogenously determine three break dates with minimum Bayesian information criterion scores. Accordingly, we divided the entire study period in four sample periods - January 1990 to October 1999, November 1999 to February 2005, March 2005 to September 2010, and October 2010 to July 2016, where the third sample period coincided with the period of food crisis and enabled us to compare the fuel-food interdependence across pre-crisis, during the crisis, and post-crisis periods. The results of the detrended cross correlation analysis extended corroborative evidence for increasing positive interdependence between the crude oil price and world food price index along with its sub-categories, namely dairy, cereals, vegetable oil, and sugar. The article ends with the implications of these results in the domain of food policy and the financial sector.

  1. The Effect of Changes in World Crude Oil Prices on U.S. Automobile Exports

    OpenAIRE

    Belenkiy, Maksim; Osborne, Stefan

    2012-01-01

    This study describes an export model where consumers differentiate between different types of automobiles by the distance they can travel on one dollar’s worth of fuel. The model predicts that the overall demand for vehicles falls as crude oil prices rise, and that the demand for less fuel-efficient vehicles falls relatively more. In particular, we estimate that between 2007 and 2008, when the crude oil prices increased by 32 percent, the export demand for the SUVs manufactured in the United ...

  2. Russian economy in the face of the global decline of crude oil prices

    OpenAIRE

    Michal Wilinski; Agnieszka Wilinska

    2015-01-01

    The purpose of this article is to present problem in which the Russia found after the imposition of her economic and political sanctions by the European Union. It also shows the impact of the global figure the crude oil price to change the size of gross domestic product and the country's budget revenues. The models were to confirm the existence of consistent relationship between the studied variables and indicate the strength of this relationship, between the crude oil price and the size of R...

  3. A Study on the Determination of the World Crude Oil Price and Methods for Its Forecast

    Energy Technology Data Exchange (ETDEWEB)

    Kim, J.K. [Korea Energy Economics Institute, Euiwang (Korea)

    2001-11-01

    The primary purpose of this report is to provide the groundwork to develop the methods to forecast the world crude oil price. The methodology is used by both literature survey and empirical study. For this purpose, first of all, this report reviewed the present situation and the outlook of the world oil market based on oil demand, supply and prices. This analysis attempted to provide a deeper understanding to support the development of oil forecasting methods. The result of this review, in general, showed that the oil demand will be maintained annually at an average rate of around 2.4% under assumption that oil supply has no problem until 2020. The review showed that crude oil price will be a 3% increasing rate annually in the 1999 real term. This report used the contents of the summary review as reference data in order to link the KEEIOF model. In an effort to further investigate the contents of oil political economy, this report reviewed the articles of political economy about oil industry. It pointed out that the world oil industry is experiencing the change of restructuring oil industry after the Gulf War in 1990. The contents of restructuring oil industry are characterized by the 'open access' to resources not only in the Persian Gulf, but elsewhere in the world as well - especially the Caspian Sea Basin. In addition, the contents showed that the oil industries are shifted from government control to government and industry cooperation after the Gulf War. In order to examine the characters and the problems surrounding oil producing countries, this report described the model of OPEC behavior and strategy of oil management with political and military factors. Among examining the models of OPEC behavior, this report focused on hybrid model to explain OPEC behavior. In reviewing political and religious power structure in the Middle East, the report revealed that US emphasizes the importance of the Middle East for guaranteeing oil security. However, three

  4. Production Costs of Alternative Transportation Fuels. Influence of Crude Oil Price and Technology Maturity

    Energy Technology Data Exchange (ETDEWEB)

    Cazzola, Pierpaolo; Morrison, Geoff; Kaneko, Hiroyuki; Cuenot, Francois; Ghandi, Abbas; Fulton, Lewis

    2013-07-01

    This study examines the production costs of a range of transport fuels and energy carriers under varying crude oil price assumptions and technology market maturation levels. An engineering ''bottom-up'' approach is used to estimate the effect of the input cost of oil and of various technological assumptions on the finished price of these fuels. In total, the production costs of 20 fuels are examined for crude oil prices between USD 60 and USD 150 per barrel. Some fuel pathways can be competitive with oil as their production, transport and storage technology matures, and as oil price increases. Rising oil prices will offer new opportunities to switch to alternative fuels for transport, to diversify the energy mix of the transport sector, and to reduce the exposure of the whole system to price volatility and potential distuption of supply. In a time of uncertainty about the leading vehicle technology to decarbonize the transport sector, looking at the fuel cost brings key information to be considered to keep mobility affordable yet sustainable.

  5. Forecasting Long-Term Crude Oil Prices Using a Bayesian Model with Informative Priors

    Directory of Open Access Journals (Sweden)

    Chul-Yong Lee

    2017-01-01

    Full Text Available 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 oil market, using a subjective approach, and then updated with available market data. The model includes as independent variables factors affecting oil prices, such as world oil demand and supply, the financial situation, upstream costs, and geopolitical events. To test the model’s forecasting performance, it is compared with other models, including a linear ordinary least squares model and a neural network model. The proposed model outperforms on the forecasting performance test even though the neural network model shows the best results on a goodness-of-fit test. The results show that the crude oil price is estimated to increase to $169.3/Bbl by 2040.

  6. Price volatility, hedging and variable risk premium in the crude oil market

    Energy Technology Data Exchange (ETDEWEB)

    Ahmad Jalali-Naini [Institute for Education and Research in Management and Planning, Tehran (Iran); Maryam Kazemi Manesh [University of Mannheim (Germany)

    2006-06-15

    The crude oil price exhibits a high degree of volatility which varies significantly over time. Such characteristics imply that the oil market is a promising area for testing volatility models. Testing and predicting volatility using ARCH and GARCH models have grown in the literature. A useful application of the volatility models is in the formulation of hedging strategies. In this paper we compare the optimal hedge ratio for the crude oil using the classical minimum risk approach and use ARCH to incorporate the effect of heteroskedasticity in the residuals on the hedge ratio. In addition, we test for the existence of a variable risk premium in the crude oil market. We find that, assuming rational expectations, there is a non-zero risk premium. We test for the variability of the risk premia and find evidence in its support when we employed a multivariate GARCH model. (author)

  7. Density Forecasts of Crude-Oil Prices Using Option-Implied and ARCH-Type Models

    DEFF Research Database (Denmark)

    Tsiaras, Leonidas; Høg, Esben

      The predictive accuracy of competing crude-oil price forecast densities is investigated for the 1994-2006 period. Moving beyond standard ARCH models that rely exclusively on past returns, we examine the benefits of utilizing the forward-looking information that is embedded in the prices...... of derivative contracts. Risk-neutral densities, obtained from panels of crude-oil option prices, are adjusted to reflect real-world risks using either a parametric or a non-parametric calibration approach. The relative performance of the models is evaluated for the entire support of the density, as well...... as for regions and intervals that are of special interest for the economic agent. We find that non-parametric adjustments of risk-neutral density forecasts perform significantly better than their parametric counterparts. Goodness-of-fit tests and out-of-sample likelihood comparisons favor forecast densities...

  8. Density forecasts of crude-oil prices using option-implied and ARCH-type models

    DEFF Research Database (Denmark)

    Høg, Esben; Tsiaras, Leonicas

    2011-01-01

    The predictive accuracy of competing crude-oil price forecast densities is investigated for the 1994–2006 period. Moving beyond standard ARCH type models that rely exclusively on past returns, we examine the benefits of utilizing the forward-looking information that is embedded in the prices...... of derivative contracts. Risk-neutral densities, obtained from panels of crude-oil option prices, are adjusted to reflect real-world risks using either a parametric or a non-parametric calibration approach. The relative performance of the models is evaluated for the entire support of the density, as well...... as for regions and intervals that are of special interest for the economic agent. We find that non-parametric adjustments of risk-neutral density forecasts perform significantly better than their parametric counterparts. Goodness-of-fit tests and out-of-sample likelihood comparisons favor forecast densities...

  9. Rockets and Feathers: The Asymmetric Effect between China’s Refined Oil Prices and International Crude Oil Prices

    National Research Council Canada - National Science Library

    Yufeng Chen; Guobin Huang; Lihua Ma

    2017-01-01

    .... Our empirical results suggest that increases and decreases in international oil prices have asymmetric effects on both wholesale prices of gasoline and diesel fuel in China, and that both increases...

  10. Day-Ahead Crude Oil Price Forecasting Using a Novel Morphological Component Analysis Based Model

    Science.gov (United States)

    Zhu, Qing; Zou, Yingchao; Lai, Kin Keung

    2014-01-01

    As a typical nonlinear and dynamic system, the crude oil price movement is difficult to predict and its accurate forecasting remains the subject of intense research activity. Recent empirical evidence suggests that the multiscale data characteristics in the price movement are another important stylized fact. The incorporation of mixture of data characteristics in the time scale domain during the modelling process can lead to significant performance improvement. This paper proposes a novel morphological component analysis based hybrid methodology for modeling the multiscale heterogeneous characteristics of the price movement in the crude oil markets. Empirical studies in two representative benchmark crude oil markets reveal the existence of multiscale heterogeneous microdata structure. The significant performance improvement of the proposed algorithm incorporating the heterogeneous data characteristics, against benchmark random walk, ARMA, and SVR models, is also attributed to the innovative methodology proposed to incorporate this important stylized fact during the modelling process. Meanwhile, work in this paper offers additional insights into the heterogeneous market microstructure with economic viable interpretations. PMID:25061614

  11. Day-ahead crude oil price forecasting using a novel morphological component analysis based model.

    Science.gov (United States)

    Zhu, Qing; He, Kaijian; Zou, Yingchao; Lai, Kin Keung

    2014-01-01

    As a typical nonlinear and dynamic system, the crude oil price movement is difficult to predict and its accurate forecasting remains the subject of intense research activity. Recent empirical evidence suggests that the multiscale data characteristics in the price movement are another important stylized fact. The incorporation of mixture of data characteristics in the time scale domain during the modelling process can lead to significant performance improvement. This paper proposes a novel morphological component analysis based hybrid methodology for modeling the multiscale heterogeneous characteristics of the price movement in the crude oil markets. Empirical studies in two representative benchmark crude oil markets reveal the existence of multiscale heterogeneous microdata structure. The significant performance improvement of the proposed algorithm incorporating the heterogeneous data characteristics, against benchmark random walk, ARMA, and SVR models, is also attributed to the innovative methodology proposed to incorporate this important stylized fact during the modelling process. Meanwhile, work in this paper offers additional insights into the heterogeneous market microstructure with economic viable interpretations.

  12. THE LONG-RUN AND SHORT-RUN EFFECTS OF CRUDE OIL PRICE ON METHANOL MARKET IN IRAN

    Directory of Open Access Journals (Sweden)

    Akbar Komijani

    2013-01-01

    Full Text Available Substituting crude oil exports with value-added petrochemical products is one of the main strategies for policy makers in oil-driven economies to isolating the real sectors of economy from oil price volatility. This policy inclination has led to a body of literature in energy economics in recent decades. As a case study, this paper investigates the short-run and long-run relationship between Iran’s oil price and methanol price which is one of the most important non-oil exports of the oil-exporting country. To do so, the weekly data from 18 Jan. 2009 to 18 Sep. 2011 in a VECM framework is applied. The results show that in the long-run, oil price hikes leads to proportional increase in methanol price while in the short-run, this impact is not significant.

  13. Crude oil price forecasting based on hybridizing wavelet multiple linear regression model, particle swarm optimization techniques, and principal component analysis.

    Science.gov (United States)

    Shabri, Ani; Samsudin, Ruhaidah

    2014-01-01

    Crude oil prices do play significant role in the global economy and are a key input into option pricing formulas, portfolio allocation, and risk measurement. In this paper, a hybrid model integrating wavelet and multiple linear regressions (MLR) is proposed for crude oil price forecasting. In this model, Mallat wavelet transform is first selected to decompose an original time series into several subseries with different scale. Then, the principal component analysis (PCA) is used in processing subseries data in MLR for crude oil price forecasting. The particle swarm optimization (PSO) is used to adopt the optimal parameters of the MLR model. To assess the effectiveness of this model, daily crude oil market, West Texas Intermediate (WTI), has been used as the case study. Time series prediction capability performance of the WMLR model is compared with the MLR, ARIMA, and GARCH models using various statistics measures. The experimental results show that the proposed model outperforms the individual models in forecasting of the crude oil prices series.

  14. International evidence on crude oil price dynamics. Applications of ARIMA-GARCH models

    Energy Technology Data Exchange (ETDEWEB)

    Mohammadi, Hassan [Department of Economics, Illinois State University, Normal, IL 61790-4200 (United States); Su, Lixian [Graduate Student, Department of Economics, Illinois State University, Normal, IL 61790-4200 (United States)

    2010-09-15

    We examine the usefulness of several ARIMA-GARCH models for modeling and forecasting the conditional mean and volatility of weekly crude oil spot prices in eleven international markets over the 1/2/1997-10/3/2009 period. In particular, we investigate the out-of-sample forecasting performance of four volatility models - GARCH, EGARCH and APARCH and FIGARCH over January 2009 to October 2009. Forecasting results are somewhat mixed, but in most cases, the APARCH model outperforms the others. Also, conditional standard deviation captures the volatility in oil returns better than the traditional conditional variance. Finally, shocks to conditional volatility dissipate at an exponential rate, which is consistent with the covariance-stationary GARCH models than the slow hyperbolic rate implied by the FIGARCH alternative. (author)

  15. The relationship between crude oil spot and futures prices: Cointegration, linear and nonlinear causality

    Energy Technology Data Exchange (ETDEWEB)

    Bekiros, Stelios D.; Diks, Cees G.H. [Center for Nonlinear Dynamics in Economics and Finance (CeNDEF), Department of Quantitative Economics, University of Amsterdam, Roetersstraat 11, 1018 WB Amsterdam (Netherlands)

    2008-09-15

    The present study investigates the linear and nonlinear causal linkages between daily spot and futures prices for maturities of one, two, three and four months of West Texas Intermediate (WTI) crude oil. The data cover two periods October 1991-October 1999 and November 1999-October 2007, with the latter being significantly more turbulent. Apart from the conventional linear Granger test we apply a new nonparametric test for nonlinear causality by Diks and Panchenko after controlling for cointegration. In addition to the traditional pairwise analysis, we test for causality while correcting for the effects of the other variables. To check if any of the observed causality is strictly nonlinear in nature, we also examine the nonlinear causal relationships of VECM filtered residuals. Finally, we investigate the hypothesis of nonlinear non-causality after controlling for conditional heteroskedasticity in the data using a GARCH-BEKK model. Whilst the linear causal relationships disappear after VECM cointegration filtering, nonlinear causal linkages in some cases persist even after GARCH filtering in both periods. This indicates that spot and futures returns may exhibit asymmetric GARCH effects and/or statistically significant higher order conditional moments. Moreover, the results imply that if nonlinear effects are accounted for, neither market leads or lags the other consistently, videlicet the pattern of leads and lags changes over time. (author)

  16. A METHODOLOGY FOR THE CHOICE OF THE BEST FITTING CONTINUOUS-TIME STOCHASTIC MODELS OF CRUDE OIL PRICE: THE CASE OF RUSSIA

    Directory of Open Access Journals (Sweden)

    Hamidreza Mostafaei

    2013-01-01

    Full Text Available In this study, it has been attempted to select the best continuous- time stochastic model, in order to describe and forecast the oil price of Russia, by information and statistics about oil price that has been available for oil price in the past. For this purpose, method of The Maximum Likelihood Estimation is implemented for estimation of the parameters of continuous-time stochastic processes. The result of unit root test with a structural break, reveals that time series of the crude oil price is a stationary series. The simulation of continuous-time stochastic processes and the mean square error between the simulated prices and the market ones shows that the Geometric Brownian Motion is the best model for the Russian crude oil price.

  17. Time-frequency featured co-movement between the stock and prices of crude oil and gold

    Science.gov (United States)

    Huang, Shupei; An, Haizhong; Gao, Xiangyun; Huang, Xuan

    2016-02-01

    The nonlinear relationships among variables caused by the hidden frequency information complicate the time series analysis. To shed more light on this nonlinear issue, we examine their relationships in joint time-frequency domain with multivariate framework, and the analyses in the time domain and frequency domain serve as comparisons. The daily Brent oil prices, London gold fixing price and Shanghai Composite index from January 1991 to September 2014 are adopted as example. First, they have long-term cointegration relationship in time domain from holistic perspective. Second, the Granger causality tests in different frequency bands are heterogeneous. Finally, the comparison between results from wavelet coherence and multiple wavelet coherence in the joint time-frequency domain indicates that in the high (1-14 days) and medium frequency (14-128 days) bands, the combination of Brent and gold prices has stronger correlation with the stock. In the low frequency band (256-512 days), year 2003 is the structure broken point before which Brent and oil are ideal choice for hedging the risk of the stock market. Thus, this paper offers more details between the Chinese stock market and the commodities markets of crude oil and gold, which suggests that the decisions for different time and frequencies should consider the corresponding benchmark information.

  18. A Markov switching model of the conditional volatility of crude oil futures prices

    Energy Technology Data Exchange (ETDEWEB)

    Fong, Wai Mun; See, Kim Hock [Department of Finance and Accounting, National University of Singapore, 119260 Kent Ridge Cresent (Singapore)

    2002-01-01

    This paper examines the temporal behaviour of volatility of daily returns on crude oil futures using a generalised regime switching model that allows for abrupt changes in mean and variance, GARCH dynamics, basis-driven time-varying transition probabilities and conditional leptokurtosis. This flexible model enables us to capture many complex features of conditional volatility within a relatively parsimonious set-up. We show that regime shifts are clearly present in the data and dominate GARCH effects. Within the high volatility state, a negative basis is more likely to increase regime persistence than a positive basis, a finding which is consistent with previous empirical research on the theory of storage. The volatility regimes identified by our model correlate well with major events affecting supply and demand for oil. Out-of-sample tests indicate that the regime switching model performs noticeably better than non-switching models regardless of evaluation criteria. We conclude that regime switching models provide a useful framework for the financial historian interested in studying factors behind the evolution of volatility and to oil futures traders interested short-term volatility forecasts.

  19. White noise effects of U.S. crude oil spot prices on stock prices of a publicly traded company: A case study cross-correlation analysis based on green energy management theory

    Science.gov (United States)

    Roberts, Peter M.

    The purpose of this study was to examine white noise effects of U.S. crude oil spot prices on the stock prices of a green energy company. Epistemological, Phenomenological, Axiological and Ontological assumptions of Green Energy Management (GEM) Theory were utilized for selecting Air Products and Chemicals Inc. (APD) as the case study. Exxon Mobil (XOM) was used as a control for triangulation purposes. The period of time examined was between January of 1999 and December of 2008. Monthly stock prices for APD and XOM for the ten year period of time were collected from the New York Stock Exchange. Monthly U.S. crude oil spot prices for the ten year period of time were collected from the US Energy Information Administration. The data was entered into SPSS 17.0 software in order to conduct cross-correlation analysis. The six cross-correlation assumptions were satisfied in order to conduct a Cross-correlation Mirror Test (CCMT). The CCMT established the lag time direction and verified that U.S. crude oil spot prices serve as white noise for stock prices of APD and XOM. The Theory of Relative Weakness was employed in order to analyze the results. A 2 year period of time between December, 2006 and December, 2008 was examined. The correlation coefficient r = - .155 indicates that U.S. crude oil spot prices lead APD stock prices by 4 months. During the same 2 year period of time, U.S. crude oil spot prices lead XOM stock prices by 4 months at r = -.283. XOM stock prices and APD stock prices were positively correlated with 0 lag in time with a positive r = .566. The 4 month cycle was an exact match between APD stock prices, XOM stock prices and U.S. crude oil spot prices. The 4 month cycle was due to the random price fluctuation of U.S. crude oil spot prices that obscured the true stock prices of APD and XOM for the 2 year period of time.

  20. Modeling Asymmetric Volatility In Oil Prices

    National Research Council Canada - National Science Library

    Syed Aun Hassan

    2011-01-01

    .... The paper uses daily crude oil price data for the past 10 years to test and model the oil price volatility by fitting different variations of GARCH including a univariate asymmetric GARCH model to the series...

  1. Crude oil burning mechanisms

    DEFF Research Database (Denmark)

    van Gelderen, Laurens; Malmquist, L.M.V.; Jomaas, Grunde

    2015-01-01

    In order to improve predictions for the burning efficiency and the residue composition of in-situ burning of crude oil, the burning mechanism of crude oil was studied in relation to the composition of its hydrocarbon mixture, before, during and after the burning. The surface temperature, flame...... height, mass loss rate and residues of three hydrocarbon liquids (n-octane, dodecane and hexadecane), two crude oils (DUC and REBCO) and one hydrocarbon liquid mixture of the aforementioned hydrocarbon liquids were studied using the Crude Oil Flammability Apparatus. The experimental results were compared...... on the highest achievable oil slick temperature. Based on this mechanism, predictions can then be made depending on the hydrocarbon composition of the fuel and the measured surface temperature....

  2. Crude oil desulfurization

    Science.gov (United States)

    Kalvinskas, J. J.; Hsu, G. C.; Ernest, J. B. (Inventor)

    1982-01-01

    High sulfur crude oil is desulfurized by a low temperature (25-80 C.) chlorinolysis at ambient pressure in the absence of organic solvent or diluent but in the presence of water (water/oil=0.3) followed by a water and caustic wash to remove sulfur and chlorine containing reaction products. The process described can be practiced at a well site for the recovery of desulfurized oil used to generate steam for injection into the well for enhanced oil recovery.

  3. 10 CFR 212.78 - Tertiary incentive crude oil.

    Science.gov (United States)

    2010-01-01

    ... 10 Energy 3 2010-01-01 2010-01-01 false Tertiary incentive crude oil. 212.78 Section 212.78 Energy DEPARTMENT OF ENERGY OIL MANDATORY PETROLEUM PRICE REGULATIONS Producers of Crude Oil § 212.78 Tertiary incentive crude oil. Annual prepaid expenses report. By January 31 of each year after 1980, the project...

  4. Analysis of the impact of crude oil price fluctuations on China's stock market in different periods-Based on time series network model

    Science.gov (United States)

    An, Yang; Sun, Mei; Gao, Cuixia; Han, Dun; Li, Xiuming

    2018-02-01

    This paper studies the influence of Brent oil price fluctuations on the stock prices of China's two distinct blocks, namely, the petrochemical block and the electric equipment and new energy block, applying the Shannon entropy of information theory. The co-movement trend of crude oil price and stock prices is divided into different fluctuation patterns with the coarse-graining method. Then, the bivariate time series network model is established for the two blocks stock in five different periods. By joint analysis of the network-oriented metrics, the key modes and underlying evolutionary mechanisms were identified. The results show that the both networks have different fluctuation characteristics in different periods. Their co-movement patterns are clustered in some key modes and conversion intermediaries. The study not only reveals the lag effect of crude oil price fluctuations on the stock in Chinese industry blocks but also verifies the necessity of research on special periods, and suggests that the government should use different energy policies to stabilize market volatility in different periods. A new way is provided to study the unidirectional influence between multiple variables or complex time series.

  5. Methods of analyzing crude oil

    Science.gov (United States)

    Cooks, Robert Graham; Jjunju, Fred Paul Mark; Li, Anyin; Rogan, Iman S.

    2017-08-15

    The invention generally relates to methods of analyzing crude oil. In certain embodiments, methods of the invention involve obtaining a crude oil sample, and subjecting the crude oil sample to mass spectrometry analysis. In certain embodiments, the method is performed without any sample pre-purification steps.

  6. Crude oil burning mechanisms

    DEFF Research Database (Denmark)

    van Gelderen, Laurens; Malmquist, Linus Mattias Valdemar; Jomaas, Grunde

    2015-01-01

    In order to improve predictions for the burning efficiency and the residue composition of in-situ burning of crude oil, the burning mechanism of crude oil was studied in relation to the composition of its hydrocarbon mixture, before, during and after the burning. The surface temperature, flame...... to the predictions of four conceptual models that describe the burning mechanism of multicomponent fuels. Based on the comparisons, hydrocarbon liquids were found to be best described by the Equilibrium Flash Vaporization model, showing a constant gas composition and gasification rate. The multicomponent fuels...... followed the diffusion-limited gasification model, showing a change in the hydrocarbon composition of the fuel and its evaporating gases, as well as a decreasing gasification rate, as the burning progressed. This burning mechanism implies that the residue composition and burning efficiency mainly depend...

  7. The Effects of Commodities and Financial Markets on Crude Oil

    Directory of Open Access Journals (Sweden)

    Galyfianakis Georgios

    2017-01-01

    Full Text Available Investigating crude oil price volatility is crucial, because crude oil price certainly affects the economy through many channels. This study applies a Vector Auto Regression (VAR model to examine the impact of crude oil market on basic commodities, financial markets and industrial production. We find that the production in the US economy has an important effect on the crude oil prices. In addition we noticed a higher increase in crude oil price volatility after a large negative shock, contrary to a large positive one. Also, it was found that, in the short-run, oil price volatility is not influenced by short-run interest rates or industrial production. An adverse linkage between crude oil prices and industrial production has been proved confirming the economic theorists claiming that there is a close linkage between oil price shocks and economic activity. Finally, our findings indicate that there is Granger causality between crude oil and the endogenous variables used in the Granger causality framework.

  8. Buyer panic in crude oil seen easing

    Energy Technology Data Exchange (ETDEWEB)

    Schneidawind, J.

    1979-11-12

    The crude oil spot market declined after events in Iran precipitated stockpiling, while Iranian production cutbacks were smaller than anticipated. A growing spot market is affecting world oil prices with spot prices of $40 to $50 a barrel recorded during early November 1979. Larger stockpiles, however, will compensate for the projected supply cuts and a glut of residual fuels has helped to push prices back down. Some analysts feel that increased Saudi Arabian production is the key supply factor, while others question whether the Iranian cutback was directly ordered by the Ayatollah Khomeini.

  9. Forecasting volatility of crude oil markets

    Energy Technology Data Exchange (ETDEWEB)

    Kang, Sang Hoon [Department of Business Administration, Gyeongsang National University, Jinju, 660-701 (Korea); Kang, Sang-Mok; Yoon, Seong-Min [Department of Economics, Pusan National University, Busan, 609-735 (Korea)

    2009-01-15

    This article investigates the efficacy of a volatility model for three crude oil markets - Brent, Dubai, and West Texas Intermediate (WTI) - with regard to its ability to forecast and identify volatility stylized facts, in particular volatility persistence or long memory. In this context, we assess persistence in the volatility of the three crude oil prices using conditional volatility models. The CGARCH and FIGARCH models are better equipped to capture persistence than are the GARCH and IGARCH models. The CGARCH and FIGARCH models also provide superior performance in out-of-sample volatility forecasts. We conclude that the CGARCH and FIGARCH models are useful for modeling and forecasting persistence in the volatility of crude oil prices. (author)

  10. Estimating 'Value at Risk' of crude oil price and its spillover effect using the GED-GARCH approach

    Energy Technology Data Exchange (ETDEWEB)

    Fan, Ying; Wei, Yi-Ming [Center for Energy and Environmental Policy Research, Institute of Policy and Management, Chinese Academy of Sciences, Beijing, 100080 (China); Zhang, Yue-Jun [Center for Energy and Environmental Policy Research, Institute of Policy and Management, Chinese Academy of Sciences, Beijing, 100080 (China); Graduate University of the Chinese Academy of Sciences, Beijing, 100080 (China); Tsai, Hsien-Tang [College of Management, National Sun Yat-sen University, Kaohsiung 80424 (China)

    2008-11-15

    Estimation has been carried out using GARCH-type models, based on the Generalized Error Distribution (GED), for both the extreme downside and upside Value-at-Risks (VaR) of returns in the WTI and Brent crude oil spot markets. Furthermore, according to a new concept of Granger causality in risk, a kernel-based test is proposed to detect extreme risk spillover effect between the two oil markets. Results of an empirical study indicate that the GED-GARCH-based VaR approach appears more effective than the well-recognized HSAF (i.e. historical simulation with ARMA forecasts). Moreover, this approach is also more realistic and comprehensive than the standard normal distribution-based VaR model that is commonly used. Results reveal that there is significant two-way risk spillover effect between WTI and Brent markets. Supplementary study indicates that at the 99% confidence level, when negative market news arises that brings about a slump in oil price return, historical information on risk in the WTI market helps to forecast the Brent market. Conversely, it is not the case when positive news occurs and returns rise. Historical information on risk in the two markets can facilitate forecasts of future extreme market risks for each other. These results are valuable for anyone who needs evaluation and forecasts of the risk situation in international crude oil markets. (author)

  11. The spatiotemporal dynamic analysis of the implied market information and characteristics of the correlation coefficient matrix of the international crude oil price returns

    Energy Technology Data Exchange (ETDEWEB)

    Tian, Lixin [Jiangsu University, Energy Development and Environmental Protection Strategy Research Center, Zhenjiang, Jiangsu (China); Nanjing Normal University, School of Mathematical Sciences, Nanjing, Jiangsu (China); Ding, Zhenqi; Zhen, Zaili [Jiangsu University, Energy Development and Environmental Protection Strategy Research Center, Zhenjiang, Jiangsu (China); Wang, Minggang [Nanjing Normal University, School of Mathematical Sciences, Nanjing, Jiangsu (China)

    2016-08-15

    The international crude oil market plays a crucial role in economies, and the studies of the correlation, risk and synchronization of the international crude oil market have important implications for the security and stability of the country, avoidance of business risk and people's daily lives. We investigate the information and characteristics of the international crude oil market (1999-2015) based on the random matrix theory (RMT). Firstly, we identify richer information in the largest eigenvalues deviating from RMT predictions for the international crude oil market; the international crude oil market can be roughly divided into ten different periods by the methods of eigenvectors and characteristic combination, and the implied market information of the correlation coefficient matrix is advanced. Secondly, we study the characteristics of the international crude oil market by the methods of system risk entropy, dynamic synchronous ratio, dynamic non-synchronous ratio and dynamic clustering algorithm. The results show that the international crude oil market is full of risk. The synchronization of the international crude oil market is very strong, and WTI and Brent occupy a very important position in the international crude oil market. (orig.)

  12. Modeling the Effect of Oil Price on Global Fertilizer Prices

    NARCIS (Netherlands)

    P-Y. Chen (Ping-Yu); C-L. Chang (Chia-Lin); C-C. Chen (Chi-Chung); M.J. McAleer (Michael)

    2010-01-01

    textabstractThe main purpose of this paper is to evaluate the effect of crude oil price on global fertilizer prices in both the mean and volatility. The endogenous structural breakpoint unit root test, the autoregressive distributed lag (ARDL) model, and alternative volatility models, including the

  13. Ham Petrol Fiyatlarındaki Volatilitenin Gayri Safi Yurtiçi Hasıla Büyümesi Üzerindeki Etkileri: Türkiye Örneği( The Effects on Gross Domestic Product Growth of Crude Oil Price Volatility: A Case Study for Turkey

    Directory of Open Access Journals (Sweden)

    Arif ÖZSAĞIR

    2011-01-01

    Full Text Available In this paper, the relationship between international crude oil prices and GDP growth in Turkey was studied for 1987-2007 period. Crude oil prices with reference to the study,. Include annual average data. GDP data was obtained from Central Bank of Turkish as US dolar. With a view to display cointegration relationship between the data, Angle Granger and Johansen methods were applied. Notwithstanding, the results were inquired with VAR method. In the meanwhile; Dickey Fuller, Unit Root and Modified Akaike tests were executed too. Crude oil prices volatility effects on GDP growth, and also affect in question has appeared especially as from the second period (1997-2007.

  14. Volatility spillovers in US crude oil, ethanol, and corn futures markets

    NARCIS (Netherlands)

    Trujillo Barrera, A.A.; Mallory, M.; Garcia, P.

    2012-01-01

    This article analyzes recent volatility spillovers in the United States from crude oil using futures prices. Crude oil spillovers to both corn and ethanol markets are somewhat similar in timing and magnitude, but moderately stronger to the ethanol market. The shares of corn and ethanol price

  15. Electric Cars and Oil Prices

    OpenAIRE

    Azar, Jose

    2009-01-01

    This paper studies the joint dynamics of oil prices and interest in electric cars, measured as the volume of Google searches for related phrases. Not surprisingly, I find that oil price shocks predict increases in Google searches for electric cars. Much more surprisingly, I also find that an increase in Google searches predicts declines in oil prices. The high level of public interest in electric cars between April and August of 2008 can explain approximately half of the decline in oil prices...

  16. Crude oil to ethylene in one step

    Energy Technology Data Exchange (ETDEWEB)

    Kirk, R.O.

    1983-02-01

    Reports that the most important feature of the partial combustion cracking (PCC) process is its ability to convert heavy petroleum fractions to light olefins with minimum residue. Presents diagram of the PCC process; graph of feedstock cost vs. return on investment (ROI); and tables with average ethylene yields, cracking yields, and PCC vs. LPG and naphtha cracking. Finds that the 10% difference in capital between the PCC and the naphtha feed case is due mainly to the cost of the acid gas and sulfur handling sections required for the PCC, but not for a naphtha cracker. The very favorable ROI and ethylene costs are due to the relative difference in feedstock pricing. Sensitivity of ROI to changes in feedstock was also studied for the PCC cases. The ratio of cost of high-sulfur fuel oil (HSFO) to average crude price is used to indicate the substantial effect of feedstock price on the attractiveness of the project. Concludes that with HSFO at 85 to 100% of crude value, the PCC represents an excellent investment for future ethylene needs.

  17. AN INVESTIGATION OF SOME HEDGING STRATEGIES FOR CRUDE OIL MARKET

    Directory of Open Access Journals (Sweden)

    Andre Assis de Salles

    2013-01-01

    Full Text Available This paper examines the performance of bivariate volatility models for the crude oil spot and future returns of the WTI type barrel prices. Besides the volatility of spot and future crude oil barrel returns time series, the hedge ratio strategy is examined through the hedge effectiveness. Thus this study shows hedge strategies built using methodologies applied in the variance modelling of returns of crude oil prices in the spot and future markets, and covariance between these two market returns, which correspond to the inputs of the hedge strategy shown in this work. From the studied models the bivariate GARCH in a Diagonal VECH and BEKK representations was chosen, using three different models for the mean: a bivariate autoregressive, a vector autoregressive and a vector error correction. The methodologies used here take into consideration the denial of assumptions of homoscedasticity and normality for the return distributions making them more realistic.

  18. Oil prices are still too high

    Energy Technology Data Exchange (ETDEWEB)

    Tussing, A.R.

    1985-01-01

    Despite logical premises than the constant-dollar price of oil will surpass and sustain all-time peaks, there is empirical evidence that the Malthus-Hotelling vision does not describe what really happens to production, consumption, and prices of natural resource commodities. Neither oil nor any important internationally traded commodity has ever shown a sustained upward price trend lasting more than a couple of decades. The payoff is just beginning on the investments, both in hardware and in sophistication, that society made over the last decade to conserve energy. The buyer's market in crude oil should continue for a number of years because these investments are reducing demand, making demand more flexible, and making supply more competitive.

  19. Sensitivity of stock market indices to oil prices: Evidence from manufacturing sub-sectors in Turkey

    Directory of Open Access Journals (Sweden)

    Eksi Halil Ibrahim

    2012-01-01

    Full Text Available Crude oil price is a critical cost factor for manufacturing industries that are of vital importance for economic growth. This study examines the relationship between crude oil prices and the indices of seven Turkish manufacturing sub-sectors over the period 1997:01-2009:12. The error correction model results reveal the long term causality from crude oil prices to chemical petroleum-plastic and basic metal sub-sectors indicating that these sub-sectors are highly sensitive to crude oil prices. We find no causal relationship for other sector indices for short or long time periods.

  20. Oil Prices, Exhaustible Resources, and Economic Growth

    Science.gov (United States)

    Hamilton, J. D.

    2012-12-01

    This talk explores details behind the phenomenal increase in global crude oil production over the last century and a half and the implications if that trend should be reversed. I document that a key feature of the growth in production has been exploitation of new geographic areas rather than application of better technology to existing sources, and suggest that the end of that era could come soon. The economic dislocations that historically followed temporary oil supply disruptions are reviewed, and the possible implications of that experience for what the transition era could look like are explored.nnual crude oil production (in thousands of barrels per year) from the states of Pennsylvania and New York combined, 1860-2010. ashed line: actual value for real GDP, 2007-2009. Red line: dynamic conditional forecast as of 2007:Q3 (1- to 5-quarters ahead) based on oil prices using equation (3.8) in Hamilton (2003)

  1. Measuring efficiency of international crude oil markets: A multifractality approach

    Science.gov (United States)

    Niere, H. M.

    2015-01-01

    The three major international crude oil markets are treated as complex systems and their multifractal properties are explored. The study covers daily prices of Brent crude, OPEC reference basket and West Texas Intermediate (WTI) crude from January 2, 2003 to January 2, 2014. A multifractal detrended fluctuation analysis (MFDFA) is employed to extract the generalized Hurst exponents in each of the time series. The generalized Hurst exponent is used to measure the degree of multifractality which in turn is used to quantify the efficiency of the three international crude oil markets. To identify whether the source of multifractality is long-range correlations or broad fat-tail distributions, shuffled data and surrogated data corresponding to each of the time series are generated. Shuffled data are obtained by randomizing the order of the price returns data. This will destroy any long-range correlation of the time series. Surrogated data is produced using the Fourier-Detrended Fluctuation Analysis (F-DFA). This is done by randomizing the phases of the price returns data in Fourier space. This will normalize the distribution of the time series. The study found that for the three crude oil markets, there is a strong dependence of the generalized Hurst exponents with respect to the order of fluctuations. This shows that the daily price time series of the markets under study have signs of multifractality. Using the degree of multifractality as a measure of efficiency, the results show that WTI is the most efficient while OPEC is the least efficient market. This implies that OPEC has the highest likelihood to be manipulated among the three markets. This reflects the fact that Brent and WTI is a very competitive market hence, it has a higher level of complexity compared against OPEC, which has a large monopoly power. Comparing with shuffled data and surrogated data, the findings suggest that for all the three crude oil markets, the multifractality is mainly due to long

  2. Oil price and food price volatility dynamics: The case of Nigeria

    Directory of Open Access Journals (Sweden)

    Ijeoma C. Nwoko

    2016-12-01

    Full Text Available This study examines the long and short run relationships between oil price and food price volatility as well as the causal link between them. The study used annual food price volatility index from FAO from 2000 to 2013 and crude oil price from U.S. Energy Information and Administration (EIA from 2000 to 2013. The Johansen and Jesulius co-integration test revealed that there is a long run relationship between oil price and domestic food price volatility. The vector error correction model indicated a positive and significant short run relationship between oil price and food price volatility. The Granger causality test revealed a unidirectional causality with causality running from oil price to food price volatility but not vice versa. It is recommended that policies and interventions that will help reduce uncertainty about food prices such as improved market information, trade policies and investment in research and development among others should be encouraged. Also to reduce the effect of oil price shock, it is recommended that government should subsidise pump price of refined oil, seek alternative sources of energy and there should be less dependence on oil for fertilizer production.

  3. Effect of oil price on Nigeria’s food price volatility

    Directory of Open Access Journals (Sweden)

    Ijeoma C. Nwoko

    2016-12-01

    Full Text Available This study examines the effect of oil price on the volatility of food price in Nigeria. It specifically considers the long-run, short-run, and causal relationship between these variables. Annual data on oil price and individual prices of maize, rice, sorghum, soya beans, and wheat spanning from 2000 to 2013 were used. The price volatility for each crop was obtained using Generalized Autoregressive Conditional Heteroskedascity (GARCH (1, 1 model. Our measure of oil price is the Refiner acquisition cost of imported crude oil. The Augmented Dickey–Fuller and Phillip–Perron unit root tests show that all the variables are integrated of order one, I (1. Therefore, we use the Johansen co-integration test to examine the long-run relationship. Our results show that there is no long-run relationship between oil price and any of the individual food price volatility. Thus, we implement a VAR instead of a VECM to investigate the short-run relationship. The VAR model result revealed a positive and significant short-run relationship between oil price and each of the selected food price volatility with exception of that of rice and wheat price volatility. These results were further confirmed by the impulse response functions. The Granger causality test result indicates a unidirectional causality from oil price to maize, soya bean, and sorghum price volatilities but does not show such relationship for rice and wheat price volatilities. We draw some policy implications of these findings.

  4. Oil price and the dollar

    Energy Technology Data Exchange (ETDEWEB)

    Coudert, V. [Banque de France, Paris (France); Mignon, V. [Paris Univ., Paris (France). Economix-CNRS; Penot, A. [Lyon Univ., Lyon (France). CNRS

    2007-10-01

    Oil prices and the United States (US) dollar exchange rate are driving the evolution of the world economy. This paper investigated long-term relationships between oil prices and the US effective exchange rate. An empirical study was performed on oil prices and the dollar real effective exchange rate between 1974 to 2004. The impact of the dollar exchange rate was also explored, and the effects of oil prices on supply and demand were considered. A dynamic partial equilibrium framework study was evaluated in order to compare how other countries used revenues from oil exports in dollars. The study showed that both variables had similar evolutions when price fluctuations were low. Strong increases in the dollar were associated with lower oil prices. However, adjustment speeds of the dollar real effective exchange rate was slow. Co-integration and causality tests showed that oil prices influenced the exchange rate, and that the link between the 2 variables was transmitted through the country's net foreign asset position. It was concluded that higher oil prices improved US net foreign asset position in relation to other countries, and had a positive impact on dollar appreciation. 24 refs., 6 tabs., 1 fig.

  5. The response of macro variables of emerging and developed oil importers to oil price movements

    OpenAIRE

    Taghizadeh-Hesary, Farhad; Yoshino, Naoyuki; Hossein Abadi, Majid Mohammadi; Farboudmanesh, Rosa

    2015-01-01

    This paper assesses the impact of crude oil price movements on two macro variables - the gross domestic product (GDP) growth rate and consumer price index inflation rate - in the developed economies of the United States and Japan, and an emerging economy, the People's Republic of China (PRC). These countries were chosen for this research because they are the world's three largest oil consumers. The main objective of this study is to see whether these economies are still reactive to oil price ...

  6. Modelling the Effects of Oil Prices on Global Fertilizer Prices and Volatility

    NARCIS (Netherlands)

    C-L. Chang (Chia-Lin); C-C. Chen (Chi-Chung); M.J. McAleer (Michael); P-Y. Chen (Ping-Yu)

    2013-01-01

    textabstractThe main purpose of this paper is to evaluate the effect of crude oil price on global fertilizer prices in both the mean and volatility. The endogenous structural breakpoint unit root test, ARDL model, and alternative volatility models, including GARCH, EGARCH, and GJR models, are used

  7. A study on chaos in crude oil markets before and after 2008 international financial crisis

    Science.gov (United States)

    Lahmiri, Salim

    2017-01-01

    The purpose of this study is to investigate existence of chaos in crude oil markets (Brent and WTI) before and after recent 2008 international financial crisis. Largest Lyapunov exponent is estimated for prices, returns, and volatilities. The empirical results show strong evidence that chaos does not exist in prices and returns in both crude oil markets before and after international crisis. However, we find strong evidence of chaotic dynamics in both Brent and WTI volatilities after international financial crisis.

  8. Rate of biodegradation of crude oil by microorganisms isolated from ...

    African Journals Online (AJOL)

    STORAGESEVER

    2008-12-17

    Dec 17, 2008 ... The rate of biodegradation of crude oil by micro-organisms isolated from crude oil sludge environment in Eket, Akwa Ibom State of Nigeria was studied. Mineral salt medium supplemented with crude oil was used and three most abundant species isolated from a crude oil sludged soil - Micrococcus varians,.

  9. Rate of biodegradation of crude oil by microorganisms isolated from ...

    African Journals Online (AJOL)

    The rate of biodegradation of crude oil by micro-organisms isolated from crude oil sludge environment in Eket, Akwa Ibom State of Nigeria was studied. Mineral salt medium supplemented with crude oil was used and three most abundant species isolated from a crude oil sludged soil - Micrococcus varians, Bacillus subtilis ...

  10. Tariff Impact on the Domestic Price of Vegetable Oil in Iran and the Associated Issues

    Directory of Open Access Journals (Sweden)

    omid gilanpour

    2015-05-01

    Full Text Available This study uses vector error correction model to examine the effects of oilseeds, crude oil and vegetable oil tariffs on vegetable oil consumer price. Monthly data sets for the years 2004-2013 and VAR and VECM models were applied for this study. Research findings indicates only a long term equilibrium relation between the study variables .The effect of vegetable oil tariffs on consumer and producer price index are 0.4 and 0.07, respectively. Furthermore, one percent increase in the oil seeds and crude oil tariff, will increase consumer prices by 2.35, 0.19percent. The huge gap between the impacts of the two tariffs –e.g. oilseeds and crude oil tariffs- on consumer price shows that oil industries work with low efficiency. This practically doubles the impact of tariff on consumers. Accordingly, structural reform in the oil industry can develop oil production and prevent additional burden upon the consumer price.

  11. Pengaruh Penambahan Kosubstrat pada Biodegradasi Crude Oil

    Directory of Open Access Journals (Sweden)

    Any Juliani

    2016-06-01

    Full Text Available Kegiatan penambangan minyak bumi tidak hanya dilakukan oleh perusahaan-perusahaan besar, tetapi juga oleh masyarakat secara tradisional. Potensi pencemaran lingkungan yang ditimbulkan oleh kegiatan penambangan rakyat ini menjadi lebih tinggi karena pengelolaannya yang tradisional. Salah satu jenis pencemaran yang ditimbulkannya misalnya adalah tanah atau perairan yang tercemar oleh minyak bumi (crude oil pada saat berlangsungnya kegiatan penambangan. Salah satu upaya untuk dapat mengatasinya adalah dengan bioremediasi. Bioremediasi merupakan teknologi pengolahan pencemar dengan memanfaatkan aktivitas mikroba, terutama dari golongan bakteri. Bioremediasi tersebut harus melibatkan bakteri yang memiliki kapasitas metabolic untuk melakukan biodegradasi terhadap crude oil tersebut. Crude oil sendiri pada dasarnya merupakan senyawa hidrokarbon yang merupakan sumber karbon yang kaya bagi mikroba. Namun demikian, biodegradasi crude oil relative lebih sulit dilakukan karena karakteristiknya yang merupakan senyawa dengan berat molekul dan ukuran yang besar. Oleh karena itu penambahan kosubstrat yang lebih sederhana dapat dilakukan untuk membantu biodegradasi terutama pada tahap awal proses. Penelitian ini dilakukan untuk mengetahui pengaruh penambahan kosubstrat dalam hal ini glukosa terhadap biodegradasi crude oil. Penelitian dilakukan dalam media cair dengan bioaugmentasi melalui penambahan inoculum bakteri yang diisolasi dari tanah yang dikondisikan terhadap crude oil dalam beberapa variasi reactor. Indikasi terjadinya biodegradasi diperiksa melalui pengukuran terhadap parameter Total Petroleum Hydrocarbon (TPH dan Total Plate Count (TPC. Hasil penelitian menunjukkan bahwa penambahan kosubstrat glukosa memberikan pengaruh positif terhadap penurunan TPH. Penurunan TPH tertinggi setelah 28 hari adalah sebesar 25,3 % yang diberikan oleh reactor dengan penambahan kosubstrat serta konsentrasi crude oil awal sebesar 8.1 %. Sementara itu reactor tanpa

  12. Modelling and Simulation of Crude Oil Dispersion

    Directory of Open Access Journals (Sweden)

    Abdulfatai JIMOH

    2006-01-01

    Full Text Available This research work was carried out to develop a model equation for the dispersion of crude oil in water. Seven different crude oils (Bonny Light, Antan Terminal, Bonny Medium, Qua Iboe Light, Brass Light Mbede, Forcados Blend and Heavy H were used as the subject crude oils. The developed model equation in this project which is given as...It was developed starting from the equation for the oil dispersion rate in water which is given as...The developed equation was then simulated with the aid of MathCAD 2000 Professional software. The experimental and model results obtained from the simulation of the model equation were plotted on the same axis against time of dispersion. The model results revealed close fittings between the experimental and the model results because the correlation coefficients and the r-square values calculated using Spreadsheet Program were both found to be unity (1.00.

  13. Waxy crude oil flow restart ability

    Energy Technology Data Exchange (ETDEWEB)

    Sierra, Andre Gaona; Varges, Priscilla Ribeiro; Mendes, Paulo Roberto de Souza [Dept. of Mechanical Engineering. Pontificia Universidade Catolica do Rio de Janeiro, RJ (Brazil)], e-mails: prvarges@puc-rio.br, pmendes@puc-rio.br; Ziglio, Claudio [PETROBRAS S.A, R.J., Rio de Janeiro, RJ (Brazil)], e-mail: ziglio@petrobras.com.br

    2010-07-01

    Under the hot reservoir conditions, waxy crudes behave like Newtonian fluids but once they experience very cold temperatures on the sea floor, the heavy paraffin's begin to precipitate from the solution impacting non- Newtonian flow behavior to the crude (Chang 2000, Lee 2009, Davidson 2004) and begin to deposit on the pipe wall leave blocked of pipeline. This gel cannot be broken with the original steady state flow operating pressure applied before gelation (Chang 1998). Restarting waxy crude oil flows in pipelines is a difficult issue because of the complex rheological behavior of the gelled oil. Indeed, below the WAT, the gelled oil exhibits viscoplastic, thixotropic, temperature-dependent, and compressible properties due to the interlocking gel-like structure formed by the crystallized paraffin compounds and the thermal shrinkage of the oil. The main objective of this work is to determine the minimal pressure to restart the flow, and the relationship between the fluid rheology , pipe geometry and the restart pressure of the flow. Experiments will be performed to investigate the displacement of carbopol aqueous solutions (viscoplastic fluid without thixotropic effects) by Newtonian oil flowing through a strait pipe to validate the experimental apparatus. Therefore, tests will be made with different fluids, like Laponite and waxy crude oils. (author)

  14. Leadership Strategies for Maintaining Profitability in a Volatile Crude Oil Market

    Science.gov (United States)

    Braimoh, Lucky Anderson

    Volatile crude oil prices significantly affect the profitability of crude oil firms. The purpose of this single case study was to explore strategies some crude oil and gas business leaders used to remain profitable during periods of crude oil price volatility. The target population comprised 8 crude oil and gas business leaders located in Calgary, Canada, whose company remained profitable despite crude oil price volatility. The transformational leadership theory formed the conceptual framework for the study. Data were collected through the use of semistructured face-to-face interviews, company reports, and field notes. Data analysis involved a modified Van Kamm method, which included descriptive coding, a sequential review of the interview transcripts, and member checking. Based on methodological triangulation and thematic analysis, 5 themes emerged from the study, including communication and engagement; motivation and empowerment; measurement, monitoring, and control; self-awareness and humility; and efficiency and optimization. The implications for social change include the potential for crude oil and gas companies in Calgary, Canada to manage production costs, ensure earnings and profitability, and thus improve the socioeconomic well-being of Calgary indigenes through improved employment opportunities.

  15. Chemical composition of Pechora Sea crude oil

    Directory of Open Access Journals (Sweden)

    Derkach S. R.

    2017-03-01

    Full Text Available The physicochemical properties of the Pechora Sea shelf oil and its chemical composition have been studied using the methods of refractometry, titrimetry, viscometry, rheometry and standard methods for the analysis of oil and petroleum products. The fractionation of oil is held at atmospheric pressure, some fractions boiling at the temperature below and above 211 °C have been received. Chemical structural-group composition of oil and its components has been investigated using a Fourier infrared (IR spectroscopy method. The density of oil has been obtained, it is equal to 24.2 API. The chemical composition analysis shows that water content in the investigated oil sample is about 0.03 % (by weight. The oil sample contains hydrocarbons (including alkanes, naphthenes, arenes and asphaltenes with resins; their content is equal to 89 and 10 % (by weight respectively. Alkane content is about 66 %, including alkanes of normal structure – about 37 %. The solidification temperature of oil sample is equal to –43 °C. This low temperature testifies obliquely low content of solid alkanes (paraffin. Bearing in mind the content of asphaltenes with resins we can refer the investigated oil sample to resinous oils. On the other hand spectral coefficient values (aromaticity quotient and aliphaticity quotient show that oil sample belongs to naphthenic oils. According to the data of Fourier IR spectroscopy contents of naphthenes and arenes are 5.9 and 17.8 % respectively. Thus, the obtained data of chemical structural-group composition of crude oil and its fractions indicate that this oil belongs to the heavy resinous naphthenic oils. The rheological parameters obtained at the shear deformation conditions characterize the crude oil as a visco-plastic medium.

  16. Essays on oil price volatility and irreversible investment

    Science.gov (United States)

    Pastor, Daniel J.

    In chapter 1, we provide an extensive and systematic evaluation of the relative forecasting performance of several models for the volatility of daily spot crude oil prices. Empirical research over the past decades has uncovered significant gains in forecasting performance of Markov Switching GARCH models over GARCH models for the volatility of financial assets and crude oil futures. We find that, for spot oil price returns, non-switching models perform better in the short run, whereas switching models tend to do better at longer horizons. In chapter 2, I investigate the impact of volatility on firms' irreversible investment decisions using real options theory. Cost incurred in oil drilling is considered sunk cost, thus irreversible. I collect detailed data on onshore, development oil well drilling on the North Slope of Alaska from 2003 to 2014. Volatility is modeled by constructing GARCH, EGARCH, and GJR-GARCH forecasts based on monthly real oil prices, and realized volatility from 5-minute intraday returns of oil futures prices. Using a duration model, I show that oil price volatility generally has a negative relationship with the hazard rate of drilling an oil well both when aggregating all the fields, and in individual fields.

  17. Volatile hydrocarbons inhibit methanogenic crude oil degradation

    Directory of Open Access Journals (Sweden)

    Angela eSherry

    2014-04-01

    Full Text Available Methanogenic degradation of crude oil in subsurface sediments occurs slowly, but without the need for exogenous electron acceptors, is sustained for long periods and has enormous economic and environmental consequences. Here we show that volatile hydrocarbons are inhibitory to methanogenic oil biodegradation by comparing degradation of an artificially weathered crude oil with volatile hydrocarbons removed, with the same oil that was not weathered. Volatile hydrocarbons (nC5-nC10, methylcyclohexane, benzene, toluene and xylenes were quantified in the headspace of microcosms. Aliphatic (n-alkanes nC12-nC34 and aromatic hydrocarbons (4-methylbiphenyl, 3-methylbiphenyl, 2-methylnaphthalene, 1-methylnaphthalene were quantified in the total hydrocarbon fraction extracted from the microcosms. 16S rRNA genes from key microorganisms known to play an important role in methanogenic alkane degradation (Smithella and Methanomicrobiales were quantified by quantitative PCR. Methane production from degradation of weathered oil in microcosms was rapid (1.1 ± 0.1 µmol CH4/g sediment/day with stoichiometric yields consistent with degradation of heavier n-alkanes (nC12-nC34. For non-weathered oil, degradation rates in microcosms were significantly lower (0.4 ± 0.3 µmol CH4/g sediment/day. This indicated that volatile hydrocarbons present in the non-weathered oil inhibit, but do not completely halt, methanogenic alkane biodegradation. These findings are significant with respect to rates of biodegradation of crude oils with abundant volatile hydrocarbons in anoxic, sulphate-depleted subsurface environments, such as contaminated marine sediments which have been entrained below the sulfate-reduction zone, as well as crude oil biodegradation in petroleum reservoirs and contaminated aquifers.

  18. Oil Price Volatility and Economic Growth in Nigeria: a Vector Auto-Regression (VAR Approach

    Directory of Open Access Journals (Sweden)

    Edesiri Godsday Okoro

    2014-02-01

    Full Text Available The study examined oil price volatility and economic growth in Nigeria linking oil price volatility, crude oil prices, oil revenue and Gross Domestic Product. Using quarterly data sourced from the Central Bank of Nigeria (CBN Statistical Bulletin and World Bank Indicators (various issues spanning 1980-2010, a non‐linear model of oil price volatility and economic growth was estimated using the VAR technique. The study revealed that oil price volatility has significantly influenced the level of economic growth in Nigeria although; the result additionally indicated a negative relationship between the oil price volatility and the level of economic growth. Furthermore, the result also showed that the Nigerian economy survived on crude oil, to such extent that the country‘s budget is tied to particular price of crude oil. This is not a good sign for a developing economy, more so that the country relies almost entirely on revenue of the oil sector as a source of foreign exchange earnings. This therefore portends some dangers for the economic survival of Nigeria. It was recommended amongst others that there should be a strong need for policy makers to focus on policy that will strengthen/stabilize the economy with specific focus on alternative sources of government revenue. Finally, there should be reduction in monetization of crude oil receipts (fiscal discipline, aggressive saving of proceeds from oil booms in future in order to withstand vicissitudes of oil price volatility in future.

  19. Transesterification of Crude Jatropha Curcaslinnaeus Oil Catalyzed ...

    African Journals Online (AJOL)

    Transesterification of crude jatropha oil with methanol was investigated using a heterogeneous catalyst derived from waste marble. The barium enhanced waste marble catalyst was prepared via precipitation/impregnation methods and showed high performance to methyl ester conversion when calcined at 830 oC for 4 h.

  20. 15 CFR 754.2 - Crude oil.

    Science.gov (United States)

    2010-01-01

    ..., Office of National Security and Technology Transfer Controls, Bureau of Industry and Security, U.S... INDUSTRY AND SECURITY, DEPARTMENT OF COMMERCE EXPORT ADMINISTRATION REGULATIONS SHORT SUPPLY CONTROLS § 754... export of crude oil to all destinations, including Canada. See paragraph (h) of this section for a...

  1. Compositional modification of crude oil during oil recovery

    Energy Technology Data Exchange (ETDEWEB)

    Zhu, Yangming; Weng, Huanxin [Department of Earth Sciences, Zhejiang University, Hangzhou 310027 (China); Chen, Zulin; Chen, Qi [Petroleum Geochemistry Research Center, Jianghan Petroleum University, Jingzhou, Hubei (China)

    2003-05-01

    Ten crude oils from two recovery stages spanning 5-10-year interval of five productive wells in the Tarim Basin, northwest China were analyzed for their compositional modification during production process. Significant compositional changes in polar and nonpolar fractions between the previous oil samples and the latter ones were noted at both bulk and molecular level. The latter oil samples appear to contain more aromatic fraction and less asphaltenes and resin, and their gas chromatography (GC) data for whole oil show reduced alkanes with low molecular weight and enhanced high homologue relative to the previous oil samples. Compared with the oils collected from the previous recovery stage, the concentration of basic type of nitrogen-containing compounds and organic acids in oils from the latter recovery stage have a reducing trend, suggesting the occurrence of interaction between crude oil and reservoir rock.

  2. Effects of Oil Price Shocks on the Ghanaian Economy

    Directory of Open Access Journals (Sweden)

    Dennis Nchor

    2016-01-01

    Full Text Available The economy of Ghana is highly vulnerable to fluctuations in the international price of crude oil. This is due to the fact that oil as a commodity plays a central role in the economic activities of the nation. The objective of this paper is to investigate the dynamic relationship between oil price shocks and macroeconomic variables in the Ghanaian economy. This is achieved through the use of Vector Autoregressive (VAR and Vector Error Correction (VECM models. The variables considered in the study include: real oil price, real government expenditure, real industry value added, real imports, inflation and the real effective exchange rate. The study points out the asymmetric effects of oil price shocks; for instance, positive as well as negative oil price shocks on the macroeconomic variables used. The empirical findings of this study suggest that both linear and nonlinear oil price shocks have adverse impact on macroeconomic variables in Ghana. Positive oil price shocks are stronger than negative shocks with respect to government expenditure, inflation and the real effective exchange rate. Industry value added and imports have stronger responses to negative oil price shocks. Positive oil price shocks account for about 30% of fluctuations in government expenditure, 5% of imports, 6% of industry value added, 17% of inflation and 2% of the real effective exchange rate in the long run. Negative oil price shocks account for about 8% of fluctuations in government spending, 20% of imports, 8% of inflation and 2% of the real effective exchange rate in the long run. The data was obtained from the United States Energy Information Administration and the World Bank’s World Development Indicators.

  3. Volatility spillover between crude oil and exchange rate: A copula-CARR approach

    Science.gov (United States)

    Pu, Y. J.; Guo, M. Y.

    2017-11-01

    Oil provides a powerful impetus for modern society's production and life. The influences of oil price fluctuations on socio-economic development are obvious, and it draws more attention from scholars. However, the distribution of oil is highly centralized, which leads to the vast majority of oil trading through foreign trade. As a result, exchange rate plays an important role in the oil business. Study on the relationship between exchange rate and crude oil gradually becomes a hot research topic in recent years. In this paper, we use copula and CARR model to study correlation structure and relationship between crude oil price and exchange rate. We establish CARR models as marginal models and use five copulas which are Gaussian Copula, Student-t Copula, Gumbel Copula, Clayton Copula and Frank Copula to study the correlation structure between NYMEX crude oil price range and U. S. Dollar Index range. Furthermore, we use Copula-CARR model with structural breaks to detect the change points in the correlation structure between NYMEX crude oil price range and U. S. Dollar Index range. Empirical results show that the change points are closely related to the actual economic events.

  4. Oil Market Forecast and the Analysis of Economic Impact of Oil Price Fluctuations

    Energy Technology Data Exchange (ETDEWEB)

    Lee, M.B. [Korea Energy Economics Institute, Euiwang (Korea)

    2001-12-01

    In the past two years, we noticed that oil prices have fluctuated with a wide range of $10 per barrel in the international oil markets. Since her annual oil import exceeded 10% of the national gross import, Korea became much concerned with economic impacts of changes in crude oil prices along with the short-term outlook of international crude oil market. In this context, this study is conducted to build a macro-economic model as well as an input-output analysis to deal with such changes in oil prices. The major findings are as follows: In the short-term, oil import price in 2001 is expected to stay at the level of $23.50 per barrel and the price will drop to the level of $20{approx}$22, approximately 10% drop from the previous year. The short-term impacts of these oil prices include: 3.0% increase in GDP; 9.7% decrease in export; 2.8% increase in petroleum product prices; 2.8% increase in demand for petroleum products; 6.1% increase in producer price index (PPI) in 2001. The impacts of 10% drop in oil prices under a scenario of the constant foreign exchange rate against US dollar include: 5.2% increase in GDP; 3.7% increase in import, 1.1% increase in petroleum product prices, 8.1% increase in demand for petroleum; and 3.7% increase in PPI. An input-output analysis reveals that the decrease in petroleum production cost induced by 10% drop in oil import prices amounted to approximately 5{approx}6%. Other sectors which show a big drop in production cost are basic petro-chemical industry, heat suppliers, electricity sector, and city gas suppliers. Among the petroleum products, naphtha shows the biggest drop of 8% in production cost, followed by fuel oils (7%), kerosene and diesel (6%), LPG (6%), and gasoline (3%). (author). 20 refs., 7 figs., 12 tabs.

  5. Oil price and the development of financial intermediation in developing oil-exporting countries: Evidence from Nigeria

    Directory of Open Access Journals (Sweden)

    Chinazaekpere Nwani

    2016-12-01

    Full Text Available This study examines the relationship between crude oil price and financial sector intermediary development in Nigeria over the period 1975–2011, using the autoregressive distributed lag approach to cointegration analysis. Four measures of financial intermediary development are used including an index of financial intermediary development constructed from three indicators of financial intermediary development using principal component analysis. The results show that crude oil price is a key driver of financial intermediary development in Nigeria. A positive and significant long run relationship between financial intermediary development and crude oil price coexists with a negative short run relationship. The results show that even if we control for economic growth, inflation and trade openness, crude oil price still has significant influence on the development of financial intermediation in Nigeria. The findings of this study have important policy implications for financial intermediary development in Nigeria and other developing oil-exporting countries.

  6. Heavy oils processing materials requirements crude processing

    Energy Technology Data Exchange (ETDEWEB)

    Sloley, Andrew W. [CH2M Hill, Englewood, CO (United States)

    2012-07-01

    Over time, recommended best practices for crude unit materials selection have evolved to accommodate new operating requirements, feed qualities, and product qualities. The shift to heavier oil processing is one of the major changes in crude feed quality occurring over the last 20 years. The three major types of crude unit corrosion include sulfidation attack, naphthenic acid attack, and corrosion resulting from hydrolyzable chlorides. Heavy oils processing makes all three areas worse. Heavy oils have higher sulfur content; higher naphthenic acid content; and are more difficult to desalt, leading to higher chloride corrosion rates. Materials selection involves two major criteria, meeting required safety standards, and optimizing economics of the overall plant. Proper materials selection is only one component of a plant integrity approach. Materials selection cannot eliminate all corrosion. Proper materials selection requires appropriate support from other elements of an integrity protection program. The elements of integrity preservation include: materials selection (type and corrosion allowance); management limits on operating conditions allowed; feed quality control; chemical additives for corrosion reduction; and preventive maintenance and inspection (PMI). The following discussion must be taken in the context of the application of required supporting work in all the other areas. Within that context, specific materials recommendations are made to minimize corrosion due to the most common causes in the crude unit. (author)

  7. Bioremediation of crude oil contaminated tea plantation soil using ...

    African Journals Online (AJOL)

    Crude oil contamination of soil is a major concern for tea industry in Assam, India. Crude oil is a persistent organic contaminant which alters soil physical and biochemical characteristics and makes tea plants more susceptible against crude oil contamination. Therefore, two native bacterial strains designated as AS 03 and ...

  8. Crude oil market efficiency and modeling. Insights from the multiscaling autocorrelation pattern

    Energy Technology Data Exchange (ETDEWEB)

    Alvarez-Ramirez, Jose [Departamento de Ingenieria de Procesos e Hidraulica, Universidad Autonoma Metropolitana-Iztapalapa, Apartado Postal 55-534, Mexico D.F., 09340 (Mexico); Departamento de Economia, Universidad Autonoma Metropolitana-Iztapalapa, Apartado Postal 55-534, Mexico D.F., 09340 (Mexico); Alvarez, Jesus [Departamento de Ingenieria de Procesos e Hidraulica, Universidad Autonoma Metropolitana-Iztapalapa, Apartado Postal 55-534, Mexico D.F., 09340 (Mexico); Solis, Ricardo [Departamento de Economia, Universidad Autonoma Metropolitana-Iztapalapa, Apartado Postal 55-534, Mexico D.F., 09340 (Mexico)

    2010-09-15

    Empirical research on market inefficiencies focuses on the detection of autocorrelations in price time series. In the case of crude oil markets, statistical support is claimed for weak efficiency over a wide range of time-scales. However, the results are still controversial since theoretical arguments point to deviations from efficiency as prices tend to revert towards an equilibrium path. This paper studies the efficiency of crude oil markets by using lagged detrended fluctuation analysis (DFA) to detect delay effects in price autocorrelations quantified in terms of a multiscaling Hurst exponent (i.e., autocorrelations are dependent of the time scale). Results based on spot price data for the period 1986-2009 indicate important deviations from efficiency associated to lagged autocorrelations, so imposing the random walk for crude oil prices has pronounced costs for forecasting. Evidences in favor of price reversion to a continuously evolving mean underscores the importance of adequately incorporating delay effects and multiscaling behavior in the modeling of crude oil price dynamics. (author)

  9. Wax deposition in crude oil pipelines

    Energy Technology Data Exchange (ETDEWEB)

    Assuncao, Pablo Morelato; Rodrigues, Lorennzo Marrochi Nolding [Universidade Federal do Espirito Santo, Sao Mateus, ES (Brazil). Centro Universitario Norte do Espirito Santo. Engenharia de Petroleo; Romero, Mao Ilich [University of Wyoming, Laramie, WY (United States). Enhanced Oil Recovery Institute], e-mail: mromerov@uwyo.edu

    2010-07-01

    Crude oil is a complex mixture of hydrocarbons which consists of aromatics, paraffins, naphthenics, resins asphaltenes, etc. When the temperature of crude oil is reduced, the heavy components, like paraffin, will precipitate and deposit on the pipe internal wall in the form of a wax-oil gel. The gel deposit consists of wax crystals that trap some amount of oil. As the temperature gets cooler, more wax will precipitate and the thickness of the wax gel will increase, causing gradual solidification of the crude and eventually the oil stop moving inside the offshore pipeline. Crude oil may not be able to be re-mobilized during re-startup. The effective diameter will be reduced with wax deposition, resulting in several problems, for example, higher pressure drop which means additional pumping energy costs, poor oil quality, use of chemical components like precipitation inhibitors or flowing facilitators, equipment failure, risk of leakage, clogging of the ducts and process equipment. Wax deposition problems can become so sever that the whole pipeline can be completely blocked. It would cost millions of dollars to remediate an offshore pipeline that is blocked by wax. Wax solubility decreases drastically with decreasing temperature. At low temperatures, as encountered in deep water production, is easy to wax precipitate. The highest temperature below which the paraffins begins to precipitate as wax crystals is defined as wax appearance temperature (WAT). Deposition process is a complex free surface problem involving thermodynamics, fluid dynamics, mass and heat transfer. In this work, a numerical analysis of wax deposition by molecular diffusion and shear dispersion mechanisms in crude oil pipeline is studied. Diffusion flux of wax toward the wall is estimated by Fick's law of diffusion, in similar way the shear dispersion; wax concentration gradient at the solid-liquid interface is obtained by the volume fraction conservation equation; and since the wax deposition

  10. Oil price shocks and European industries

    NARCIS (Netherlands)

    Scholtens, Bert; Yurtsever, Cenk

    We investigate the impact of oil price shocks at the industry level in the Euro area for the period 1983-2007. We use different oil price specifications and use dynamic VAR models and multivariate regression to investigate how 38 different industries respond to oil price shocks. We pay specific

  11. Oil price: Endless ability to surprise

    Science.gov (United States)

    Manzano, Baltasar

    2016-05-01

    Economic agents have varying expectations on oil price fluctuations that play an important role in determining the timing and magnitude of oil price shocks. A study now shows that heterogeneous expectations should be included when modelling oil price shocks to grasp their impact on macroeconomic outcomes and energy policies.

  12. Three essays in corporate finance: Examining the influence of government ownership and evaluating crude oil arbitrage

    Science.gov (United States)

    Holland, Kateryna

    The aim of this dissertation is twofold: first, to evaluate how governments influence firms in which they invest (chapters one and two), and second, to examine arbitrage in the crude oil market by investigating the relationship between crude oil inventories, physical prices, and financial prices (chapter three). In the first chapter (The Wealth Effects of Government Investment in Publicly Traded Firms), I study how government share ownership affects shareholder wealth. I find that government investments with higher likelihood of political interference have a negative influence on shareholder wealth, while the opposite is true for government investments with economic objectives. In the second chapter (Government Ownership and the Cost of Debt: Evidence form Government Investment in Publicly Traded Firms), I investigate how government share ownership affects the cost of debt of publicly traded firms. I find that government ownership generally leads to a higher cost of debt, except for times of economic and firm distress, when the value of the implicit government guarantee is associated with a reduction in the cost of debt. In the third chapter (Financial Trading, Spot Oil Prices, and Inventory: Evidence from the U.S. Crude Oil Market), I confirm the existence of an active cash and carry market in crude oil in Cushing, OK, the main U.S. crude oil futures settlement location. In other words, crude oil inventories in Cushing, but not in any other U.S. crude oil storage locations, are explained by the spread between the financial and the physical price of oil in addition to operational factors.

  13. Extra heavy crude oil into transportable upgraded crude: new technology overview

    Energy Technology Data Exchange (ETDEWEB)

    Rojas, J.D.; Sardella, R.; Rivas, A.; Lopez, E. [Infrastructure and Upgrading Department PDVSA-Intevep (Venezuela); Zacarias, L [Refining Department. PDVSA-Intevep (Venezuela)

    2011-07-01

    Venezuela has reserves of heavy and extra heavy crude oil in the eastern part of the country. There is a need for lower capital cost extraction technologies. At the moment, heavy oil is diluted with light or medium crude oil before it is sold on the market. In order to remove this requirement, PDVSA Research Institute has been working on developing a new technology to convert heavy crude oil into upgraded crude oil. This paper presents the technology, named Aquaconversion, and its applications. The technology consists of a catalytic steam conversion process which converts heavy oil into transportable upgraded crude oil with a higher density and lower viscosity than can be achieved using other technologies. This technology can be used onsite to obtain transportable upgraded crude or to replace visbreaking units in refineries. This paper presents a new technology that makes the extraction of heavy oil in Venezuela economically feasible.

  14. How much crude oil can zooplankton ingest? Estimating the quantity of dispersed crude oil defecated by planktonic copepods

    DEFF Research Database (Denmark)

    Almeda, Rodrigo; Connelly, Tara L.; Buskey, Edward J.

    2016-01-01

    % of the analyzed fecal pellets from three species of copepods and a natural copepod assemblage exposed for 48 h to physically or chemically dispersed light crude oil contained crude oil droplets. Crude oil droplets inside fecal pellets were smaller (median diameter: 2.4-3.5 mu m) than droplets in the physically...

  15. Brine crude oil interactions at the oil-water interface

    DEFF Research Database (Denmark)

    Chakravarty, Krishna Hara; Fosbøl, Philip Loldrup; Thomsen, Kaj

    2015-01-01

    -, HPO42-, and HCO3- (anions), were studied through gas chromatographic analysis. Crude oil from the North Sea was doped with various fractions of organic acids to mimic different polar behavior. Increased brine concentration showed up to 15% upsurge of polar fractions on the oil-water emulsion formation...... mechanisms. The ion specific interaction between fines and polar fractions of crude oil at the oil-water interface has been less explored. In this study the relative affinity between different ions and the oil surface was determined. The experiments prove the importance of Ca2+, SO42-, and HPO42- ions....... During emulsion formation the relative interactions at the oil-water interface are proved to follow the Hofmeister series: K+

  16. Oil Price Risk and Stock Markets

    OpenAIRE

    Niu, Hui

    2012-01-01

    The oil price risk refers to the uncertainty of the change in oil price and the stock markets studied in this paper are the so called emerging ones. Fourteen countries are selected for a quantitative research on the link between the oil price fluctuation and the stock market performance. A multi-factor model is applied and specifically an OLS regression is conducted separately for the data on Brazilian stock market. As a result, the rising oil price decreases stock price in oil-importing coun...

  17. Eastern Canadian crude oil supply and its implications for regional energy security

    Energy Technology Data Exchange (ETDEWEB)

    Hughes, Larry [Energy Research Group, Electrical and Computer Engineering, Dalhousie University, Halifax, Nova Scotia (Canada)

    2010-06-15

    Canada has been blessed with immense energy resources; however, their distribution is not uniform. One such example is crude oil, which is found primarily in western Canada. Eastern Canada, consisting of the six eastern-most provinces (Newfoundland and Labrador, New Brunswick, Nova Scotia, Ontario, Prince Edward Island, and Quebec), produce limited quantities of crude oil, most of which is exported to the United States. Ideally, western Canadian crude oil would meet the demands of eastern Canada; however, the North American Free Trade Agreement (NAFTA) and the absence of oil pipelines means that eastern Canada increasingly relies on supplies of crude oil from a small number of oil exporting countries, many with declining production. This paper examines crude oil production, supply, and its refining in eastern Canada. It shows that crude production in the region has reached its peak and that increasing global competition for crude oil will affect energy security in eastern Canada, either through price increases or supply shortages, or both. (author)

  18. Lead-lag effects between Brent Crude Futures and its respective spot prices

    Directory of Open Access Journals (Sweden)

    Diego Garcia Angelico

    2017-03-01

    Full Text Available This article aims the analyses of the causality and temporal precedence relationships between the spot and futures prices of Brent oil, those last ones inherent to financial markets. In order to achieve this objective, the main tools used were: Johansen cointegration test; Granger causality/Block Exogeneity Wald test (GCBEW; generalized impulse response function and variance decomposition of forecast errors, those three last ones were estimated based in a Vector Error Correction Model (VEC, adjusted to the analyzed variables. The results indicated that, for the stipulated period, there was a pricing lightweight leadership from the futures contracts to the prices of spot market. However, as a conclusion of the article, the understanding is that this small difference, calculated in several econometric tools, cannot be considered enough to indicate that the Brent oil future market would be distorting its respective spot prices, despite the economic fundamentals of the physical market, such as production, consumption and stockpiling processes. Therefore, management decisions in industries exposed to crude oil prices should be aware of both physical and future markets’ prospections.

  19. Exporting Alaskan North Slope crude oil: Benefits and costs

    Energy Technology Data Exchange (ETDEWEB)

    1994-06-01

    The Department of Energy study examines the effects of lifting the current prohibitions against the export of Alaskan North Slope (ANS) crude. The study concludes that permitting exports would benefit the US economy. First, lifting the ban would expand the markets in which ANS oil can be sold, thereby increasing its value. ANS oil producers, the States of California and Alaska, and some of their local governments all would benefit from increased revenues. Permitting exports also would generate new economic activity and employment in California and Alaska. The study concludes that these economic benefits would be achieved without increasing gasoline prices (either in California or in the nation as a whole). Lifting the export ban could have important implications for US maritime interests. The Merchant Marine Act of 1970 (known as the Jones Act) requires all inter-coastal shipments to be carried on vessels that are US-owned, US-crewed, and US-built. By limiting the shipment of ANS crude to US ports only, the export ban creates jobs for the seafarers and the builders of Jones Act vessels. Because the Jones Act does not apply to exports, however, lifting the ban without also changing US maritime law would jeopardize the jobs associated with the current fleet of Jones Act tankers. Therefore the report analyzes selected economic impacts of several maritime policy alternatives, including: Maintaining current law, which allows foreign tankers to carry oil where export is allowed; requiring exports of ANS crude to be carried on Jones Act vessels; and requiring exports of ANS crude to be carried on vessels that are US-owned and US-crewed, but not necessarily US-built. Under each of these options, lifting the export ban would generate economic benefits.

  20. Dewatering of crude oil emulsions; Part 1: Rheological behavior of the crude oil-water interface

    Energy Technology Data Exchange (ETDEWEB)

    Mohammed, R.A.; Bailey, A.I.; Luckham, P.F. (Department of Chemical Engineering and Chemical Technology, Imperial College of Science, Technology and Medicine, London (United Kingdom)); Taylor, S.E. (Surface and Colloid Science Group, BP Research Centre, Sunbury-on-Thames, Middlesex (United Kingdom))

    1993-12-06

    Rheological properties of Buchan crude oil-water interfaces have been determined using a biconical bob rheometer. The effects of temperature and the presence of surface-active demulsifiers on film characteristics have been evaluated. Free oscillation and creep modes have been used, depending on the relative viscoelastic behaviour of the films. Film ageing is particularly significant, whilst temperature and the nature and concentration of any demulsification chemicals also contribute significantly. Further detailed understanding of interfacial film rheology is considered to be desirable for a complete appreciation of the stability of water-in-crude oil emulsions

  1. DOE/DOT Crude Oil Characterization Research Study, Task 2 Test Report on Evaluating Crude Oil Sampling and Analysis Methods

    Energy Technology Data Exchange (ETDEWEB)

    Lord, David [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Allen, Ray [Allen Energy Services, Inc., Longview, TX (United States); Rudeen, David [GRAM, Inc., Albuquerque, NM (United States)

    2017-11-01

    The Crude Oil Characterization Research Study is designed to evaluate whether crude oils currently transported in North America, including those produced from "tight" formations, exhibit physical or chemical properties that are distinct from conventional crudes, and how these properties associate with combustion hazards with may be realized during transportation and handling.

  2. Cross-correlations between crude oil and exchange markets for selected oil rich economies

    Science.gov (United States)

    Li, Jianfeng; Lu, Xinsheng; Zhou, Ying

    2016-07-01

    Using multifractal detrended cross-correlation analysis (MF-DCCA), this paper studies the cross-correlation behavior between crude oil market and five selected exchange rate markets. The dataset covers the period of January 1,1996-December 31,2014, and contains 4,633 observations for each of the series, including daily closing prices of crude oil, Australian Dollars, Canadian Dollars, Mexican Pesos, Russian Rubles, and South African Rand. Our empirical results obtained from cross-correlation statistic and cross-correlation coefficient have confirmed the existence of cross-correlations, and the MF-DCCA results have demonstrated a strong multifractality between cross-correlated crude oil market and exchange rate markets in both short term and long term. Using rolling window analysis, we have also found the persistent cross-correlations between the exchange rates and crude oil returns, and the cross-correlation scaling exponents exhibit volatility during some time periods due to its sensitivity to sudden events.

  3. Characterization of CRUDE OILS and petroleum products: (i) elution ...

    African Journals Online (AJOL)

    Some physical and chemical properties of samples of light, medium and heavy Nigerian crude oils and petroleum products including gasoline, kerosene and engine oil have been measured and are reported in this paper. The crude oils and petroleum products have also been characterized by fractional distillation and ...

  4. Palm oil price forecasting model: An autoregressive distributed lag (ARDL) approach

    Science.gov (United States)

    Hamid, Mohd Fahmi Abdul; Shabri, Ani

    2017-05-01

    Palm oil price fluctuated without any clear trend or cyclical pattern in the last few decades. The instability of food commodities price causes it to change rapidly over time. This paper attempts to develop Autoregressive Distributed Lag (ARDL) model in modeling and forecasting the price of palm oil. In order to use ARDL as a forecasting model, this paper modifies the data structure where we only consider lagged explanatory variables to explain the variation in palm oil price. We then compare the performance of this ARDL model with a benchmark model namely ARIMA in term of their comparative forecasting accuracy. This paper also utilize ARDL bound testing approach to co-integration in examining the short run and long run relationship between palm oil price and its determinant; production, stock, and price of soybean as the substitute of palm oil and price of crude oil. The comparative forecasting accuracy suggests that ARDL model has a better forecasting accuracy compared to ARIMA.

  5. Oil Price Shocks and Stock Return Predictability

    OpenAIRE

    Sørensen, Lars Qvigstad

    2009-01-01

    Recent research has documented that oil price changes lead the aggregate market in most industrialized countries, and has argued that it represents an anomaly - an underreaction to information that investors can profit from. I identify oil price changes that are caused by exogenous events and show that it is only these oil price changes that predict stock returns. The exogenous events usually correspond to periods of extreme turmoil - either military conflicts in the Middle East or OPEC colla...

  6. Crude oil contamination of soil and groundwater in Kuwait

    OpenAIRE

    II, Hiroyuki; Kawaguchi, Masato; IWABUCHI, Masakazu; YABU, Shinobu

    1997-01-01

    [ABSTRACT] During the Gulf war seven hundreds of oil wells were destroyed by the retreating armies of Iraq. In particular, the Burgan oil field suffered heavy damage. Over 50millions of crude oil spilled out flooding the desert and as a result, extensive contamination of desert soils occurred. Field investigations indicated that crude oil penetrated the desert soils under the newly formed oil lakes to a depth of 150 cm for the 5 years following the Gulf war. The calculated penetration of this...

  7. The impact of Oil Price and Oil Price Fluctuation on Growth Exports and Inflation in Pakistan

    OpenAIRE

    Hasanat Shah, Syed; Li, Jun Jiang; Hasanat, Hafsa

    2013-01-01

    In this study we employed the ARDL bound test in order to detect cointegration relation of oil price and oil price fluctuation with GDP, exports and inflation in Pakistan. Our results confirmed cointegration among the variables when GDP was considered as dependent variable, while in case of inflation as responding variable, the long run relation among the variables are confirm only when oil price was replaced with oil price fluctuations as an explanatory variable. Applying VECM technique, we ...

  8. Analysis on 'new fundamentals' and range of oil price trend in the long run

    Energy Technology Data Exchange (ETDEWEB)

    Rui, Chen

    2010-09-15

    The range of trend of oil price will be decided by marginal production cost of crude oil and production cost of alternative energy consumed as transportation fuel on a large scale. The former factor determines the lower limit and the latter determines the upper limit of oil price. financial factors and the value of USD will not only affect the short-term change of oil price, they may become fundamentals factors that exert influence on the mid-long term change of oil price, namely, New Fundamentals, which will determine the fluctuation degree of oil price in the long run.

  9. Impact of Expanded North Slope of Alaska Crude Oil Production on Crude Oil Flows in the Contiguous United States

    Energy Technology Data Exchange (ETDEWEB)

    DeRosa, Sean E. [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Flanagan, Tatiana Paz [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States)

    2017-05-01

    The National Transportation Fuels Model was used to simulate a hypothetical increase in North Slope of Alaska crude oil production. The results show that the magnitude of production utilized depends in part on the ability of crude oil and refined products infrastructure in the contiguous United States to absorb and adjust to the additional supply. Decisions about expanding North Slope production can use the National Transportation Fuels Model take into account the effects on crude oil flows in the contiguous United States.

  10. Dielectric characterization of crude oil extracts obtained from ...

    African Journals Online (AJOL)

    Dielectric characterization of crude oil extracts obtained from different oil fields in Nigeria, intended for utility exploitation in electrical power transformers. J.O. Akinnifesi, F.M. Adebiyi, K.F. Olafisan ...

  11. Spotlight on Mexico. The domino effect: crude price changes since December 1982

    Energy Technology Data Exchange (ETDEWEB)

    1983-02-23

    While world crude prices continue their downward slide, the world is watching Mexico to see how it follows the trend. If the cut to be announced is too deep, petro-dollars will be sacrificed; if the cut is too modest, share of market may suffer. Just as Petroleos Mexicanos (PEMEX), the state oil company, was the means for overextension in borrowing and for wrong-headed administration, at this moment PEMEX is becoming the means for Mexico's restoration. While Mexico confronts its worst financial crisis since the revolution, PEMEX confronts its most difficult challenge since nationalization of the oil industry in 1938. To stop the compromising flood of petro-dollars out of PEMEX, the national oil company has been made subordinate to the Ministry of Energy, Mines, and State Industries. What Mexico is doing about the PEMEX crisis may be promotive of Mexican nationalism and international bankers' security at the same time. This issue presents the Energy Detente (1) fuel price/tax series and (2) industrial fuel prices for February 1983 for countries of the Western Hemisphere. 5 figures, 7 tables.

  12. Waxy crude oil production in the South China Sea

    Energy Technology Data Exchange (ETDEWEB)

    Low, W.R.; Gerber, E.J.; Simek, L.A.

    1996-12-31

    The Phillips Petroleum International Corporation Asia (PPICA) Xijiang Field Development Project is a unique project resulting in the production of a waxy crude oil. The crude oil is produced on two platforms feeding a final production unit located on an FPSO (Floating Production, Storage and Off-loading) vessel located between the platforms. The crude from these two fields contains a high concentration of wax and has a relatively high pour point temperature. The crude composition and oil properties are listed in two tables. Special consideration was needed with respect to operating temperatures, start-up and shutdown procedures.

  13. Polymers in crude oil and products

    Energy Technology Data Exchange (ETDEWEB)

    Lonstrup, T.F.; Taillardat, J.; Turner, D.W.

    1980-01-01

    The work describes applications of polymers classified by petroleum end uses. Approximately 1200 literature references have been reviewed, 60% of which deal with applications in lubricants. Polymers are being used as additives for many phases of crude production, transportation, and processing. This includes improved drilling, flow behavior, recovery, desalting, and dehydration. For engine lubricants, the major use of polymers is still as viscosity modifiers. New types of viscosity index polymers are described. Most of the past 4 yr research effort in the lubricants area has dealt with the rheology of multigrade oils, particularly the temporary loss of viscosity under high shear rates and its effects on engine performance. In industrial lubricants, polymers increase load-carrying capacity; control wear, rust and foam; improve cold properties; reduce energy requirements and mist emissions; and modify surface active properties. Polymers are used in fuel products mainly to improve handling and stability debits. 253 references.

  14. Comparative Effect Of Crude Oil Products On Nitrogen Content Of ...

    African Journals Online (AJOL)

    The comparative effect of crude oil products was investigated using Clarias gariepinus uveniles. The fsh (average weight 100.20 ± 0.08g) was introduced inograded concentratons (2.00, 4.00, 6.00 and 8.00 ml -1) of Bonny light crude oil (BLCO), premium motor spirit (PMS) Dua purpose Kerosene (DPK) in toxic phase that ...

  15. Crude oil degradation by phosphate-solubilizing bacteria

    Digital Repository Service at National Institute of Oceanography (India)

    De; Nair, S.; David, J.J.; Chandramohan, D.

    adherence to undecane and hexadecane. The degradation of crude oil by these two isolates was 62% and 85%. Mixed cultures of the two isolates showed 91% degradation. It was evident from the gas chromatographic analysis that all fractions of crude oil were...

  16. Crude Oil Hedging Strategies Using Dynamic Multivariate GARCH

    NARCIS (Netherlands)

    R. Tansuchat (Roengchai); C-L. Chang (Chia-Lin); M.J. McAleer (Michael)

    2010-01-01

    textabstractThe paper examines the performance of four multivariate volatility models, namely CCC, VARMA-GARCH, DCC and BEKK, for the crude oil spot and futures returns of two major benchmark international crude oil markets, Brent and WTI, to calculate optimal portfolio weights and optimal hedge

  17. Enhancement of Crude Oil Polluted Soil by Applying Single and ...

    African Journals Online (AJOL)

    ADOWIE PERE

    ABSTRACT: The study aimed at enhancing the remediationof crude oil polluted soil of the Niger Delta using cow dung and hydrogen peroxide in either single or combined forms. 5 kg of soil each was polluted with 200 ml of crude oil representing 4% w/v. Five amendment treatments labelledA- E were done in order of A ...

  18. Impact Of Crude Oil On Recruitment Of Epibenthic Organisms In ...

    African Journals Online (AJOL)

    Effects of crude oil on recruitment of epibenthic organisms in Cross River estuary were studied in February and March, 2007 on wooden Panels (15×15×1.5cm). The panels were immersed in Nigerian light crude oil and later suspended in the estuary for six weeks. Rhizoclonium hieroglyphicum showed slight resistance to ...

  19. Comparative study of biodegradation of crude oil in soil amended ...

    African Journals Online (AJOL)

    Biodegradation studies revealed that 56.3% of crude oil was degraded in the unamended soil while 75% and 87.5% of crude oil was degraded in soil amended with chicken droppings and fertilizer respectively after 10 wks. This indicates that chicken droppings and NPK fertilizer enhanced the biodegradation process.

  20. Biodegradation of polycyclic aromatic hydrocarbons in crude oil ...

    African Journals Online (AJOL)

    Release of crude oil and its products into the environment has resulted in many problems that are of global concern. The objective of this study was to determine effect of Composted Market Waste (CMW) on the degradation of Polycyclic Aromatic Hydrocarbons (PAHs) in crude oil-contaminated soil. Pot experiment was ...

  1. Biodegradation of Polycyclic Aromatic Hydrocarbons in Crude oil ...

    African Journals Online (AJOL)

    ADOWIE PERE

    ABSTRACT: Release of crude oil and its products into the environment has resulted in many problems that are of global concern. The objective of this study was to determine effect of Composted Market Waste (CMW) on the degradation of Polycyclic Aromatic Hydrocarbons (PAHs) in crude oil-contaminated soil.

  2. Crude oil degradation by Bacillus and Micrococcus species isolated ...

    African Journals Online (AJOL)

    Microorganisms capable of degrading crude oil were isolated from soil compost in Kano, northwestern Nigeria. The work was carried out with the aim of determining crude-oil biodegradation potentials of Bacillus and Micrococcus species isolated from the soil compost as well as the assessment of the applicability of ...

  3. Toxicity of crude oil products and detergent on serum alkaline ...

    African Journals Online (AJOL)

    The comparative effect of exposing Clarias gariepinus juveniles (100.20 + 0.8g) to diferent concentrations of crude oil products and detergent were studied. Bonny Light Crude oil (BLCO), Premium motor spirit (PMS), Dual purpose kerosene (DPK) and Ariel Enzymax Detergent (AED) were respectively applied at three ...

  4. Risk assessment of oil price from static and dynamic modelling approaches

    DEFF Research Database (Denmark)

    Mi, Zhi-Fu; Wei, Yi-Ming; Tang, Bao-Jun

    2017-01-01

    The price gap between West Texas Intermediate (WTI) and Brent crude oil markets has been completely changed in the past several years. The price of WTI was always a little larger than that of Brent for a long time. However, the price of WTI has been surpassed by that of Brent since 2011. The new...... market circumstances and volatility of oil price require a comprehensive reestimation of risk. Therefore, this study aims to explore an integrated approach to assess the price risk in the two crude oil markets through the value at risk (VaR) model. The VaR is estimated by the extreme value theory (EVT......) and GARCH model on the basis of generalized error distribution (GED). The results show that EVT is a powerful approach to capture the risk in the oil markets. On the contrary, the traditional variance–covariance (VC) and Monte Carlo (MC) approaches tend to overestimate risk when the confidence level is 95...

  5. Release of Crude Oil from Silica and Calcium Carbonate Surfaces

    DEFF Research Database (Denmark)

    Liu, Xiaoyan; Yan, Wei; Stenby, Erling Halfdan

    2016-01-01

    Adsorption and desorption of a North Sea crude oil to silica and calcium carbonate surfaces were studied by a quartz crystal microbalance, while the bare surfaces and adsorbed oil layers were characterized by atomic force microscopy and contact angle measurements. Water contact angles were measured...... on the bare surfaces, surfaces with an adsorbed oil layer, and surfaces after being exposed to aqueous salt solutions. This showed that the silica surface became more hydrophobic after oil adsorption, while the wettability of the calcium carbonate surface was not significantly changed by adsorption of an oil...... layer. A surface energy component analysis based on the acid base theory showed that oil adsorption on the surfaces depends upon apolar, acidic, and basic oil components of the crude oil and that the adsorbed oil components differ for adsorption to silica and calcium carbonate. Desorption of the crude...

  6. In-Situ Burning of Crude Oil on Water

    DEFF Research Database (Denmark)

    van Gelderen, Laurens

    The fire dynamics and fire chemistry of in-situ burning of crude oil on water was studied in order to improve predictions on the suitability of this oil spill response method. For this purpose, several operational parameters were studied to determine the factors that control the burning efficiency...... of in-situ burning, i.e. the amount of oil (in wt%) removed from the water surface by the burning process. The burning efficiency is the main parameter for expressing the oil removal effectiveness of in-situ burning as response method and is thus relevant for suitability predictions of in-situ burning...... as oil spill response method. The parameters studied were the initial slick thickness of the oil, the vaporization order of burning crude oil, the ignition of fresh and weathered crude oils on water, the influence of the burning area, the effect of the water layer below the burning oil and the use...

  7. Stabilization of Model Crude Oil Emulsion using Different ...

    African Journals Online (AJOL)

    As part of an ongoing research into the stability of oil-field emulsions, model oil samples have been utilized to probe the effects of asphaltene interactions on crude oil/water emulsion stability. Asphaltenes were precipitated from treated Ondo State oil sand bitumen with n-hexane in a 40:1 solvent to bitumen ratio which was ...

  8. Measuring Value-at-Risk and Expected Shortfall of crude oil portfolio using extreme value theory and vine copula

    Science.gov (United States)

    Yu, Wenhua; Yang, Kun; Wei, Yu; Lei, Likun

    2018-01-01

    Volatilities of crude oil price have important impacts on the steady and sustainable development of world real economy. Thus it is of great academic and practical significance to model and measure the volatility and risk of crude oil markets accurately. This paper aims to measure the Value-at-Risk (VaR) and Expected Shortfall (ES) of a portfolio consists of four crude oil assets by using GARCH-type models, extreme value theory (EVT) and vine copulas. The backtesting results show that the combination of GARCH-type-EVT models and vine copula methods can produce accurate risk measures of the oil portfolio. Mixed R-vine copula is more flexible and superior to other vine copulas. Different GARCH-type models, which can depict the long-memory and/or leverage effect of oil price volatilities, however offer similar marginal distributions of the oil returns.

  9. Investor herds and oil prices evidence in the Gulf Cooperation Council (GCC equity markets

    Directory of Open Access Journals (Sweden)

    Talat Ulussever

    2017-09-01

    Full Text Available This paper scrutinizes the effect of crude oil prices on herd behavior among investors in the Gulf Cooperation Council (GCC stock markets. Using firm level data from Saudi Arabia, Qatar, Oman, Kuwait, Bahrain, Dubai and Abu Dhabi stock exchanges, we examine equity return dispersions within industry portfolios and test whether investor herds exist in these markets. We then assess whether crude oil price movements have any effect on the investment behavior of traders in the aforementioned markets. Our findings reveal significant evidence supporting herd behavior in all GCC equity markets with the exception of Oman and Qatar, more consistently during periods of market losses. Furthermore, we find significant oil price effects on herd behavior in these markets, particularly during periods of extreme positive changes in the price of oil. Our findings suggest that investors’ tendency to act as a herd in the said markets is significantly affected by the developments in the oil market.

  10. Biodegradation of Lagoma crude oil using pig dung | Yakubu ...

    African Journals Online (AJOL)

    In the soil amended with pig dung, 68.2% of the crude oil was degraded, whereas only 50.7% of same oil was degraded in the unamended soil. The pH of the amended soil rose from 6.2 to 7.2. Pig dung was found to contain 1.7 x 106 cfu g-1 crude oil degrading bacteria, and 1.8 x 108 cfu g-1 aerobic heterotrophs.

  11. Feasibility Process for Remediation of the Crude Oil Contaminated Soil

    Science.gov (United States)

    Keum, H.; Choi, H.; Heo, H.; Lee, S.; Kang, G.

    2015-12-01

    More than 600 oil wells were destroyed in Kuwait by Iraqi in 1991. During the war, over 300 oil lakes with depth of up to 2m at more than 500 different locations which has been over 49km2. Therefore, approximately 22 million m3was crude oil contaminated. As exposure of more than 20 years under atmospheric conditions of Kuwait, the crude oil has volatile hydrocarbons and covered heavy oily sludge under the crude oil lake. One of crude oil contaminated soil which located Burgan Oilfield area was collected by Kuwait Oil Company and got by H-plus Company. This contaminated soil has about 42% crude oil and could not biodegraded itself due to the extremely high toxicity. This contaminated soil was separated by 2mm sieve for removal oil sludge ball. Total petroleum hydrocarbons (TPH) was analysis by GC FID and initial TPH concentration was average 48,783 mg/kg. Ten grams of the contaminated soil replaced in two micro reactors with 20mL of bio surfactant produce microorganism. Reactor 1 was added 0.1g powder hemoglobin and other reactor was not added hemoglobin at time 0 day. Those reactors shake 120 rpm on the shaker for 7 days and CO2 produced about 150mg/L per day. After 7 days under the slurry systems, the rest days operated by hemoglobin as primary carbon source for enhanced biodegradation. The crude oil contaminated soil was degraded from 48,783mg/kg to 20,234mg/kg by slurry process and final TPH concentration degraded 11,324mg/kg for 21days. Therefore, highly contaminated soil by crude oil will be combined bio slurry process and biodegradation process with hemoglobin as bio catalytic source. Keywords: crude-oil contaminated soil, bio slurry, biodegradation, hemoglobin ACKOWLEDGEMENTS This project was supported by the Korea Ministry of Environment (MOE) GAIA Program

  12. The Impact of Oil Price Changes on Inflation in Pakistan

    OpenAIRE

    Malik, Afia

    2016-01-01

    Oil prices have fluctuated enormously in recent years. Strong volatility in oil prices has serious implications for Pakistan’s economy given its substantial dependence on imported fuels. Energy prices have a crucial role behind inflation rates in Pakistan and it is proved in this study. We estimate the effects of oil price changes on inflation for Pakistan using an augmented Phillips curve framework. Our results suggest a strong oil price-inflation relationship, especially when oil prices are...

  13. World Oil Prices and Indonesia Macroeconomic

    Directory of Open Access Journals (Sweden)

    M. Ichsandimas W.

    2015-03-01

    Full Text Available The goal of this study is to look at the relation and contribution value, while the impact of world oil price on the macroeconomic Indonesian form 1980 to 2010. This Study used Vector Auto Regression (VAR method and tool of VAR used are Impulse Response Function (IRF and Variance Decomposition. The results of study finds a positive relation and statistically significant impact of world oil price on inflation and real GDP Indonesian, but not significant and negative relation on real exchange rates. World oil price has contribution value on the inflation, real exchange rates, Indonesia real GDP after first period.

  14. DEVELOPMENT OF TIGHT OIL RESOURCES IN USA: PROFITABILITY OF EXPLOITATION AND EFFECT OF MACROECONOMIC INDICATORS IN VOLATILE OIL PRICE ENVIRONMENT

    Directory of Open Access Journals (Sweden)

    Kristina Strpić

    2017-01-01

    Full Text Available Large scale development of tight oil resources in US started after 2010. with following five-year period of favorable steady increase in crude oil price. During this relatively short expansion cycle, operating and capital expenses changed drastically for main tight oil plays due to technological improvements in both well drilling and completion, expansion of service sector as well as loose government monetary policy which allowed favorable financing. This paper analyzed trends in costs during expansion period, as well as correlation of oil price to number of operating rigs and production quotas. After 2008/2009. world financial crisis economy recovery in US was somewhat sluggish and it caused extreme volatile environment in both equity and commodity markets. In such volatile environment intra-day crude oil prices, as well as other commodities and equities, show significant reaction to monthly published macroeconomic indicator reports, which give better overviews of trends in economic recovery. Prior to announcement, these reports always have forecasted value determined by consensus among market analysts. Therefore, any positive or negative surprise in real value tends to influence price of oil. This paper investigated influence of such macroeconomic reports to closing intraday oil price, as well as effect of other important daily market indices. Analysis showed that only Producer Price Index (PPI, among other indicators, has statistical significance of affecting intraday closing oil price.

  15. Crude oil impairs cardiac excitation-contraction coupling in fish.

    Science.gov (United States)

    Brette, Fabien; Machado, Ben; Cros, Caroline; Incardona, John P; Scholz, Nathaniel L; Block, Barbara A

    2014-02-14

    Crude oil is known to disrupt cardiac function in fish embryos. Large oil spills, such as the Deepwater Horizon (DWH) disaster that occurred in 2010 in the Gulf of Mexico, could severely affect fish at impacted spawning sites. The physiological mechanisms underlying such potential cardiotoxic effects remain unclear. Here, we show that crude oil samples collected from the DWH spill prolonged the action potential of isolated cardiomyocytes from juvenile bluefin and yellowfin tunas, through the blocking of the delayed rectifier potassium current (I(Kr)). Crude oil exposure also decreased calcium current (I(Ca)) and calcium cycling, which disrupted excitation-contraction coupling in cardiomyocytes. Our findings demonstrate a cardiotoxic mechanism by which crude oil affects the regulation of cellular excitability, with implications for life-threatening arrhythmias in vertebrates.

  16. Effect of solid paraffin's on crude oil rheology

    Directory of Open Access Journals (Sweden)

    Šećerov-Sokolović Radmila M.

    2006-01-01

    Full Text Available Effect of solid paraffin on crude oil rheology was investigated. The experiments were carried out on model-crude oil at constant temperature 30°C. Medical paraffin malting point of 61 °C different concentration was dissolved in kerosene fraction. Concentration range of paraffin was from 1 to 32% weight. Shear stress strongly depends on paraffin's content only over high shear rate. Shear stress increases exponentially with increasing paraffin concentration for high shear rate. This dependence does not existed for real crude oil investigated in this paper.

  17. An Improved CO2-Crude Oil Minimum Miscibility Pressure Correlation

    Directory of Open Access Journals (Sweden)

    Hao Zhang

    2015-01-01

    Full Text Available Minimum miscibility pressure (MMP, which plays an important role in miscible flooding, is a key parameter in determining whether crude oil and gas are completely miscible. On the basis of 210 groups of CO2-crude oil system minimum miscibility pressure data, an improved CO2-crude oil system minimum miscibility pressure correlation was built by modified conjugate gradient method and global optimizing method. The new correlation is a uniform empirical correlation to calculate the MMP for both thin oil and heavy oil and is expressed as a function of reservoir temperature, C7+ molecular weight of crude oil, and mole fractions of volatile components (CH4 and N2 and intermediate components (CO2, H2S, and C2~C6 of crude oil. Compared to the eleven most popular and relatively high-accuracy CO2-oil system MMP correlations in the previous literature by other nine groups of CO2-oil MMP experimental data, which have not been used to develop the new correlation, it is found that the new empirical correlation provides the best reproduction of the nine groups of CO2-oil MMP experimental data with a percentage average absolute relative error (%AARE of 8% and a percentage maximum absolute relative error (%MARE of 21%, respectively.

  18. Characterization of Petroleum Hydrocarbons in Post-Burn Crude Oil ...

    African Journals Online (AJOL)

    In the Niger delta, crude oil spilled soils are burned as a means of decontaminating the impacted soils. Gas chromatography - flame ionization detector (GCFID) analyses were performed on oil residues extracted from burnt spilled oil soil samples to facilitate detailed chemical composition and characterization of petroleum ...

  19. Preparation of Biodiesel by Methanolysis of Crude Moringa Oleifera Oil

    Science.gov (United States)

    Biodiesel was prepared from the unconventional crude oil of Moringa oleifera by transesterification with methanol and alkali catalyst. Moringa oleifera oil is reported for the first time as potential feedstock for biodiesel. Moringa oleifera oil contains a high amount of oleic acid (>70%) with sat...

  20. Food Insecurity, Malnutrition and Crude Oil Spillage in a Rural ...

    African Journals Online (AJOL)

    Food Insecurity, Malnutrition and Crude Oil Spillage in a Rural Community in Bayelsa State, South-South Nigeria. B Ordinioha, W Sawyer. Abstract. Background: Oil is the main stay of Nigeria\\'s economy, but most residents in the oil producing communities still depend entirely on the environment for their sustenance; and so ...

  1. Oil price shocks and the US economy: What makes the latest oil price episode different

    OpenAIRE

    Maria Dolores Gadea; Ana Gomez-Loscos

    2014-01-01

    This paper distinguishes different periods in the relationship between oil price shocks, economic growth, and inflation for the US economy. Focusing on the latest period, covering mainly the noughties, a change is found in the exogeneity pattern associated with recent oil price episodes. A significant effect of GDP growth on oil price movements is identified, while there is no evidence of any influence of the latter on either GDP growth or inflation found.

  2. Economics Aspects of Increasing the Oil Price

    Directory of Open Access Journals (Sweden)

    Grendel Peter

    2004-09-01

    Full Text Available In paper I describe mainly high price of oil, which has influence on many circumstances. The important effect on growing up the price of oil has situation in Mid-east, and everyday rising consumption of oil in China. Meaningful position have USA, which using 45% of word energy. The problem is particularly in daily mining of lode. In next part i describing aspect of this situation on stock-exchange, mainly behaviour of speculators, and OPEC, and also presure on inflation in Euro-zone. In the last chapter I discuss about reaction of the big world oil concern like CONOCO, SHELL, BP, OMV and MOL.

  3. Application of biosurfactant produced from peanut oil cake by Lactobacillus delbrueckii in biodegradation of crude oil.

    Science.gov (United States)

    Thavasi, Rengathavasi; Jayalakshmi, Singaram; Banat, Ibrahim M

    2011-02-01

    Lactobacillus delbrueckii cultured with peanut oil cake as the carbon source yielded 5.35 mg ml(-1) of biosurfactant production. Five sets of microcosm biodegradation experiments were carried out with crude oil as follows: set 1 - bacterial cells+crude oil, set 2 - bacterial cells+crude oil+fertilizer, set 3 - bacterial cells+crude oil+biosurfactant, set 4 - bacterial cells+crude oil+biosurfactant+fertilizer, set 5 - with no bacterial cells, fertilizer and biosurfactant (control). Maximum degradation of crude oil was observed in set 4 (75%). Interestingly, when biosurfactant and bacterial cells were used (set 3), significant oil biodegradation activity occurred and the difference between this treatment and that in set 4 was 7% higher degradation level in microcosm experiments. It is evident from the results that biosurfactants alone is capable of promoting biodegradation to a large extent without added fertilizers. Copyright © 2010 Elsevier Ltd. All rights reserved.

  4. Effects of crude oil and dispersed crude oil on the critical swimming speed of puffer fish, Takifugu rubripes.

    Science.gov (United States)

    Yu, Xiaoming; Xu, Chuancai; Liu, Haiying; Xing, Binbin; Chen, Lei; Zhang, Guosheng

    2015-05-01

    In order to examine the effects of crude oil and dispersed crude oil (DCO) on the swimming ability of puffer fish, Takifugu rubripes, the critical swimming speeds (U crit) of fish exposed to different concentrations of water-soluble fraction (WSF) of crude oil and DCO solution were determined in a swimming flume. WSF and DCO significantly affected the U crit of puffer fish (p puffer fish exposed to 136 mg L(-1) WSF and 56.4 mg L(-1) DCO decreased 48.7 % and 43.4 %, respectively. DCO was more toxic to puffer fish than WSF. These results suggested that crude oil and chemically dispersed oil could weaken the swimming ability of puffer fish.

  5. Biodiesel production in crude oil contaminated environment using Chlorella vulgaris.

    Science.gov (United States)

    Xaaldi Kalhor, Aadel; Mohammadi Nassab, Adel Dabbagh; Abedi, Ehsan; Bahrami, Ahmad; Movafeghi, Ali

    2016-12-01

    Biodiesel is a valuable alternative to fossil fuels and many countries choose biodiesel as an unconventional energy source. A large number of investigations have been done on microalgae as a source of oil production. In recent years, wastewater pollutions have caused many ecological problems, and therefore, wastewater phycoremediation has attracted the international attention. This paper studied the cultivation of Chlorella vulgaris in a crude oil polluted environment for biodiesel production. Intended concentrations were 10 and 20gperliter (crude oil/water) at two times. The results showed that the growth of C. vulgaris was improved in wastewater and the maximum amount of dry mass and oil was produced at the highest concentration of crude oil (0.41g and 0.15g/l, respectively). In addition, dry mass and oil yield of the microalga were significantly enhanced by increasing the experiment duration. Copyright © 2016 Elsevier Ltd. All rights reserved.

  6. Crude-oil vs coal-oil processing comparison study. Final report

    Energy Technology Data Exchange (ETDEWEB)

    1979-11-01

    This study evaluates three refinery schemes that have been developed for the processing of H-Coal liquids. The refinery processing employed for the naphtha and lighter components of the H-Coal liquid is essentially the same for all three schemes. It is in the processing of the H-Coal distillate product that refinery variations occur, and these differences are outlined: hydrotreating of the middle coal distillate to produce a No. 2 fuel oil equivalent product; hydrocracking of the total coal distillate to produce more gasoline and higher quality distillate fuel; and hydrotreating of the light coal distillate to a No. 2 fuel oil equivalent, and hydrogenating the heavy coal distillate to upgrade feedstock to a fluid catalytic cracking (FCC) unit. To provide a perspective of the value of coal liquid relative to petroleum, a parallel set of petroleum refinery schemes, processing a 65/35 Light/Heavy Arabian crude oil blend, was developed: reduced crude desulfurization with FCC processing of the desulfurized VGO; reduced crude desulfurization with hydrocracking of the desulfurized VGO; solvent demetallization of the vacuum pitch with desulfurization and FCC processing of VGO and demetallized oil; and solvent demetallization of the vacuum pitch with hydrocracking of the VGO and demetallized oil. Various gasoline to distillate ratios were set as parameters in developing the best possible processing schemes. Linear programming techniques were used to select the optimal schemes at various product ratios. Applying the same product prices to all cases and subtracting operating costs and the capital change, a comparative feedstock value is calculated. This method places the various refinery schemes on a common basis and gives an appraisal of the relative value of the H-Coal liquid charge stock, based on new refinery facilities.

  7. Evaluation of crude flaxseed ( Linum usitatissimum L.) oil in burn ...

    African Journals Online (AJOL)

    Evaluation of crude flaxseed (Linum usitatissimum L.) oil in burn wound healing in New Zealand rabbits. Katiba Beroual, Amir Agabou, Mohamed-Cherif Abdeldjelil, Naima Boutaghane, Saïd Haouam, Youcef Hamdi-Pacha ...

  8. Birds associated with the Atigun River crude oil spill (TAPS)

    Data.gov (United States)

    US Fish and Wildlife Service, Department of the Interior — This report summarizes observations of birds and bird habitats in relations to the Atigun River crude oil spill. (TAPS 10 June 1979). The purpose of this report is...

  9. The relationship between SARA fractions and crude oil stability

    Directory of Open Access Journals (Sweden)

    Siavash Ashoori

    2017-03-01

    Full Text Available Asphaltene precipitation and deposition are drastic issues in the petroleum industry. Monitoring the asphaltene stability in crude oil is still a serious problem and has been subject of many studies. To investigate crude oil stability by saturate, aromatic, resin and asphaltene (SARA analysis seven types of crudes with different components were used. The applied methods for SARA quantification are IP-143 and ASTM D893-69 and the colloidal instability index (CII is computed from the SARA values as well. In comparison between CII results, the values of oil compositions demonstrated that the stability of asphaltenes in crude oils is a phenomenon that is related to all these components and it cannot be associated only with one of them, individually.

  10. Efficacy of intervention strategies for bioremediation of crude oil in ...

    African Journals Online (AJOL)

    Efficacy of intervention strategies for bioremediation of crude oil in polluted soil microcosm. ... of the aliphatic and aromatic components have been degraded in the augmented soil, higher than the natural attenuation control. Key words: Biodegradation, Biostimulation, Bioaugmentation, Microcosm, Attenuation, Metabolize.

  11. Economic Evaluation of Crop Farms Acquired for Crude Oil ...

    African Journals Online (AJOL)

    User

    2011-04-19

    Eweje, 2006; Ezeabasili, 2009). With distortions in the major livelihood activities of the people of Rivers. State due to crude oil production operations, the question this article asks is: what value of economic losses had crop ...

  12. Kurdistan crude oils as feedstock for production of aromatics

    Directory of Open Access Journals (Sweden)

    Abdulsalam R. Karim

    2017-05-01

    Full Text Available Crude oils from various locations in Iraqi Kurdistan were fully evaluated, so that enables refiners to improve their operation by selecting the best crude oil that yields high naphtha content to be used as a catalytic reforming feedstock after determination of total sulfur content and then de sulfurizing them, then cyclizing or reforming these sweet naphtha cuts to produce aromatic fractions which can be split into benzene, toluene, and xylenes.

  13. Effect of asphaltenes on crude oil wax crystallization

    DEFF Research Database (Denmark)

    Kriz, Pavel; Andersen, Simon Ivar

    2005-01-01

    The paper summarizes the experimental work done on asphaltene influenced wax crystallization. Three different asphaltenes (from stable oil, instable oil, and deposit) were mixed at several concentrations or dispersions into the waxy crude oil. These blends were evaluated by viscometry and yield...... stress measurement and compared with the original crude oil. A complex asphaltene−wax interaction as a function of asphaltene concentration and degree of asphaltene dispersion under dynamic and static condition was observed. The crystallization and the wax network strength was strongly dependent...... influence the wax crystallization at static condition more significantly than the more flocculated....

  14. Macroeconomics of oil price volatility | Ahuru | Journal of Research ...

    African Journals Online (AJOL)

    Nigeria has a long history with oil. Among the challenges associated with oil, frequent changes in the prices of oil have produced macro-fiscal risk for the country. This study attempts to verity the direct and indirect impact of oil price volatility on Nigeria's economy. The indirect impact attempts to trace the impact of oil price ...

  15. Evolutionary responses to crude oil from the Deepwater Horizon oil spill by the copepod Eurytemora affinis.

    Science.gov (United States)

    Lee, Carol Eunmi; Remfert, Jane Louise; Opgenorth, Taylor; Lee, Kristin M; Stanford, Elizabeth; Connolly, Joseph William; Kim, Jinwoo; Tomke, Sarah

    2017-09-01

    The BP Deepwater Horizon Oil Disaster was the most catastrophic offshore oil spill in U.S. history, yet we still have a poor understanding of how organisms could evolve in response to the toxic effects of crude oil. This study offers a rare analysis of how fitness-related traits could evolve rapidly in response to crude oil toxicity. We examined evolutionary responses of populations of the common copepod Eurytemora affinis residing in the Gulf of Mexico, by comparing crude oil tolerance of populations collected before versus after the Deepwater Horizon oil spill of 2010. In addition, we imposed laboratory selection for crude oil tolerance for ~8 generations, using an E. affinis population collected from before the oil spill. We found evolutionary increases in crude oil tolerance in the wild population following the oil spill, relative to the population collected before the oil spill. The post-oil spill population showed increased survival and rapid development time in the presence of crude oil. In contrast, evolutionary responses following laboratory selection were less clear; though, development time from metamorphosis to adult in the presence of crude oil did become more rapid after selection. We did find that the wild population, used in both experiments, harbored significant genetic variation in crude oil tolerance, upon which selection could act. Thus, our study indicated that crude oil tolerance could evolve, but perhaps not on the relatively short time scale of the laboratory selection experiment. This study contributes novel insights into evolutionary responses to crude oil, in directly examining fitness-related traits before and after an oil spill, and in observing evolutionary responses following laboratory selection.

  16. Producing quality synthetic crude oil from Canadian oil sands bitumen

    Energy Technology Data Exchange (ETDEWEB)

    Yui, S. [Syncrude Canada Ltd., Edmonton, AB (Canada). Edmonton Research Centre

    2008-07-01

    This study discussed the bitumen upgrading process and bitumen properties. Recent research on bitumen upgrading was reviewed, and methods of processing bitumens in conventional oil refineries were discussed. The study determined that bitumens contain large amounts of sulfur, aromatics, carbon residues, asphaltenes, and nitrogen, the majority of which is located in the last 15 per cent of the bitumen, or end cut. New upgrading processes used by Syncrude included an extraction and froth treatment plant, a diluent recovery unit (DRU) and vacuum distillation unit (VDU). Liquid products from the hydrotreaters were blended as synthetic crude oil (SCO) and shipped to refineries. The study also reviewed hydrotreating methods for gas oils; hydrocracking technologies; olefins and diolefins hydrogenation of coker naphtha; and aromatics hydrogenation. Tools to monitor the performance of commercial hydrotreaters were discussed, and the kinetics of aromatics hydrogenation were reviewed. Details of molecular structure analyses were presented. It was concluded that hydrotreating is an effective means of producing good quality SCO. 53 refs., 6 tabs., 10 figs.

  17. Standard guide for determining corrosivity of crude oils

    CERN Document Server

    American Society for Testing and Materials. Philadelphia

    2010-01-01

    1.1 This guide presents some generally accepted laboratory methodologies that are used for determining the corrosivity of crude oil. 1.2 This guide does not cover detailed calculations and methods, but rather a range of approaches that have found application in evaluating the corrosivity of crude oil. 1.3 Only those methodologies that have found wide acceptance in crude oil corrosivity evaluation are considered in this guide. 1.4 This guide does not address the change in oil/water ratio caused by accumulation of water at low points in a pipeline system. 1.5 This guide is intended to assist in the selection of methodologies that can be used for determining the corrosivity of crude oil under conditions in which water is present in the liquid state (typically up to 100°C). These conditions normally occur during oil and gas production, storage, and transportation in the pipelines. 1.6 This guide does not cover the evaluation of corrosivity of crude oil at higher temperatures (typically above 300°C) that oc...

  18. Early warning model based on correlated networks in global crude oil markets

    Science.gov (United States)

    Yu, Jia-Wei; Xie, Wen-Jie; Jiang, Zhi-Qiang

    2018-01-01

    Applying network tools on predicting and warning the systemic risks provides a novel avenue to manage risks in financial markets. Here, we construct a series of global crude oil correlated networks based on the historical 57 oil prices covering a period from 1993 to 2012. Two systemic risk indicators are constructed based on the density and modularity of correlated networks. The local maximums of the risk indicators are found to have the ability to predict the trends of oil prices. In our sample periods, the indicator based on the network density sends five signals and the indicator based on the modularity index sends four signals. The four signals sent by both indicators are able to warn the drop of future oil prices and the signal only sent by the network density is followed by a huge rise of oil prices. Our results deepen the application of network measures on building early warning models of systemic risks and can be applied to predict the trends of future prices in financial markets.

  19. Hybrid Soft Computing Schemes for the Prediction of Import Demand of Crude Oil in Taiwan

    Directory of Open Access Journals (Sweden)

    Yuehjen E. Shao

    2014-01-01

    Full Text Available Crude oil is the most important nonrenewable energy resource and the most key element for the world. In contrast to typical forecasts of oil price, this study aims at forecasting the demand of imported crude oil (ICO. This study proposes different single stage and two-stage hybrid stages of forecasting models for prediction of ICO in Taiwan. The single stage forecasting modeling includes multiple linear regression (MLR, support vector regression (SVR, artificial neural networks (ANN, and extreme learning machine (ELM approaches. While the first step of the two-stage modeling is to select the fewer but more significant explanatory variables, the second step is to generate predictions by using these significant explanatory variables. The proposed two-stage hybrid models consist of integration of different modeling components. Mean absolute percentage error, root mean square error, and mean absolute difference are utilized as the performance measures. Real data set of crude oil in Taiwan for the period of 1993–2010 and twenty-three associated explanatory variables are sampled and investigated. The forecasting results reveal that the proposed two-stage hybrid modeling is able to accurately predict the demand of crude oil in Taiwan.

  20. Pilot scale refinning of crude soybean oil | Mensah | Journal of ...

    African Journals Online (AJOL)

    A laboratory process for refining soybean has been scaled up to a 145 tonne per annum pilot plant to refine crude soybean oil. To define a basis of commercial operation of the plant, the process parameters obtained during the pilot plant testing were compared with the laboratory process parameters. The yield of refined oil ...

  1. Biodegradation of Crude-oil by Fungi Isolated from Cow ...

    African Journals Online (AJOL)

    contaminated soils. The samples were collected aseptically from four different cow dung dumping sites with no history of crude-oil pollution in Akure metropolis. These samples were analyzed for fungal loads and oil-degrading fungi using potato ...

  2. Eco-physiological assessment of crude oil pollution using avocado ...

    African Journals Online (AJOL)

    This study has demonstrated that soil treatment with crude oil has a highly significant effect of reducing the growth characters of P. americana and consequently, the yield. Based on the findings, the actual level at which oil may begin to damage plants especially P. americana may be 2% w/w contamination, although ...

  3. The effect factors of the pour point of crude oil

    Energy Technology Data Exchange (ETDEWEB)

    Zhang, Jun; Zhang, Shuichang; Zhu, Guangyou; Su, Jin; Cui, Jie [Research Institute of Petroleum Exploration and Development, PetroChina (China)], email: zhangjun506@163.com

    2010-07-01

    Crude oil does not freeze, but a freezing point is often used to describe the fluidness of crude oil, which is the highest temperature at which oil will stop flowing under specific test conditions. The freezing point of numerous samples of crude oil from the Tarim and the Junggar basins in China was measured. The freezing point is positively related to wax content for the Tarim basin samples, but negatively related to the content of resin and asphaltene. However, there are no obvious relationships between freezing point and wax, resin and asphaltene content for the Junggar samples. The results suggest that the freezing point of crude oil is mainly controlled by wax content if the wax content is not too low. Flow improvers affect the growth, modify the structure, and prevent the interlocking of wax crystals, thus enhancing the flow properties of crude oil. But when wax content is low, other factors will influence fluidness, such as the quantity and types of aromatics and heterocyclic compounds.

  4. Molecular Mechanisms of Crude Oil Developmental Toxicity in Fish.

    Science.gov (United States)

    Incardona, John P

    2017-07-01

    With major oil spills in Korea, the United States, and China in the past decade, there has been a dramatic increase in the number of studies characterizing the developmental toxicity of crude oil and its associated polycyclic aromatic compounds (PACs). The use of model fish species with associated tools for genetic manipulation, combined with high throughput genomics techniques in nonmodel fish species, has led to significant advances in understanding the cellular and molecular bases of functional and morphological defects arising from embryonic exposure to crude oil. Following from the identification of the developing heart as the primary target of crude oil developmental toxicity, studies on individual PACs have revealed a diversity of cardiotoxic mechanisms. For some PACs that are strong agonists of the aryl hydrocarbon receptor (AHR), defects in heart development arise in an AHR-dependent manner, which has been shown for potent organochlorine agonists, such as dioxins. However, crude oil contains a much larger fraction of compounds that have been found to interfere directly with cardiomyocyte physiology in an AHR-independent manner. By comparing the cellular and molecular responses to AHR-independent and AHR-dependent toxicity, this review focuses on new insights into heart-specific pathways underlying both acute and secondary adverse outcomes to crude oil exposure during fish development.

  5. Dispersed catalysts for transforming extra heavy crude oil into transportable upgraded crude: phase identification

    Energy Technology Data Exchange (ETDEWEB)

    Martinez, S.; Canizales, E.; Machin, I. [Gerencia Depttal de Investigacion Estrategica en Refinacion PDVSA Intevep (Venezuela); Segovia, X.; Rivas, A.; Lopez, E.; Pena, J.P.; Rojas, J.D.; Sardella, R. [Gerencia Depttal de Infraestructura y Mejoramiento en Faja Petrolifera PDVSA Intevep (Venezuela)

    2011-07-01

    A new technology to convert extra heavy crude oil into transportable upgraded crude has been developed. A water/oil emulsion composed of steam and catalyst precursors is introduced in the feed which then generates unsupported dispersed catalyst in situ under thermal decomposition. The aim of this paper is to characterize the particles. The study was conducted in a laboratory and on a pilot scale on three different vacuum residues using high resolution transmission electron microscopy and a transmission electron microscope. Results showed that the particles were formed by oxides and inorganic sulphur based in transition metals and their sizes ranged between 5 and 120 nm; in addition, good dispersion was observed. This study demonstrated that the process involved in the generation of dispersed catalyst is extremely complex and showed that further work with heavy crude oils and its residua is required to understand the mechanisms involved.

  6. Effect of subsidies to fossil fuel companies on United States crude oil production

    Science.gov (United States)

    Erickson, Peter; Down, Adrian; Lazarus, Michael; Koplow, Doug

    2017-11-01

    Countries in the G20 have committed to phase out `inefficient' fossil fuel subsidies. However, there remains a limited understanding of how subsidy removal would affect fossil fuel investment returns and production, particularly for subsidies to producers. Here, we assess the impact of major federal and state subsidies on US crude oil producers. We find that, at recent oil prices of US50 per barrel, tax preferences and other subsidies push nearly half of new, yet-to-be-developed oil investments into profitability, potentially increasing US oil production by 17 billion barrels over the next few decades. This oil, equivalent to 6 billion tonnes of CO2, could make up as much as 20% of US oil production through 2050 under a carbon budget aimed at limiting warming to 2 °C. Our findings show that removal of tax incentives and other fossil fuel support policies could both fulfil G20 commitments and yield climate benefits.

  7. Bacterial Biodegradation of Crude Oil Using Local Isolates

    Directory of Open Access Journals (Sweden)

    Raed S. Al-Wasify

    2014-01-01

    Full Text Available An experimental study was undertaken to assess the efficiency of Pseudomonas aeruginosa, Bacillus subtilis, and Acinetobacter lwoffi isolated from petroleum contaminated water and soil samples to degrade crude oil, separately and in a mixed bacterial consortium. Capillary gas chromatography was used for testing the effect of those bacterial species on the biodegradation of crude oil. Individual bacterial cultures showed less growth and degradation than did the mixed bacterial consortium. At temperature 22°C, the mixed bacterial consortium degraded a maximum of 88.5% of Egyptian crude oil after 28 days of incubation. This was followed by 77.8% by Pseudomonas aeruginosa, 76.7% by Bacillus subtilis, and 74.3% by Acinetobacter lwoffi. The results demonstrated that the selected bacterial isolates could be effective in biodegradation of oil spills individually and showed better biodegradation abilities when they are used together in mixed consortium.

  8. Bacterial Biodegradation of Crude Oil Using Local Isolates.

    Science.gov (United States)

    Al-Wasify, Raed S; Hamed, Shimaa R

    2014-01-01

    An experimental study was undertaken to assess the efficiency of Pseudomonas aeruginosa, Bacillus subtilis, and Acinetobacter lwoffi isolated from petroleum contaminated water and soil samples to degrade crude oil, separately and in a mixed bacterial consortium. Capillary gas chromatography was used for testing the effect of those bacterial species on the biodegradation of crude oil. Individual bacterial cultures showed less growth and degradation than did the mixed bacterial consortium. At temperature 22°C, the mixed bacterial consortium degraded a maximum of 88.5% of Egyptian crude oil after 28 days of incubation. This was followed by 77.8% by Pseudomonas aeruginosa, 76.7% by Bacillus subtilis, and 74.3% by Acinetobacter lwoffi. The results demonstrated that the selected bacterial isolates could be effective in biodegradation of oil spills individually and showed better biodegradation abilities when they are used together in mixed consortium.

  9. Basic properties of crude rubber seed oil and crude palm oil blend as a potential feedstock for biodiesel production with enhanced cold flow characteristics

    Energy Technology Data Exchange (ETDEWEB)

    Yusup, Suzana; Khan, Modhar [Chemical Engineering Department, Universiti Teknologi PETRONAS, Bandar Seri Iskandar, 31750 Tronoh, Perak (Malaysia)

    2010-10-15

    Research and development in the field of biodiesel showed that fatty acid methyl esters synthesized from agriculture or animal oils and fats, which exhibit qualifying properties, can replace diesel fuel used in internal combustion engine. However, the industry had some downfall recently with the fluctuating prices of edible oils and increasing demand for nutritional needs. Crude rubber seed oil (CRSO) and crude palm oil (CPO) were used in this study since both can be extracted and produced locally in Malaysia from their abundant plantations. The benefits of introducing such blend are that CRSO is considered a non-edible feedstock with no major industrial utilizations that has the potential to reduce the usage of CPO in biodiesel industry and was found to enhance the cold flow characteristics when blended with CPO by reducing the saturated fatty acids in the feedstock. The oils and blends were characterized for density, kinematic viscosity, heating value, acid value, free fatty acid content, refractive index, mono-, di- and triglycerides and sulphur content. Fatty acids composition and iodine value were established for an equivolume blend of the oils. (author)

  10. Optimal monetary policy and oil price shocks

    Science.gov (United States)

    Kormilitsina, Anna

    This dissertation is comprised of two chapters. In the first chapter, I investigate the role of systematic U.S. monetary policy in the presence of oil price shocks. The second chapter is devoted to studying different approaches to modeling energy demand. In an influential paper, Bernanke, Gertler, and Watson (1997) and (2004) argue that systematic monetary policy exacerbated the recessions the U.S. economy experienced in the aftermath of post World War II oil price shocks. In the first chapter of this dissertation, I critically evaluate this claim in the context of an estimated medium-scale model of the U.S. business cycle. Specifically, I solve for the Ramsey optimal monetary policy in the medium-scale dynamic stochastic general equilibrium model (henceforth DSGE) of Schmitt-Grohe and Uribe (2005). To model the demand for oil, I use the approach of Finn (2000). According to this approach, the utilization of capital services requires oil usage. In the related literature on the macroeconomic effects of oil price shocks, it is common to calibrate structural parameters of the model. In contrast to this literature, I estimate the parameters of my DSGE model. The estimation strategy involves matching the impulse responses from the theoretical model to responses predicted by an empirical model. For estimation, I use the alternative to the classical Laplace type estimator proposed by Chernozhukov and Hong (2003). To obtain the empirical impulse responses, I identify an oil price shock in a structural VAR (SVAR) model of the U.S. business cycle. The SVAR model predicts that, in response to an oil price increase, GDP, investment, hours, capital utilization, and the real wage fall, while the nominal interest rate and inflation rise. These findings are economically intuitive and in line with the existing empirical evidence. Comparing the actual and the Ramsey optimal monetary policy response to an oil price shock, I find that the optimal policy allows for more inflation, a

  11. Not on behalf of the crude oil; No en nombre del petroleo

    Energy Technology Data Exchange (ETDEWEB)

    Maugeri, Leonardo [Empresa Energetica, ENI (Italy)

    2003-07-15

    There are two major myths linked to the current concept of the crude oil: the lack of crude oil and the security related to energy. The government authorities should realize that it is necessary to expect some oil price volatility. They should also focus on boosting better supply habits and on having more realistic public expectations and healthier policies for Middle East. [Spanish] En el pensamiento actual sobre el petroleo se destacan dos mitos: la escasez del petroleo y la seguridad en materia de energeticos. Los gobernantes deben darse cuenta de que hay que esperar cierta volatilidad en los precios del petroleo y concentrarse en promover mejores habitos de consumo, expectativas publicas mas realistas y politicas mas sanas para Medio Oriente.

  12. Heavy crude oils - From Geology to Upgrading - An Overview

    Energy Technology Data Exchange (ETDEWEB)

    Huc, A.Y.

    2010-07-01

    Heavy oils, extra-heavy oils and tar sands are major players for the future of energy. They represent a massive world resource, at least the size of conventional oils. They are found all over the world but Canada and Venezuela together account, by themselves, for more than half of world deposits. They share the same origin as the lighter conventional oils, but their geological fate drove them into thick, viscous tar-like crude oils. Most of them result from alteration processes mediated by microbial degradation. They are characterized by a low content of lighter cuts and a high content of impurities such as sulfur and nitrogen compounds and metals; so, their production is difficult and deployment of specific processes is required in order to enhance their transportability and to upgrade them into valuable products meeting market needs, and honouring environmental requirements. Although these resources are increasingly becoming commercially producible, less than 1% of total heavy crude oil deposits worldwide are under active development. The voluntarily wide scope of this volume encompasses geology, production, transportation, upgrading, economics and environmental issues of heavy oils. It does not pretend to be exhaustive, but to provide an authoritative view of this very important energy resource. Besides presenting the current status of knowledge and technology involved in exploiting heavy oils, the purpose is to provide an insight into technical, economic and environmental challenges that should be taken up in order to increase the efficiency of production and processing, and finally to give a prospective view of the emerging technologies which will contribute to releasing the immense potential reserves of heavy oil and tar deposits. Contents: Part 1. Heavy Crude Oils.1. Heavy Crude Oils in the Perspective of World Oil Demand. 2. Definitions and Specificities. 3. Geological Origin of Heavy Crude Oils. 4. Properties and composition. Part 2. Reservoir Engineering

  13. 30 CFR 203.54 - How does my relief arrangement for an oil and gas lease operate if prices rise sharply?

    Science.gov (United States)

    2010-07-01

    ... arrangement for an oil and gas lease operate if prices rise sharply? In those months when your current... closing prices on the NYMEX for light sweet crude oil and natural gas over the most recent full 12... 30 Mineral Resources 2 2010-07-01 2010-07-01 false How does my relief arrangement for an oil and...

  14. Testing the weak-form efficiency of the WTI crude oil futures market

    Science.gov (United States)

    Jiang, Zhi-Qiang; Xie, Wen-Jie; Zhou, Wei-Xing

    2014-07-01

    The weak-form efficiency of energy futures markets has long been studied and empirical evidence suggests controversial conclusions. In this work, nonparametric methods are adopted to estimate the Hurst indexes of the WTI crude oil futures prices (1983-2012) and a strict statistical test in the spirit of bootstrapping is put forward to verify the weak-form market efficiency hypothesis. The results show that the crude oil futures market is efficient when the whole period is considered. When the whole series is divided into three sub-series separated by the outbreaks of the Gulf War and the Iraq War, it is found that the Gulf War reduced the efficiency of the market. If the sample is split into two sub-series based on the signing date of the North American Free Trade Agreement, the market is found to be inefficient in the sub-periods during which the Gulf War broke out. The same analysis on short-time series in moving windows shows that the market is inefficient only when some turbulent events occur, such as the oil price crash in 1985, the Gulf war, and the oil price crash in 2008.

  15. REVIEW OF PVT CORRELATIONS FOR CRUDE OILS

    African Journals Online (AJOL)

    win

    ”An Artificial Neural. Network as a Valuable Tool for Petroleum. Engineers,” SPE 29220, unsolicited paper for Society of Petroleum Engineers. Obomanu, D. A. and Okpobiri, G. A., 1987. “Correlating the. PVT Properties of Nigerian Crudes,” Trans, ASME. 109: 214-24. Omar, M. I. and Todd, A. C., 1993. “Development of New.

  16. Liquid ultrasonic flow meters for crude oil measurement

    Energy Technology Data Exchange (ETDEWEB)

    Kalivoda, Raymond J.; Lunde, Per

    2005-07-01

    Liquid ultrasonic flow meters (LUFMs) are gaining popularity for the accurate measurement of petroleum products. In North America the first edition of the API standard ''Measurement of liquid hydrocarbons by ultrasonic flow meters using transit time technology'' was issued in February 2005. It addresses both refined petroleum products and crude oil applications. Its field of application is mainly custody transfer applications but it does provide general guidelines for the installation and operation of LUFM's other applications such as allocation, check meters and leak detection. As with all new technologies performance claims are at times exaggerated or misunderstood and application knowledge is limited. Since ultrasonic meters have no moving parts they appear to have fewer limitations than other liquid flow meters. Liquids ultrasonic flow meters, like turbine meters, are sensitive to fluid properties. It is increasingly more difficult to apply on high viscosity products then on lighter hydrocarbon products. Therefore application data or experience on the measurement of refined or light crude oil may not necessarily be transferred to measuring medium to heavy crude oils. Before better and more quantitative knowledge is available on how LUFMs react on different fluids, the arguments advocating reduced need for in-situ proving and increased dependency on laboratory flow calibration (e.g. using water instead of hydrocarbons) may be questionable. The present paper explores the accurate measurement of crude oil with liquid ultrasonic meters. It defines the unique characteristics of the different API grades of crude oils and how they can affect the accuracy of the liquid ultrasonic measurement. Flow testing results using a new LUFM design are discussed. The paper is intended to provide increased insight into the potentials and limitations of crude oil measurement using ultrasonic flow meters. (author) (tk)

  17. Imported resources - oil crude oil processing in the Czech Republic and its prospectives

    Energy Technology Data Exchange (ETDEWEB)

    Soucek, I.; Ottis, I. [Kaucuk, Kralupy nad Vitavou (Czechoslovakia)

    1995-12-01

    This paper examines the availability of various crude oils, addressing specifically crude oil pipelines to the Czech Republic, both existing and under construction. Secondly, the economic status of two main Czech refineries is examined in comparison to international trends, technical configurations, and product supply and demand.

  18. The influence of magnetic fields on crude oils viscosity

    Energy Technology Data Exchange (ETDEWEB)

    Goncalves, Jose L.; Bombard, Antonio J. F. [Universidade Federal de Itajuba (UNIFEI), Itajuba, MG (Brazil). Instituto de Ciencias Exatas. Lab. de Reologia

    2009-07-01

    The crystallization of paraffin causes serious problems in the process of transportation of petroleum. This phenomenon increases the crude oil viscosity and implies an organic resin accumulation on pipeline wall, resulting in a reduced flux area or totally blocked pipes. One of the most challenging tasks for pipeline maintenance is solving this problem at low cost. Therefore, a method that inhibits the crystallization of paraffin and reduces the viscosity of crude oil could have many useful applications within the petroleum industry. Recent studies showed that magnetic fields reduce the Wax Appearance Temperature (WAT) and the viscosity of paraffin-based crude oil. For better understanding of this discovery, a series of tests was performed. This paper will show the influence of a DC magnetic field on rheological proprieties of three crude oils with different paraffin concentrations: a crude oil sample with 11 % p/p of paraffin concentration (sample 1); a crude oil sample with 6 % p/p of paraffin concentration (sample 2); a mixture of paraffin plus light crude oil with a total of 11 % p/p of paraffin concentration. These samples were placed in an electromagnet that generates a magnetic field of 1.3 Tesla. The samples' temperatures were conditioned around their Wax Appearance Temperature (WAT), and they were exposed to the field. As the viscosity of crude oil is very sensitive to the changes in temperature, it was ensured that the temperature has remained constant throughout the process. The sample 1 revealed a considerable reduction of viscosity: its original viscosity was 66 cP before magnetic field exposure, after that its viscosity was reduced to 39 cP. The other samples showed the same viscosity, before and after the magnetic field exposure. Since the samples 1 and 3 have the same paraffin concentrations, the viscosity reduction is not due only to the presence of paraffin; there must be other factors responsible for the interaction of sample 1 with the

  19. Seahorse (Hippocampus reidi) as a bioindicator of crude oil exposure.

    Science.gov (United States)

    Delunardo, Frederico Augusto Cariello; de Carvalho, Luciano Rodrigues; da Silva, Bruno Ferreira; Galão, Michel; Val, Adalberto Luís; Chippari-Gomes, Adriana R

    2015-07-01

    This study explored the suitability of the seahorse Hippocampus reidi (Ginsburg, 1933) for assessing biomarkers of genotoxic effects and its use as a sentinel organism to detect the effects of acute exposure to petroleum hydrocarbons. Fish were exposed to three concentrations of crude oil (10, 20 and 30 g/kg) for 96 h, and the activity of phase II biotransformation enzyme glutathione S-transferase (GST) was measured. In addition, we performed genotoxicity assays, such as comet assay, micronucleus (MN) test and nuclear abnormalities (NA) induction, on the erythrocytes of the fish species. Our results revealed that the inhibition of hepatic GST activity in H. reidi was dependent on increasing crude oil concentrations. In contrast, an increase in the damage index (DI) and MN frequency were observed with increased crude oil concentrations. These results indicate that the alkaline comet assay and micronucleus test were suitable and useful in the evaluation of the genotoxicity of crude oil, which could improve determinations of the impact of oil spills on fish populations. In addition, H. reidi is a promising "sentinel organism" to detect the genotoxic impact of petroleum hydrocarbons. Copyright © 2015 Elsevier Inc. All rights reserved.

  20. Effects of Crude Oil and Oil Products on Growth of Some Edible ...

    African Journals Online (AJOL)

    The vegetative growth response of three local edible mushrooms: Pleurotus pulmonarius (Pp), Pleurotus tuber-regium (Pt) and Lentinus squarrosulus (Ls) on different concentrations of Crude oil (COIL), Automotive Gasoline Oil (AGO), Fresh Engine Oil (ENGOIL) and Spent Engine Oil (SENGOIL) was investigated. The result ...

  1. Economic and environmental effects of the FQD on crude oil production from tar sands

    Energy Technology Data Exchange (ETDEWEB)

    Kampman, B.; De Buck, A.; Afman, M. [CE Delft, Delft (Netherlands); Van den Berg, J.; Otten, G.J. [Carbon Matters, Den Haag (Netherlands)

    2013-05-15

    The production of unconventional crudes in Canada and Venezuela and exports of these crudes to the EU are investigated. In addition the potential economic and environmental impact of the proposed EU FQD measures (Fuel Quality Directive) on the production of crudes from tar sands and on new tar sand exploration projects are examined. CE Delft has analysed the impact by using a dedicated cost model. For existing projects, the model determines the effect on the basis of marginal production costs. For planned projects the model used the net present value (NPV) of proposed investments. The impacts were determined for a range of crude oil prices and FQD price effects. Combined, for existing and new projects together, the maximum effect would be at a price level at 60 USD/bbl, with savings of up to 19 Mt CO2/y at an FQD price differential of 3 euro/bbl. This overall effect would be substantial and come on top of the total emission reduction effect of the FQD of 60 Mt CO2/y, which will be achieved mostly by the blending of low-carbon fuels and reduced flaring and venting. As part of the reduction of transport greenhouse gas (GHG) emissions, the revised FQD obliges fuel suppliers to reduce these emissions by 6% by 2020 on a well-to-wheel basis. The EU is currently developing a methodology to differentiate fossil fuels on the basis of feedstock and GHG emissions. In the proposal, diesel produced from tar sands, has been given a default emission value of 108.5 gCO2 eq/MJ, while diesel from conventional crude was set at 89.1 gCO2 eq/MJ. The Commission's proposal is currently undergoing an impact assessment and is expected to be resubmitted to the Council later this year (2013)

  2. Degradation of crude oil by marine cyanobacteria

    Digital Repository Service at National Institute of Oceanography (India)

    Raghukumar, C.; Vipparty, V.; David, J.J.; Chandramohan, D.

    . Additionally, these cultures formed excellent cyanobacterial mats when grown in mixed cultures, and thus have the potential for use in mitigating oil pollution on seashores, either individually or in combination...

  3. CRUDE OIL TRANSPORT FROM THE CASPIAN SEA REGION TO EUROPE

    Directory of Open Access Journals (Sweden)

    Adam Przybyłowski

    2014-07-01

    Full Text Available In the contemporary world, despite the growing importance and scale of the use of renewable energy , conventional energy resources still play a huge role. The European Union countries are dependent on the oil imports and the their main supplier of crude oil and natural gas has been the Russian Federation. After the collapse of the Soviet Union , the Caspian Sea region has become an alternative to Russian energy resources. The Unit-ed States , European Union, China and many other countries have shown their interest about this region. Despite a relatively large oil and natural gas reserves, the export of the-se commodities to the West is still problematic. Based on the available data and infor-mation, the publication explores the issue of energy resources transport directions with a particular emphasis on the crude oil from the Caspian Sea region to Europe.

  4. The Effects of Oil Price Volatility on the Sudanese Economy ...

    African Journals Online (AJOL)

    The empirical results reveal that oil price shocks have significant effects on the main macroeconomic variables such as, real GDP, inflation and exchange rate. Moreover, the study found an evidence of asymmetry relationship between oil prices changes and macro variables. Keywords: Oil price shocks, VAR, impulse ...

  5. Health, Wealth and the Price of Oil.

    Science.gov (United States)

    Evans, Robert G

    2016-05-01

    The correlation between health and wealth is arguably a very solidly established relationship. Yet that relationship may be reversing. Falling oil prices have raised (average) per capita incomes, worldwide. But from a long-run perspective they are a public health disaster. The latter is easy to see: low oil reduces the incentive to develop alternative energy sources and "bend the curve" of global warming. Their principal impact on incomes has been redistributional - Alberta and Russia lose, Ontario and Germany gain, etc. Zero net gain. But the price has fallen because technical progress in extracting American shale oil has forced the Saudis' hand. These efficiencies have real benefits for (average) incomes, but costs for long-run health. A compensating carbon tax is an obvious response. Copyright © 2016 Longwoods Publishing.

  6. The phytoremediation of crude oil-polluted aquatic environment by ...

    African Journals Online (AJOL)

    A phytoremediation experiment was carried out in the Department of Wildlife and Fisheries Management, University of Ibadan, Nigeria to examine the ability of water hyacinth (Eichhornia crassipes) to detoxify crude oil-polluted aquatic environments. There were fifteen (15) experimental units; twelve (12) had water hyacinth ...

  7. Investigating Asphaltenes Composition in Crude Oil Samples using ...

    African Journals Online (AJOL)

    MBI

    2015-12-22

    Wolf and. Alfani, 1982). ... mixture of dichloromethane: methanol (97:3 v/v) for 3 minutes and oven dried for 90 seconds at. 65oC. .... Mexican crude oils, Energy and Fuel, 23,. 1603–1609. Crek, J.L. (2005). Freedom of action in ...

  8. Bioremediation of a crude oil polluted tropical rain forest soil ...

    African Journals Online (AJOL)

    A combination of options including Biostimulation with agricultural fertilizers, Bioaugumentation and physical processes were evaluated in-situ in the clean-up of crude oil polluted tropical rain forest soil for a period of nine weeks. Soil physicochemical parameters such as moisture (19% to 13%), pH (6.34 to 4.5) and organic ...

  9. Effects of Ingested Crude Oil Contaminated Diets on Antioxidant ...

    African Journals Online (AJOL)

    ADOWIE PERE

    ABSTRACT: In this study, we investigated the effect of orally administered crude oil contaminated diet on some biochemical parameters of wistar rat. Twenty ... accumulate in the body and induce toxic symptoms that sometimes result in death (Heintz et al., ... Port Harcourt, Nigeria. Formulation of diet: The contaminated diets ...

  10. (maize) to a crude oil polluted agricultural soil

    African Journals Online (AJOL)

    SERVER

    2007-06-04

    Jun 4, 2007 ... Department of Agricultural and Environmental Engineering, Rivers State University of Science and Technology, P. M. B.. 5080, Port Harcourt, Nigeria. Accepted 9 May, 2007. This research sought to investigate the tolerance level of Zea mays (maize) on a crude oil contaminated soil using indices of plant ...

  11. Growth performance traits of broilers exposed to crude oil flame ...

    African Journals Online (AJOL)

    This study was a simulation of what obtains in the petroleum producing areas, where gas flaring and oil spill pollution effects are felt. The experimental design was a 2-factor factorial in a completely randomized design (CRD), with factor A as distances from the crude petroleum flame and factor B as the age of the birds in ...

  12. effect of crude oil contamination on the compressive strength

    African Journals Online (AJOL)

    hp

    EFFECT OF CRUDE OIL CONTAMINATION ON THE COMPRESSIVE STRENGTH OF CONCRETE. S. O. Osuji & E. Nwankwo. Nigerian Journal of Technology,. Vol. 34, No. 2, April 2015 260 drink and use for all their requirements. In April 1997, samples taken from water used for drinking and washing by local villagers were ...

  13. An isolated bacterial consortium for crude oil biodegradation ...

    African Journals Online (AJOL)

    The bioremediation experiments were designed using DesignExpert 6.0.8 software by optimizing the amount of crude oil, microbial inoculum and sludge which are initially added to the autoclaved soil. Fifteen runs were carried out until no more microbial activity was noticed. The bioremediation results were compared with ...

  14. Clean technology for the crude palm oil industry in Thailand

    NARCIS (Netherlands)

    Chavalparit, O.

    2006-01-01

    The aims of this study were to assess the potential contribution of clean(er) technology to improve the environmental performance of the crude palm oil industry inThailand, to analyse implementation barriers for

  15. Remediation trials of crude oil contaminated soil using different ...

    African Journals Online (AJOL)

    There was also significant increase in the soil microbial counts in the amended soil as compared to the control. Therefore, detergent and sawdust in single or combinations can be used to restore crude oil polluted soil with the ability to reduce the toxic effect with treatment A (20 g detergent) and C (100 g sawdust) and D ...

  16. Assessment and bioremediation of heavy metals from crude oil ...

    African Journals Online (AJOL)

    The assessment of the levels of heavy metals present in crude oil contaminated soil and the application of the earthworm - Hyperiodrilus africanus with interest on the bioremediation of metals from the contaminated soil was investigated within a 90-days period under laboratory conditions. Selected heavy metals such as ...

  17. Evaluation of soil microbial communities as influenced by crude oil ...

    African Journals Online (AJOL)

    Impact of petroleum pollution in a vulnerable Niger Delta ecosystem was investigated to assess interactions in a first-generation phytoremediation site of a crude oil freshly-spilled agricultural soil. Community-level approach for assessing patterns of sole carbon-source utilization by mixed microbial samples was employed to ...

  18. Crude oil degrading potential of Pennisetum glaucum (L.) R. Br ...

    African Journals Online (AJOL)

    These treatments were repeated in soil without seeds and the control had no crude oil pollution. Total petroleum hydrocarbons (TPH) were determined for all soil samples using gas-liquid chromatography. Microbial count was carried out on soil rhizosphere using standard methods. The results show that percentage TPH ...

  19. Acute Toxicological Effects of Crude Oil On Haematological And ...

    African Journals Online (AJOL)

    The acute toxicological effects of Brass blend of crude oil on the haemoglobin concentration, and Liver functions in the Guinea pig were studied. 25 Guinea pigs divided into five animals per group were used for the study. They were divided into 5 groups. One group served as a control group, while the others received ...

  20. effect of crude oil contamination on the compressive strength

    African Journals Online (AJOL)

    hp

    1, 2 DEPARTMENT OF CIVIL ENGINEERING, UNIVERSITY OF BENIN, P. M. B. 1154, BENIN CITY, EDO STATE. NIGERIA. E-mail Address: ..... of the machine. 4.2.1 0% Crude Oil Contaminated Fine Aggregate. (Control Mix). A good concrete is expected to have its compressive strength increased with age. Similar to those.

  1. Economic Evaluation of Crop Farms Acquired for Crude Oil ...

    African Journals Online (AJOL)

    The study showed that large areas of crop farms in the state were acquired for crude oil production activities. Due to the small scale nature of farms in Nigeria, a lot of crop farmers in Rivers State were negatively affected which had resulted into agitation for resource control, continuous violence, conflicts, protests and ...

  2. Bioremediation of a Crude Oil Polluted Tropical Mangrove ...

    African Journals Online (AJOL)

    A combination of bioaugumentation with hydrocarbon utilizing indigenous bacteria, biostimulation with agricultural fertilizer (NPK 15:15:15) and tilling were employed as remedial options for 20 weeks in a crude oil polluted tidal plain dominated by mangrove (Rhizophora, Laguncularia and Avicenia) vegetation.

  3. Haematological changes associated with crude oil ingestion in ...

    African Journals Online (AJOL)

    Granulolytic leukocytes, which include neutrophils and eosinophils increased linearly (P<0.05). This increase is a physiological response to stress. Lymphocytes, antibody forming leukocytes decreased linearly, indicating a response to stress and susceptibility of the animal to infection. Crude oil fraction present in the diet ...

  4. Nitrogen fixing bacteria enhanced bioremediation of a crude oil ...

    African Journals Online (AJOL)

    ... of significance) The results indicated a higher bioremediation rate when nitrogen-fixing bacteria were used instead of when inorganic nutrient (fertilizer) were applied. Key words: - Nitrogen fixing bacteria, Bioremediation, Crude oil, Polluted soil, Fertilizer. (Global Journal of Pure and Applied Sciences: 2002 8(4): 455-470) ...

  5. Effects of Crude Oil Contaminated Water On Haematocrit and ...

    African Journals Online (AJOL)

    They were allowed access to rat feed and tap water ad libitum for two weeks acclimatization. Different concentrations of crude oil (5%, 10%, 15%, 20%) were mixed with tap water and served to five experimental groups. The sixth group received 100% tap water and served as control. The study lasted for 28 days after which ...

  6. Amendment of crude oil contaminated soil with sawdust and ...

    African Journals Online (AJOL)

    A study on the effectiveness of sawdust and chromoleana leaves as soil restorative measures to optimize plant growth at two intensities of crude oil contamination showed that both restore parity on the growth parameters (leaf area, leaf ratio, relative leaf growth rate, relative growth rate, and net assimilation rate) of crops ...

  7. Bioconcentration of Water Soluble Fraction (WSF) of crude oil in ...

    African Journals Online (AJOL)

    Bioconcentration of water soluble fraction of Australian crude oil in 50 fingerlings of Oreochromis niloticus was conducted under laboratory conditions for 28 days. An initial acute toxicity test was carried out using different concentrations (25ml/L, 50ml/L, 75ml/L, 100ml/L and a control) of the water soluble fraction (WSF) of ...

  8. Production of biodiesel from crude neem oil feedstock and its ...

    African Journals Online (AJOL)

    Yomi

    2012-03-15

    Mar 15, 2012 ... Sodium methoxide, anhydrous Calcium chloride, sulphuric acid, sodium thiosulphate etc. were analytical grades. Two – step acid – base catalyzed transesterification. Crude neem oil when transesterified using NaOH catalyst produced a significant amount of soaps from saponification side reaction. This.

  9. An analysis of the oil prices: stationary and forecasting models; Uma analise dos precos do petroleo no mercado internacional: estacionaridade e modelos de previsao

    Energy Technology Data Exchange (ETDEWEB)

    Salles, Andre A. de; Veiga, Iago E. B. da Costa; Machado, Rafael G.T. [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil)

    2008-07-01

    The movements of the oil prices in the international market are important for any planning, so the study of this variable is relevant for the investment and financing decisions of the production. The purpose of this work is to study the time series of the quotations of the spot prices of the crude oil in the international market. The objectives of this work are to study the movements of time series of the prices, and the returns, of the crude oil prices gives emphasis in the stationary. The other focus of this work is to develop forecasting models for the oil prices, or the returns of the oil prices. The selected sample was of the daily quotation of the prices of types WTI and Brent, for the period from January 2005 to April 2007. (author)

  10. World oil price behavior during oil supply disruptions: what can we learn from the past

    Energy Technology Data Exchange (ETDEWEB)

    Birdsall, T.H.

    1980-08-01

    The purpose of this paper is to: (1) examine how world oil prices have behaved during past oil supply disruptions, (2) attempt to understand why world oil prices have behaved during disruptions as they have, and (3) see what history foretells, if anything, for the behavior of world oil prices during future oil supply disruptions.

  11. Biodegradation of crude oil using marine Bacillus species from Vadinar coast, Gujarat, India

    Digital Repository Service at National Institute of Oceanography (India)

    Mulani, N.; Fulke, A.B.; DeSouza, E.; Ram, A.; Maloo, A.; Sayed, F.; Gajbhiye, S.N.

    , controlled burning and bioremediation. The present study aimed to isolate crude oil-degrading marine bacteria from Vadinar coastal area of Gujarat, India. Among seven isolates, three potential bacterial strains were chosen for crude oil and petroleum...

  12. On Boiling of Crude Oil under Elevated Pressure

    CERN Document Server

    Pimenova, Anastasiya V

    2015-01-01

    We construct a thermodynamic model for theoretical calculation of the boiling process of multicomponent mixtures of hydrocarbons (e.g., crude oil). The model governs kinetics of the mixture composition in the course of the distillation process along with the boiling temperature increase. The model heavily relies on the theory of dilute solutions of gases in liquids. Importantly, our results are applicable for modelling the process under elevated pressure (while the empiric models for oil cracking are not scalable to the case of extreme pressure), such as in an oil field heated by lava intrusions.

  13. On Boiling of Crude Oil under Elevated Pressure

    Science.gov (United States)

    Pimenova, Anastasiya V.; Goldobin, Denis S.

    2016-02-01

    We construct a thermodynamic model for theoretical calculation of the boiling process of multicomponent mixtures of hydrocarbons (e.g., crude oil). The model governs kinetics of the mixture composition in the course of the distillation process along with the boiling temperature increase. The model heavily relies on the theory of dilute solutions of gases in liquids. Importantly, our results are applicable for modelling the process under elevated pressure (while the empiric models for oil cracking are not scalable to the case of extreme pressure), such as in an oil field heated by lava intrusions.

  14. Detection of genetically modified soybean in crude soybean oil.

    Science.gov (United States)

    Nikolić, Zorica; Vasiljević, Ivana; Zdjelar, Gordana; Ðorđević, Vuk; Ignjatov, Maja; Jovičić, Dušica; Milošević, Dragana

    2014-02-15

    In order to detect presence and quantity of Roundup Ready (RR) soybean in crude oil extracted from soybean seed with a different percentage of GMO seed two extraction methods were used, CTAB and DNeasy Plant Mini Kit. The amplifications of lectin gene, used to check the presence of soybean DNA, were not achieved in all CTAB extracts of DNA, while commercial kit gave satisfactory results. Comparing actual and estimated GMO content between two extraction methods, root mean square deviation for kit is 0.208 and for CTAB is 2.127, clearly demonstrated superiority of kit over CTAB extraction. The results of quantification evidently showed that if the oil samples originate from soybean seed with varying percentage of RR, it is possible to monitor the GMO content at the first stage of processing crude oil. Copyright © 2013 Elsevier Ltd. All rights reserved.

  15. Radiation doses and hazards from processing of crude oil at the Tema oil refinery in Ghana.

    Science.gov (United States)

    Darko, E O; Kpeglo, D O; Akaho, E H K; Schandorf, C; Adu, P A S; Faanu, A; Abankwah, E; Lawluvi, H; Awudu, A R

    2012-02-01

    Processing of crude oil has been carried out in Ghana for more than four decades without measures to assess the hazards associated with the naturally occurring radionuclides in the raw and processed materials. This study investigates the exposure of the public to (226)Ra, (232)Th and (40)K in crude oil, petroleum products and wastes at the Tema oil refinery in Ghana using gamma-ray spectrometry. The study shows higher activity concentrations of the natural radionuclides in the wastes than the crude oil and the products with estimated hazard indices less than unity. The values obtained in the study are within recommended limits for public exposure indicating that radiation exposure from processing of the crude oil at the refinery does not pose any significant radiological hazard but may require monitoring to establish long-term effect on both public and workers.

  16. FAKTOR-FAKTOR YANG MEMPENGARUHI EKSPOR CRUDE PALM OIL INDONESIA DALAM PERDAGANGAN INTERNASIONAL

    National Research Council Canada - National Science Library

    fakhrus radifan

    2014-01-01

    Abstrak ___________________________________________________________________ Crude Palm Oil merupakan salah satu komoditas perkebunan ekspor unggulan yang mampu memberikan kontribusi dan sebagai salah...

  17. Can reserve additions in mature crude oil provinces attenuate supply-side peak oil?

    Energy Technology Data Exchange (ETDEWEB)

    Okullo, Samuel; Reynes, Frederic

    2010-09-15

    More often, oil supply has been modeled on the basis of resource availability and demand. The impact of strategy between oil producers has largely been ignored or overly simplified. In this paper, we formulate a model that embodies a weak and strong OPEC for varied rates of reserve additions. With this economic equilibrium model which has the capability to generate a supply side peak in oil production, we show that although reserves of conventional crude oil may seem abundant. OPEC has the ability to lead to substantial crude oil reserve depletion in non-OPEC countries by 2050 given likely depletion rates.

  18. The Effects of Oil Price Shocks on IIP and CPI in Emerging Countries

    Directory of Open Access Journals (Sweden)

    Yukino Sakashita

    2016-09-01

    Full Text Available In this paper, we investigate the effects of oil price shocks on the production and price level in five emerging countries through comparison with the United States, using a two-block structural VAR model of the global crude oil market proposed by Kilian and Park (see International Economic, vol. 50, 2009, pp. 1267–1287. Our main finding is that the effect of oil price shocks on the index of the industrial production (IIP and consumer price index (CPI in emerging countries also depends on where the changes fundamentally come from (this is also the case for the United States. We also found that some emerging countries showed unique impulse response patterns, the shapes of which are different from those of the United States and there are differences in impulse response patterns among emerging countries.

  19. How toxic is oil? Investigating specific receptor-mediated toxic effects of crude and refined oils

    NARCIS (Netherlands)

    Vrabie, C.M.|info:eu-repo/dai/nl/304836109

    2011-01-01

    Crude oils and refined oil products are major pollutants of the environment. Large oil spills, such as the recent blowout of the Deepwater Horizon in the Gulf of Mexico, raise concerns about the long term health effects of petroleum hydrocarbon exposure on wildlife and humans. In the environmental

  20. Clean energy firms’ stock prices, technology, oil prices, and carbon price

    OpenAIRE

    Mara Madaleno; Alfredo Marvão Pereira

    2015-01-01

    Production costs of alternative energies are still high, but increased demand for oil, future oil supply shortage concerns and climate change concerns, have led to the fast development of renewable energy firms. The sector accomplished has accomplished remarkable progress and attracted attention to clean energy, both at the industry level and at the academic side. With this work we attempt to determine whether or not the placement of a price on carbon emissions encourages investments in clean...

  1. The Effect of Oil Prices on Unemployment: Evidence from Pakistan

    OpenAIRE

    Ahmad, Fawad

    2013-01-01

    A developing country like Pakistan is heavily dependent on the oil as inputs for almost every industrial sector therefore increase in oil prices, increases inputs cost, consequently increasing production costs and unemployment rate. Existing literature has mostly focused on the relationship between unemployment and oil prices of developed countries, the current study used the data from developing country Pakistan to investigate the relationship between oil prices and unemployment. The current...

  2. Growth And Oil Futures Prices In Developing Countries

    OpenAIRE

    Salah Abosedra; Sajal Ghosh

    2011-01-01

    This paper examines cointegration and causality between oil prices and economic growth for the oil importing developing countries of Turkey, India, Pakistan, The Philippines and Korea. The study finds the absence of cointegrating relationship between oil prices and economic activity but the existence of unidirectional short-run causality running from oil prices to economic growths for The Philippines and Pakistan. Unidirectional causality is also found to exist from six and nine month futures...

  3. Microbial degradation of crude oil hydrocarbons on organoclay minerals.

    Science.gov (United States)

    Ugochukwu, Uzochukwu C; Manning, David A C; Fialips, Claire I

    2014-11-01

    The role of organoclays in hydrocarbon removal during biodegradation was investigated in aqueous clay/oil microcosm experiments with a hydrocarbon degrading microorganism community. The clays used for this study were Na-montmorillonite and saponite. These two clays were treated with didecyldimethylammonium bromide to produce organoclays which were used in this study. The study indicated that clays with high cation exchange capacity (CEC) such as Na-montmorillonite produced an organomontmorillonite that was inhibitory to biodegradation of the crude oil hydrocarbons. Extensive hydrophobic interaction between the organic phase of the organoclay and the crude oil hydrocarbons is suggested to render the hydrocarbons unavailable for biodegradation. However, untreated Na-montmorillonite was stimulatory to biodegradation of the hydrocarbons and is believed to have done so because of its high surface area for the accumulation of microbes and nutrients making it easy for the microbes to access the nutrients. This study indicates that unlike unmodified montmorillonites, organomontmorillonite may not serve any useful purpose in the bioremediation of crude oil spill sites where hydrocarbon removal by biodegradation is desired within a rapid time period. Copyright © 2014 Elsevier Ltd. All rights reserved.

  4. Progression of methanogenic degradation of crude oil in the subsurface

    Science.gov (United States)

    Bekins, B.A.; Hostettler, F.D.; Herkelrath, W.N.; Delin, G.N.; Warren, E.; Essaid, H.I.

    2005-01-01

    Our results show that subsurface crude-oil degradation rates at a long-term research site were strongly influenced by small-scale variations in hydrologic conditions. The site is a shallow glacial outwash aquifer located near Bemidji in northern Minnesota that became contaminated when oil spilled from a broken pipeline in August 1979. In the study area, separate-phase oil forms a subsurface oil body extending from land surface to about 1 m (3.3 ft) below the 6-8-m (20-26 ft)-deep water table. Oil saturation in the sediments ranges from 10-20% in the vadose zone to 30-70% near the water table. At depths below 2 m (6.6 ft), degradation of the separate-phase crude oil occurs under methanogenic conditions. The sequence of methanogenic alkane degradation depletes the longer chain n-alkanes before the shorter chain n-alkanes, which is opposite to the better known aerobic sequence. The rates of degradation vary significantly with location in the subsurface. Oil-coated soils within 1.5 m (5 ft) of land surface have experienced little degradation where soil water saturation is less than 20%. Oil located 2-8 m (6.6-26 ft) below land surface in areas of higher recharge has been substantially degraded. The best explanation for the association between recharge and enhanced degradation seems to be increased downward transport of microbial growth nutrients to the oil body. This is supported by observations of greater microbial numbers at higher elevations in the oil body and significant decreases with depth in nutrient concentrations, especially phosphorus. Our results suggest that environmental effects may cause widely diverging degradation rates in the same spill, calling into question dating methods based on degradation state. Copyright ?? 2005. The American Association of Petroleum Geologists/Division of Environmental Geosciences. All rights reserved.

  5. A semiparametric approach to short-term oil price forecasting

    Energy Technology Data Exchange (ETDEWEB)

    Morana, C. [University of Piemonte Orientale, Facolta di Economia, Via Lanino 1, 28100 Novara (Italy)

    2001-05-01

    In this paper it is shown how the GARCH properties of oil price changes can be employed to forecast the oil price distribution over short-term horizons. The forecasting methodology is semiparametric and it is based on the bootstrap approach. The results of an out-of-sample forecasting exercise, carried out using the Brent oil price series, suggest that the forecasting approach can be used to obtain a performance measure for the forward price, in addition to compute interval forecasts for the oil price.

  6. Fatty acid fragmentation of triacylglycerol isolated from crude nyamplung oil

    Science.gov (United States)

    Aparamarta, Hakun Wirawasista; Anggraini, Desy; Istianingsih, Della; Susanto, David Febrilliant; Widjaja, Arief; Ju, Yi-Hsu; Gunawan, Setiyo

    2017-05-01

    Nyamplung (Calophylluminophyllum) has many benefits ranging from roots, stems, leaves, until seeds. In this seed, C. inophyllum contained significantly high amount of crude oil (70.4%). C. inophyllum oil is known as non edible. Therefore Indonesian people generally only know that seeds can produce oil that can be used for biodiesel. In this work, the fragmentation of fatty acid in triacylglycerols (TAG) was studied. The isolation process was started with separation of non polar lipid fraction (NPLF) from crude C. inophyllum oil via batchwise multistage liquid extraction. TAG was obtained in high purity (99%) and was analyzed by Thin Layer Chromatography (TLC) and Gas Chromatography - Mass Spectrometry (GCMS). It was found that fatty acids of TAG are palmitic acid (C16:0), stearic acid (C18:0), oleic acid (C18:1c), linoleic acid (C18:2c), and linolenic acid (C18:3c). Moreover, TAG isolated from C. inophyllum oil was promising as edible oil.

  7. Monetarism and the oil price crisis

    Energy Technology Data Exchange (ETDEWEB)

    Balogh, T.

    Economists are divided in their interpretations of the oil price crisis into those supporting monetarism and the neoclassical Keynesian philosophy. These two interpretations are applied to the non-Soviet world prior to the 1973 oil embargo. The changes are shown to be due to a retreat from the inflation-producing Keynesian policies when they failed to end the boom-and-bust market cycles. If serious world depression is to be avoided, the author suggests that the high balance-of-payments surpluses of the desert oil countries must be accepted and global efforts to fight inflation and restore strong currencies must be resisted, although a mechanism is needed to deter speculative attacks on currencies. Sensible management of world monetary systems are needed to avoid a repetition of the 1930s, when monetarism brought social and political problems. 25 references.

  8. The Success of Economic Policies in Russia: Dependence on Crude Oil vs. Export Diversification

    Directory of Open Access Journals (Sweden)

    Elena Kuzmenko

    2017-01-01

    Full Text Available In the light of numerous debates around Russia’s dependence on crude oil and the necessity to diversify the Russian economy, the present paper investigates how closely federal budget revenues, structure of export basket and GDP growth in Russia are tied up with crude oil prices (POIL on the one hand and the real effective exchange rate of ruble (REER on the other. The study covers the period from 2000:Q1 till 2014:Q4 and employs index analysis along with vector error correction model (VECM based on Johansen co‑integration technique. The calculated REER revealed its significant appreciation, that together with a high share of mineral products in total Russian exports points to Dutch disease presence. The constructed econometric models revealed the existence of long‑run relationships among the analyzed indicators. Post‑estimation tests proved the validity of the VECMs. According to the obtained results, in order to stimulate “non‑oil” exports monetary authorities should depreciate national currency, whilst fiscal burden should be mild towards “non oil” producers. However, the observed dynamics of macroeconomic indicators points to the fact that the Russian economy is still substantially influenced by POIL and this influence is much more stronger than it is exerted by fiscal and monetary regulators. It allows us to conclude that crude oil will continue to play, at least in foreseeable future, a dominant role in further development of the Russian economy.

  9. Neo-Liberal International Economy and World Oil Price

    Energy Technology Data Exchange (ETDEWEB)

    Lee, Jun Beom [Korea National Oil Corporation, Anyang (Korea)

    2001-06-01

    World oil price has been rapidly going up for almost 2 years. The recent high oil price, which has started from March 1999 about to close the 20th century, ended the period of the low oil price that had continued in 1990s and made the entry into the period of the high oil price as an established fact, so the oil consumers have taken it as the considerable economic impacts. The possibility of the world economic stagnation, which has been raised recently, seems to reconfirm the conventional wisdom that the world economic stagnation comes after the period of the high oil price as the Minister of Energy department, Abraham Spencer, mentioned in March. However, it is necessary to differently understand the recent high oil price because it occurred under the circumstance of neo-liberalism, a new international economic system.

  10. Comparative Performance of Volatility Models for Oil Price

    Directory of Open Access Journals (Sweden)

    Afees A. Salisu

    2012-07-01

    Full Text Available In this paper, we compare the performance of volatility models for oil price using daily returns of WTI. The innovations of this paper are in two folds: (i we analyse the oil price across three sub samples namely period before, during and after the global financial crisis, (ii we also analyse the comparative performance of both symmetric and asymmetric volatility models for the oil price. We find that oil price was most volatile during the global financial crises compared to other sub samples. Based on the appropriate model selection criteria, the asymmetric GARCH models appear superior to the symmetric ones in dealing with oil price volatility. This finding indicates evidence of leverage effects in the oil market and ignoring these effects in oil price modelling will lead to serious biases and misleading results.

  11. Forecasting Value-at-Risk for Crude-Oil Exposures

    DEFF Research Database (Denmark)

    Høg, Esben; Tsiaras, Leonidas

    2009-01-01

    The purpose of this paper is to forecast and evaluate Value-At-Risk for crude-oil exposures. We examine the performance of a GARCH-type based model with lagged implied volatility entering the variance equation as explanatory variable for the predicted variance. The forecasted Values-at-Risk are c......The purpose of this paper is to forecast and evaluate Value-At-Risk for crude-oil exposures. We examine the performance of a GARCH-type based model with lagged implied volatility entering the variance equation as explanatory variable for the predicted variance. The forecasted Values......-at-Risk are calculated using Monte Carlo simulations. The resulting out-of-sample forecasts based on the simulations suggests that the GARCH method with implied volatility as explanatory variable captures the risk structure well....

  12. Crude oil and finished fuel storage stability: An annotated review

    Energy Technology Data Exchange (ETDEWEB)

    Whisman, M.L.; Anderson, R.P.; Woodward, P.W.; Giles, H.N.

    1991-01-01

    A state-of-the-art review and assessment of storage effects on crude oil and product quality was undertaken through a literature search by computer accessing several data base sources. Pertinent citations from that literature search are tabulated for the years 1980 to the present. This 1990 revision supplements earlier reviews by Brinkman and others which covered stability publications through 1979 and an update in 1983 by Goetzinger and others that covered the period 1952--1982. For purposes of organization, citations are listed in the current revision chronologically starting with the earliest 1980 publications. The citations have also been divided according to primary subject matter. Consequently 11 sections appear including: alternate fuels, gasoline, distillate fuel, jet fuel, residual fuel, crude oil, biodegradation, analyses, reaction mechanisms, containment, and handling and storage. Each section contains a brief narrative followed by all the citations for that category.

  13. Cracking of crude oil in the molten metals

    Directory of Open Access Journals (Sweden)

    Marat A. Glikin

    2014-03-01

    Full Text Available In this paper is investigated the process of crude oil and its individual fractions cracking in the molten metals medium to produce light petroleum products. Thermodynamic calculations demonstrate the possibility of using lead and tin including alloys thereof as the melt. The cracking of West Siberian crude oil is studied at temperatures 400-600 °C. It is detected that as the temperature increases there is increase of aromatic hydrocarbons and olefins content in gasoline while naphthenes, n- and i-paraffins content reduces. Optimal temperature for cracking in molten metals is ~500 °C. The use of a submerged nozzle increases the yield of light petroleum products by ~2%. The research octane number of gasoline produced is 82-87 points. It is determined that the yield of light petroleum products depending on the experimental conditions is increased from 46.9 to 55.1-61.3% wt.   

  14. FAKTOR-FAKTOR YANG MEMPENGARUHI EKSPOR CRUDE PALM OIL INDONESIA DALAM PERDAGANGAN INTERNASIONAL

    Directory of Open Access Journals (Sweden)

    fakhrus radifan

    2014-10-01

    can be renewed. However, Indonesia's CPO export volume tends to fluctuate and decline to make export constraints in international trade. This study aimed to investigate the effect of independent variables (Indonesian CPO production, exchange rate Euro / U.S. dollar and crude oil prices on the dependent variable (CPO exports in both the short and long term.This study uses time series data or time series. The analysis model used is an econometric analysis tool error correction model (Error Correction Model / ECM. Based on the results of this study , it can be concluded that the independent variables in the long-term have positive and significant impact on Indonesian CPO exports. For Indonesian CPO producers, it is expected to increase its production capacity, to watch on crude oil price progress and exchange rate against U.S dollar movement. © 2014 Universitas Negeri Semarang

  15. Thermal properties and burning efficiency of crude oils and refined fuel oil

    DEFF Research Database (Denmark)

    van Gelderen, Laurens; Alva, Wilson Ulises Rojas; Mindykowski, Pierrick Anthony

    2017-01-01

    -90% were obtained for heat fluxes of 40-50 kW/m2 for the crude oils and 80% at 30 kW/m2 for IFO 180. The heat feedback in large scale fires, however, was estimated to be about 17 kW/m2, for which the burning efficiencies were indicate that the increased heat feedback to the fuel......The thermal properties and burning efficiencies of fresh and weathered crude oils and a refined fuel oil were studied in order to improve the available input data for field ignition systems for the in-situ burning of crude oil on water. The time to ignition, surface temperature upon ignition, heat...... release rate, burning rate and burning efficiency of two fresh crude oils (DUC, a light crude and Grane, a heavy crude), one fresh refined fuel oil (IFO 180) and weathered DUC (30-40 wt% evaporated and 40 wt% evaporated with 40 vol% water) were tested. Experiments were conducted in a newly designed water...

  16. Enhanced recovery of conventional crude oils with flue gas

    Science.gov (United States)

    Shokoya, Olawale Surajudeen

    Flue gas injection is becoming more attractive as a feasible and environmentally friendly process for improving oil recovery from conventional oil reservoirs. When obtained from surface sources, the flue gas process has an added advantage of reducing carbon dioxide (CO2), a greenhouse gas, from being vented into the atmosphere. Flue gas can also be generated in situ by the spontaneous ignition of oil when air, a readily available gas, is injected into high temperature, high pressure conventional oil reservoirs. The availability of flue gas and/or air and the observed high oil recovery potential make the flue gas process an economically attractive process. The oil recovery potential from conventional oil reservoirs by flue gas injection, the displacement mechanism, and the effect of oil composition on these parameters were studied in the laboratory with three flue gas compositions having 0%, 16%, and 30% CO2 content and two recombined conventional crude oils (oils A and B) obtained from two different reservoirs. The oils were displaced by the flue gases in a 2.44 m (8 ft.) long, 5.1 cm (2 in.) diameter Berea sandstone core at irreducible brine saturation as well as in a 18.288m (60 ft.) long slim tube. These studies were conducted at reservoir pressures ranging from 17.62 MPa to 41.58 MPa and temperatures of 116°C and 80.6°C, corresponding to the respective reservoir temperature of the oils studied. Experimental coreflood results show that oil A recovery increases from 32.95% to 41.00% of the initial oil in place (IOIP) at 27.7 MPa as the CO 2 content in the flue gas increases from 0% to 30%. The recovery also increase with pressure from 32.95% to 50.94% IOIP at 0% CO2 flue gas content as the displacement pressure increases from 27.47 MPa to 41.58 MPa. Oil B recovery also increased from 45% to 50% IOIP with increase in CO 2 content in flue gas from 16% to 30% at 17.7 MPa. The results also show that conventional oil will benefit from enriched flue gas injection

  17. Biosurfactant production by Mucor circinelloides on waste frying oil and possible uses in crude oil remediation.

    Science.gov (United States)

    Hasanizadeh, Parvin; Moghimi, Hamid; Hamedi, Javad

    2017-10-01

    Biosurfactants are biocompatible surface active agents which many microorganisms produce. This study investigated the production of biosurfactants by Mucor circinelloides. The effects of different factors on biosurfactant production, including carbon sources and concentrations, nitrogen sources, and iron (II) concentration, were studied and the optimum condition determined. Finally, the strain's ability to remove the crude oil and its relationship with biosurfactant production was evaluated. The results showed that M. circinelloides could reduce the surface tension of the culture medium to 26.6 mN/m and create a clear zone of 12.9 cm diameter in an oil-spreading test. The maximum surface tension reduction was recorded 3 days after incubation. The optimum condition for biosurfactant production was achieved in the presence of 8% waste frying oil as a carbon source, 2 g/L yeast extract as a nitrogen source, and 0.01 mM FeSO4. M. circinelloides could consume 8% waste frying oil in 5 days of incubation, and 87.6% crude oil in 12 days of incubation. A direct correlation was observed between oil degradation and surface tension reduction in the first 3 days of fungal growth. The results showed that the waste frying oil could be recommended as an inexpensive oily waste substance for biosurfactant production, and M. circinelloides could have the potential to treat waste frying oil. According to the results, the produced crude biosurfactant or fungal strain could be directly used for the mycoremediation of crude oil contamination in oil fields.

  18. CRUDE PALM OIL AS A BIOADDITIVE IN POLYPROPYLENE BLOWN FILMS

    OpenAIRE

    Emiliana Rose Jusoh; Mohd Halim Shah Ismail,; Luqman Chuah Abdullah,; Robiah Yunus; Wan Aizan Wan Abdul Rahman

    2012-01-01

    Growing public concern about environment and potential risks to health in the polymer and plasticizer industry promises to increase the market for a safer alternative plasticizer such as a vegetable oil-based agent. The purpose of this study was to investigate the potential of crude palm oil as a bio-additive in polypropylene blown films. The polypropylene was blended with 1%, 3%, and 5% dosages of CPO using a twin screw extruder. The extruded samples were blown using the blown thin film tech...

  19. The Biodiversity Changes in the Microbial Population of Soils Contaminated with Crude Oil.

    Science.gov (United States)

    Abbasian, Firouz; Lockington, Robin; Megharaj, Mallavarapu; Naidu, Ravi

    2016-06-01

    Crude oil spills resulting from excavation, transportation and downstream processes can cause intensive damage to living organisms and result in changes in the microbial population of that environment. In this study, we used a pyrosequencing analysis to investigate changes in the microbial population of soils contaminated with crude oil. Crude oil contamination in soil resulted in the creation of a more homogenous population of microorganisms dominated by members of the Actinomycetales, Clostridiales and Bacillales (all belonging to Gram-positive bacteria) as well as Flavobacteriales, Pseudomonadales, Burkholderiales, Rhizobiales and Sphingomonadales (all belonging to Gram-negative bacteria). These changes in the biodiversity decreased the ratios of chemoheterotrophic bacteria at higher concentrations of crude oil contamination, with these being replaced by photoheterotrophic bacteria, mainly Rhodospirillales. Several of the dominant microbial orders in the crude oil contaminated soils are able to degrade crude oil hydrocarbons and therefore are potentially useful for remediation of crude oil in contaminated sites.

  20. Microbial polysaccharide produced from crude oil and its applicability in secondary oil recovery

    Energy Technology Data Exchange (ETDEWEB)

    Wang, X. (Chinese Academy of Sciences, Beijing, China); Wang, C.

    1980-01-01

    This paper deals with a strain of bacterium Brevibacterium viscogenes nov. sp. 74-230, which produces extracellular polysaccharide from curde oil and its fractions. The effects of ages of the inoculum, several kinds of crude oil and its fractions, and contents of crude oil on the synthesis of polysaccharide were investigated. When crude oil was used as the sole carbon source (12%, w/v) in 50 or 240 1 fermentors, 8.0 g/1 of polysaccharide was obtained. The changes of hydrocarbon components after fermentation were analysed. They indicated that the bacterium strain mainly had utilized n-alkane. The fermented gummy solution was diluted and used as a driving fluid in laboratory scale model experiments. When the injection volume corresponds to 20% of the pore volume, the secondary oil recovery was enhanced to about 9% of the initial reserves.

  1. Crude oil spilled water treatment with Vetiveria zizanioides in floating wetland

    Directory of Open Access Journals (Sweden)

    Hefni Effendi

    2017-09-01

    Full Text Available Floating wetlands on a container (25 L using Vetiveria zizanioides (L Nash was applied to remediate crude oil spill in water for four weeks. Three plants (height 10 cm were inserted in a pot containing rockwool, floated on crude oil spiked water. Treatment included 3 and 6 pot plants with 1% crude oil concentration. Six pot plants during 4 weeks of experiment could reduce the oil content of 91.39%, 84.60% COD, and 84.25% BOD. Meanwhile, 3 pot plants could decrease the oil content of 90.28%, 81.69% COD, and 81.10% BOD. DO at week 4 decreased. The BOD and COD did not show any significant reduction. Plants grew better in crude oil contaminated water. Those were indicated by 47.22% parent and 100% shoots could live until the study end in 1% crude oil spiked water. Meanwhile, in crude oil uncontaminated water, 30.56% parent and 40% shoots were able to live until the study end. Wet plant biomass (5.1070 g in the crude oil contaminated water was greater than the plant biomass (4.8362 g in crude oil uncontaminated water. RGR of V. zizanioides in crude oil contaminated water was 5.10 g/week and 4.83 g/week in uncontaminated water. Keywords: Phytoremediation, Crude oil, Floating wetland, Vetiveria zizanioides

  2. Residency of rhenium and osmium in a heavy crude oil

    Science.gov (United States)

    DiMarzio, Jenna M.; Georgiev, Svetoslav V.; Stein, Holly J.; Hannah, Judith L.

    2018-01-01

    Rhenium-osmium (Re-Os) isotope geochemistry is an emerging tool for the study of oil formation and migration processes, and a new technology for petroleum exploration. Little is known, however, about the residency of Re and Os within asphaltene and maltene sub-fractions of crude oil. This information is crucial for understanding the 187Re-187Os radiometric clock held in petroleum systems and for interpreting geochronology for key processes such as oil formation, migration, and biodegradation. In this study, a heavy crude oil was separated into soluble (maltene, MALT) and insoluble (asphaltene, ASPH) fractions using n-heptane as the asphaltene-precipitating agent. The asphaltenes were separated sequentially into sub-fractions using two different solvent pairs (heptane-dichloromethane and acetone-toluene), and the bulk maltenes were separated into saturate, aromatic, and resin (SAR) fractions using open column chromatography. Each asphaltene and maltene sub-fraction was analyzed for Re and Os. The asphaltene sub-fractions and the bulk ASPH, MALT, and crude oil were analyzed for a suite of trace metals by ICP-MS. Our results show that Re and Os concentrations co-vary between the asphaltene sub-fractions, and that both elements are found mostly in the more polar and aromatic sub-fractions. Significant Re and Os are also present in the aromatic and resin fractions of the maltenes. However, each asphaltene and maltene sub-fraction has a distinct isotopic composition, and sub-fractions are not isochronous. This suggests that asphaltene sub-fractionation separates Re-Os complexes to the point where the isotopic integrity of the geochronometer is compromised. The mobility of individual Re and Os isotopes and the decoupling possibilities between radiogenic 187Os produced from 187Re remain elusive, but their recognition in this study is a critical first step. Re and Os correlate strongly with Mo and Cd in the asphaltene sub-fractions, suggesting that these metals occupy

  3. The utilization of crude fish oil (CFO) to increase mudcrab (Scylla serrata) feed quality

    Science.gov (United States)

    Lamid, Mirni; Agustono

    2017-02-01

    Crude fish oil is one of essential fatty acid sources, which is found in Sardinella lemuru. This research aims to study the quality improvement of mudcrab(Scylla serrata) feed. Four feed formulations were designed by using completely randomized design, including P0 = trash fish + 1% tapioca starch; P1=trash fish + 2.0% crude fish oil + 1% tapioca starch;, P2= trash fish +4.0% crude fish oil + 1% tapioca starch; P3=trash fish + 6.0% crude fish oil + 1% tapioca starch; P4=trash fish +8.0% crude fish oil + 1% tapioca starch, respectively, which were carried out in quadruplicate. This study showed that feed formulation significantly affected crude protein, crude fiber, crude lipid, ash, organic matter and nitrogen free extract and energy of mudcrab. The P2 feed was the best formulation but had a slight different from P3 formulation.

  4. Improving oil biodegradability of aliphatic crude oil fraction by ...

    African Journals Online (AJOL)

    Water samples were collected from three oil polluted stations, two replicates for each station, from southern region of Shatt Al-Arab estuary, and southern of Basrah city during the period from September to October 2011. The mineral salts medium was used to isolating oil biodegrading bacteria. Four bacterial species were ...

  5. World Oil Price and Biofuels : A General Equilibrium Analysis

    OpenAIRE

    Timilsina, Govinda R; Mevel, Simon; Shrestha, Ashish

    2011-01-01

    The price of oil could play a significant role in influencing the expansion of biofuels. However, this issue has not been fully investigated yet in the literature. Using a global computable general equilibrium model, this study analyzes the impact of oil price on biofuel expansion, and subsequently, on food supply. The study shows that a 65 percent increase in oil price in 2020 from the 20...

  6. Price dependence in the principal EU olive oil markets

    Directory of Open Access Journals (Sweden)

    Christos Emmanouilides

    2013-12-01

    Full Text Available The objective of this paper is to assess the degree and the structure of price dependence in the principal EU olive oil markets (Spain, Italy and Greece. To this end, it utilizes monthly olive oil price data and the statistical tool of copulas. The empirical results suggest that prices are likely to boom together but not to crash together; this is especially true for the prices of the two most important players, Italy (importer and Spain (exporter. The finding of asymmetric price co-movements implies that the three principal spatial olive oil markets in the EU cannot be thought of as one great pool.

  7. Effects of Louisiana crude oil on the sheepshead minnow ...

    Science.gov (United States)

    Determining the long-term effects of crude oil exposure is critical for ascertaining population-level ecological risks of spill events. A 19-week complete life-cycle experiment was conducted with the estuarine sheepshead minnow (Cyprinodon variegatus) exposed to reference (uncontaminated) sediment spiked with laboratory weathered South Louisiana crude (SLC) oil at five concentrations as well as one unspiked sediment control and one seawater (no sediment) control. Newly hatched larvae were exposed to the oiled sediments at measured concentrations of fish were assessed for growth, survival, and reproduction. Resulting F1 embryos were then collected, incubated, and hatched in clean water to determine if parental full life-cycle exposure to oiled sediment produced trans-generational effects. Larvae experienced significantly reduced standard length (5–13% reduction) and wet weight (13–35% reduction) at concentrations at and above 50 and 103 mg tPAH/kg sediment, respectively. At 92 and 132 days post hatch (dph), standard length was reduced (7–13% reduction) at 199 and 109 mg tPAH/kg dry sediment, respectively, and wet weight for both time periods was reduced

  8. Crude oil contamination of plastic and copper drinking water pipes.

    Science.gov (United States)

    Huang, Xiangning; Andry, Stephane; Yaputri, Jessica; Kelly, Devin; Ladner, David A; Whelton, Andrew J

    2017-10-05

    This study was conducted to determine the susceptibility of plastic (i.e., PEX, HDPE and CPVC) and copper pipes to short-term contamination by crude oil. Pipes were exposed to highly and slightly contaminated drinking water for the typical duration of Do Not Use drinking water orders. PEX pipes sorbed and desorbed the greatest amount of monoaromatic hydrocarbons (MAHs), whereas copper pipes were less susceptible to contamination. For benzene, toluene, ethylbenzene, and xylenes (BTEX) quantified in water, only benzene exceeded its health based maximum contaminant level (MCL). The MCL was exceeded for copper pipe on day 3, for CPVC pipe through day 9, and PEX and HDPE pipes through day 15. The BTEX compound concentration in water after the pipes were returned to service depended on the initial crude oil concentration, material type, and exposure duration. Total organic carbon (TOC) measurement was not helpful in detecting oil contaminated water. Except BTEX, trimethylbenzene isomers and a couple of polycyclic aromatic hydrocarbons (PAHs) with and without MCLs were also detected desorbing from PEX-A pipe. Oil contaminated water must be thoroughly characterized and pipe type will influence the ability of drinking water levels to return to safe limits. Copyright © 2017 Elsevier B.V. All rights reserved.

  9. Oil Price Shocks and Stock Markets in BRICs

    Directory of Open Access Journals (Sweden)

    Ono, Shigeki

    2011-06-01

    Full Text Available This paper examines the impact of oil prices on real stock returns for Brazil, China, India and Russia over 1999:1-2009:9 using VAR models. The results suggest that whereas real stock returns positively respond to some of the oil price indicators with statistical significance for China, India and Russia, those of Brazil do not show any significant responses. In addition, statistically significant asymmetric effects of oil price increases and decreases are observed in India. The analysis of variance decomposition shows that the contribution of oil price shocks to volatility in real stock returns is relatively large and statistically significant for China and Russia.

  10. The Conflict in Syria: Key Issues and Consequences on the International Market of Crude Oil

    Directory of Open Access Journals (Sweden)

    Mariana Papatulică

    2013-07-01

    Full Text Available At the end of August 2013, the international prices of Brent crude rose to a 17-month high ($ 117.8 /barrel as Western powers, mainly USA, readied a military strike against Syria, and traders and analysts cited concerns over stability in the Middle East. The main concern was the risk that Western intervention in Syria could prompt a wider regional conflict, given the support that Iran has provided to the regime of Syria. The attack failed to materialize, because U.S. and Russia reached an agreement with the goal of disarming Syria’s chemical weapon arsenal, and consequently the prices declined, but the risk of geopolitical and social unrest movementsAlpha is still high, so that a reactivation of geopolitical tensions in the extended area of Middle East and north Africa is anytime possible with the afferent disruptive effects on the international oil market. We tried to answer to some questions in order to clear up the background of the problem: 1 What was the real stake of the U.S. plan to intervene in Syria: the concern generated by chemical weapons or U.S. geostrategic interests in the wider Middle East? 2 Why Syria matters to oil market, given that it is not a major oil producer (as was Libya, nor is it a major transit point for oil and gas exports (as is Egypt? 3 The aftermath of a serious military action targeted against the Middle Eastern country and “qui prodest”? 4 Will Iran’s possible return to the world oil market send oil prices down, and how much?

  11. Technical Proposal for Loading 3000 Gallon Crude Oil Samples from Field Terminal to Sandia Pressurized Tanker to Support US DOE/DOT Crude Oil Characterization Research Study

    Energy Technology Data Exchange (ETDEWEB)

    Lord, David; Allen, Raymond

    2016-10-01

    Sandia National Laboratories is seeking access to crude oil samples for a research project evaluating crude oil combustion properties in large-scale tests at Sandia National Laboratories in Albuquerque, NM. Samples must be collected from a source location and transported to Albuquerque in a tanker that complies with all applicable regulations for transportation of crude oil over public roadways. Moreover, the samples must not gain or lose any components, to include dissolved gases, from the point of loading through the time of combustion at the Sandia testing facility. In order to achieve this, Sandia designed and is currently procuring a custom tanker that utilizes water displacement in order to achieve these performance requirements. The water displacement procedure is modeled after the GPA 2174 standard “Obtaining Liquid Hydrocarbons Samples for Analysis by Gas Chromatography” (GPA 2014) that is used routinely by crude oil analytical laboratories for capturing and testing condensates and “live” crude oils, though it is practiced at the liter scale in most applications. The Sandia testing requires 3,000 gallons of crude. As such, the water displacement method will be upscaled and implemented in a custom tanker. This report describes the loading process for acquiring a ~3,000 gallon crude oil sample from commercial process piping containing single phase liquid crude oil at nominally 50-100 psig. This document contains a general description of the process (Section 2), detailed loading procedure (Section 3) and associated oil testing protocols (Section 4).

  12. Effect of dispersants on the growth of indigenous bacterial population and biodegradation of crude oil

    Digital Repository Service at National Institute of Oceanography (India)

    Bhosle, N.B.; Row, A.

    Oil dispersants (5 from Castrol Ltd., Bombay and 2 from British Petroleum, London) were studied individually and in combination with Saudi Arabian crude oil for their effect on the growth of indigenous bacteria and on the biodegradation of oil. None...

  13. Combining phospholipases and a liquid lipase for one-step biodiesel production using crude oils

    Science.gov (United States)

    2014-01-01

    Background Enzymatic biodiesel is becoming an increasingly popular topic in bioenergy literature because of its potential to overcome the problems posed by chemical processes. However, the high cost of the enzymatic process still remains the main drawback for its industrial application, mostly because of the high price of refined oils. Unfortunately, low cost substrates, such as crude soybean oil, often release a product that hardly accomplishes the final required biodiesel specifications and need an additional pretreatment for gums removal. In order to reduce costs and to make the enzymatic process more efficient, we developed an innovative system for enzymatic biodiesel production involving a combination of a lipase and two phospholipases. This allows performing the enzymatic degumming and transesterification in a single step, using crude soybean oil as feedstock, and converting part of the phospholipids into biodiesel. Since the two processes have never been studied together, an accurate analysis of the different reaction components and conditions was carried out. Results Crude soybean oil, used as low cost feedstock, is characterized by a high content of phospholipids (900 ppm of phosphorus). However, after the combined activity of different phospholipases and liquid lipase Callera Trans L, a complete transformation into fatty acid methyl esters (FAMEs >95%) and a good reduction of phosphorus (P lipase Callera Trans L in biodiesel production can provide numerous and sustainable benefits. Besides reducing the costs derived from enzyme immobilization, the lipase can be used in combination with other enzymes such as phospholipases for gums removal, thus allowing the use of much cheaper, non-refined oils. The possibility to perform degumming and transesterification in a single tank involves a great efficiency increase in the new era of enzymatic biodiesel production at industrial scale. PMID:24571739

  14. Oil prices. Brownian motion or mean reversion? A study using a one year ahead density forecast criterion

    Energy Technology Data Exchange (ETDEWEB)

    Meade, Nigel [Imperial College, Business School London (United Kingdom)

    2010-11-15

    For oil related investment appraisal, an accurate description of the evolving uncertainty in the oil price is essential. For example, when using real option theory to value an investment, a density function for the future price of oil is central to the option valuation. The literature on oil pricing offers two views. The arbitrage pricing theory literature for oil suggests geometric Brownian motion and mean reversion models. Empirically driven literature suggests ARMA-GARCH models. In addition to reflecting the volatility of the market, the density function of future prices should also incorporate the uncertainty due to price jumps, a common occurrence in the oil market. In this study, the accuracy of density forecasts for up to a year ahead is the major criterion for a comparison of a range of models of oil price behaviour, both those proposed in the literature and following from data analysis. The Kullbach Leibler information criterion is used to measure the accuracy of density forecasts. Using two crude oil price series, Brent and West Texas Intermediate (WTI) representing the US market, we demonstrate that accurate density forecasts are achievable for up to nearly two years ahead using a mixture of two Gaussians innovation processes with GARCH and no mean reversion. (author)

  15. Waxes in asphaltenes of crude oils and wax deposits

    Directory of Open Access Journals (Sweden)

    Yulia M. Ganeeva

    2016-07-01

    Full Text Available Abstract Composition and molecular mass distribution of n-alkanes in asphaltenes of crude oils of different ages and in wax deposits formed in the borehole equipment were studied. In asphaltenes, n-alkanes from C12 to C60 were detected. The high molecular weight paraffins in asphaltenes would form a crystalline phase with a melting point of 80–90 °C. The peculiarities of the redistribution of high molecular paraffin hydrocarbons between oil and the corresponding wax deposit were detected. In the oils, the high molecular weight paraffinic hydrocarbons C50–C60 were found, which were not practically detected in the corresponding wax deposits.

  16. What justifies the lack of alignment between natural gas and crude oil prices in the period 2006-2007; O que justifica o deslocamento entre os precos do gas natural e do petroleo no periodo 2006-2007

    Energy Technology Data Exchange (ETDEWEB)

    Abreu, Ana Lucia Vahia de; Pinelli, Marcelo Santos

    2008-07-01

    The objective of the work is to show that the mismatch between Brent and Henry Hub in the period 2006-2007 is mainly due to the local characteristics of natural gas market. After the beginning of 2008, the price of Henry Hub is increasing and returning to the long term relationship (nonlinear) with Brent. Even with local features, the natural gas market tends to be a market of tradable goods. (author.

  17. Comparative Toxicity of Different Crude Oils on the Cardiac Function of Marine Medaka (Oryzias melastigma Embryo

    Directory of Open Access Journals (Sweden)

    Zhendong Zhang

    2014-12-01

    Full Text Available The acute toxic effect of different crude oils (heavy crude oil and bonny light crude oil on embryos of marine medaka Oryzias melastigma was measured and evaluated by exposure to the water-accommodated fraction (WAF in the present study. The cardiac function of medaka embryos was used as target organ of ecotoxicological effect induced by oil exposure. Results showed that the developing marine medaka heart was a sensitive target organ to crude oil exposure the heavy crude oil WAF was more toxic to cardiac function of medaka embryos than bonny light cured oil one. Cardiac function of medaka embryos was clearly affected by exposure to heavy crude oil WAF after 24 hours exposure and showed a dose-dependent slowing of heart rate. Furthermore, swelled and enlarged heart morphology, lowered blood circulation and accumulation of blood cells around the heart area were found. However, the toxic effect of bonny light crude oil on cardiac function of medaka embryos was comparatively low. Statistical results showed that the cardiac function was only affected by highest bonny light crude oil WAF (9.8 mg/L exposure treatment. These findings indicated that cardiac function of marine medaka embryo was a good toxicity model for oil pollution and could be used to compare and evaluate the toxicity of different crude oils. The heart rate was an appropriate endpoint in the acute toxicity test.

  18. A characterization of oil price behavior. Evidence from jump models

    Energy Technology Data Exchange (ETDEWEB)

    Gronwald, Marc [Munich Univ. (Germany). Ifo Institute - Leibniz Institute for Economic Research

    2011-11-15

    This paper is concerned with the statistical behavior of oil prices in two ways. It, firstly, applies a combined jump GARCH in order to characterize the behavior of daily, weekly as well as monthly oil prices. Secondly, it relates its empirical results to implications of Hotelling-type resource extraction models. The empirical analysis shows that oil prices are characterized by GARCH as well as conditional jump behavior and that a considerable portion of the total variance is triggered by sudden extreme price movements. This finding implies that, first, oil price signals are not reliable and, as a consequence, both finding optimal extraction paths and decisions regarding the transmission to alternative technologies are likely to be compromised. Second, this behavior is in stark contrast to the notion of deterministic trends in the price of oil. (orig.)

  19. Isolation and characterization of crude oil degrading bacteria from the Persian Gulf (Khorramshahr provenance).

    Science.gov (United States)

    Hassanshahian, Mehdi; Zeynalipour, Mohammad Saleh; Musa, Farzaneh Hosseinzadeh

    2014-05-15

    Fifteen crude oil degrading bacteria were isolated from oil contaminated sites in the Persian Gulf at Khorramshahr provenance. These bacteria were screened with two important factors such as growth rate on crude oil and hydrocarbon biodegradation, and then three strains were selected from 15 isolated strains for further study. One strain (PG-Z) that show the best crude oil biodegradation was selected between all isolates. Nucleotides sequencing of the gene encoding for 16S rRNA show that strain PG-Z belong to Corynebacterium variabile genus. This strain was efficient in degrading of crude oil. This strain was capable to degraded 82% of crude-oil after one week incubation in ONR7a medium. The PG-Z strain had high emulsification activity and biosurfactant production between all isolates. GC-MS analysis shows that C. variabile strain PG-Z can degrade different alkanes in crude oil. Copyright © 2014 Elsevier Ltd. All rights reserved.

  20. Process Considerations in the Biodesulfurization of Crude Oil

    Energy Technology Data Exchange (ETDEWEB)

    Borole, A.P.; Kaufman, E.N.

    1998-10-20

    Biodesulfurization offers an attractive alternative to conventional hydrodesulfurization due to the mild operating conditions and reaction specificity afforded by the biocatalyst. The enzymatic pathway existing in Rhodococcus has been demonstrated to oxidatively desulfhrize the organic sulfbr occurring in dibenzothiophene while leaving the hydrocarbon intact. In order for biodesulfiization to realize commercial success, a variety of process considerations must be addressed including reaction rate, emulsion formation and breakage, biocatalyst recovery, and both gas and liquid mass transport. This study compares batch stirred to electro-spray bioreactors in the biodesulfurization of both model organics and actual crudes in terms of their operating costs, ability to make and break emulsions, ability to effect efficient reaction rates and enhance mass transport. Further, sulfim speciation in crude oil is assessed and compared to the sulfur specificity of currently available biocatalyst.

  1. Structural Study of Asphaltenes from Iranian Heavy Crude Oil

    Directory of Open Access Journals (Sweden)

    Davarpanah L.

    2015-11-01

    Full Text Available In the present study, asphaltene precipitation from Iranian heavy crude oil (Persian Gulf off-shore was performed using n-pentane (n-C5 and n-heptane (n-C7 as light alkane precipitants. Several analytical techniques, each following different principles, were then used to structurally characterize the precipitated asphaltenes. The yield of asphaltene obtained using n-pentane precipitant was higher than asphaltene precipitated with the use of n-heptane. The asphaltene removal affected the n-C5 and n-C7 maltene fractions at temperatures below 204°C, as shown by the data obtained through the simulated distillation technique. Viscosity of heavy oil is influenced by the asphaltene content and behavior. The viscosity dependence of the test heavy oil on the shear rate applied was determined and the flow was low at y. above 25 s-1 . The reconstituted heavy oil samples were prepared by adding different amounts of asphaltenes to the maltenes (deasphalted heavy oil and asphaltene effects were more pronounced at the low temperature of 25°C as compared with those at the higher temperatures. According to the power law model used in this study the flowability of the test heavy oil exhibited a pseudoplastic character. Structural results obtained from Fourier Transform InfraRed (FTIR spectroscopy showed the presence of the different functional groups in the precipitated asphaltenes. For instance, the presence of different hydrocarbons (aliphatic, aromatic and alicyclic based on their characteristics in the FTIR spectra was confirmed. Resins are effective dispersants, and removal of this fraction from the crude oil is disturbing to the colloidal nature of heavy oil; asphaltene flocculation and precipitation eventually occur. Appearance of pores in the Scanning Electron Microscopy (SEM images was used as an indicator of the resin detachment. With the use of 1H and 13C Nuclear Magnetic Resonance (NMR spectroscopy, two important structural parameters of the

  2. Agricultural and oil commodities: price transmission and market integration between US and Italy

    Directory of Open Access Journals (Sweden)

    Franco Rosa

    2014-08-01

    Full Text Available Purpose of this article it to get some evidences of market interaction between United States and Italy using the time series analysis of spot prices spanning from January 1999 to May 2012 for crude oil and three ag-commodities: wheat, corn and soybean. These crops have been selected for their relevance in ag-commodity exchanges between US and Italy markets. The integration between US and Italy agricultural markets is hypothesized for the consistent volume of crop traded between these two countries while the price transmission is related to the leading price signals of the CBT (Chicago Board of Trade. The integration between oil and ag-commodity markets is suggested both by the large use of energy intensive inputs, (fertilizer, seed, machinery in production of these ag-commodities, and their use in biofuel production. The results suggest: a for US market the evidence of market integration between crude oil and US ag-commodities; b for Italy the integration with US ag-commodity markets and less evidence of integration with the oil market. These results are valuable information both for the agents and policy makers contributing to improve the information accuracy to predict the price movements used by marketing operators for their strategies and policy makers to set up policies to re-establish conditions of market efficiency and allocate these ag-commodities in alternative market channels.

  3. Impact of Small Raindrops on Crude Oil Slicks

    Science.gov (United States)

    Morra, David; Almashan, Nourah; Murphy, David; Katz, Joseph

    2014-11-01

    The impact of millimeter size water droplets falling near terminal velocity (e.g. rainfall) on a pool is known to produce air bubbles at the bottom of the splash cavity. These bubbles produce noise and contribute to marine aerosol production. Layers of crude oil resulting from oil spills alter air-sea interfacial properties. Our high speed observations examine the effect of oil layer thickness on the entrainment of air and oil as small raindrops impact the surface. They reveal that layers in the 10-400 μm range suppress bubble entrainment, likely due to the reduction of air-liquid surface tension (from 72 to 28 mN/m). For ``low energy'' impacts (droplets vortex ring develops at the bottom of this cavity and forces these droplets downward. Impact on thicker oil layers results initially in accumulation of the drop fluid at the cavity base. When the drop subsequently penetrates the layer, it creates multiphase vesicles, i.e. drops of freshwater coated by a thin oil film, which migrate down into the bulk seawater. Sponsored by Gulf of Mexico Research Initiative (GoMRI).

  4. Does oil price uncertainty transmit to the Thai stock market?

    Directory of Open Access Journals (Sweden)

    Komain Jiranyakul

    2014-12-01

    Full Text Available This study investigates the impact of oil price uncertainty on the Stock Exchange of Thailand. Monthly data from May 1987 to December 2013 are applied to the two-stage procedure. In the first step, a bivariate generalized autoregressive conditional heteroskedastic (GARCH model is estimated to obtain the volatility series of stock market index and oil price. In the second step, the pairwise Granger causality tests are performed to determine the direction of volatility transmission between oil to stock markets. It is found that movement in real oil price does not adversely affect real stock market return, but stock price volatility does affect real stock return. In the sense of causality, there exists a positive one-directional volatility transmission running from oil to stock market. Oil price change and its uncertainty also adversely affect two main sub-index returns. These important findings give some implications for risk management and policy measures.

  5. Performance Optimization of Centrifugal Pump for Crude Oil Delivery

    Directory of Open Access Journals (Sweden)

    S.A.I. Bellary

    2018-02-01

    Full Text Available Crude oil transport is an essential task in oil and gas industries, where centrifugal pumps are extensively used. The design of a centrifugal pump involves a number of independent parameters which affect the pump performance. Altering some of the parameters within a realistic range improves pump performance and saves a significant amount of energy. The present research investigated the pump characteristics by modifying the number of blades and the exit blade-angles. Reynolds-Averaged Navier-Stokes equations with standard k-ε two-equation turbulence closure were used for steady and incompressible flow of crude oil through the pump. The experimental set-up was installed and the pump performance calculated numerically  was compared with the experiments.   The investigations showed that the number of blades and the exit blade-angles have a significant influence on the head, shaft power, and efficiency. The vortical flow structures, recirculation and reverse flow characteristics around the impeller were investigated to explain the flow dynamics of impeller and casing. A larger number of blades on the rotor showed dominant streamlined flow without any wake phenomena. The combined effect of the number of blades and exit blade angle has led to an increase in head and efficiency through the parametric optimization.

  6. Electrochemical removal of metals from crude oil samples

    Energy Technology Data Exchange (ETDEWEB)

    Welter, K.; Salazar, E.; Balladores, Y.; Marquez, O.P.; Marquez, J.; Martinez, Y. (Laboratorio de Electroquimica, Facultad de Ciencias, Universidad de Los Andes, Merida 5101-Venezuela)

    2009-02-15

    Removal of vanadium from vanadyl (IV) meso-tetra-phenylporphyrin (VO-MTPP) and vanadyl (IV) octa-ethylporphyrin (VO-OEP) and metals removal from Ayacucho Venezuelan crude oil samples were performed using electrochemical techniques. According to cyclic voltammograms, a potential of - 2.3 V vs. Ag/AgNO{sub 3} (0.1 M), LiClO{sub 4} (0.1 M) in acetonitrile, was chosen for running electrolysis at platinum (Pt), graphite (G) and glassy carbon (GC) electrodes. Qualitative analysis was done by cyclic voltammetry (CV) and atomic absorption spectroscopy (AAS) while quantification was performed by AAS and inductively coupled plasma/atomic emission spectrometry (ICP/AES). Three stages (best results) of the study are reported: (a) when using commercial porphyrins; the best conditions for electrolysis were: tetrahydrofuran (THF)/20% methanol (MeOH)/1% perchloric acid (HClO{sub 4}) on GC, producing 84% hydro-demetalation (HDM) for VO-MTPP, and 78% HDM for VO-OEP; (b) when using extracts of crude oil; demetalation percentages, after 90 min of electrolysis, on graphite, and after 120 min of electrolysis on platinum, were 66.44% and 64.10% HDM respectively, no discrimination of metals under these conditions (c) from electrolysis in whole crude oil, quantitative analysis gave: vanadium (V) 31.2 mg/kg, iron (Fe) 65, 0 mg/kg and nickel (Ni) 6, 3 mg/kg, with charge efficiencies of V (7.5%), Fe (79.6%) and Ni (8.2%). (author)

  7. Preventing oil adhesion to pipe walls in heavy crude transportation

    Energy Technology Data Exchange (ETDEWEB)

    Rivero, M.; Guevara, E.; Joseph, D. [and others

    1995-12-31

    During the transportation of heavy, extra heavy, and bitumen with water in carbon steel pipelines, the crude sticks to the internal pipe wall, reducing the flow area and as a consequence increasing the pressure drop in time. The situation may become worse if an unplanned shut down occurs, due to the phase separation by gravity. The problem. is resolved using a cement lined pipeline, with a cement composition that creates a permanent oleophobic and hydrophilic surface. These surfaces repel oil when they are hydrated in water, avoiding the occurrence of fouling at stationary and restart conditions.

  8. Impact of International Oil Price on Energy Conservation and Emission Reduction in China

    Directory of Open Access Journals (Sweden)

    Jian Chai

    2016-05-01

    Full Text Available In the context of “new normal” economy and frequent “haze”, the strategy of energy conservation and emission reduction aiming to lower costs and reduce pollution is currently still a major strategic direction in China and the world, and will remain so for some time in the future. This paper uses the annual data of West Texas Intermediate (WTI crude oil price in 1987–2014 as samples. We firstly present the direction and mechanism of the influence of oil price change on total consumption of every kind of energy by path analysis, and then consider establishing a Structural Vector Autoregression model of energy conservation and emission reduction in three statuses. Research shows that if the international oil price increases by 1%, the energy consumption per GDP and carbon dioxide emission increase by 0.092% and 0.053% respectively in the corresponding period. In the status of high energy consumption and high emission, if the international oil price increases by 1%, the energy consumption per GDP and carbon dioxide emission increase by 0.043% and 0.065% respectively in the corresponding period. In the status of low energy consumption and low emission, if the international oil price increases by 1%, the energy consumption per GDP per unit increases by 0.067% and carbon dioxide emission decreases by 0.085% in the corresponding period.

  9. Impacts of crude oil on freshwater fish fauna, its control and ...

    African Journals Online (AJOL)

    Crude oil or petroleum is a complex liquid mixture of hydrocarbons, though a major source of revenue for Nigeria contaminates water through sources such as oil spills and refinery effluents. The impacts of crude oil or petroleum are many and have been enumerated in this review work to include-necrosis of the gut, ...

  10. Acute health effects of a crude oil spill in a rural community in ...

    African Journals Online (AJOL)

    Acute health effects of a crude oil spill in a rural community in Bayelsa State, Nigeria. B Ordinioha, W Sawyer. Abstract. In May 2000, there was a breach in the crude oil pipeline belonging to a major oil company in Etiama Nembe, in Bayelsa State, Nigeria. This study is to investigate if the residents in the affected community ...

  11. Potential of oil palm empty fruit bunch ash for remediation of crude ...

    African Journals Online (AJOL)

    The potential of oil palm empty fruit bunch ash for remediation of crude oil polluted soil was investigated. Three levels (100 g, 200 g and 300 g) of ash treatments in 2 kg of soil were set up alongside a control (nil ash) after pollution with100 ml of crude oil. Composite soil samples were collected and analyzed at intervals of ...

  12. Macondo crude oil from the Deepwater Horizon oil spill disrupts specific developmental processes during zebrafish embryogenesis

    Directory of Open Access Journals (Sweden)

    de Soysa T Yvanka

    2012-05-01

    Full Text Available Abstract Background The Deepwater Horizon disaster was the largest marine oil spill in history, and total vertical exposure of oil to the water column suggests it could impact an enormous diversity of ecosystems. The most vulnerable organisms are those encountering these pollutants during their early life stages. Water-soluble components of crude oil and specific polycyclic aromatic hydrocarbons have been shown to cause defects in cardiovascular and craniofacial development in a variety of teleost species, but the developmental origins of these defects have yet to be determined. We have adopted zebrafish, Danio rerio, as a model to test whether water accumulated fractions (WAF of the Deepwater Horizon oil could impact specific embryonic developmental processes. While not a native species to the Gulf waters, the developmental biology of zebrafish has been well characterized and makes it a powerful model system to reveal the cellular and molecular mechanisms behind Macondo crude toxicity. Results WAF of Macondo crude oil sampled during the oil spill was used to treat zebrafish throughout embryonic and larval development. Our results indicate that the Macondo crude oil causes a variety of significant defects in zebrafish embryogenesis, but these defects have specific developmental origins. WAF treatments caused defects in craniofacial development and circulatory function similar to previous reports, but we extend these results to show they are likely derived from an earlier defect in neural crest cell development. Moreover, we demonstrate that exposure to WAFs causes a variety of novel deformations in specific developmental processes, including programmed cell death, locomotor behavior, sensory and motor axon pathfinding, somitogenesis and muscle patterning. Interestingly, the severity of cell death and muscle phenotypes decreased over several months of repeated analysis, which was correlated with a rapid drop-off in the aromatic and alkane

  13. Macondo crude oil from the Deepwater Horizon oil spill disrupts specific developmental processes during zebrafish embryogenesis.

    Science.gov (United States)

    de Soysa, T Yvanka; Ulrich, Allison; Friedrich, Timo; Pite, Danielle; Compton, Shannon L; Ok, Deborah; Bernardos, Rebecca L; Downes, Gerald B; Hsieh, Shizuka; Stein, Rachael; Lagdameo, M Caterina; Halvorsen, Katherine; Kesich, Lydia-Rose; Barresi, Michael J F

    2012-05-04

    The Deepwater Horizon disaster was the largest marine oil spill in history, and total vertical exposure of oil to the water column suggests it could impact an enormous diversity of ecosystems. The most vulnerable organisms are those encountering these pollutants during their early life stages. Water-soluble components of crude oil and specific polycyclic aromatic hydrocarbons have been shown to cause defects in cardiovascular and craniofacial development in a variety of teleost species, but the developmental origins of these defects have yet to be determined. We have adopted zebrafish, Danio rerio, as a model to test whether water accumulated fractions (WAF) of the Deepwater Horizon oil could impact specific embryonic developmental processes. While not a native species to the Gulf waters, the developmental biology of zebrafish has been well characterized and makes it a powerful model system to reveal the cellular and molecular mechanisms behind Macondo crude toxicity. WAF of Macondo crude oil sampled during the oil spill was used to treat zebrafish throughout embryonic and larval development. Our results indicate that the Macondo crude oil causes a variety of significant defects in zebrafish embryogenesis, but these defects have specific developmental origins. WAF treatments caused defects in craniofacial development and circulatory function similar to previous reports, but we extend these results to show they are likely derived from an earlier defect in neural crest cell development. Moreover, we demonstrate that exposure to WAFs causes a variety of novel deformations in specific developmental processes, including programmed cell death, locomotor behavior, sensory and motor axon pathfinding, somitogenesis and muscle patterning. Interestingly, the severity of cell death and muscle phenotypes decreased over several months of repeated analysis, which was correlated with a rapid drop-off in the aromatic and alkane hydrocarbon components of the oil. Whether these

  14. Oil Price and Economic Growth: A Long Story?

    Directory of Open Access Journals (Sweden)

    María Dolores Gadea

    2016-10-01

    Full Text Available This study investigates changes in the relationship between oil prices and the US economy from a long-term perspective. Although neither of the two series (oil price and GDP growth rates presents structural breaks in mean, we identify different volatility periods in both of them, separately. From a multivariate perspective, we do not observe a significant effect between changes in oil prices and GDP growth when considering the full period. However, we find a significant relationship in some subperiods by carrying out a rolling analysis and by investigating the presence of structural breaks in the multivariate framework. Finally, we obtain evidence, by means of a time-varying VAR, that the impact of the oil price shock on GDP growth has declined over time. We also observe that the negative effect is greater at the time of large oil price increases, supporting previous evidence of nonlinearity in the relationship.

  15. OIL PRICES AND THE KUWAITI AND THE SAUDI STOCK MARKETS

    Directory of Open Access Journals (Sweden)

    Samih Antoine Azar

    2013-01-01

    Full Text Available The purpose of this paper is to test the impact of oil price shocks on the stock markets of the two biggest and most liquid GCC equity markets, those of Kuwait and Saudi Arabia. It is expected that the two stock markets react similarly to oil price shocks. Actually the results show heterogeneity in responses. While there is prima facie evidence that both stock markets are influenced positively and linearly by oil price shocks, this evidence disappears when additional variables are added to the regressions. With the larger specification oil price shocks do not impact, neither linearly or non-linearly, Kuwaiti stock markets. By contrast Saudi markets react non-linearly to both oil price shocks and shocks in the US S&P 500. The only common feature for both equity markets is the positive relation with the shocks in the US S&P 500.

  16. IMPACT OF OIL PRICE ON TURKISH MACROECONOMIC VARIABLES

    Directory of Open Access Journals (Sweden)

    Esra Balli

    2016-09-01

    Full Text Available Turkish economy is heavily dependent on oil and natural gas, as the latest figures from International Energy Agency (IEA show that Turkey imports 90% of its total liquid fuels. Therefore a more volatile oil price can have consequences on macroeconomic variables in Turkey. It is empirically evident that an increase in oil prices followed by deterioration in macro economic variables while a decrease in oil price has relatively lower expansionary effect on macro economic variables. This paper analyzes the economic effects of oil price on the major Turkish macro economic variables, including Gross Domestic Product (GDP, Consumer Price Index (CPI and Real Effective Exchange Rate (REER on the basis of quarterly data from 2003Q1 to 2015Q3. Firstly, ADF, KPSS, PP unit root tests and Zivot-Andrews, Lumsdaine Papell unit root tests allowing for structural breaks are used to characterize the time series. Additionally, Granger causality test is performed to give a clearer picture of how these variables are related. The results show that Gross Domestic Product, Oil Price and Consumer Price Index are stationary, while Real Effective Exchange Rate have unit root in Turkey. Test results indicate that, there is a casual relationship from oil price to GDP and to CPI. Furthermore, there exist a bidirectional causality between GDP and CPI in Turkey.

  17. Removal of crude oil polycyclic aromatic hydrocarbons via organoclay-microbe-oil interactions.

    Science.gov (United States)

    Ugochukwu, Uzochukwu C; Fialips, Claire I

    2017-05-01

    Clay minerals are quite vital in biogeochemical processes but the effect of organo-clays in the microbial degradation of crude oil polycyclic aromatic hydrocarbons is not well understood. The role of organo-saponite and organo-montmorillonite in comparison with the unmodified clays in crude oil polycyclic aromatic hydrocarbons (PAHs) removal via adsorption and biodegradation was studied by carrying out microcosm experiments in aqueous clay/oil systems with a hydrocarbon degrading microbial community that is predominantly alcanivorax spp. Montmorillonite and saponite samples were treated with didecyldimethylammonium bromide to produce organo-montmorillonite and organo-saponite used in this study. Obtained results indicate that clays with high cation exchange capacity (CEC) such as montmorillonite produced organo-clay (organomontmorillonite) that was not stimulatory to biodegradation of crude oil polycyclic aromatic compounds, especially the low molecular weight (LMW) ones, such as dimethylnaphthalenes. It is suggested that interaction between the organic phase of the organo-clay and the crude oil PAHs which is hydrophobic in nature must have reduced the availability of the polycyclic aromatic hydrocarbons for biodegradation. Organo-saponite did not enhance the microbial degradation of dimethylnaphthalenes but enhanced the biodegradation of some other PAHs such as phenanthrene. The unmodified montmorillonite enhanced the microbial degradation of the PAHs and is most likely to have done so as a result of its high surface area that allows the accumulation of microbes and nutrients enhancing their contact. Copyright © 2017 Elsevier Ltd. All rights reserved.

  18. Methodology for oil prices projections: a study about oil prices differentials for Brent, Arab Light, Bonny Light and Marlin; Metodologia de projecao de precos de petroleos: um estudo dos diferenciais de precos entre o 'Brent', Arabe Leve, 'Bonny Light' e Marlin

    Energy Technology Data Exchange (ETDEWEB)

    Machado, Giovani; Aragao, Amanda; Valle, Ricardo Nascimento e Silva do [Empresa de Pesquisa Energetica (EPE), Brasilia, DF (Brazil)

    2008-07-01

    Oil is not homogenous commodity in terms of its chemical and physical properties, differing from one to another in density (API degree), sulfur content, acidity etc. Such properties imply in price differentials (discount or premium) for each crude to another in the international market. This study presents a basic model to forecasts price of various crudes based on one 'marker' or reference crude price by applying econometric formulations. The relevant crudes for the study are Arab Light, Bonny Light and Marlin, while the 'marker' crude is the Brent. Based on a scenario for the Brent price, prices of Arab Light, Bonny Light and Marlin are forecast to 2020. Findings show that price differentials to Brent are minus US$ 5.09-6.57/b (discount) to Arab Light, plus US$ 1.56-3.47/b (premium) to Bonny Light and minus US$ 9.02-13.95/b (discount) to Marlin in the period analyzed (in constant prices of May/2007). Although such figures are in harmony with expected results (theoretical foundations) of discount/premium by crude quality, structural changes in oil market (in particular, large modifications in world refining conversion capacity), catalyzed by high oil prices and energy policy, may reduce forecast strength of the specifications proposed. (author)

  19. Short‑Term and Long‑Term Relationships Between Prices of Imported Oil and Fuel Products in the U. S.

    Directory of Open Access Journals (Sweden)

    Václav Adamec

    2016-01-01

    Full Text Available In this study, we analyzed a system of five monthly time series integrated I(1: average price of crude oil imported to the U.S. from OPEC countries (Opec, imported oil price from other than OPEC countries (NonOpec in USD per barrel, average price of regular gasoline in the U.S. (Regular, premium quality gasoline price (Premium and kerosene price (Kerosene in U.S. cents per gallon. Cointegration was established by EG test and the series were analyzed by VECM model with lag selected via BIC criterion. Cointegration rank was determined by the Johansen procedure. According to VECM coefficients, prices of oil from OPEC countries and beyond OPEC exert influence upon all commodity prices in the system, but in a contradictory manner. Responses to innovation shocks in Opec and NonOpec stabilized within 8 to 10 months upon a nonzero shift and further became permanent. Innovation shock in both types of gasoline and Kerosene had only short-term significant impact upon the system. Forecast error variance in all variables is explained mainly by variation in oil prices, especially Opec, which persists with increased horizon. For a short horizon h = 1, FEVDs in gasoline and kerosene prices are primarily made of variation in the respective fuel prices.

  20. Dispersant and salinity effects on weathering and acute toxicity of South Louisiana crude oil.

    Science.gov (United States)

    Kuhl, Adam J; Nyman, J Andrew; Kaller, Michael D; Green, Christopher C

    2013-11-01

    Chemical dispersants are an important technology in the remediation of oil spills in the aquatic environment, facilitating degradation of crude oil and salinity is an important factor in dispersant effectiveness. The aim of the present study was to explore the role of salinity on the degradation chemistry of crude oil polycyclic aromatic hydrocarbons (PAHs) and acute toxicity of the water accommodated fraction (WAF) of the dispersant COREXIT 9500A and chemically dispersed crude oil on a common estuarine fish. Laboratory microcosms were designed at salinities of 4 parts per thousand (ppt), 12 ppt, or 18 ppt and spiked with crude oil, COREXIT 9500A, or a combined exposure to crude oil and COREXIT and allowed to biodegrade for 1 wk, 4 wk, and 16 wk. The WAF was harvested for analytical PAH analysis and acute toxicity testing in juvenile Fundulus grandis. Compared with undispersed oil, COREXIT exponentially increased the PAH concentrations in the WAF for up to 16 wk; hopane-normalized concentrations indicated that biodegradation was slowed for the first 4 wk. Dispersed crude oil and COREXIT were acutely toxic following 1 wk of biodegradation with no correlation between PAH concentrations and crude oil WAF mortality. Both dispersant and dispersant oil mixtures remained toxic for at least 4 wk at the lowest salinity tested, suggesting increased sensitivity or reduced biodegradation of toxic components in low-saline environments. At the lowest salinity, oil dispersed with COREXIT was more toxic than either the COREXIT alone or oil alone, even after 16 wk of biodegradation.

  1. Mopping of crude oil and some refined petroleum products from the ...

    African Journals Online (AJOL)

    The oil (crude oil, diesel and kerosene) sorption capacity, sorbed oil recoverability and retainability by sawdust was determined under the same experimental condition and compared with that of a standard. The result of the study shows that the sawdust has lesser oil sorption capacity and sorbed oil recoverability than the ...

  2. Design challenges for large Arctic crude oil tanker

    Energy Technology Data Exchange (ETDEWEB)

    Iyerusalimskiy, A.; Noble, P. [ConocoPhillips, Houston, TX (United States)

    2008-09-15

    The Vasily Dinkov vessel was delivered by Samsung Heavy Industries shipyard to Russian ship-owner Sovcomflot. It is the largest icebreaking tanker ever built. The vessel was designed and constructed to transport crude oil from the Varandey offshore terminal in the southeastern Barents Sea to a transshipment location near Murmansk, Russia. The vessel is under long-term charter for Naryanmarneftegas, a joint venture of Lukoil and ConocoPhillips. The new ship was constructed strictly to the requirements, specification, and concept design provided by the charterer. The Varandey oil transportation concept and the vessel operational profile resulted in some conflicting requirements, compromising technical solutions, and assumptions yet to be proven in operation. This paper described the design challenges and selected approach to solve the solution to the tanker key design elements. These included the ice transit and other Arctic environmental challenges; open water performance issues; and icebreaking hull structure design challenges associated with modern shipbuilding technology standards and cost efficiency. The principle characteristics of the Vasily Dinkov were first presented and the Varandey crude oil transportation system was also described. Several features have made the Vasily Dinkov the most advanced icebreaking tanker to date, such as the icebreaking concept which has expanded the capability of both traditional icebreaking ships fitted with the icebreaker bow and double acting ships intended to operate astern only in the ice; the largest azimuthal twin screw propulsion plant for the Arctic with highest ice torque capacity ever specified for cargo vessel; and the first customized, automated, asymmetric steering control system designed to improve open water maneuverability and steering stability of podded vessels. It was concluded that the transportation system, the overall vessel concept and many of the vessel features require validation based on operational

  3. CONTAGIOUS EFFECTS OF OIL PRICES ON ASIAN STOCK MARKETS’ BEHAVIOUR

    Directory of Open Access Journals (Sweden)

    Jok-Tong Wan

    2016-05-01

    Full Text Available The main objective of this study is to examine the stock markets’ shock due to the effect of the price of oil in the East Asia Region. Particularly, this study examines if there is stock market interdependence during global oil price shocks (sudden changes for a sample of five total oil importers (the Philippines, Hong Kong SAR, Taiwan, South Korea, and Japan, four net oil importers (Indonesia, Singapore, Thailand, and China, and one net oil exporter (Malaysia between 1999 and 2014. From the result, an oil price change is collectively found to have a small but significant positive impact on the stock markets, in particular where a sudden decrease in oil prices tends to cause a stock market downturn and volatility. The world economy’s spending, financial investments in oil futures and foreign investment by oil rich nations are some underlying motives for inducing this oil-stock positive relation. The same direction of time-varying conditional correlations is found across East Asian stock markets during negative oil price shocks. The integration among East Asian stock markets is inducing the oil shock contagion to be transmitted from direct oil-affected countries (South Korea, Hong Kong, and Singapore to non-direct oil affected countries’ (Japan and Taiwan stock markets. In spite of a long practiced ASEAN+3 macroeconomics surveillance process and Early Warning System (EWS which can be customized for stock markets to prevent or detect the oil risk, hedging against initial oil-affected stock markets and a stronger influence by the East Asian countries in the global world of oil and capital investment are strongly suggested.

  4. Oil price shocks and fiscal policy management: Implications for Nigerian economic planning (1980-2009

    Directory of Open Access Journals (Sweden)

    Aremo, A.G.

    2013-12-01

    Full Text Available High Oil price fluctuations have been a common feature in Nigeria and these have considerably constituted a major source of fiscal policy disturbance to the Nigerian economy as well as the economies of other oil producing countries of the world. The over-reliance on oil production for income generation combined with local undiversified revenue and export bases is an issue for concern. This has policy implications for economic policy and in particular fiscal policy management. The motivation for this study is to examine the effect of oil price shock on fiscal policy in the country. Using structural vector autoregression (SVAR methodology, the effects of crude oil price fluctuations on two major key fiscal policy variables (government expenditure (GEXP and government revenue (GREV, money supply (MS2 and GDP were examined. The results showed that oil prices have significant effect on fiscal policy in Nigeria within the study period of 1980:1 to 2009:4. The study also revealed that oil price shock affects GREV and GDP first before reflecting on fiscal expenditure. The study suggests strongly that diversification of the economy is necessary in order to minimize the consequences of oil price fluctuations on government revenue, by implication government expenditure planning in the country.

  5. Biodegradation of Diesel, Crude Oil and Spent Lubricating Oil by Soil Isolates of Bacillus spp.

    Science.gov (United States)

    Raju, Maddela Naga; Leo, Rodriguez; Herminia, Sanaguano Salguero; Morán, Ricardo Ernesto Burgos; Venkateswarlu, Kadiyala; Laura, Scalvenzi

    2017-05-01

    Two species of Bacillus, B. thuringiensis B3 and B. cereus B6, isolated from crude oil-contaminated sites in Ecuador, were tested for their capability in degrading polycyclic aromatic hydrocarbons (PAHs) in diesel (shake-flask), and to remove total petroleum hydrocarbons (TPHs) from crude oil- or spent lubricating oil-polluted soils (plot-scale). TPHs and PAHs were analyzed by Gas chromatography-Flame ionization detector (GC-FID) and High performance liquid chromatography (HPLC), respectively. Degradation percentages of PAHs by strain B6 were in the range of 11-83 after 30 days. A mixed culture of both the strains removed 84% and 28% of TPHs from crude oil- and spent lubricating oil-polluted soils, respectively. Reduction in the abundance of total n-alkane fractions (C8-C40) of spent lubricating oil was 94%, which was 18% higher than the control. Our results clearly indicate that the selected strains have great potential in degrading petroleum hydrocarbons at both laboratory- and field-scales.

  6. Induction of reactive oxygen species in marine phytoplankton under crude oil exposure.

    Science.gov (United States)

    Ozhan, Koray; Zahraeifard, Sara; Smith, Aaron P; Bargu, Sibel

    2015-12-01

    Exposure of phytoplankton to the water-accommodated fraction of crude oil can elicit a number of stress responses, but the mechanisms that drive these responses are unclear. South Louisiana crude oil was selected to investigate its effects on population growth, chlorophyll a (Chl a) content, antioxidative defense, and lipid peroxidation, for the marine diatom, Ditylum brightwellii, and the dinoflagellate, Heterocapsa triquetra, in laboratory-based microcosm experiments. The transcript levels of several possible stress-responsive genes in D. brightwellii were also measured. The microalgae were exposed to crude oil for up to 96 h, and Chl a content, superoxide dismutase (SOD), the glutathione pool (GSH and GSSG), and lipid peroxidation content were analyzed. The cell growth of both phytoplankton species was inhibited with increasing crude oil concentrations. Crude oil exposure did not affect Chl a content significantly in cells. SOD activities showed similar responses in both species, being enhanced at 4- and 8-mg/L crude oil exposure. Only H. triquetra demonstrated enhanced activity in GSSG pool and lipid peroxidation at 8-mg/L crude oil exposure, suggesting that phytoplankton species have distinct physiological responses and tolerance levels to crude oil exposure. This study indicated the activation of reactive oxygen species (ROS) in phytoplankton under crude oil exposure; however, the progressive damage in cells is still unknown. Thus, ROS-related damage in nucleic acid, lipids, proteins, and DNA, due to crude oil exposure could be a worthwhile subject of study to better understand crude oil toxicity at the base of the food web.

  7. Corrosion of mild steel, copper and brass in crude oil / seawater mixture

    Digital Repository Service at National Institute of Oceanography (India)

    PrabhaDevi, S.; Sawant, S.S.; Wagh, A.B.

    Mild steel, copper and brass coupons were introduced in natural seawater containing varying amount of crude oil. Mild steel showed higher rate of corrosion in seawater containing oil and lower corrosion rate in natural as well as artificial seawater...

  8. Chemical and sensory evaluation of crude oil extracted from herring byproducts from different processing operations

    NARCIS (Netherlands)

    Aidos, I.M.; Schelvis-Smit, A.A.M.; Veldman, M.; Luten, J.B.; Padt, van der A.; Boom, R.M.

    2003-01-01

    Fish oils extracted from marinated herring (frozen and unfrozen) byproducts and maatjes herring byproducts were evaluated on their chemical and sensory properties. The obtained crude oils had very low content of copper (

  9. Crude oil jets in crossflow: Effects of dispersant concentration on plume behavior

    National Research Council Canada - National Science Library

    Murphy, David W; Xue, Xinzhi; Sampath, Kaushik; Katz, Joseph

    2016-01-01

    This study investigates the effects of premixing oil with chemical dispersant at varying concentrations on the flow structure and droplet dynamics within a crude oil jet transitioning into a plume in a crossflow...

  10. Effects of crude oil pollution on the germination of Zea mays and Capsicum frutescens

    Energy Technology Data Exchange (ETDEWEB)

    Amakiri, J.O.; Onofeghara, F.A.

    1984-01-01

    The effects of crude oil pollution on the germination of Zea mays F7 and F27 and Capsicum frutescens were investigated. Crude oil was found to inhibit the germination of all the seed types used. The rate of germination decreased signficantly with increase in the length of the period of presoaking. The germination percentage of oil-soaked seeds of Zea mays also fell significantly with time. Seeds of Capsicum frutescens are most tolerant of crude oil in their germination response. The seeds were found to retain almost 100% viability after nearly 1 year of presoaking in crude oil. The lag phase preceding the germination of such seeds, however, increased threefold. Germination inhibition is attributed primarily to the physical surface characteristics of soil, which make it function as a physical barrier to water and oxygen. However, crude oil, where it penetrates, may be toxic to the embryos.

  11. Application of microbiological methods for secondary oil recovery from the Carpathian crude oil reservoirs

    Energy Technology Data Exchange (ETDEWEB)

    Karaskiewicz, J.

    1974-01-01

    The investigation made it possible to isolate from different ecologic environmental (soil, crude oil, formation water, industrial wastes) bacteria cultures of the genus Arthrobacter, Clostridium, Mycobacterium, Peptococcus, and Pseudomonas. These heterotrophic bacteria are characterized by a high metabolic and biogeochemical activity hydrocarbon transformation. Experiments on a technical scale were conducted from 1961 to 1971 in 20 wells; in this study, only the 16 most typical examples are discussed. The experiments were conducted in Carpathian crude oil reservoirs. To each well, a 500:1 mixture of the so-called bacteria vaccine (containing an active biomass of cultures obtained by a specific cultivation method and holding 6 x 10/sup 5/ bacteria cells in 1 ml of fluid, 2,000 kg of molasses, and 50 cu m of water originating from the reservoir submitted to treatment) was injected at 500 to 1,200 m. The intensification of the microbiological processes in the reservoir was observed. This phenomenon occurred not only in the wells to which the bacteria vaccine was injected, but also in the surrounding producing wells. At the same time, an increase in the crude oil production occurred on the average within the range from 20 to 200% and the surpluses of crude oil production continued for 2 to 8 yr. (92 refs.)

  12. Comparisons Between Asphaltenes from the Dead and Live-Oil Samples of the Same Crude Oils

    DEFF Research Database (Denmark)

    Aquino-Olivos, M.A.; Andersen, Simon Ivar; Lira-Galeana, C.

    2003-01-01

    extracted and analyzed. These pressure-driven asphaltenes found on the filter were found to make up in the range between 50 and 100 ppm of the whole crude oil. Opening of the cell did not reveal asphaltenes retained due to wall adhesion. Size exclusion chromatography tests performed on both the live...

  13. Modeling of polarized infrared contrast of water surface polluted by crude oil

    Science.gov (United States)

    Zhang, Jun; Xie, Kai; Liu, Shijun; Wang, Feng

    2014-01-01

    Due to different emissivities, reflectivities, and surface temperatures between crude oil and water, polarized infrared contrast occurs and has the potential in oil spill surveillance. Based on the assumption that oil layer is smooth, optically thick, and viewed in a direct path, a simulation model dealing with polarization contrast between crude oil and water is presented. The radiance and polarization contrasts in the 8-14 μm band are calculated and compared. The calculation results show that polarization contrast is much stronger than radiance contrast at most viewing angles and polarimetry has the superiority in remote sensing of crude oil spills.

  14. Natural gas hydrate formation and inhibition in gas/crude oil/aqueous systems

    DEFF Research Database (Denmark)

    Daraboina, Nagu; Pachitsas, Stylianos; von Solms, Nicolas

    2015-01-01

    in comparison with that in pure water. This observed hydrate inhibition potential shows significant variation depending on the type of crude oil. The influence of crude oil composition (saturates, aromatics, resins and asphaltenes) on this behavior was probably due to the existence of a combination of different...... inhibition mechanisms and potentially a competition among inhibition-promotion mechanisms. Moreover, the hydrate formation time has been determined at different water cuts in each crude oil and it was found that the inhibition capability increases with an increase in the oil content. The effect...... can contribute to the safe operation of sub sea pipelines in the oil and gas industry....

  15. High oil prices and the African economy | African Development Bank ...

    African Journals Online (AJOL)

    ... the Africa Development Bank, in this paper, highlights the expected effects of high oil prices on oil-importing and exporting member countries. It therefore recommends the implementation of remedial policies by importers and other supports from the international community to bridge the financing gap arising from the oil ...

  16. A New Strategy to Refine Crude Indian Sardine Oil.

    Science.gov (United States)

    Charanyaa, S; Belur, Prasanna D; Regupathi, I

    2017-05-01

    Current work aims to develop a refining process for removing phospholipids, free fatty acids (FFA), and metal ions without affecting n-3 polyunsaturated fatty acid (n-3 PUFA) esters present in the crude Indian sardine oil. Sardine oil was subjected to degumming with various acids (orthophosphoric acid, acetic acid, and lactic acid), conventional and membrane assisted deacidification using various solvents (methanol, ethanol, propanol and butanol) and bleaching with bleaching agents (GAC, activated earth and bentonite) and all the process parameters were further optimized. Degumming with 5%(w/w) ortho phosphoric acid, two stage solvent extraction with methanol at 1:1 (w/w) in each stage and bleaching with 3% (w/w) activated charcoal loading, at 80ºC for 10 minutes resulted in the reduction of phospholipid content to 5.66 ppm from 612.66 ppm, FFA to 0.56% from 5.64% with the complete removal of iron and mercury. Under these conditions, the obtained bleached oil showed an enhancement of n-3 PUFA from 16.39 % (11.19 Eicosapentaenoic acid (EPA) + 5.20 Docosahexaenoic acid (DHA)) to 17.91 % (11.81 EPA + 6.1 DHA). Replacing conventional solvent extraction with membrane deacidification using microporous, hydrophobic polytetrafluoroethylene membrane (PTFE), resulted in a lesser solvent residue (0.25% (w/w)) in the deacidified oil. In view of lack of reports on refining of n-3 PUFA rich marine oils without concomitant loss of n-3 PUFA, this report is significant.

  17. Interactions between Zooplankton and Crude Oil: Toxic Effects and Bioaccumulation of Polycyclic Aromatic Hydrocarbons

    Science.gov (United States)

    Almeda, Rodrigo; Wambaugh, Zoe; Wang, Zucheng; Hyatt, Cammie; Liu, Zhanfei; Buskey, Edward J.

    2013-01-01

    We conducted ship-, shore- and laboratory-based crude oil exposure experiments to investigate (1) the effects of crude oil (Louisiana light sweet oil) on survival and bioaccumulation of polycyclic aromatic hydrocarbons (PAHs) in mesozooplankton communities, (2) the lethal effects of dispersant (Corexit 9500A) and dispersant-treated oil on mesozooplankton, (3) the influence of UVB radiation/sunlight exposure on the toxicity of dispersed crude oil to mesozooplankton, and (4) the role of marine protozoans on the sublethal effects of crude oil and in the bioaccumulation of PAHs in the copepod Acartia tonsa. Mortality of mesozooplankton increased with increasing oil concentration following a sigmoid model with a median lethal concentration of 32.4 µl L−1 in 16 h. At the ratio of dispersant to oil commonly used in the treatment of oil spills (i.e. 1∶20), dispersant (0.25 µl L−1) and dispersant- treated oil were 2.3 and 3.4 times more toxic, respectively, than crude oil alone (5 µl L−1) to mesozooplankton. UVB radiation increased the lethal effects of dispersed crude oil in mesozooplankton communities by 35%. We observed selective bioaccumulation of five PAHs, fluoranthene, phenanthrene, pyrene, chrysene and benzo[b]fluoranthene in both mesozooplankton communities and in the copepod A. tonsa. The presence of the protozoan Oxyrrhis marina reduced sublethal effects of oil on A. tonsa and was related to lower accumulations of PAHs in tissues and fecal pellets, suggesting that protozoa may be important in mitigating the harmful effects of crude oil exposure in copepods and the transfer of PAHs to higher trophic levels. Overall, our results indicate that the negative impact of oil spills on mesozooplankton may be increased by the use of chemical dispersant and UV radiation, but attenuated by crude oil-microbial food webs interactions, and that both mesozooplankton and protozoans may play an important role in fate of PAHs in marine environments. PMID:23840628

  18. Interactions between zooplankton and crude oil: toxic effects and bioaccumulation of polycyclic aromatic hydrocarbons.

    Directory of Open Access Journals (Sweden)

    Rodrigo Almeda

    Full Text Available We conducted ship-, shore- and laboratory-based crude oil exposure experiments to investigate (1 the effects of crude oil (Louisiana light sweet oil on survival and bioaccumulation of polycyclic aromatic hydrocarbons (PAHs in mesozooplankton communities, (2 the lethal effects of dispersant (Corexit 9500A and dispersant-treated oil on mesozooplankton, (3 the influence of UVB radiation/sunlight exposure on the toxicity of dispersed crude oil to mesozooplankton, and (4 the role of marine protozoans on the sublethal effects of crude oil and in the bioaccumulation of PAHs in the copepod Acartia tonsa. Mortality of mesozooplankton increased with increasing oil concentration following a sigmoid model with a median lethal concentration of 32.4 µl L(-1 in 16 h. At the ratio of dispersant to oil commonly used in the treatment of oil spills (i.e. 1∶20, dispersant (0.25 µl L(-1 and dispersant-treated oil were 2.3 and 3.4 times more toxic, respectively, than crude oil alone (5 µl L(-1 to mesozooplankton. UVB radiation increased the lethal effects of dispersed crude oil in mesozooplankton communities by 35%. We observed selective bioaccumulation of five PAHs, fluoranthene, phenanthrene, pyrene, chrysene and benzo[b]fluoranthene in both mesozooplankton communities and in the copepod A. tonsa. The presence of the protozoan Oxyrrhis marina reduced sublethal effects of oil on A. tonsa and was related to lower accumulations of PAHs in tissues and fecal pellets, suggesting that protozoa may be important in mitigating the harmful effects of crude oil exposure in copepods and the transfer of PAHs to higher trophic levels. Overall, our results indicate that the negative impact of oil spills on mesozooplankton may be increased by the use of chemical dispersant and UV radiation, but attenuated by crude oil-microbial food webs interactions, and that both mesozooplankton and protozoans may play an important role in fate of PAHs in marine environments.

  19. Indigenous production of biosurfactant and degradation of crude oil

    Directory of Open Access Journals (Sweden)

    Hamid Rashedi

    2015-04-01

    Full Text Available The present study investigated the isolation and identification of biosurfactant producing bacteria from Iranian oil wells. The biosurfactant production of bacteria isolates was evaluated and confirmed using hemolysis and emulsification tests. The biodegradation of crude oil was studied using GC and HPLC analysis. A total of 45 strains have been isolated. These strains showed less than a 40 mN m-1 reduction in surface tension. The effects of different pH (4.2-9.2, salinity concentrations (1%-15%, and temperatures (25-50 in biosurfactant production of isolated strains were evaluated. One of the strains (Bacillus sp. NO.4 showed a high salt tolerance and a successful production of biosurfactant in a vast pH range. Its maximum biomass production (about 3.1 g L-1 dry weight was achieved after 60 hours of growth. The surface tension of the culture broth dropped rapidly after inoculation and reached its lowest value (36 mN m-1 during the exponential phase after about 36-48 hours of growth. The study of the GC graphs showed that higher aliphatic reduction occurred in fractions with C14 to C24 hydrocarbons. The depicted results of the HPLC graphs indicated a 100% degradation of chrysene and fluorine. In this study, we demonstrated the useful capacities of the isolates in removing oil pollutants and their application in MEOR in vitro.

  20. Crude. The story of oil; Ongeraffineerd. Het verhaal van olie

    Energy Technology Data Exchange (ETDEWEB)

    Shah, S.

    2008-07-01

    A story of oil, from the circumstances of its birth millions of years ago to the spectacle of its rise as the indispensable ingredient of modern life. In addition to fueling our SUVs and illuminating our cities, crude oil and its byproducts fertilize our produce, pave our roads, and make plastic possible. The author infuses recent twists in the story with equal drama, through chronicles of colorful modern-day characters and moves between scientific, economic, political, and social analysis, capturing the many sides of the indispensable mineral that we someday may have to find a way to live without. For the Dutch version, the author wrote a special chapter on the role of oil in the Netherlands. [Dutch] Analyse van de wetenschappelijke, economische, politieke en sociale aspecten van ruwe olie. Ongeraffineerd legt de vele maatschappelijke implicaties bloot van een onmisbare grondstof die we binnen afzienbare tijd toch zullen moeten vervangen. Speciaal voor deze editie schreef de auteur een hoofdstuk over de rol van olie in Nederland. Het boek verhaalt ook over het zwarte goud, van de omstandigheden waaronder het miljoenen jaren geleden is ontstaan, via de spectaculaire opkomst sinds de ontdekking ervan in de negentiende eeuw tot het onmisbare ingredient voor het moderne leven dat het is geworden.

  1. Jump spillover between oil prices and exchange rates

    Science.gov (United States)

    Li, Xiao-Ping; Zhou, Chun-Yang; Wu, Chong-Feng

    2017-11-01

    In this paper, we investigate the jump spillover effects between oil prices and exchange rates. To identify the latent historical jumps for exchange rates and oil prices, we use a Bayesian MCMC approach to estimate the stochastic volatility model with correlated jumps in both returns and volatilities for each. We examine the simultaneous jump intensities and the conditional jump spillover probabilities between oil prices and exchange rates, finding strong evidence of jump spillover effects. Further analysis shows that the jump spillovers are mainly due to exogenous events such as financial crises and geopolitical events. Thus, the findings have important implications for financial risk management.

  2. Characterization of crude oil-water and solid -water interfaces and adsorption / desorption properties of crude oil fractions: The effect of low salinity water and pH

    Energy Technology Data Exchange (ETDEWEB)

    Farooq, Umer

    2010-09-15

    The reservoirs of conventional oil are rapidly depleting because of increased production and consumption of crude oil in the world. Mature and mostly depleted oil reservoirs require advanced recovery techniques to sustain the production rates. During the past years, a variety of enhanced oil recovery (EOR) methods have been developed and implemented to increase the oil recovery from mature reservoirs. Low Salinity Waterflooding (LSW) is an emerging EOR process of injecting water containing low concentrations (<4000 ppm) of total dissolved solids into the reservoir. This moderate cost process yields relatively higher incremental recoveries than other water based recovery methods. Investigation of mechanisms for increased recovery is quite challenging because this process depends upon complex crude oil/water/rock properties. This work was done to study the surface chemistry of typical reservoir surfaces where LSW can be used for EOR. The oil water and solid-water interfaces were characterised in low salinity aqueous solutions and investigated how the electrolytes and pH of solutions affect the interfacial and surface properties. The influence of low saline aqueous solution on the desorption behaviour of different fractions (acid-free oil and base-free oil) of crude oils was also explored. Reservoir minerals are sensitive to small changes in solution properties and therefore model, outcrop and reservoir particles were characterized in low salinity aqueous solutions. The extent of ionic adsorption on the mineral surfaces was found by various techniques. Particles were also characterized with respect to their elemental compositions. Asphaltene adsorption/desorption on reservoir rock surfaces play an important role in EOR processes. Various injection sequences of low saline aqueous solution of Na +, Ca2+ and sea water were considered to study the desorption of asphaltenes from silica surfaces. Composition of the aqueous phase influenced the interfacial properties of

  3. Optimization of China Crude Oil Transportation Network with Genetic Ant Colony Algorithm

    Directory of Open Access Journals (Sweden)

    Yao Wang

    2015-08-01

    Full Text Available Taking into consideration both shipping and pipeline transport, this paper first analysed the risk factors for different modes of crude oil import transportation. Then, based on the minimum of both transportation cost and overall risk, a multi-objective programming model was established to optimize the transportation network of crude oil import, and the genetic algorithm and ant colony algorithm were employed to solve the problem. The optimized result shows that VLCC (Very Large Crude Carrier is superior in long distance sea transportation, whereas pipeline transport is more secure than sea transport. Finally, this paper provides related safeguard suggestions on crude oil import transportation.

  4. Learning Crude Oil by Using Scientific Literacy Comics

    Science.gov (United States)

    Aisyah, R.; Zakiyah, I. A.; Farida, I.; Ramdhani, M. A.

    2017-09-01

    A research has been conducted to create a crude oil learning media in the form of scientific literacy-oriented comic. The research included some phases, namely: concept analysis, material transformation to concept map, indicator identification and science literacy aspect. The product was made based on flowcharts and storyboards that have been validated by expert validators. The product has characteristics namely; 1) Develops indicators and aspects of science literacy, 2) presents the materials in form of story of science fiction genre, 3) has characters adopting levels of scientific literacy, 4) has optional stories, because it depends on questions asked to develop scientific literacy in terms of content, context, process and attitude. Based on feasibility test, the product is feasible to be used as learning media. It is suggested to do an expanded experiment to examine its affectivity in improving scientific literacy and growing students’ awareness about the issues of energy crisis and the impacts of fossil fuel use on the environment.

  5. Kinetic characteristics of the pyrolysis of heavy crude oil

    Energy Technology Data Exchange (ETDEWEB)

    Samoylov, A.S.; Kurochkin, A.P.; Pul' kina, M.K.; Berdova, N.N.

    1980-11-01

    Pyrolysis of heavy crude oil yields gaseous, liquid and solid products whose chemical composition and value are analyzed on the basis of Arlanskaya Petroleum and directly distilled Arlanskaya mazut. Tests were conducted on laboratory equipment with a solid heater in a dense immobile layer in the temperature range of 660-905/sup 0/C for 0.08 - 0.2 seconds, and with a falling gas suspension method at temperatures of 680-805/sup 0/C for 0.7-2.4 seconds. Ideal features of equipment and the course of the tests are described. The length of reaction time was found to be a key factor in benzene yield, with best results at about 1 second. Temperature increases brought reduced ethylene yields, as well as decreased quantities of paraffin and naphthene hydrocarbons. The distribution of sulphurous compounds depended on the composition of the original raw material.

  6. A comprehensive segmentation analysis of crude oil market based on time irreversibility

    Science.gov (United States)

    Xia, Jianan; Shang, Pengjian; Lu, Dan; Yin, Yi

    2016-05-01

    In this paper, we perform a comprehensive entropic segmentation analysis of crude oil future prices from 1983 to 2014 which used the Jensen-Shannon divergence as the statistical distance between segments, and analyze the results from original series S and series begin at 1986 (marked as S∗) to find common segments which have same boundaries. Then we apply time irreversibility analysis of each segment to divide all segments into two groups according to their asymmetry degree. Based on the temporal distribution of the common segments and high asymmetry segments, we figure out that these two types of segments appear alternately and do not overlap basically in daily group, while the common portions are also high asymmetry segments in weekly group. In addition, the temporal distribution of the common segments is fairly close to the time of crises, wars or other events, because the hit from severe events to oil price makes these common segments quite different from their adjacent segments. The common segments can be confirmed in daily group series, or weekly group series due to the large divergence between common segments and their neighbors. While the identification of high asymmetry segments is helpful to know the segments which are not affected badly by the events and can recover to steady states automatically. Finally, we rearrange the segments by merging the connected common segments or high asymmetry segments into a segment, and conjoin the connected segments which are neither common nor high asymmetric.

  7. Effects of bonny light crude oil on anti-oxidative enzymes and total ...

    African Journals Online (AJOL)

    CHINEDU

    The ingestion of crude oil either orally or through polluted marine species represents a pathway for the delivery of potential toxicants to the human system. The study, therefore, analysed the effects of bonny light crude oil on the activities of anti-oxidative enzymes [superoxide dismutase (SOD), catalase (CAT), glutathione S-.

  8. Effects of Crude Oil on Biomass and Protein Production by Aquatic ...

    African Journals Online (AJOL)

    The growth response was measured spectrophotometrically using optical density (OD) at 600nm. Yarrowia lipolytica responded positively to different crude oil levels. A general assessment indicated that 2% (v/v) crude oil concentration stimulated maximum growth and protein production of this organism. Lower yields were ...

  9. growth development in pre-pubertal female rabbits fed crude oil

    African Journals Online (AJOL)

    OMA

    contaminated diet. Similar depressed observations were made in the animals fed contaminated forage on other parameters as feed intake and feed efficiency compared with animals in the ... from reputable farms in Port Harcourt. ... animals and those fed crude oil contaminated forage is a conformation that crude oil is toxic.

  10. Economic effects of crude oil spillages on crop farms in Rivers state ...

    African Journals Online (AJOL)

    This article focused on economic effects of crude oil spillages on crop farms in Rivers State, Nigeria. The objectives of the study were to calculate the areas of crop farms spilled by crude oil and estimate the corresponding economic losses. Data for the study were collected using a multistage sampling procedure. A total of ...

  11. Bioremediation Potential of Native Hydrocarbons Degrading Bacteria in Crude Oil Polluted Soil

    Directory of Open Access Journals (Sweden)

    Mariana MARINESCU

    2017-05-01

    Full Text Available Bioremediation of crude oil contaminated soil is an effective process to clean petroleum pollutants from the environment. Crude oil bioremediation of soils is limited by the bacteria activity in degrading the spills hydrocarbons. Native crude oil degrading bacteria were isolated from different crude oil polluted soils. The isolated bacteria belong to the genera Pseudomonas, Mycobacterium, Arthrobacter and Bacillus. A natural biodegradable product and bacterial inoculum were used for total petroleum hydrocarbon (TPH removal from an artificial polluted soil. For soil polluted with 5% crude oil, the bacterial top, including those placed in the soil by inoculation was 30 days after impact, respectively 7 days after inoculum application, while in soil polluted with 10% crude oil,  multiplication top of bacteria was observed in the determination made at 45 days after impact and 21 days after inoculum application, showing once again how necessary is for microorganisms habituation and adaptation to environment being a function of pollutant concentration. The microorganisms inoculated showed a slight adaptability in soil polluted with 5% crude oil, but complete inhibition in the first 30 days of experiment at 10% crude oil.

  12. Anti-spermatogenic and estrogenic effects of Escravos crude oil in ...

    African Journals Online (AJOL)

    ... to 5.50 +/- 0.90 g). The histology of the testes revealed decreased spermatogenic activity. The findings of this study suggest that Escravos crude oil could be a potential endocrine disruptor and anti-spermatogenic agent. Keywords: Escravos crude oil, Estradiol, Anti-Spermatogenesis, Total cholesterol, Chinchilla rabbits.

  13. Determining the tolerance level of Zea mays (maize) to a crude oil ...

    African Journals Online (AJOL)

    This research sought to investigate the tolerance level of Zea mays (maize) on a crude oil contaminated soil using indices of plant performance such as plant height, leaf area and fresh cob yield. In the experiments described, conditions of a major spill were simulated by pouring different amounts of crude oil on experimental ...

  14. Biodegradation of Bonny light crude oil in soil microcosm by some ...

    African Journals Online (AJOL)

    Biodegradation of Bonny light crude oil in soil microcosm by some bacterial strains isolated from crude oil flow stations saver pits in Nigeria. A. I. Okoh. Abstract. In an effort at developing an active indigenous bacterial consortium that could be of relevance in bioremediation of petroleum contaminated systems in Nigeria, four ...

  15. The Parameters Controlling the Burning Efficiency of In-Situ Burning of Crude Oil on Water

    DEFF Research Database (Denmark)

    van Gelderen, Laurens; Jomaas, Grunde

    2017-01-01

    Parameters that control the burning efficiency of in-situ burning of crude oil on water were identified by studying the influence of the initial slick thickness, vaporization order, oil slick diameter, weathering state of the oil, heat losses to the water layer and heat flux to the fuel surface...... on the burning efficiency for light and heavy crude oils. These parameters were studied in several small scale and intermediate scale experimental setups. The results showed that the heat losses to the water layer increase with increasing burning time because the components in a crude oil evaporate from volatile...... oil. It can be concluded that the pool fire diameter is the key parameter that determines the burning efficiency of crude oil fires on water, which was partially attributed to the increasing heat flux (in kW/m2) to the fuel surface with increasing diameter. Increasing the heat flux to the fuel surface...

  16. Does oil price uncertainty affect energy use?

    NARCIS (Netherlands)

    Kuper, Gerhard H.; Soest, Daan P. van

    2003-01-01

    Theory predicts that the presence of fixed costs affects the relationship between energy use and energy price changes, as the firm's output and investment decisions respond differently to energy price increases and decreases. The asymmetry in response to energy price changes is exacerbated by

  17. Does oil price uncertainty affect energy use?

    NARCIS (Netherlands)

    Kuper, G.H.; van Soest, D.P.

    2006-01-01

    Theory predicts that the presence of fixed costs implies that the relationship between energy use and energy price changes is asymmetric, as the firm's output and investment decisions respond differently to energy price increases and decreases. The asymmetry is exacerbated if future energy prices

  18. Co-processing of olive bagasse with crude rapeseed oil via pyrolysis.

    Science.gov (United States)

    Uçar, Suat; Karagöz, Selhan

    2017-05-01

    The co-pyrolysis of olive bagasse with crude rapeseed oil at different blend ratios was investigated at 500ºC in a fixed bed reactor. The effect of olive bagasse to crude rapeseed oil ratio on the product distributions and properties of the pyrolysis products were comparatively investigated. The addition of crude rapeseed oil into olive bagasse in the co-pyrolysis led to formation of upgraded biofuels in terms of liquid yields and properties. While the pyrolysis of olive bagasse produced a liquid yield of 52.5 wt %, the highest liquid yield of 73.5 wt % was obtained from the co-pyrolysis of olive bagasse with crude rapeseed oil at a blend ratio of 1:4. The bio-oil derived from olive bagasse contained 5% naphtha, 10% heavy naphtha, 30% gas oil, and 55% heavy gas oil. In the case of bio-oil obtained from the co-pyrolysis of olive bagasse with crude rapeseed oil at a blend ratio of 1:4, the light naphtha, heavy naphtha, and light gas oil content increased. This is an indication of the improved characteristics of the bio-oil obtained from the co-processing. The heating value of bio-oil from the pyrolysis of olive bagasse alone was 34.6 MJ kg-1 and the heating values of bio-oils obtained from the co-pyrolysis of olive bagasse with crude rapeseed oil ranged from 37.6 to 41.6 MJ kg-1. It was demonstrated that the co-processing of waste biomass with crude plant oil is a good alternative to improve bio-oil yields and properties.

  19. World Oil Prices and Output Losses in Developing Countries

    OpenAIRE

    Pearce, David; Westoby, Richard

    1985-01-01

    The purpose of this paper is to measure the impact of the 1979 oil price "hike" on a selected group of developing countries. The model used for this exercise is an adaptation of a straightforward income-determination model in which domestic oil revenues are treated as a "tax" revenue from oil exports as an exogenous source of government revenue. The basis of the model is a standard GDP accounting identity modified such that government expenditure is disaggregated into domestic oil revenue, fo...

  20. Financial and monetary policy responses to oil price shocks: evidence from oil-importing and oil-exporting countries

    OpenAIRE

    Filis, George; Chatziantoniou, I.

    2014-01-01

    In this study, we investigate the financial and monetary policy responses to oil price shocks using a Structural VAR framework. We distinguish between net oil-importing and net oil-exporting countries. Since the 80s, a significant number of empirical studies have been published investigating the effect of oil prices on macroeconomic and financial variables. Most of these studies though, do not make a distinction between oil-importing and oil-exporting economies. Overall, our results indicate ...

  1. Effects of Vitamin E Supplementation in Male Rats with Crude Oil-Induced Reproductive Toxicity

    Directory of Open Access Journals (Sweden)

    Izuchukwu S. OCHIOGU

    2017-09-01

    Full Text Available Crude oil intoxication is a major threat among people and animals living around the crude oil producing regions of the world, hence the search for ameliorating agents. Forty-four male Wistar rats assigned into three groups were used to investigate the effects of vitamin E supplementation on crude oil-induced reprotoxicity (reproductive toxicity in male rats. Group A represented the unexposed control, whereas groups B and C were exposed orally to 0.15 and 0.3 ml of crude oil respectively every other day for 56 days. Both the low dose and high dose oral administration of crude oil caused a significant reduction in the serum testosterone level (STL and cauda epididymal sperm reserve (CESR of the exposed rats when compared to the control. Crude oil withdrawal and vitamin E supplementation significantly improved the cauda epididymal sperm reserve (CESR in all the subgroups. The serum alanine aminotransferase (ALT and aspartate aminotransferase (AST activities of the control and low dose group were significantly lower than those of the high dose group. The high dose crude oil administration significantly decreased the mean serum total protein (STP and sodium ions (Na+ concentration. The mean serum total cholesterol (STC value of the low dose group was significantly higher than those of the control and high dose group. However, crude oil withdrawal and vitamin E supplementation did not significantly alter the mean serum total protein (STP and mean serum total cholesterol (STC values in all the subgroups. Vitamin E supplementation following low dose crude oil withdrawal enhanced the mean serum Chloride ions (Cl-concentration. The present findings revealed that Nigerian Qua Iboe Brent crude oil induced serious reprotoxic effects in male rats which vitamin E administration within 28 days did not completely reverse.

  2. On the stabilization of water in crude oil emulsions

    Energy Technology Data Exchange (ETDEWEB)

    Czarnecki, J. [Alberta Univ., Edmonton, AB (Canada). Dept. of Chemical and Materials Engineering

    2008-07-01

    In this study, material collected from W/O emulsion droplets from several oil samples from various geographical locations, including Athabasca bitumen was analyzed by Fourier Transform Ion Cyclotron Resonance Mass Spectrometry (FT-ICR MS). It was found to be composed of similar low molecular weight molecules containing mostly carboxylic and thiophenic groups with double bound equivalents (DBE) of the most abundant species ranging from 2 to 8. Many of the species were not even aromatic, and most were not polyaromatic. According to the mass spectral results, the surface material does not fit a conventional description of asphaltenes, being heavy, polar, polyaromatic species. Microscope observations of emulsion and rag layer samples suggest the presence of optically anisotropic species at the emulsified water droplet surfaces. Studies of phase equilibria in sodium naphthenate - toluene or heptane - water system indicate that naphthenate species can form organized phases, including liquid crystals. The author cautioned that although the nature of surface species and the exact mechanism of W/O emulsion stabilization is not fully understood, the current rule that asphaltenes or biwettable fine solids are solely responsible for water in crude oil emulsion stabilization is highly oversimplified and could hinder further progress in the field.

  3. Optimization of squalene produced from crude palm oil waste

    Science.gov (United States)

    Wandira, Irda; Legowo, Evita H.; Widiputri, Diah I.

    2017-01-01

    Squalene is a hydrocarbon originally and still mostly extracted from shark liver oil. Due to environmental issues over shark hunting, there have been efforts to extract squalene from alternative sources, such as Palm Fatty Acid Distillate (PFAD), one of crude palm oil (CPO) wastes. Previous researches have shown that squalene can be extracted from PFAD using saponification process followed with liquid-liquid extraction process although the method had yet to be optimized in order to optimize the amount of squalene extracted from PFAD. The optimization was done by optimizing both processes of squalene extraction method: saponification and liquid-liquid extraction. The factors utilized in the saponification process optimization were KOH concentration and saponification duration while during the liquid-liquid extraction (LLE) process optimization, the factors used were the volumes of distilled water and dichloromethane. The optimum percentage of squalene content in the extract (24.08%) was achieved by saponifying the PFAD with 50%w/v KOH for 60 minutes and subjecting the saponified PFAD to LLE, utilizing 100 ml of distilled water along with 3 times addition of fresh dichloromethane, 75 ml each; those factors would be utilized in the optimum squalene extraction method.

  4. Oil prices and economic activity: An asymmetric cointegration approach

    Energy Technology Data Exchange (ETDEWEB)

    Lardic, Sandrine [EconomiX-CNRS, University of Paris 10 (France); Mignon, Valerie [EconomiX-CNRS, University of Paris 10 (France); CEPII, Paris (France)

    2008-05-15

    The aim of this paper is to study the long-term relationship between oil prices and economic activity, proxied by GDP. To account for asymmetries existing in the links between the two variables, we propose an approach based on asymmetric cointegration. Our empirical analysis concerns the U.S. economy, but also the G7, Europe and Euro area economies. Results indicate that, while standard cointegration is rejected, there is evidence for asymmetric cointegration between oil prices and GDP. (author)

  5. Acute toxicities of crude oils and oil-dispersant mixtures to Red sea fishes and invertebrates

    Energy Technology Data Exchange (ETDEWEB)

    Eisler, R.

    1975-11-01

    Crude oil from fields in the Persian Gulf and in the Sinai plus a chemical oil dispersant were tested, using static bioassay procedures, for toxicity to adults or juveniles of ten marine species: Heteroxenia fuscescens, a soft coral; Nerita forskali and Drupa granulata, gastropod molluscs; Mytilus variabilis, a mussel; Acanthopleura haddoni, a chiton (mollusc); Echinometra mathaei, sea urchin; Calcinus latens, a hermit crab; Palaemon pacificus, a shrimp; Parupeneus barberinus, goatfish; and Siganus rivulatus, rabbitfish. Concentrations fatal to 50 percent of individual test species in 168 hours, LC-50 (168 h), ranged from 0.74 to more than 30.0 ml/liter for Persian Gulf crude, from 14.5 to more than 30.0 ml/liter for Sinai crude, and from 0.006 to 0.064 ml/liter for the dispersant. In general, fishes and crustaceans were the most sensitive groups assayed and molluscs the most resistant. LC-50 (168 h) values for oil-dispersant mixtures of 10 parts oil to 1 part dispersant (v/v) for selected species ranged from 0.047 to 0.152 ml/liter which appears to reflect the biocidal properties of the dispersant. Some individuals that survived immersion in high concentrations of the test compounds for 168 h were adversely affected during treatment and afterwards.

  6. Crude Oil Model Emulsion Characterised by means of Near Infrared Spectroscopy and Multivariate Techniques

    DEFF Research Database (Denmark)

    Kallevik, H.; Hansen, Susanne Brunsgaard; Sæther, Ø.

    2000-01-01

    Water-in-oil emulsions are investigated by means of multivariate analysis of near infrared (NIR) spectroscopic profiles in the range 1100 - 2250 nm. The oil phase is a paraffin-diluted crude oil from the Norwegian Continental Shelf. The influence of water absorption and light scattering of the wa......Water-in-oil emulsions are investigated by means of multivariate analysis of near infrared (NIR) spectroscopic profiles in the range 1100 - 2250 nm. The oil phase is a paraffin-diluted crude oil from the Norwegian Continental Shelf. The influence of water absorption and light scattering...

  7. Oil price shocks and GCC capital markets: who drives whom?

    OpenAIRE

    Rizvi, Aun; Masih, Mansur

    2014-01-01

    Global reliance on Hydrocarbon sector has dramatically increased multi-fold which has led to rise to dominance of GCC. GCC is home to 45% of the proven oil reserves and contributes nearly 35% of the world oil exports annually. With such heavy reliance of the world on GCC for its oil produce, and the GCC’s economic reliance on Oil and Gas exports, the matter of world oil price shocks and its transmission to other areas of economy is of immense importance to the GCC economies. With Oil wealth a...

  8. THE OIL PRICE HIKE ALTERS PURCHASING POWER AND DAILY CONSUMPTION BUYING BEHAVIOR OF SOCIETY OF INDONESIA

    OpenAIRE

    Budiono, GATUT L.

    2010-01-01

    The fuel price hike has caused panic stricken all level of Indonesia's society. Oil price hike directly driving majority daily consumption goods price increase. These oil price increase was not followed by the increase of income. The oil price hike has a wide economical concequences to Indonesia's society. Society's purchasing power has depressed lower and automatically changing daily consumption goods buying preference. The oil price hike affecting significantly to lower income society's dai...

  9. Sustainable Solution for Crude Oil and Natural Gas Separation using Concentrated Solar Power Technology

    Science.gov (United States)

    Choudhary, Piyush; Srivastava, Rakesh K.; Nath Mahendra, Som; Motahhir, Saad

    2017-08-01

    In today’s scenario to combat with climate change effects, there are a lot of reasons why we all should use renewable energy sources instead of fossil fuels. Solar energy is one of the best options based on features like good for the environment, independent of electricity prices, underutilized land, grid security, sustainable growth, etc. This concept paper is oriented primarily focused on the use of Solar Energy for the crude oil heating purpose besides other many prospective industrial applications to reduce cost, carbon footprint and moving towards a sustainable and ecologically friendly Oil & Gas Industry. Concentrated Solar Power technology based prototype system is proposed to substitute the presently used system based on natural gas burning method. The hybrid system which utilizes the solar energy in the oil and gas industry would strengthen the overall field working conditions, safety measures and environmental ecology. 40% reduction on natural gas with this hybrid system is estimated. A positive implication for an environment, working conditions and safety precautions is the additive advantage. There could also decrease air venting of CO2, CH4 and N2O by an average of 30-35%.

  10. Crude oil exposures reveal roles for intracellular calcium cycling in haddock craniofacial and cardiac development

    OpenAIRE

    Elin Sørhus; Incardona, John P.; Ørjan Karlsen; Tiffany Linbo; Lisbet Sørensen; Trond Nordtug; Terje van der Meeren; Anders Thorsen; Maja Thorbjørnsen; Sissel Jentoft; Edvardsen, Rolf B; Sonnich Meier

    2016-01-01

    Recent studies have shown that crude oil exposure affects cardiac development in fish by disrupting excitation-contraction (EC) coupling. We previously found that eggs of Atlantic haddock (Melanogrammus aeglefinus) bind dispersed oil droplets, potentially leading to more profound toxic effects from uptake of polycyclic aromatic hydrocarbons (PAHs). Using lower concentrations of dispersed crude oil (0.7–7 μg/L ∑PAH), here we exposed a broader range of developmental stages over both short and p...

  11. Effects of filtration methods on the neutralization yield of crude marine fish oil

    OpenAIRE

    Vera Lúcia Viana do Nascimento; Victória Maura Silva Bermúdez; André Luis Lima de Oliveira; Maurício Nunes Kleinberg; Rayane de Tasso Moreira Ribeiro; Rosa Ferreira Araujo de Abreu; José Osvaldo Beserra Carioca

    2015-01-01

    The evaluation of filtration methods on the yield and oleochemicals characteristics on the crude fish oil from the soapstock of marine fish for purposes of nutrition has been conducted in this work. The analytical properties of the crude and the neutralized oil with three excesses of sodium hydroxide (NaOH, 20%, 40% and 60%) were carried out on two different ways with organza and the “glass wool”. The neutralization of the oil brought about a notable improvement in the analytical ...

  12. Comparison of the effects of crude and spent oils on Tilapia ...

    African Journals Online (AJOL)

    Reduction in dissolved oxygen from 7.2 to 3.8 mg/L and 6.4 to 3.9 mg/L for crude and spent oil groups was significant (p>0.05). The death of fingerlings might be related to the decreased dissolved oxygen of the water due to the presence of crude oil or spent oil. Proper positioning of mechanic workshops and effective ...

  13. Oil price dynamics and speculation. A multivariate financial approach

    Energy Technology Data Exchange (ETDEWEB)

    Cifarelli, Giulio [University of Florence, Dipartimento di Scienze Economiche, via delle Pandette 9, 50127, Florence (Italy); Paladino, Giovanna [Economics Department, LUISS University (Italy); BIIS International Division (Italy)

    2010-03-15

    This paper assesses empirically whether speculation affects oil price dynamics. The growing presence of financial operators in the oil markets has led to the diffusion of trading techniques based on extrapolative expectations. Strategies of this kind foster feedback trading that may cause considerable departures of prices from their fundamental values. We investigate this hypothesis using a modified CAPM following Shiller (1984) and Sentana and Wadhwani (1992). First, a univariate GARCH(1,1)-M is estimated assuming the risk premium to be a function of the conditional oil price volatility. The single factor model, however, is outperformed by the multifactor ICAPM (Merton, 1973), which takes into account a larger investment opportunity set. Analysis is then carried out using a trivariate CCC GARCH-M model with complex nonlinear conditional mean equations where oil price dynamics are associated with both stock market and exchange rate behavior. We find strong evidence that oil price shifts are negatively related to stock price and exchange rate changes and that a complex web of time-varying first and second order conditional moment interactions affects both the CAPM and feedback trading components of the model. Despite the difficulties, we identify a significant role played by speculation in the oil market, which is consistent with the observed large daily upward and downward shifts in prices - a clear evidence that it is not a fundamental-driven market. Thus, from a policy point of view - given the impact of volatile oil prices on global inflation and growth - actions that monitor speculative activities on commodity markets more effectively are to be welcomed. (author)

  14. Naphthenic acids, total acid number and sulfur content profile characterization in Isthmus and Maya crude oils

    Energy Technology Data Exchange (ETDEWEB)

    Georgina C. Laredo; Carla R. Lopez; Regina E. Alvarez; Jose L. Cano [Instituto Mexicano del Petroleo, Mexico (Mexico)

    2004-08-01

    In order to understand the origin of the corrosive behavior presented in the Atmospheric/Vacuum Distillation Unit in the Salina Cruz Refinery, Mexico, where a 90/10 Isthmus/Maya crude blend is processed, distributions of sulfur content and total acid number along the distillation curves of the Maya and Isthmus crude oils were performed. Naphthenic acids characterizations for both crude oils are also presented. According to our results, the Isthmus crude oil may be more corrosive than the Mayan crude oil, apparently due to the presence of low molecular weight naphthenic acids and very low sulfur contents observed in the fractions distilled at temperatures below 200{sup o}C. The occurrence of this type of acids and the lack of a protective sulfur film might be the reason for this behavior. Nevertheless, other factors like salt content or equipment metallurgy should be considered before giving a final conclusion. 18 refs., 6 figs., 4 tabs.

  15. A new approach to model strain change of gelled waxy crude oil under constant stress

    DEFF Research Database (Denmark)

    Hou, Lei; Song, Changyu; Yan, Wei

    2014-01-01

    , a rheological model incorporating dispersion parameter was proposed to describe creep of gelled waxy crude. A discrete and numerical algorithm was proposed to solve the model. Combining with the experimental results of five kinds of waxy crude oil, the model parameters were regressed and found to change......Deformation of gelled waxy crude oil with loaded stress is worthy of research for the flow assurance of pipelining system. A dispersion parameter was introduced to characterize the disruption degree of wax crystal structure in crude oil with shear action. Based on fractional calculus theory...... monotonously with test temperature. Multiple creep curves of gelled waxy crude oil at a certain temperature can be described with this model....

  16. Relationships between oil price shocks and stock market: An empirical analysis from China

    DEFF Research Database (Denmark)

    Cong, Ronggang; Wei, Yi-Ming; Jiao, Jian-Ling

    2008-01-01

    This paper investigates the interactive relationships between oil price shocks and Chinese stock market using multivariate vector auto-regression. Oil price shocks do not show statistically significant impact on the real stock returns of most Chinese stock market indices, except for manufacturing...... index and some oil companies. Some “important” oil price shocks depress oil company stock prices. Increase in oil volatility may increase the speculations in mining index and petrochemicals index, which raise their stock returns. Both the world oil price shocks and China oil price shocks can explain...

  17. Upgrading of heavy crude oil with supported and unsupported transition metals

    Energy Technology Data Exchange (ETDEWEB)

    Nares, H.R.; Schacht-Hernandez, P.; Cabrera-Reyes, M.C.; Ramirez-Garnica, M.; Cazarez-Candia, O. [Instituto Mexicano del Petroleo, Atepehuacan (Mexico)

    2006-07-01

    Heavy crude oil presents many problems such as difficulty in transportation, low processing capacity in refineries, and low mobility through the reservoir due to high viscosity which affects the index of productivity of the wells. Because of these challenges, it is necessary to enhance heavy crude oil, both aboveground and underground. The effects of several metallic oxides used to upgrade heavy crude oil properties were examined in order to increase the mobility of reservoir oil by reducing viscosity and improving the quality of the oil. This can be accomplished by reducing the asphaltene and sulfur contents and increasing the American Petroleum Institute (API) gravity using transition metal supported in alumina and unsupported from transition metals derived from either acetylacetonate or alkylhexanoate in liquid phase homogeneously mixed with heavy crude oil as well as metal transition supported in alumina. KU-H heavy crude oil from the Golf of Mexico was studied. The results were obtained by Simulated Distillation and True Boiling Point (TBP). It was concluded that the use of crude oil thermal hydrocracking allowed the API gravity to increase and considerably reduce the viscosity. As a result, the productivity index in wells was increased. However there is a high formation of coke that could damage the conductivity of the rock and then reduce the potential of oil recovery. 27 refs., 3 tabs., 5 figs.

  18. Oil price dynamics : A behavioral finance approach with heterogeneous agents

    NARCIS (Netherlands)

    Ellen, Saskia ter; Zwinkels, Remco C J

    2010-01-01

    In this paper, we develop and test a heterogeneous agent model for the oil market. The demand for oil is divided in a speculative component and a real component. Speculators are boundedly rational in forming price expectations. Expectations are formed by one of two boundedly rational rules of thumb:

  19. Geochemistry of crude oils, seepage oils and source rocks from Belize and Guatemala

    DEFF Research Database (Denmark)

    Petersen, H.I.; Holland, B.; Nytoft, H.P.

    2012-01-01

    This study reviews the stratigraphy and the poorly documented petroleum geology of the Belize-Guatemala area in northern Central America. Guatemala is divided by the east-west trending La Libertad arch into the North and South Petén Basins. The arch is the westward continuation of the Maya...... generated from source rocks with similar thermal maturities. The crude oils were generated from marine carbonate source rocks and could be divided into three groups: Group 1 oils come from the North Petén Basin (Guatemala) and the western part of the Corozal Basin (Belize), and have a typical carbonate...

  20. Potential of the green alga Chlorella vulgaris for biodegradation of crude oil hydrocarbons.

    Science.gov (United States)

    Xaaldi Kalhor, Aadel; Movafeghi, Ali; Mohammadi-Nassab, Adel Dabbagh; Abedi, Ehsan; Bahrami, Ahmad

    2017-10-15

    Oil production and/or transportation can cause severe environmental pollution and disrupt the populations of living organisms. In the present study, biodegradation of petroleum hydrocarbons is investigated using Chlorella vulgaris as a green algal species. The microalga was treated by 10 and 20g/l crude oil/water concentrations at two experimental durations (7 and 14days). Based on the results obtained, C. vulgaris owned not only considerable resistance against the pollutants but also high ability in remediation of crude oil hydrocarbons (~94% of the light and ~88% of heavy compounds in 14days). Intriguingly, dry weight of C. vulgaris increased by the rising crude oil concentration indicating the positive effect of crude oil on the growth of the algal species. This biodegradation process is remarkably a continuous progression over a period of time. Copyright © 2017 Elsevier Ltd. All rights reserved.

  1. Paraffinic sludge reduction in crude oil storage tanks through the use of shearing and resuspension

    Directory of Open Access Journals (Sweden)

    Dundr Zdenek

    2004-09-01

    Full Text Available This paper presents a method of cleaning paraffinic crude oil sludge from storage tanks by shearing and resuspension using an in-line jet mixer. An explanation is presented of why sludge deposition occurs in storage tanks that contain paraffinic crude oil. Conventional methods of tank cleaning are discussed. A theory regarding the behaviour of a submerged fluid jet is presented and the concept of “critical energy minimum’ is established.This paper presents a method used to successfully clean a crude oil storage tank using an in-line jet mixer and the results of a practical case study are presented.

  2. Dynamic Jump Intensities and Risk Premiums in Crude Oil Futures and Options Markets

    DEFF Research Database (Denmark)

    Christoffersen, Peter; Jacobs, Kris; Li, Bingxin

    2016-01-01

    Options on crude oil futures are the most actively traded commodity options. We develop a class of computationally efficient discrete-time jump models that allow for closed-form option valuation, and we use crude oil futures and options data to investigate the economic importance of jumps...... and dynamic jump intensities in these markets. Allowing for jumps is crucial for modeling crude oil futures and futures options, and we find evidence in favor of time-varying jump intensities. During crisis periods, jumps occur more frequently. The properties of the jump processes implied by the option data...

  3. Literature Survey of Crude Oil Properties Relevant to Handling and Fire Safety in Transport.

    Energy Technology Data Exchange (ETDEWEB)

    Lord, David [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Luketa, Anay [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Wocken, Chad [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Schlasner, Steve [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Aulich, Ted [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Allen, Ray [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Rudeen, David Keith [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States)

    2015-03-01

    Several fiery rail accidents in 2013-2015 in the U.S. and Canada carrying crude oil produced from the Bakken region of North Dakota have raised questions at many levels on the safety of transporting this, and other types of crude oil, by rail. Sandia National Laboratories was commissioned by the U.S. Department of Energy to investigate the material properties of crude oils, and in particular the so-called "tight oils" like Bakken that comprise the majority of crude oil rail shipments in the U.S. at the current time. The current report is a literature survey of public sources of information on crude oil properties that have some bearing on the likelihood or severity of combustion events that may occur around spills associated with rail transport. The report also contains background information including a review of the notional "tight oil" field operating environment, as well a basic description of crude oils and potential combustion events in rail transport. This page intentionally blank

  4. Kinetic modeling and half life study on bioremediation of crude oil dispersed by Corexit 9500

    Energy Technology Data Exchange (ETDEWEB)

    Zahed, Mohammad Ali [School of Civil Engineering, Universiti Sains Malaysia, Engineering Campus, 14300 Nibong Tebal, Penang (Malaysia); Aziz, Hamidi Abdul, E-mail: cehamidi@eng.usm.my [School of Civil Engineering, Universiti Sains Malaysia, Engineering Campus, 14300 Nibong Tebal, Penang (Malaysia); Isa, Mohamed Hasnain [Civil Engineering Department, Universiti Teknologi PETRONAS, 31750 Tronoh, Perak (Malaysia); Mohajeri, Leila; Mohajeri, Soraya [School of Civil Engineering, Universiti Sains Malaysia, Engineering Campus, 14300 Nibong Tebal, Penang (Malaysia); Kutty, Shamsul Rahman Mohamed [Civil Engineering Department, Universiti Teknologi PETRONAS, 31750 Tronoh, Perak (Malaysia)

    2011-01-30

    Hydrocarbon pollution in marine ecosystems occurs mainly by accidental oil spills, deliberate discharge of ballast waters from oil tankers and bilge waste discharges; causing site pollution and serious adverse effects on aquatic environments as well as human health. A large number of petroleum hydrocarbons are biodegradable, thus bioremediation has become an important method for the restoration of oil polluted areas. In this research, a series of natural attenuation, crude oil (CO) and dispersed crude oil (DCO) bioremediation experiments of artificially crude oil contaminated seawater was carried out. Bacterial consortiums were identified as Acinetobacter, Alcaligenes, Bacillus, Pseudomonas and Vibrio. First order kinetics described the biodegradation of crude oil. Under abiotic conditions, oil removal was 19.9% while a maximum of 31.8% total petroleum hydrocarbons (TPH) removal was obtained in natural attenuation experiment. All DCO bioreactors demonstrated higher and faster removal than CO bioreactors. Half life times were 28, 32, 38 and 58 days for DCO and 31, 40, 50 and 75 days for CO with oil concentrations of 100, 500, 1000 and 2000 mg/L, respectively. The effectiveness of Corexit 9500 dispersant was monitored in the 45 day study; the results indicated that it improved the crude oil biodegradation rate.

  5. Exxon Valdez to Deepwater Horizon: comparable toxicity of both crude oils to fish early life stages.

    Science.gov (United States)

    Incardona, John P; Swarts, Tanya L; Edmunds, Richard C; Linbo, Tiffany L; Aquilina-Beck, Allisan; Sloan, Catherine A; Gardner, Luke D; Block, Barbara A; Scholz, Nathaniel L

    2013-10-15

    The 2010 Deepwater Horizon disaster in the Gulf of Mexico was the largest oil spill in United States history. Crude oils are highly toxic to developing fish embryos, and many pelagic fish species were spawning in the northern Gulf in the months before containment of the damaged Mississippi Canyon 252 (MC252) wellhead (April-July). The largest prior U.S. spill was the 1989 grounding of the Exxon Valdez that released 11 million gallons of Alaska North Slope crude oil (ANSCO) into Prince William Sound. Numerous studies in the aftermath of the Exxon Valdez spill defined a conventional crude oil injury phenotype in fish early life stages, mediated primarily by toxicity to the developing heart. To determine whether this type of injury extends to fishes exposed to crude oil from the Deepwater Horizon - MC252 incident, we used zebrafish to compare the embryotoxicity of ANSCO alongside unweathered and weathered MC252 oil. We also developed a standardized protocol for generating dispersed oil water-accommodated fractions containing microdroplets of crude oil in the size range of those detected in subsurface plumes in the Gulf. We show here that MC252 oil and ANSCO cause similar cardiotoxicity and photo-induced toxicity in zebrafish embryos. Morphological defects and patterns of cytochrome P450 induction were largely indistinguishable and generally correlated with polycyclic aromatic compound (PAC) composition of each oil type. Analyses of embryos exposed during different developmental windows provided additional insight into mechanisms of crude oil cardiotoxicity. These findings indicate that the impacts of MC252 crude oil on fish embryos and larvae are consistent with the canonical ANSCO cardiac injury phenotype. For those marine fish species that spawned in the northern Gulf of Mexico during and after the Deepwater Horizon incident, the established literature can therefore inform the assessment of natural resource injury in the form of potential year-class losses

  6. A model approach to vanadium involvement in crude oil refining

    Energy Technology Data Exchange (ETDEWEB)

    Christou, G.

    1992-01-01

    We continue to address the general question of what happens to crude oil vanadyl impurities under the reducing and sulfur-rich conditions present during industrial hydroprocessing conditions. Additional studies have been carried out in (V-O-V){sup 4+} chemistry, the latter appearing to be a frequently-encountered and stable initial product of VO{sup 2+} reduction. The characterization of the new complex V{sub 2}O(bpy){sub 2}Cl{sub 2} (bpy=bipyridine) by crystallography, spectroscopy and MO calculations has been accomplished. After initial reduction and deoxygenation of VO{sup 2+} species, sulfiding must occur since the final products during industrial processing are V{sub 2}S{sub 3} and V{sub 3}S{sub 4} polymers. We have therefore continued our detailed investigations into V/S chemistry. A remarkable product VO(S{sub 2}){sub 2}(bpy) has resulted from a reaction between VOCl{sub 4}{sup 2{minus}}, Li{sub 2}S and bpy. The molecule retains a vanadyl unit (albeit now V{sup 5+}) but contains two persulfide (S{sub 2}{sup 2{minus}}) ligands.

  7. Trace metals in heavy crude oils and tar sand bitumens

    Energy Technology Data Exchange (ETDEWEB)

    Reynolds, J.G.

    1990-11-28

    Fe, Ni, and V are considered trace impurities in heavy crude oils and tar sand bitumens. In order to understand the importance of these metals, we have examined several properties: (1) bulk metals levels, (2) distribution in separated fractions, (3) size behavior in feeds and during processing, (4) speciation as a function of size, and (5) correlations with rheological properties. Some of the results of these studies show: (1) V and Ni have roughly bimodal size distributions, (2) groupings were seen based on location, size distribution, and Ni/V ratio of the sample, (3) Fe profiles are distinctively different, having a unimodal distribution with a maximum at relatively large molecular size, (4) Fe concentrations in the tar sand bitumens suggest possible fines solubilization in some cases, (5) SARA separated fractions show possible correlations of metals with asphaltene properties suggesting secondary and tertiary structure interactions, and (6) ICP-MS examination for soluble ultra-trace metal impurities show the possibility of unexpected elements such as U, Th, Mo, and others at concentrations in the ppB to ppM range. 39 refs., 13 figs., 5 tabs.

  8. Biodegradation of crude oil saturated fraction supported on clays.

    Science.gov (United States)

    Ugochukwu, Uzochukwu C; Jones, Martin D; Head, Ian M; Manning, David A C; Fialips, Claire I

    2014-02-01

    The role of clay minerals in crude oil saturated hydrocarbon removal during biodegradation was investigated in aqueous clay/saturated hydrocarbon microcosm experiments with a hydrocarbon degrading microorganism community. The clay minerals used for this study were montmorillonite, palygorskite, saponite and kaolinite. The clay mineral samples were treated with hydrochloric acid and didecyldimethylammonium bromide to produce acid activated- and organoclays respectively which were used in this study. The production of organoclay was restricted to only montmorillonite and saponite because of their relative high CEC. The study indicated that acid activated clays, organoclays and unmodified kaolinite, were inhibitory to biodegradation of the hydrocarbon saturates. Unmodified saponite was neutral to biodegradation of the hydrocarbon saturates. However, unmodified palygorskite and montmorillonite were stimulatory to biodegradation of the hydrocarbon saturated fraction and appears to do so as a result of the clays' ability to provide high surface area for the accumulation of microbes and nutrients such that the nutrients were within the 'vicinity' of the microbes. Adsorption of the saturated hydrocarbons was not significant during biodegradation.

  9. Crude oil impairs immune function and increases susceptibility to pathogenic bacteria in southern flounder

    OpenAIRE

    Bayha, Keith M.; Ortell, Natalie; Ryan, Caitlin N.; Griffitt, Kimberly J.; Krasnec, Michelle; Sena, Johnny; Ramaraj, Thiruvarangan; Takeshita, Ryan; Gregory D Mayer; Schilkey, Faye; Griffitt, Robert J.

    2017-01-01

    Exposure to crude oil or its individual constituents can have detrimental impacts on fish species, including impairment of the immune response. Increased observations of skin lesions in northern Gulf of Mexico fish during the 2010 Deepwater Horizon oil spill indicated the possibility of oil-induced immunocompromisation resulting in bacterial or viral infection. This study used a full factorial design of oil exposure and bacterial challenge to examine how oil exposure impairs southern flounder...

  10. How has dematerialization contributed to reducing oil price pressure?: a qualitative input-output analysis for the Japanese economy during 1990-2000.

    Science.gov (United States)

    Kagawa, Shigemi; Oshita, Yuko; Nansai, Keisuke; Suh, Sangwon

    2009-01-15

    The evolution of crude oil use structure and its impacts on commodity prices are examined for Japanese economy between 1990 and 2000. We found that the out-degree of the production network, indicating the extent of the pressure on prices of downstream industries in response to higher crude oil prices, decreased in several sectors between 1990 and 2000. The results by sector showed that the decrease was greatest in the chemical product- and iron and steel manufacturing sectors, which both indirectly use crude oil. The decrease in out-degree is considered to have been caused by improved efficiency in the production of oil-related products and increase in energy savings by the manufacturing facilities in these sectors. In addition, many of the sectors having a high out-degree engage in intermediate product production. Conversely, the in-degree, which represents the extent of being pressured by other sectors with increased crude oil prices, also decreased during the period between 1990 and 2000. From the result of the in-degree, this study found that dematerialization and weight reduction of final products such as "cellular phones" and "personal computers" had a marked effect on decreasing in-degree. More importantly, for the top-ranked sectors with the high out-degree and in-degree, such as "aliphatic intermediates", "chemical fertilizers", "plastic products", "hot rolled steel", "yarn and fabric dyeing and finishing", the results suggest that the pressure due to rising crude oil prices can be more effectively eased by implementing measures targeted at upstream products and sectors, while current policy measures to alleviate oil-price induced inflation are mainly targeted at downstream products such as gasoline.

  11. Crude oil degradation efficiency of a recombinant Acinetobacter baumannii strain and its survival in crude oil-contaminated soil microcosm.

    Science.gov (United States)

    Mishra, Sanjeet; Sarma, Priyangshu M; Lal, Banwari

    2004-06-15

    A hydrocarbon degrading Acinetobacter baumannii S30 strain, isolated from crude oil-contaminated soil, was inserted with the lux gene from the luciferase gene cassette luxCDABE. Soil microcosms were designed to study the degradation efficacy for total petroleum hydrocarbon (TPH) of crude oil by lux-tagged A. baumannii S30 pJES. Bioaugmentation of a TPH-contaminated microcosm with A baumannii S30 pJES showed that TPH levels were reduced from 89.3 to 53.9 g/kg soil in 90 days. Biodegradation of TPH by A baumannii S30 pJES was also monitored in shake flask conditions, which showed a reduction of initial TPH levels by over 50% at the end of 120 h. A lux-PCR-based approach along with the standard dilution plating with selective antibiotics was successfully utilized to monitor the survivability of the lux-tagged strain A. baumannii S30 pJES in soil microcosms and stability of the lux insert in the host strain A. baumannii S30. The selective plating technique indicated the population of A. baumannii S30 pJES to be 6.5+/-0.13 x 10(8) CFU/g at day zero (just after bioaugmentation) and 2.09+/-0.08 x 10(8) CFU/g of soil after 90 days of incubation. lux-PCR confirmed the stability of the insert in all the randomly selected colonies of A. baumannii strains from the antibiotic plates. The lux insert was stable after 50 generations in Luria Bertini broth and storage at -70 degrees C as glycerol stocks for over a year. These results revealed that the lux insert was stable and lux-tagged A. baumannii S30 strain could survive in a TPH-contaminated soil microcosm and could degrade TPH in the soil microcosm conditions. It can be used as an effective marker to monitor the survival of augmented strains at a bioremediation site.

  12. Chemical and Molecular Characterization of Crude Oil Obtained by Olive-Pomace Recentrifugation

    Directory of Open Access Journals (Sweden)

    Antonella Pasqualone

    2016-01-01

    Full Text Available In oil-mills, olive-pomace recentrifugation is a common way to reduce pomace moisture and, at the same time, to recover the oil therein. According to current rules, the obtained oil is defined as “crude olive-pomace oil.” The aim of this work is to verify the effect of recentrifugation on specific chemical and molecular parameters of the crude olive-pomace oil, by comparing it with the corresponding virgin olive oil obtained from the same olive lots. In particular, the following were considered: (i the polar compounds of the oils that include compounds originated from oxidative and hydrolytic degradation, analyzed by high-performance size exclusion chromatography (HPSEC, and (ii the profile of DNA microsatellite molecular markers that was analyzed by using the High Resolution Melting (HRM technique. The obtained results evidenced the significantly higher hydrolytic degradation of crude olive-pomace oil, compared with the corresponding virgin olive oil, but at an extent unlikely able to allow the detection of fraudulent admixtures with virgin olive oils. In addition, the findings demonstrated the feasibility of the application of the HRM analysis of DNA microsatellites to crude olive-pomace oil, able to reveal the alteration of the declared varietal profile of a virgin olive oil sample by simply checking the HRM curve profiles.

  13. Volatile oxidation products formed in crude herring oil under accelerated oxidative conditions

    NARCIS (Netherlands)

    Aidos, I.; Jacobsen, C.; Jensen, B.; Luten, J.B.; Padt, van der A.; Boom, R.M.

    2002-01-01

    Crude fish oil produced from herring byproducts was evaluated on its oxidative stability by a number of complementary methods. The oil was placed in a closed vessel, exposed to pure oxygen, and kept at 50 °C for up to 53 h. Six volatile compounds contributing to off-flavor in the oil were followed

  14. economic effects of crude oil spillages on crop farms in rivers state ...

    African Journals Online (AJOL)

    BARTH EKWUEME

    2010-06-08

    Jun 8, 2010 ... KEYWORDS: Crude oil spillages; environmental impact; economic losses on crop farmers; Rivers State; Nigeria. 1.0. INTRODUCTION ... assessment of mineral oil contamination and its effects. (Seitinger, et al., 1994). An oil spill can .... the soil, and destroys wildlife and the breeding ground for marine fishes ...

  15. Importance of the slick thickness for effective in-situ burning of crude oil

    DEFF Research Database (Denmark)

    van Gelderen, Laurens; Brogaard, Nicholas L.; Sørensen, Martin X.

    2015-01-01

    height. The experiments were performed in a new experimental apparatus, the Crude Oil Flammability Apparatus (COFA), which has been developed to study ISB of oil on water in a controlled laboratory environment with large water-to-oil ratios. The regression rate, average mass loss rate and burning...

  16. A Microfluidic Method to Assess Emulsion Stability in Crude-Oil/Water Separators

    NARCIS (Netherlands)

    Krebs, T.; Schroën, C.G.P.H.; Boom, R.M.

    2011-01-01

    The control of emulsion stability and droplet size is of crucial importance for oil production, especially for the processes of crude/oil water separation and cleanup of produced water. To recover pure oil and water, coalescence between droplets needs to take place, the extent of which will depend

  17. EPR and Fluorescence Spectroscopy in the Photodegradation Study of Arabian and Colombian Crude Oils

    Directory of Open Access Journals (Sweden)

    Carmen L. B. Guedes

    2006-01-01

    W/m2. The reduction in the linewidth of the free radical of 9.8% in Arabian oil and 18.5% in Colombian oil, as well as the decrease in radical numbers, indicated photochemical degradation, especially in Colombian oil. The linewidth narrowing corresponding to free radicals in the irradiated oils occurred due to the rearrangement among radicals and aromatic carbon consumption. The irradiated oils showed a reduction in the relative intensity of fluorescence of the aromatics with high molecular mass, polar aromatics, and asphaltene. The fluorescent fraction was reduced by 61% in Arabian oil and 72% in Colombian oil, corresponding to photochemical degradation of crude oil aromatic compounds.

  18. Hedging effectiveness and volatility models for crude oil market: a dynamic approach; Modelos de volatilidade e a efetividade do hedge no mercado de petroleo: um abordagem dinamica

    Energy Technology Data Exchange (ETDEWEB)

    Salles, Andre Assis de [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil)

    2012-07-01

    The hedge strategies allow negotiators that have short and long positions in the market protection against price fluctuations. This paper examines the performance of bivariate volatility models for the crude oil spot and future returns of the Western Texas Intermediate - WTI type barrel prices. Besides the volatility of spot and future crude oil barrel returns time series, the hedge ratio strategy is examined through the hedge effectiveness. Thus this study shows hedge strategies built using methodologies applied in the variance modeling of returns of crude oil prices in the spot and future markets, and covariance between these two market returns, which correspond to the inputs of the hedge strategy shown in this work. From the studied models the bivariate GARCH in a Diagonal VECH and BEKK representations was chosen, using three different models for the mean: a bivariate autoregressive, a vector autoregressive and a vector error correction. The methodologies used here take into consideration the denial of assumptions of homoscedasticity and normality for the return distributions. The data used is logarithm returns of daily prices quoted in dollars per barrel from November 2008 to May 2010 for spot and future contracts, in particular the June contract. (author)

  19. Three Papers on the Political Consequences of Oil Prices

    Science.gov (United States)

    Crespo Tenorio, Adriana

    Given the importance of oil in any country's energy needs, it should not be surprising that the increasing volatility of oil prices in the past decades is a challenge for most political systems. While the political and economic impact of natural resource wealth in general is strongly debated, the political consequences of these sudden shifts have gone understudied. This dissertation examines the relationship between politics and oil from a new perspective. First, I implement a Bayesian meta-regression model to assess the state of research on the natural resource curse, finding that the measurement of resources is one of the most important sources of the debate. In the second part of the dissertation, I turn to discussing the impact of fuel prices on politics. I argue that at the domestic level, rational leaders feel pressured to compensate for oil price shocks because they are held accountable for these shifts by their constituents. This hypothesis is tested using Bayesian multilevel models that allow state and time-varying information to be matched to individual survey responses for a sample of voters in nine American states between 2008 and 2009. This chapter shows that fuel prices are related to appraisals of the economy only during electoral periods. The results also provide evidence that the degree to which voters use fuel prices to evaluate the president's performance varies greatly across party lines. At the global level, I posit in the final chapter that cross-country cooperation in other issue areas is pursued to mitigate the economic impact of oil price volatility. By developing a Bayesian bivariate Poisson change-point model and implementing it using MCMC methods, I find that fuel price shifts are related to increased trade networks, especially for oil-exporting countries.

  20. Hydrothermal Liquefaction Biocrude Compositions Compared to Petroleum Crude and Shale Oil

    Energy Technology Data Exchange (ETDEWEB)

    Jarvis, Jacqueline M.; Billing, Justin M.; Hallen, Richard T.; Schmidt, Andrew J.; Schaub, Tanner M.

    2017-02-17

    We provide a direct and detailed comparison of the chemical composition of petroleum crude oil (from the Gulf of Mexico), shale oil, and three biocrudes (i.e., clean pine, microalgae Chlorella sp., and sewage sludge feedstocks) generated by hydrothermal liquefaction (HTL). Ultrahigh resolution Fourier transform ion cyclotron resonance mass spectrometry (FT-ICR MS) reveals that HTL biocrudes are compositionally more similar to shale oil than petroleum crude oil and that only a few heteroatom classes (e.g., N1, N2, N1O1, and O1) are common to organic sediment- and biomass-derived oils. All HTL biocrudes contain a diverse range of oxygen-containing compounds when compared to either petroleum crude or shale oil. Overall, petroleum crude and shale oil are compositionally dissimilar to HTL oils, and >85% of the elemental compositions identified within the positive-ion electrospray (ESI) mass spectra of the HTL biocrudes were not present in either the petroleum crude or shale oil (>43% for negative-ion ESI). Direct comparison of the heteroatom classes that are common to both organic sedimentand biomass-derived oils shows that HTL biocrudes generally contain species with both smaller core structures and a lower degree of alkylation relative to either the petroleum crude or the shale oil. Three-dimensional plots of carbon number versus molecular double bond equivalents (with observed abundance as the third dimension) for abundant molecular classes reveal the specific relationship of the composition of HTL biocrudes to petroleum and shale oils to inform the possible incorporation of these oils into refinery operations as a partial amendment to conventional petroleum feeds.

  1. Unexpected interaction with dispersed crude oil droplets drives severe toxicity in Atlantic haddock embryos.

    Directory of Open Access Journals (Sweden)

    Elin Sørhus

    Full Text Available The toxicity resulting from exposure to oil droplets in marine fish embryos and larvae is still subject for debate. The most detailed studies have investigated the effects of water-dissolved components of crude oil in water accommodated fractions (WAFs that lack bulk oil droplets. Although exposure to dissolved petroleum compounds alone is sufficient to cause the characteristic developmental toxicity of crude oil, few studies have addressed whether physical interaction with oil micro-droplets are a relevant exposure pathway for open water marine speices. Here we used controlled delivery of mechanically dispersed crude oil to expose pelagic embryos and larvae of a marine teleost, the Atlantic haddock (Melanogrammus aeglefinus. Haddock embryos were exposed continuously to two different concentrations of dispersed crude oil, high and low, or in pulses. By 24 hours of exposure, micro-droplets of oil were observed adhering and accumulating on the chorion, accompanied by highly elevated levels of cyp1a, a biomarker for exposure to aromatic hydrocarbons. Embryos from all treatment groups showed abnormalities representative of crude oil cardiotoxicity at hatch (5 days of exposure, such as pericardial and yolk sac edema. Compared to other species, the frequency and severity of toxic effects was higher than expected for the waterborne PAH concentrations (e.g., 100% of larvae had edema at the low treatment. These findings suggest an enhanced tissue uptake of PAHs and/or other petroleum compounds from attached oil droplets. These studies highlight a novel property of haddock embryos that leads to greater than expected impact from dispersed crude oil. Given the very limited number of marine species tested in similar exposures, the likelihood of other species with similar properties could be high. This unanticipated result therefore has implications for assessing the ecological impacts of oil spills and the use of methods for dispersing oil in the open sea.

  2. Unexpected interaction with dispersed crude oil droplets drives severe toxicity in Atlantic haddock embryos.

    Science.gov (United States)

    Sørhus, Elin; Edvardsen, Rolf B; Karlsen, Ørjan; Nordtug, Trond; van der Meeren, Terje; Thorsen, Anders; Harman, Christopher; Jentoft, Sissel; Meier, Sonnich

    2015-01-01

    The toxicity resulting from exposure to oil droplets in marine fish embryos and larvae is still subject for debate. The most detailed studies have investigated the effects of water-dissolved components of crude oil in water accommodated fractions (WAFs) that lack bulk oil droplets. Although exposure to dissolved petroleum compounds alone is sufficient to cause the characteristic developmental toxicity of crude oil, few studies have addressed whether physical interaction with oil micro-droplets are a relevant exposure pathway for open water marine speices. Here we used controlled delivery of mechanically dispersed crude oil to expose pelagic embryos and larvae of a marine teleost, the Atlantic haddock (Melanogrammus aeglefinus). Haddock embryos were exposed continuously to two different concentrations of dispersed crude oil, high and low, or in pulses. By 24 hours of exposure, micro-droplets of oil were observed adhering and accumulating on the chorion, accompanied by highly elevated levels of cyp1a, a biomarker for exposure to aromatic hydrocarbons. Embryos from all treatment groups showed abnormalities representative of crude oil cardiotoxicity at hatch (5 days of exposure), such as pericardial and yolk sac edema. Compared to other species, the frequency and severity of toxic effects was higher than expected for the waterborne PAH concentrations (e.g., 100% of larvae had edema at the low treatment). These findings suggest an enhanced tissue uptake of PAHs and/or other petroleum compounds from attached oil droplets. These studies highlight a novel property of haddock embryos that leads to greater than expected impact from dispersed crude oil. Given the very limited number of marine species tested in similar exposures, the likelihood of other species with similar properties could be high. This unanticipated result therefore has implications for assessing the ecological impacts of oil spills and the use of methods for dispersing oil in the open sea.

  3. Multifractal cross-correlations between crude oil and tanker freight rate

    Science.gov (United States)

    Chen, Feier; Miao, Yuqi; Tian, Kang; Ding, Xiaoxu; Li, Tingyi

    2017-05-01

    Analysis of crude oil price and tanker freight rate volatility attract more attention as the mechanism is not only the basis of industrialization but also a vital role in economics, especially after the year 2008 when financial crisis notably blew the maritime transportation. In this paper, we studied the cross-correlations between the West Texas International crude oil (WTI) and Baltic Exchange Dirty Tanker Index (BDTI) employing the Multifractal Detrended Cross-Correlation Analysis (MF-DCCA). Empirical results show that the degree of short-term cross-correlation is higher than that in the long term and that the strength of multifractality after financial crisis is larger than that before. Moreover, the components of multifractal spectrum are quantified with the finite-size effect taken into consideration and an improved method in terms of constructing the surrogated time series provided. Numerical results show that the multifractality is generated mostly from the nonlinear and the fat-tailed probability distribution (PDF) part. Also, it is apparent that the PDF part changes a lot after the financial crisis. The research is contributory to risk management by providing various instructions for participants in shipping markets. Our main contribution is that we investigated both the multifractal features and the origin of multifractality and provided confirming evidence of multifractality through numerical results while applying quantitative analysis based on MF-DCCA; furthermore, the research is contributory to risk management since it provides instructions in both economic market and stock market simultaneously. However, constructing the surrogated series in order to obtain consistence seems less convincing which requires further discussion and attempts.

  4. Crude oil as a stranding cause among loggerhead sea turtles (Caretta caretta) in the Canary Islands, Spain (1998-2011).

    Science.gov (United States)

    Camacho, María; Calabuig, Pascual; Luzardo, Octavio P; Boada, Luis D; Zumbado, Manuel; Orós, Jorge

    2013-07-01

    We report the number of strandings caused by crude oil among loggerhead turtles (Caretta caretta) in the Canary Islands between 1998 and 2011 and analyze the impact of the designation of the Canary Islands as a Particularly Sensitive Sea Area (PSSA) in 2005. Among 1,679 stranded loggerhead turtles, 52 turtles stranded due to crude oil (3.1%). The survival rate of the turtles stranded by crude oil was 88%. All turtles that died because of crude oil stranding had signs of ingestion of crude oil and lesions, included esophageal impaction, necrotizing gastroenteritis, necrotizing hepatitis, and tubulonephrosis. The number of strandings caused by crude oil after 2005 was significantly lower than it was before 2006. We show that the designation of the Canary Islands as a PSSA in 2005 by the International Maritime Organization was associated with a reduction of sea turtle strandings caused by crude oil.

  5. Fuzzy logic controller for crude oil levels at Escravos Tank Farm ...

    African Journals Online (AJOL)

    Fuzzy logic controller (FLC) for crude oil flow rates and tank levels was designed for monitoring flow and tank level management at Escravos Tank Farm in Nigeria. The fuzzy control system incorporated essence of expert knowledge required to handle the tasks. Proportional Integral Derivative (PID) control of crude flow ...

  6. A Rapid Method of Crude Oil Analysis Using FT-IR Spectroscopy

    African Journals Online (AJOL)

    HP USER

    (1997). FT-IR characterization of pitches derived from Avgamasya asphaltite and Raman-Dincer heavy crude, Fuel, 76: 1389-1394. Aske, N. (2002). Characterisation of crude oil components, asphaltene aggregation and emulsion stability by means of near infrared spectroscopy and multivariate analysis. Thesis submitted to ...

  7. Wettability alteration of sandstones by silica nanoparticle dispersions in light and heavy crude oil

    Science.gov (United States)

    Huibers, Britta M. J.; Pales, Ashley R.; Bai, Lingyun; Li, Chunyan; Mu, Linlin; Ladner, David; Daigle, Hugh; Darnault, Christophe J. G.

    2017-09-01

    Unlike conventional oil production methods, enhanced oil recovery (EOR) processes can recover most oil products from the reservoir. One method, known as wettability alteration, changes the hydrophilicity of the reservoir rock via decreased surface interactions with crude oils. The mitigation of these attractive forces enhances petroleum extraction and increases the accessibility of previously inaccessible rock deposits. In this work, silica nanoparticles (NPs) have been used to alter the wettability of two sandstone surfaces, Berea and Boise. Changes in wettability were assessed by measuring the contact angle and interfacial tension of different systems. The silica NPs were suspended in brine and a combined solution of brine and the Tween®20 nonionic surfactant at concentrations of 0, 0.001, and 0.01 wt% NP with both light and heavy crude oil. The stability of the different nanofluids was characterized by the size, zeta potential, and sedimentation of the particles in suspension. Unlike the NPs, the surfactant had a greater effect on the interfacial tension by influencing the liquid-liquid interactions. The introduction of the surfactant decreased the interfacial tension by 57 and 43% for light and heavy crude oil samples, respectively. Imaging and measurements of the contact angle were used to assess the surface-liquid interactions and to characterize the wettability of the different systems. The images reflect that the contact angle increased with the addition of NPs for both sandstone and oil types. The contact angle in the light crude oil sample was most affected by the addition of 0.001 wt% NP, which altered both sandstones' wettability. Increases in contact angle approached 101.6% between 0 and 0.001 wt% NPs with light oil on the Berea sandstone. The contact angle however remained relatively unaffected by addition of higher NP concentrations, thus indicating that low NP concentrations can effectively be used for enhancing crude oil recovery. While the

  8. Transient Cooling of Waxy Crude Oil in a Floating Roof Tank

    National Research Council Canada - National Science Library

    Jian Zhao; Yang Liu; LiXin Wei; Hang Dong

    2014-01-01

      The transient cooling of waxy crude oil stored in a floating roof tank located in alpine region is studied by means of numerical simulation, accomplished with a two-dimensional model in cylindrical...

  9. Effects of bonny light crude oil on anti-oxidative enzymes and total ...

    African Journals Online (AJOL)

    Effects of bonny light crude oil on anti-oxidative enzymes and total proteins in Wistar rats. Christian E Odo, Okwesili FC Nwodo, Parker E Joshua, Chibuike S Ubani, Okon E Etim, Okechukwu PC Ugwu ...

  10. Formulation of best-fit hydrophile/lipophile balance-dielectric permittivity demulsifiers for treatment of crude oil emulsions

    Directory of Open Access Journals (Sweden)

    C.M. Ojinnaka

    2016-12-01

    Full Text Available The commerce of crude oil depends heavily on its water and salt contents usually referred to as Basic Sediments and Water (BS&W, which is co-produced with the crude oil in the form of emulsion. The lower the BS&W, the higher the market value of the crude. The presence of water in crude oil causes corrosion, lowers capacity utilization of production and processing plant parts and pipelines, reduces oil recovery and increases the oil content of the effluent water. The stabilizing factors of crude oil emulsions vary from one oil field to the other and with time in the same well as co-produced water increases, or after a well treatment and Enhanced Oil Recovery Operations (EOR. Periodical assessment and possible change of demulsifiers employed is therefore necessary at certain stages of crude oil productions, but this is not encouraged due to lack of general formulation procedures and the rigorous nature of bottle test method that is currently being used for assessment and selection. In this paper, the factors that affect the stability of crude oil emulsions are presented. Efforts of researchers in formulating demulsifiers based on these factors and their screening methods were reviewed. The context sets the stage for further exploration of possible relationship(s between the physical parameters of the crude oil and the demulsifiers, and exploiting same in the formulation of new demulsifiers capable of resolving crude oil emulsions using chemicals with improved surface activity and crude extracts of indigenous plants.

  11. Forward curves, scarcity and price volatility in oil and natural gas markets

    Energy Technology Data Exchange (ETDEWEB)

    Geman, Helyette [Birkbeck, University of London (United Kingdom); ESCP-EAP (France); Ohana, Steve [ESCP-EAP (France)

    2009-07-15

    The role of inventory in explaining the shape of the forward curve and spot price volatility in commodity markets is central in the theory of storage developed by Kaldor [Kaldor, N. (1939) ''Speculation and Economic Stability'', The Review of Economic Studies 7, 1-27] and Working [Working, H. (1949) ''The theory of the price of storage'', American Economic Review, 39, 1254-1262] and has since been documented in a vast body of financial literature, including the reference paper by Fama and French [Fama, E.F. and K.R. French (1987) ''Commodity futures prices: some evidence on forecast power, premiums and the theory of storage'', Journal of Business 60, 55-73] on metals. The goal of this paper is twofold: 1. validate in the case of oil and natural gas the use of the slope of the forward curve as a proxy for inventory (the slope being defined in a way that filters out seasonality); 2. analyze directly for these two major commodities the relationship between inventory and price volatility. In agreement with the theory of storage, we find that: 1. the negative correlation between price volatility and inventory is globally significant for crude oil; 2. this negative correlation prevails only during those periods of scarcity when the inventory is below the historical average and increases importantly during the winter periods for natural gas. Our results are illustrated by the analysis of a 15 year-database of US oil and natural gas prices and inventory. (author)

  12. Paraffinic sludge reduction in crude oil storage tanks through the use of shearing and resuspension

    OpenAIRE

    Dundr Zdenek; Heath Greg M.; Heath Robert A.

    2004-01-01

    This paper presents a method of cleaning paraffinic crude oil sludge from storage tanks by shearing and resuspension using an in-line jet mixer. An explanation is presented of why sludge deposition occurs in storage tanks that contain paraffinic crude oil. Conventional methods of tank cleaning are discussed. A theory regarding the behaviour of a submerged fluid jet is presented and the concept of critical energy minimum is established.This paper presents a method used to successfully clean a ...

  13. A Diverse Soil Microbiome Degrades More Crude Oil than Specialized Bacterial Assemblages Obtained in Culture

    OpenAIRE

    Bell, Terrence H.; Stefani, Franck O. P.; Abram, Katrina; Champagne, Julie; Yergeau, Etienne; Hijri, Mohamed; St-Arnaud, Marc

    2016-01-01

    Soil microbiome modification may alter system function, which may enhance processes like bioremediation. In this study, we filled microcosms with gamma-irradiated soil that was reinoculated with the initial soil or cultivated bacterial subsets obtained on regular media (REG-M) or media containing crude oil (CO-M). We allowed 8 weeks for microbiome stabilization, added crude oil and monoammonium phosphate, incubated the microcosms for another 6 weeks, and then measured the biodegradation of cr...

  14. STUDY OF THE THERMAL CRACKING DURING THE VACUUM DISTILLATION OF ATMOSPHERIC RESIDUE OF CRUDE OIL

    OpenAIRE

    JAOUAD ELAYANE; RAHMA BCHITOU; JAOUAD ELAYANE

    2017-01-01

    This article concerns the study of the thermal cracking as undesirable phenomenon in the vacuum distillation of atmospheric residue of crude oil. In this point, we have sought to identify and characterize the effect of the increase in the temperature of vacuum distillation on the separation and the modification of the constituents of atmospheric residue of crude oil whose origin is Arabian Light. This study has been carried out by several techniques of analysis such as the density (ASTM D4052...

  15. Vaporization order and burning efficiency of crude oils during in-situ burning on water

    DEFF Research Database (Denmark)

    van Gelderen, Laurens; Malmquist, Linus M.V.; Jomaas, Grunde

    2017-01-01

    In order to improve the understanding of the burning efficiency and its observed size dependency of in-situ burning of crude oil on water, the vaporization order of the components in crude oils was studied. The vaporization order of such multicomponent fuels was assessed by studying the surface...... scale fires can overcome these heat losses, as they typically have higher burning rates, which increase the heat feedback to the fuel surface and therefore can result in the higher burning efficiencies....

  16. The effect of crude oil on growth of the weed (Paspalum ...

    African Journals Online (AJOL)

    The use of grasses for phytoremediation of crude oil polluted soils especially in the tropics is a new area of study with a lot of potentials. The effect of different levels (0.00, 2.50, 5.00, 7.50, 10.00, 12.50 and 15.00%) of crude oil contamination on the growth of Paspalum scrobiculatum, a common weed in Nigeria was ...

  17. Oil Price Rise and the Great Recession of 2008

    Directory of Open Access Journals (Sweden)

    Mehdi Siamak MONADJEMI

    2017-02-01

    Full Text Available The financial crises of 2007-2008, caused wide-spread falling output and unemployment, in the affected countries and also globally. The severity of the recession was such that it was called the “Great Recession”. As a result of an increase in demand from China and India, at the same time, oil prices rose significantly. The empirical results from this study show that oil price changes negatively affected global growth rate in the 1970s but not in the 1990s and 2000s. These results suggest that the Great Recession in 2008 that initiated by the financial crises, was independent of a significant rise in oil prices.

  18. Effect of electric field on the characteristics of crude avocado oil and virgin olive.

    Science.gov (United States)

    Ariza-Ortega, José Alberto; Del Socorro Cruz-Cansino, Nelly; Ramírez-Moreno, Esther; Ramos-Cassellis, María Elena; Castañeda-Antonio, Dolores; Betanzos-Cabrera, Gabriel

    2017-06-01

    The objective of this study was to analyze the effect of an electric field treatment (voltage 9 kV cm(-1), frequency 720 Hz and time of 5 and 25 min) as method of preservation on two edible oils. Unsaturated fatty acid oxidation in the crude avocado oil and virgin olive oil was analyzed by Fourier transform infrared spectroscopy in the mid infrared region and by quality parameters (acidity, peroxide and iodine). The electric field is a suitable method to preserve the crude oils composition with minimal modifications without the synthetic antioxidant addition.

  19. Characterization of crude and purified pumpkin seed oil.

    Directory of Open Access Journals (Sweden)

    Tsaknis, John

    1997-10-01

    Full Text Available Oil from hulled pumpkin seeds (Cucurbita pepo and Cucurbita Maxima was extracted with hot petroleum ether, and then it was degummed, neutralized and bleached, consecutively Physical and chemical characteristics of crude and purified oils were determined. Density, refractive index, viscosity and peroxide value were not affected by purification, while decreases in acidity, colour, unsaponifiable, E1%1cm 232, and oxidative stability, and increases in smoke point and E1%1cm 270 were observed. Purification did not affect the fatty acid and sterol profiles. GLC analysis for the fatty acid composition of the seed oil showed that the predominant unsaturates were linoleic (42% and oleic (38%, while the major saturates were palmitic (12,7% and stearic (6%. Only α-tocopherol was detected at a level of 126 mg/kg, which reduced to 78 mg/kg after purification. The main sterols of pumpkin seed oil unsaponifiable were Δ7.22,25 -stigmastatrien-3β-ol, α-spinasterol, Δ7,25_stigmastadienol and Δ7-avenasterol, followed by stigmasterol, 24-methylcholest-7-enol and Δ7-stigmastenol, and also trace to minor amounts of cholesterol, brassicasterol, campesterol, sitostanol, Δ5-avenasterol, erythrodiol and uvaol were found.

    Aceite de semillas de calabaza descascarada (Cucurbita pepo YCucurbita maxima fue extraído con éter de petróleo caliente, y luego desgomado, neutralizado y decolorado consecutivamente. Las características físicas y químicas de aceites crudo y purificado fueron determinadas. La densidad, el índice de refracción, la viscosidad y el índice de peróxido no se afectaron por la purificación, mientras que se observó una disminución en la acidez, color, insaponificable, E1%1cm 232, y estabilidad oxidativa, y un aumento en el punto de humo y de E1%1cm270. La purificaci

  20. Genotoxic and morphological damage in Hippocampus reidi exposed to crude oil.

    Science.gov (United States)

    Cariello Delunardo, Frederico Augusto; Ferreira da Silva, Bruno; Paulino, Marcelo Gustavo; Narciso Fernandes, Marisa; Chippari-Gomes, Adriana Regina

    2013-01-01

    The present article investigates the responses of Hippocampus reidi exposed to crude oil (10mL/L) for time periods that are characteristic of acute (12, 24, 48 and 96h) and subchronic (168 and 336h) and its recovery at 168h, such as to assess H. reidi as a good sentinel species. These responses were examined by genotoxic and morphologic analyses. There was a control group (n=8) for each group exposed to crude oil (n=8). The results revealed the occurrence of genotoxic damage in erythrocytes of all specimens exposed to crude oil. The damage index (DI) observed for all exposure times were significantly higher compared to those of the respective control groups; the highest DI was observed in specimens exposed to crude oil for 168h. The group exposed to crude oil for 96h had the highest values of micronuclei than all other exposure times. Microscopic inspection of the H. reidi gills revealed the presence of several histopathological changes, all of which were minor severity (structural normal gills). The recovery experiment revealed a significant reduction in genotoxic damages, however the period of 168h was not sufficient to recuperate the histopathology damages. The Seahorse has presented significant genotoxic responses after exposure to crude oil. Furthermore, it is a sedentary fish and is widely distributed; in conclusion this specie can be considered an excellent sentinel organism. Copyright © 2012 Elsevier Inc. All rights reserved.

  1. Estimation of the size of asphaltene aggregates produced by shear of crude oil

    Energy Technology Data Exchange (ETDEWEB)

    Gmachowski, L.; Paczuski, M. [Warsaw Univ. of Technology, Plock (Poland). Inst. of Chemistry

    2008-07-01

    This study investigated asphaltene aggregation in Russian Export Blend Crude Oil (REBCO) using a Couette device over a range of shear rates similar to that in pipelines transporting the crude oil. After each experiment an amount of n-heptane was added to a crude oil sample. A turbidimeter was used to observe the sedimentation behaviour of the obtained suspension. The behaviour was found to be highly dependent on the concentration of the crude oil in the mixture. The fractal dimension was determined upon analyzing the sedimentation velocity of asphaltene aggregates. The mutual dependence between the sedimentation velocity and the turbidity for different concentrations was also determined. The fractal dimension was shown to be very close to that of the diffusion limited process, suggesting that aggregates were formed during a secondary process induced by the addition of n-heptane. The earlier aggregates produced by shear of crude oil were monomers for the secondary aggregates. The affect of the shear rate on the settling velocity-turbidity relation was very weak, indicating that the size of asphaltene aggregates produced by crude oil shear does not change much with the shear rate.

  2. Naphthenic acid characterization and distribution in crude oils; Caracterizacao e distribuicao de acidos naftenicos em petroleos

    Energy Technology Data Exchange (ETDEWEB)

    Guimaraes, Regina C.L.; Gomes, Alexandre de O. [PETROBRAS S.A., Rio de Janeiro, RJ (Brazil)

    2008-07-01

    Naphthenic acid corrosion was observed for the first time during the distillation process of some kind of crude oils in 1920. Recent reports about naphthenic acid corrosion have been found in China, India, Venezuela, Eastern Europe, Russia and the USA. In Brazil, heavy and acid crude oil processing is rising. Some brazilian crude oils have TAN around 3,0 mg KOH/g. The presence of relatively high levels of naphthenic acids in crude oils is a bane of petroleum refiners; and more recently, of producers as well, who have reported problems during production with calcium and sodium naphthenate . Essentially, these acids which are found to greater or lesser extent in virtually all crude oils are corrosive and tend to cause equipment failures, lead to high maintenance costs and may pose environmental disposal problems. In order to give these information to PETROBRAS, The Research and Development Center of PETROBRAS (CENPES) has been working in house and with brazilian universities developing analytical technicians to know better molecular structures and distribution of these acids compounds in crude oils. This work presents the actual methods and some results from these developments. (author)

  3. Oil Risks and Firm Attributes in Oil Share Prices: Empirical Evidence from Bursa Malaysia

    OpenAIRE

    Safian, Dayana

    2010-01-01

    This research aims to analyze the oil risks and firm attributes that could affect the share prices of oil and gas companies in Malaysia. Most of the studies conducted in regards to the oil and gas sector takes into account the contributing factors such as the condition of oil futures in NYMEX and focuses on prominent oil exporting and importing countries. In contrast, this paper empirically assesses the dynamics of global, national and company level factors that could influence the share p...

  4. Oil price reduction impacts on the Iranian economy

    Directory of Open Access Journals (Sweden)

    Abdollah Mahmoodi

    2017-12-01

    Full Text Available economy. In order to simulate this shock, the global trade analysis project (GTAP model with its data done by using. In the new created data aggregation, oil exporting in Iran and the rest of the world countries as economic new regions, ten new economic sectors have been created, among which the oil is introduced as one sector as well as five endowments. The standard economic closure was changed, and decline in world oil price was simulated in model as a policy shock. The results show that oil export revenue and the mineral commodity export earnings will decrease, but other production sectors’ exports will increase. The trade balance of Iran will be affected negatively and strongly. Also, oil and other services production decreased. In the production sectors’ market, the demand for labor, natural resources, and investment decreased dramatically, and the demand for land increased. Using equivalent variation (EV, changes in Iran’s welfare is high negative. Finally, deflation, reduction in value and quantity of GDP and changes in consumption combination from public to private sector are the other economic impacts of reduction in oil price on Iran’s economic. It is suggested that future studies are done using dynamic models and up-to-date data. In addition, policy makers need to rebound internationally and within OPEC to raise oil prices.

  5. Occurrence of crude oil degrading bacteria in gasoline and diesel station soils.

    Science.gov (United States)

    Rahman, Kaja Sheik Mujibur; Rahman, Thahira; Lakshmanaperumalsamy, Perumalsamy; Banat, Ibrahim M

    2002-01-01

    Microbial enumeration and identification were carried out on several oil contaminated soil samples collected from gasoline and diesel stations. Bacteria were the most dominant microbiota and were therefore classified to generic level. Eleven main genera were detected and Corynebacterium was the predominant genus in all the samples. Biochemical characterisation and substrate utilisation showed high percentage of lipolytic ability combined with high inorganic nitrogen utilisers. The ability of these cultures to degrade crude oil was tested individually and in mixed bacterial consortium at different temperatures and pH values. Maximum crude oil biodegradation of 78% was achieved using a bacterial consortium containing five cultures (Micrococcus sp. GS2-22, Corynebacterium sp. GS5-66, Flavobacterium sp. DS5-73, Bacillus sp. DS6-86 and Pseudomonas sp. DS10-129) with 1% crude oil at 30 degrees C and pH 7.5. Such a consortium may be useful for bioaugmentation of oil contaminated environments.

  6. Effects of surfactants on bacteria and the bacterial degradation of alkanes in crude oil

    Energy Technology Data Exchange (ETDEWEB)

    Bruheim, Per

    1998-12-31

    This thesis investigates the effects of surfactants on the bacterial degradation of alkanes in crude oil. Several alkane oxidising Gram positive and Gram negative were tested for their abilities to oxidise alkanes in crude oil emulsified with surfactants. The surfactants used to make the oil in water emulsions were either of microbial or chemical origin. Oxidation rates of resting bacteria oxidising various crude oil in water emulsions were measured by Warburg respirometry. The emulsions were compared with non-emulsified oil to see which was the preferred substrate. The bacteria were pregrown to both the exponential and stationary phase of growth before harvesting and preparation for the Warburg experiments. 123 refs., 4 figs., 14 tabs.

  7. Crude oil exposures reveal roles for intracellular calcium cycling in haddock craniofacial and cardiac development

    Science.gov (United States)

    Sørhus, Elin; Incardona, John P.; Karlsen, Ørjan; Linbo, Tiffany; Sørensen, Lisbet; Nordtug, Trond; van der Meeren, Terje; Thorsen, Anders; Thorbjørnsen, Maja; Jentoft, Sissel; Edvardsen, Rolf B.; Meier, Sonnich

    2016-08-01

    Recent studies have shown that crude oil exposure affects cardiac development in fish by disrupting excitation-contraction (EC) coupling. We previously found that eggs of Atlantic haddock (Melanogrammus aeglefinus) bind dispersed oil droplets, potentially leading to more profound toxic effects from uptake of polycyclic aromatic hydrocarbons (PAHs). Using lower concentrations of dispersed crude oil (0.7-7 μg/L ∑PAH), here we exposed a broader range of developmental stages over both short and prolonged durations. We quantified effects on cardiac function and morphogenesis, characterized novel craniofacial defects, and examined the expression of genes encoding potential targets underlying cardiac and craniofacial defects. Because of oil droplet binding, a 24-hr exposure was sufficient to create severe cardiac and craniofacial abnormalities. The specific nature of the craniofacial abnormalities suggests that crude oil may target common craniofacial and cardiac precursor cells either directly or indirectly by affecting ion channels and intracellular calcium in particular. Furthermore, down-regulation of genes encoding specific components of the EC coupling machinery suggests that crude oil disrupts excitation-transcription coupling or normal feedback regulation of ion channels blocked by PAHs. These data support a unifying hypothesis whereby depletion of intracellular calcium pools by crude oil-derived PAHs disrupts several pathways critical for organogenesis in fish.

  8. Volatility of bitumen prices and implications for the industry

    Science.gov (United States)

    Attanasi, E.D.

    2008-01-01

    Sustained crude oil price increases have led to increased investment in and production of Canadian bitumen to supplement North American oil supplies. For new projects, the evaluation of profitability is based on a prediction of the future price path of bitumen and ultimately light/medium crude oil. This article examines the relationship between the bitumen and light crude oil prices in the context of a simple error-correction economic-adjustment model. The analysis shows bitumen prices to be significantly more volatile than light crude prices. Also, the dominant effect of an oil price shock on bitumen prices is immediate and is amplified, both in absolute terms and percentage price changes. It is argued that the bitumen industry response to such market risks will likely be a realignment toward vertical integration via new downstream construction, mergers, or on a de facto basis by the establishment of alliances. ?? 2008 International Association for Mathematical Geology.

  9. Partition behaviour of alkylphenols in crude oil/brine systems under subsurface conditions

    Science.gov (United States)

    Bennett, B.; Larter, S. R.

    1997-10-01

    Partition of organic solutes between oils and water in the subsurface is an important geochemical process occurring during petroleum migration and reservoiring, during water washing, and during petroleum production. Currently no data exists on the quantitative aspects of the partition process at subsurface conditions for solutes such as phenols and aromatic hydrocarbons which are major components of both oils and waters. We have constructed an equilibration device for oils and waters based on flow injection analysis principles to measure partition coefficients of alkylphenols in crude oil/brine systems under reservoir conditions. Concentrations of C 0C 2 alkylphenols in waters and solid phase extracts of crude oils produced in the device were determined by reverse phase high performance liquid chromatography with electrochemical detection (RP-HPLC-ED), partition coefficients being measured as a function of pressure (25-340 bar), temperature (25-150°C), and water salinity (0-100,000 mg/L sodium chloride) for a variety of oils. Partition coefficients for all compounds decreased with increasing temperature, increased with water salinity and crude oil bulk NSO content, and showed little change with varying pressure. These laboratory measurements, determined under conditions close to those typically encountered in petroleum reservoirs, suggest temperature, water salinity, and crude oil bulk NSO content will have important influence on oil-water partition processes in the subsurface during migration and water washing.

  10. Aerosolization of crude oil and dispersant slicks due to bubble bursting

    Science.gov (United States)

    Sampath, Kaushik; Afshar-Mohajer, Nima; Heo, Won-Seok; Gilbert, Joshua; Austin, David; Koehler, Kirsten; Katz, Joseph

    2017-11-01

    Bubble bursting in oceanic whitecaps is a well-known mechanism of marine aerosol generation. When crude oil spills occur, these aerosols may be oil-laden, leading to public health concerns. The introduction of dispersants aimed at accelerating the breakup of slicks, which greatly reduce the oil-water interfacial tension, potentially alters the aerosol number and size distributions. To characterize these effects, controlled bubble plumes are injected into a vertical seawater column (ϕ0.6m, 1.8m high) with an oil-contaminated surface. The aerosol concentrations are measured in the micron (0.5-20µm) and nano (10-370nm) size ranges. Tests are performed at the same air injection rate for varying bubble diameters (614, 263 and 89 μm), slick thicknesses (50 and 500 μm), and oil-water interfacial tensions. The latter are achieved by using crude oil, crude oil premixed with the dispersant Corexit 9500A at a ratio of 1:25, and pure dispersant. The results confirm that bubble bursting causes aerosolization of oil in the micron range, which increases with the introduction of dispersant. An order of magnitude increase in the concentration of nano-aerosols occurs for the largest bubbles, but not the smaller ones, and only for slicks containing pure dispersant or 500 μm thick crude oil-dispersant mixtures.

  11. Considering extraction constraints in long-term oil price modelling

    Energy Technology Data Exchange (ETDEWEB)

    Rehrl, Tobias; Friedrich, Rainer; Voss, Alfred

    2005-12-15

    Apart from divergence about the remaining global oil resources, the peak oil discussion can be reduced to a dispute about the time rate at which these resources can be supplied. On the one hand it is problematic to project oil supply trends without taking both - prices as well as supply costs - explicitly into account. On the other hand are supply cost estimates however itself heavily dependent on the underlying extraction rates and are actually only valid within a certain business-as-usual extraction rate scenario (which itself is the task to determine). In fact, even after having applied enhanced recovery technologies, the rate at which an oil field can be exploited is quite restricted. Above a certain level an additional extraction rate increase can only be costly achieved at risks of losses in the overall recoverable amounts of the oil reservoir and causes much higher marginal cost. This inflexibility in extraction can be overcome in principle by the access to new oil fields. This indicates why the discovery trend may roughly form the long-term oil production curve, at least for price-taking suppliers. The long term oil discovery trend itself can be described as a logistic process with the two opposed effects of learning and depletion. This leads to the well-known Hubbert curve. Several attempts have been made to incorporate economic variables econometrically into the Hubbert model. With this work we follow a somewhat inverse approach and integrate Hubbert curves in our Long-term Oil Price and EXtraction model LOPEX. In LOPEX we assume that non-OPEC oil production - as long as the oil can be profitably discovered and extracted - is restricted to follow self-regulative discovery trends described by Hubbert curves. Non-OPEC production in LOPEX therefore consists of those Hubbert cycles that are profitable, depending on supply cost and price. Endogenous and exogenous technical progress is extra integrated in different ways. LOPEX determines extraction and price

  12. Molecular characterization of organically bound sulphur in crude oils. A feasibility study for the application of Raney Ni desulphurization as a new method to characterize crude oils

    NARCIS (Netherlands)

    Sinninghe Damsté, J.S.; Rijpstra, W.I.C.; Leeuw, J.W. de; Lijmbach, G.W.M.

    1994-01-01

    Five crude oils with varying sulfur contents (0.1 – 4.7%) were characterized on a molecular level for organically-bound sulfur. Aromatic fractions were analyzed by GC-(MS) and asphaltene and polar fractions were analyzed by flash pyrolysis-GC-(MS). The polar fractions were also desulfurized with

  13. EFFECT OF OIL TEMPERATURE ON THE WAX DEPOSITION OF CRUDE OIL WITH COMPOSITION ANALYSIS

    Directory of Open Access Journals (Sweden)

    Qing Quan

    Full Text Available Abstract Wax deposition behavior was investigated in a set of one-inch experiment flow loops, using a local crude oil with high wax content. The temperature of the oil phase is chosen as a variable parameter while the temperature of the coolant media is maintained constant. Detailed composition of the deposit is characterized using High Temperature Gas Chromatography. It was found that the magnitude of the diffusion of the heavier waxy components (C35-C50 decreases when the oil temperature decreases, but the magnitude of the diffusion of the lighter waxy components increases. This result means that the diffusion of wax molecules shifts towards lower carbon number, which further proves the concept of molecular diffusion. Meanwhile, a meaningful phenomenon is that the mass of the deposit increases with the oil temperature decrease, which definitely proves the influence of wax solubility on deposition, while the formation of an incipient gel layer reflects the fact that an increase in the mass of the deposit does not mean a larger wax percentage fraction at lower oil temperature.

  14. Novel insight into the role of heterotrophic dinoflagellates in the fate of crude oil in the sea

    DEFF Research Database (Denmark)

    Almeda, Rodrigo; Connelly, Tara L.; Buskey, Edward J.

    2014-01-01

    Although planktonic protozoans are likely to interact with dispersed crude oil after a spill, protozoan-mediated processes affecting crude oil pollution in the sea are still not well known. Here, we present the first evidence of ingestion and defecation of physically or chemically dispersed crude...... to 0.37 mu g-oil mg-C-dino (-1) d(-1), which could represent similar to 17% to 100% of dispersed oil in surface waters when heterotrophic dinoflagellates are abundant or bloom. Egestion of faecal pellets containing crude oil by heterotrophic dinoflagellates could contribute to the sinking and flux...... of toxic petroleum hydrocarbons in coastal waters. Our study indicates that crude oil ingestion by heterotrophic dinoflagellates is a noteworthy route by which petroleum enters marine food webs and a previously overlooked biological process influencing the fate of crude oil in the sea after spills....

  15. Fundamentals of Hydrofaction™: Renewable crude oil from woody biomass

    DEFF Research Database (Denmark)

    Jensen, Claus Uhrenholt; Rodriguez Guerrero, Julie Katerine; Karatzos, Sergios

    2017-01-01

    . Steady state operational data from a campaign producing 1 barrel (>150 kg) of oil at a dedicated pilot plant is presented, including closure of mass, energy, and three elemental balances. A detailed oil assay specifying the oil quality as well as mass and energy recoveries from wood to oil of 45.3 wt...

  16. Achieving 80% greenhouse gas reduction target in Saudi Arabia under low and medium oil prices

    KAUST Repository

    Alshammari, Yousef Mohammad

    2016-11-10

    COP 21 led to a global agreement to limit the earth\\'s rising temperature to less than 2 °C. This will require countries to act upon climate change and achieve a significant reduction in their greenhouse gas emissions which will play a pivotal role in shaping future energy systems. Saudi Arabia is the World\\'s largest exporter of crude oil, and the 11th largest CO2 emitter. Understanding the Kingdom\\'s role in global greenhouse gas reduction is critical in shaping the future of fossil fuels. Hence, this work presents an optimisation study to understand how Saudi Arabia can meet the CO2 reduction targets to achieve the 80% reduction in the power generation sector. It is found that the implementation of energy efficiency measures is necessary to enable meeting the 80% target, and it would also lower costs of transition to low carbon energy system while maintaining cleaner use of hydrocarbons with CCS. Setting very deep GHG reduction targets may be economically uncompetitive in consideration of the energy supply requirements. In addition, we determine the breakeven price of crude oil needed to make CCS economically viable. Results show important dimension for pricing CO2 and the role of CCS compared with alternative sources of energy.

  17. Three essays on monetary policy responses to oil price shocks

    Science.gov (United States)

    Plante, Michael

    This dissertation contains three chapters which explore the question of how monetary policy should respond to changes in the price of oil. Each chapter explores the question from the perspective of a different economic environment. The first chapter examines welfare maximizing optimal monetary policy in a closed economy New Keynesian model that is extended to include household and firm demand for oil products, sticky wages, and capital accumulation. When households and firms demand oil products a natural difference arises between the Consumer Price Index (CPI), the core CPI, and the GDP deflator. I show that when nominal wages are flexible then the optimal policy places a heavy emphasis on stabilizing the inflation rate of the core CPI. If aggregate nominal wages are sticky then the central bank should focus on stabilizing some combination of core inflation and nominal wage inflation. Under no case examined is it optimal to stabilize either GDP deflator or CPI inflation. The second chapter examines monetary policy responses to oil price shocks in a small open economy with traded and non-traded goods. Oil and labor are used to produce the traded and non-traded goods and prices are sticky in the non-traded sector. I show analytically that the ratio of the oil and labor cost shares in the traded and non-traded sectors is crucial for determining the dynamic behavior of many macroeconomic variables after a rise in the price of oil. A policy of fixed exchange rates can produce higher or lower inflation in the non-traded sector depending upon the ratio. Likewise, a policy that stabilizes the inflation rate of prices in the non-traded sector can cause the nominal exchange rate to appreciate or depreciate. For the proper calibration, a policy that stabilizes core inflation produces results very close to the one that stabilizes non-traded inflation. Analytical results show that the fixed exchange rate always produces a unique solution. The policy of stabilizing non

  18. Histopathological changes in the livers of rabbit fish (Siganus canaliculatus) following exposure to crude oil and dispersed oil.

    Science.gov (United States)

    Agamy, Esam

    2012-12-01

    The present study aimed to assess the impact of acute exposure to crude oil, dispersed oil, and dispersant alone on the liver of the rabbit fish (Siganus canaliculatus). Histopathological effects in the liver were observed at different time points (3 to 21 days) and different concentrations (3-100% water accommodated fraction [WAF]) to simulate a range of possible oil pollution events. The main alterations observed in this study include lipid accumulation, necrosis, bile stagnation, megalocytosis, cholangitis, and spongiosis hepatis. The liver of fish exposed to WAF, dispersed oil, or dispersant showed significant histopathologic alterations compared with the control fish (Mann-Whitney U test; p fish differed significantly from the control groups. There was a significant correlation between exposure time and the occurrence of most lesions (Spearman correlation; p > .05). The present study indicates that oil pollution can cause important alterations to livers of adult rabbit fish and that the dispersed oil is slightly more toxic than crude oil or dispersant.

  19. Effect of biosurfactants on crude oil desorption and mobilization in a soil system

    Energy Technology Data Exchange (ETDEWEB)

    Kuyukina, M.S.; Ivshina, I.B. [Ural Branch of the Russian Academy of Sciences, Perm (Russian Federation). Institute of Ecology and Genetics of Microorganisms; Makarov, S.O.; Litvinenko, L.V. [Perm State University, Perm (Russian Federation); Cunningham, C.J. [University of Edinburgh (United Kingdom). Contaminated Land Assessment and Remediation Research Centre; Philp, J.C. [Napier University, Edinburgh (United Kingdom). School of Life Sciences

    2005-02-01

    Microbially produced biosurfactants were studied to enhance crude oil desorption and mobilization in model soil column systems. The ability of biosurfactants from Rhodococcus ruber to remove the oil from the soil core was 1.4-2.3 times greater than that of a synthetic surfactant of suitable properties, Tween 60. Biosurfactant-enhanced oil mobilization was temperature-related, and it was slower at 15{sup o}C than at 22-28{sup o}C. Mathematical modelling using a one-dimensional filtration model was applied to simulate the process of oil penetration through a soil column in the presence of (bio)surfactants. A strong positive correlation (R{sup 2} = 0.99) was found between surfactant penetration through oil-contaminated soil and oil removal activity. Biosurfactant was less adsorbed to soil components than synthetic surfactant, thus rapidly penetrating through the soil column and effectively removing 65-82% of crude oil. Chemical analysis showed that crude oil removed by biosurfactant contained a lower proportion of high-molecular-weight paraffins and asphaltenes, the most nonbiodegradable compounds, compared to initial oil composition. This result suggests that oil mobilized by biosurfactants could be easily biodegraded by soil bacteria. Rhodococcus biosurfactants can be used for in situ remediation of oil-contaminated soils. (author)

  20. Experiment on the Effects of Storage Duration of Biodiesel produced from Crude Palm Oil, Waste Cooking oil and Jatropha

    Science.gov (United States)

    Nanihar, Nadiarulah; Khalid, Amir; Mustaffa, Norrizal; Jaat, Norrizam; Sapit, Azwan; Razali, Azahari; Sunar, Norshuhaila Mohamed

    2017-10-01

    Biodiesel based on vegetable oil is an alternative that had various advantage in term of sustainability and environmental attractive compare to others conventional diesel. Biodiesel is product of any fat or oil that derived from any organic sources through a refinery process called transesterification process. This research investigates the effects of storage duration and variant ambient condition on the biodiesel properties and characteristics. In this study, there are three types of blending which is 5vol% blends ( 5vol% plant oil 95vol% diesel), 10vol% blending (10vol% plant oil and 90vol% diesel) and 15vol% blending (15vol% plant oil and 85vol% diesel) each called CPO5 (crude palm oil 5vol%), CPO10 (crude palm oil 10vol%),CPO15 (crude palm oil 15vol%), JO5 (jatropha oil 5vol%), JO10 (jatropha oil 10vol%),and JO15 (jatropha oil 15vol%) respectively. Biodiesel samples were stored at indoor condition and outdoor condition for a 3 months period. The fuel properties such as acid value, viscosity, density, water content and flash point are observed with the laboratory instrument. Flash point value and water content increased under both of indoor and outdoor condition and a steady data for viscosity and density. However, acid value at indoor condition nearly constant but increased dramatically for outdoor condition over the time.

  1. Diagnosis of asphaltene stability in crude oil through “two parameters” SVM model

    DEFF Research Database (Denmark)

    Chamkalani, Ali; Mohammadi, Amir H.; Eslamimanesh, Ali

    2012-01-01

    Asphaltene precipitation/deposition and its imposing difficulties are drastic issues in petroleum industry. Monitoring the asphaltene stability conditions in crude oil systems is still a challenge and has been subject of many studies. In this work, the Refractive Index (RI) of several oil samples...

  2. Effect of Bonny Light Crude Oil Pollution of Soil on the Growth of ...

    African Journals Online (AJOL)

    The effect of Bonny Light Crude oil pollution of soil and successive plantings in the same soil at 4 – week intervals on the growth of dayflower (Commelina benghalensis L.) was investigated. The factorial sets of treatments were two levels of oil pollution (0 and 50 mg/g) and 5 successive plantings. Characters assessed were ...

  3. Effect of Bonny Light Crude Oil Pollution of Soil on the Growth of ...

    African Journals Online (AJOL)

    Devika

    ) and Wahua (1999). The least significant difference (LSD) was used to compare treatment means. Table 2: Average leaf area (cm2) per plant as affected by crude oil in soil and successive plantings at 4 – week intervals. B.L.C Oil in Soil. (mg/g).

  4. 33 CFR 157.138 - Crude Oil Washing Operations and Equipment Manual.

    Science.gov (United States)

    2010-07-01

    ... tank. (6) The design oxygen content of the gas or mixture of gases that is supplied by the inert gas... VESSELS CARRYING OIL IN BULK Crude Oil Washing (COW) System on Tank Vessels Design, Equipment, and... inspection of the COW system during COW operations. (5) Design characteristic information of the COW system...

  5. Draft Genome Sequence of Rhodococcus erythropolis DN1, a Crude Oil Biodegrader

    Science.gov (United States)

    Shevtsov, Alexander; Zholdybayeva, Elena; Momynkulov, Dauren; Sarsenova, Ainur; Moldagulova, Nazira; Momynaliev, Kuvat

    2013-01-01

    We report the 6,548-Mb genome sequence of Rhodococcus erythropolis strain DN1, isolated from the oil-contaminated soil in the Karagandy region of Kazakhstan. The draft genome sequence of strain DN1 might provide new insights into the genetic mechanisms of crude oil biodegradation. PMID:24136850

  6. Characterization of dioxygenases and biosurfactants produced by crude oil degrading soil bacteria

    Directory of Open Access Journals (Sweden)

    Santhakumar Muthukamalam

    Full Text Available ABSTRACT Role of microbes in bioremediation of oil spills has become inevitable owing to their eco friendly nature. This study focused on the isolation and characterization of bacterial strains with superior oil degrading potential from crude-oil contaminated soil. Three such bacterial strains were selected and subsequently identified by 16S rRNA gene sequence analysis as Corynebacterium aurimucosum, Acinetobacter baumannii and Microbacterium hydrocarbonoxydans respectively. The specific activity of catechol 1,2 dioxygenase (C12O and catechol 2,3 dioxygenase (C23O was determined in these three strains wherein the activity of C12O was more than that of C23O. Among the three strains, Microbacterium hydrocarbonoxydans exhibited superior crude oil degrading ability as evidenced by its superior growth rate in crude oil enriched medium and enhanced activity of dioxygenases. Also degradation of total petroleum hydrocarbon (TPH in crude oil was higher with Microbacterium hydrocarbonoxydans. The three strains also produced biosurfactants of glycolipid nature as indicated d by biochemical, FTIR and GCMS analysis. These findings emphasize that such bacterial strains with superior oil degrading capacity may find their potential application in bioremediation of oil spills and conservation of marine and soil ecosystem.

  7. Russia Update - Lower oil price will take its toll

    NARCIS (Netherlands)

    Lorié, J.

    2015-01-01

    Russia managed to avoid a recession in 2014 as economic owes have mounted. Already feeble investments were further eroded by the US/EU sanctions. But it is the oil price decline from USD 110 to below USD 50 that is pushing Russia into a serious recession in 2015.

  8. Mathematical Model of Sorption Kinetics of Crude Oil by Rubber Particles from Scrap Tyres

    Directory of Open Access Journals (Sweden)

    Felix A. AISIEN

    2011-06-01

    Full Text Available This paper present an insight into how rubber particles from scrap tyres can be utilized to clean up oil spillages as well as how the process of sorption of crude oil by rubber particles can be stimulated based on sorption kinetics. Crude oil sorption tests using recycled rubber particles (a model absorbent were designed for investigating crude oil concentration profiles. The model based on a linear driving force (LDF was developed using a set of experimental data and multiple regression analysis. The crude oil sorption performance tests were conducted under various operating conditions by varying parameters such as rubber particle size and absorption temperature. The predictive capacity of the kinetic model was evaluated under conditions significantly different from those that have already been measured. The experimental results obtained previously were correlated with the first order sorption kinetics model developed. The results showed that the first order kinetics model accurately correlate the experimental data generated. Also, satisfactory results were obtained from simulation of other operating conditions; hence the crude oil sorption kinetics is first order.

  9. Effect of four dispersants on biodegradation and growth of bacteria on crude oil.

    Science.gov (United States)

    Mulkins-Phillips, G J; Stewart, J E

    1974-10-01

    Four chemical dispersants, Corexit 8666, Gamlen Sea Clean, G. H. Woods Degreaser-Formula 11470, and Sugee 2 were examined singly and in individual combinations with Arabian Crude Oil (1:1 ratio) at 10 and 25 C for their effects on the growth of bacteria indigenous to local marine waters, the bacterial population composition, and biodegradation of crude oil; in addition, their emulsifying capacities, at approximately 24 C, were determined. None of the dispersants used alone were toxic even at relatively high concentrations (1.25%), although Gamlen Sea Clean and G. H. Woods Degreaser-Formula 11470 did cause an increase in the lag phase which was more pronounced at 10 than at 25 C; addition of the crude oil reduced the lag phase increase. All of the dispersants used alone supported good growth of microorganisms, but qualitative population shifts were caused by the dispersant-oil combinations. The degrees of degradation of the n-alkane fraction of the crude oil varied depending upon the dispersant used. Under these test conditions, only Sugee 2, which had the poorest emulsifying capacity, promoted n-alkane degradation compared with the values obtained by using the crude oil alone.

  10. AN ASSESSMENT OF THE EFFECTS OF CRUDE OIL POLLUTION ON SOIL PROPERTIES

    Directory of Open Access Journals (Sweden)

    Mariana Marinescu

    2010-01-01

    Full Text Available Pollution caused by crude oil is the most prevalent problem in the environment. The release of crude oil into theenvironment by oil spills is receiving worldwide attention. The effect of crude oil pollution on soil properties wasinvestigated by achieving a case study in Perisoru, Braila County. It has been achieved a profile until 120 cm and soilsamples were collected according to the methodology and analyzed for some physical and chemical properties. In caseof physical analysis, the values obtained for granulometric fractions were not influenced by the presence of crude oil.Results obtained showed variation in chemical properties of soil. Organic carbon increased from 2.23% for anunpolluted soil to 5.51% in polluted soil. C/N ratios increased from 13.01 for an unpolluted soil to 20.54 in pollutedsoil. Mobile phosphorous and potassium registered in polluted soil similar values with the one characteristic forunpolluted soil. Crude oil at high pollution levels inhibited the growth of crops.

  11. Isolation of the crude oil degrading marine Acinetobacter sp. E11

    Energy Technology Data Exchange (ETDEWEB)

    Razak, C.N.A.; Wang, W.F.; Rahman, S.H.S.A.; Basri, M.; Salleh, A.B. [University Putra Malaysia, Serdang, Selangor (Malaysia). Centre for Enzyme and Microbial Technology Research

    1999-07-01

    The Acinetobacter sp. E11, isolated from Port Dickson Beach, Malaysia, was able to grow in media containing crude oil as the sole carbon and energy source. Substrate specificity studies showed that the bacterium exhibited substrate preference as growth was observed only in media containing aliphatic hydrocarbons, while aromatic and cyclic hydrocarbons inhibited growth. With the aliphatic hydrocarbons, growth was seen only in the long-chain alkanes tested (pentadecane, dodecane and hexadecane). No growth was recorded in the short-chain alkanes (pentane, hexane and heptane) tested. With complex hydrocarbons, only crude oil and 4T SHELL engine oil supported growth. No growth was observed in kerosene and PETRONAS gasoline. The isolate could grow in up to 10% and 20% [v/v] of the crude oil and alkanes tested, respectively. Among the long-chain alkanes tested, hexadecane was the most preferred, followed by pentadecane and dodecane. Nitrogen and phosphorous supplements were essential for growth and the best growth was achieved with 3% nitrogen/phosphorous additions. Microscopic observation revealed that the bacterium adhered to the hexadecane and crude oil droplets. GC analysis showed that the bacterium was able to degrade more than 60% of the hydrocarbons in the crude oil in 15 days at 37 C compared to the uninoculated media. (orig.)

  12. Kinetic Models Study of Hydrogenation of Aromatic Hydrocarbons in Vacuum Gas Oil and Basrah Crude Oil Reaction

    Directory of Open Access Journals (Sweden)

    Muzher M. Ibraheem

    2013-05-01

    Full Text Available             The aim of this research is to study the kinetic reaction models for catalytic hydrogenation of aromatic content for Basrah crude oil (BCO and vacuum gas oil (VGO derived from Kirkuk crude oil which has the boiling point rang of (611-833K.            This work is performed using a hydrodesulphurization (HDS pilot plant unit located in AL-Basil Company. A commercial (HDS catalyst cobalt-molybdenum (Co-Mo supported in alumina (γ-Al2O3 is used in this work. The feed is supplied by North Refinery Company in Baiji. The reaction temperatures range is (600-675 K over liquid hourly space velocity (LHSV range of (0.7-2hr-1 and hydrogen pressure is 3 MPa with H2/oil ratio of 300 of Basrah Crude oil (BCO, while the corresponding conditions for vacuum gas oil (VGO are (583-643 K, (1.5-3.75 hr-1, 3.5 MPa and 250  respectively .            The results showed that the reaction kinetics is of second order for both types of feed. Activation energies are found to be 30.396, 38.479 kJ/mole for Basrah Crude Oil (BCO and Vacuum Gas Oil (VGO respectively.

  13. Biodegradation of Bonnylight crude oil by locally isolated fungi from oil contaminated soils in Akure, Ondo state

    Directory of Open Access Journals (Sweden)

    Ekundayo, F.O.

    2012-01-01

    Full Text Available Aim: This present investigation was conducted to determine the capability of fungi isolated from soil samples collected from two automobile workshopsto bioremediate Bonnylight crude oil.Methodology and Results: The fungi present on the soil samples collected from two automobile workshops in Akure, Nigeria were investigated using standard microbiological techniques. These fungal isolates were screened for the ability to degrade Bonnylight crude oil. The bioremediation of Bonnylight crude oil was observed spectrophotometrically using the broth culture (non- harvested cells and harvested cells of the fungi isolated from the contaminated sites for a period of 20 days on minimal salt broth. Mycotypha microspora, Penicllium italicum, Botryris cinerea, Gliocladium deliquescence, Verticillium albo–atrum and Aspergillus niger were isolated from the contaminated site while Neurospora crassa, A. parasiticus, A. niger and Gonatobotryum apiculatum were isolated from uncontaminated sites. All the fungal isolates were capable of active degradation in varying degrees.Conclusion: The study shows that all the isolated fungi were capable of degrading the crude oil in varying degrees. The active crude oil utilizing fungi in this study were Aspergillus niger (both harvested and non harvested cells and Gliocladium deliquescence (non harvested cells and Penicillium italicum (harvested cells. Aspergillus niger has best degrading ability than other fungi in non harvested and harvested cell condition. However, non harvested cells recorded the higher degradative ability than harvested cells. Therefore, non harvested cells can be employed in bioremediation of Bonnylight crude oil.Significance and Impact of Study: The fungi isolated from automobile mechanic workshops contaminated soil can be exploited in the bioremediation of Bonny Light crude oil.

  14. Growth and Oil Price Fluctuation in Nigeria: A Variance Decomposition Evidence

    Directory of Open Access Journals (Sweden)

    David Umoru

    2017-09-01

    Full Text Available This study examines the impact of oil price shocks on economic growth rate in Nigeria using the impulse response functions and forecast error variance decomposition on quarterly data from 2000 to 2016. This study finds that fluctuations in oil prices cause swings in GDP growth rate in Nigeria. The fluctuation in oil prices also depreciates Naira exchange rate. The country should branch out its revenue sources to shield the dangle effect of the fluctuation in prices of oil.

  15. Oil Price Shocks and Macroeconomic Activities in Asean-5 Countries: A Panel VAR Approach

    OpenAIRE

    AZIZ, Mukhriz Izraf Azman; Dahalan, Jauhari

    2015-01-01

    The paper investigates the asymmetric effects of oil price shocks on real economic activities in ASEAN-5 from 1991 to 2014 using an unrestricted panel Vector Auto Regressive (VAR) method. Results from the impulse response function (IRFs) show evidence of an asymmetric relationship between oil prices and economic activities. Specifically, positive oil price shock measures negatively affect output growth both in the short term and in the long term. For oil price decrease specific...

  16. U.S. crude oil, natural gas, and natural gas liquids reserves 1997 annual report

    Energy Technology Data Exchange (ETDEWEB)

    Wood, John H.; Grape, Steven G.; Green, Rhonda S.

    1998-12-01

    This report presents estimates of proved reserves of crude oil, natural gas, and natural gas liquids as of December 31, 1997, as well as production volumes for the US and selected States and State subdivisions for the year 1997. Estimates are presented for the following four categories of natural gas: total gas (wet after lease separation), nonassociated gas and associated-dissolved gas (which are the two major types of wet natural gas), and total dry gas (wet gas adjusted for the removal of liquids at natural gas processing plants). In addition, reserve estimates for two types of natural gas liquids, lease condensate and natural gas plant liquids, are presented. Also included is information on indicated additional crude oil reserves and crude oil, natural gas, and lease condensate reserves in nonproducing reservoirs. A discussion of notable oil and gas exploration and development activities during 1997 is provided. 21 figs., 16 tabs.

  17. US crude oil, natural gas, and natural gas liquids reserves, 1992 annual report

    Energy Technology Data Exchange (ETDEWEB)

    1993-10-18

    This report presents estimates of proved reserves of crude oil, natural gas, and natural gas liquids as of December 31, 1992, as well as production volumes for the United States, and selected States and State subdivisions for the year 1992. Estimates are presented for the following four categories of natural gas: total gas (wet after lease separation), its two major components (nonassociated and associated-dissolved gas), and total dry gas (wet gas adjusted for the removal of liquids at natural gas processing plants). In addition, two components of natural gas liquids, lease condensate and natural gas plant liquids, have their reserves and production data presented. Also included is information on indicated additional crude oil reserves and crude oil, natural gas, and lease condensate reserves in nonproducing reservoirs. A discussion of notable oil and gas exploration and development activities during 1992 is provided.

  18. Dependence and risk assessment for oil prices and exchange rate portfolios: A wavelet based approach

    Science.gov (United States)

    Aloui, Chaker; Jammazi, Rania

    2015-10-01

    In this article, we propose a wavelet-based approach to accommodate the stylized facts and complex structure of financial data, caused by frequent and abrupt changes of markets and noises. Specifically, we show how the combination of both continuous and discrete wavelet transforms with traditional financial models helps improve portfolio's market risk assessment. In the empirical stage, three wavelet-based models (wavelet-EGARCH with dynamic conditional correlations, wavelet-copula, and wavelet-extreme value) are considered and applied to crude oil price and US dollar exchange rate data. Our findings show that the wavelet-based approach provides an effective and powerful tool for detecting extreme moments and improving the accuracy of VaR and Expected Shortfall estimates of oil-exchange rate portfolios after noise is removed from the original data.

  19. Oil prices, fiscal policy, and economic growth in oil-exporting countries

    Science.gov (United States)

    El-Anshasy, Amany A.

    This dissertation argues that in oil-exporting countries fiscal policy could play an important role in transmitting the oil shocks to the economy and that the indirect effects of the changes in oil prices via the fiscal channel could be quite significant. The study comprises three distinct, yet related, essays. In the first essay, I try to study the fiscal policy response to the changes in oil prices and to their growing volatility. In a dynamic general equilibrium framework, a fiscal policy reaction function is derived and is empirically tested for a panel of 15 oil-exporters covering the period 1970--2000. After the link between oil price shocks and fiscal policy is established, the second essay tries to investigate the impact of the highly volatile oil prices on economic growth for the same sample, controlling for the fiscal channel. In both essays the study employs recent dynamic panel-data estimation techniques: System GMM. This approach has the potential advantages of minimizing the bias resulting from estimating dynamic panel models, exploiting the time series properties of the data, controlling for the unobserved country-specific effects, and correcting for any simultaneity bias. In the third essay, I focus on the case of Venezuela for the period 1950--2001. The recent developments in the cointegrating vector autoregression, CVAR technique is applied to provide a suitable framework for analyzing the short-run dynamics and the long-run relationships among oil prices, government revenues, government consumption, investment, and output.

  20. Polyurethane Foams for Thermal Insulation Uses Produced from Castor Oil and Crude Glycerol Biopolyols.

    Science.gov (United States)

    Carriço, Camila S; Fraga, Thaís; Carvalho, Vagner E; Pasa, Vânya M D

    2017-07-02

    Rigid polyurethane foams were synthesized using a renewable polyol from the simple physical mixture of castor oil and crude glycerol. The effect of the catalyst (DBTDL) content and blowing agents in the foams' properties were evaluated. The use of physical blowing agents (cyclopentane and n-pentane) allowed foams with smaller cells to be obtained in comparison with the foams produced with a chemical blowing agent (water). The increase of the water content caused a decrease in density, thermal conductivity, compressive strength, and Young's modulus, which indicates that the increment of CO₂ production contributes to the formation of larger cells. Higher amounts of catalyst in the foam formulations caused a slight density decrease and a small increase of thermal conductivity, compressive strength, and Young's modulus values. These green foams presented properties that indicate a great potential to be used as thermal insulation: density (23-41 kg·m-3), thermal conductivity (0.0128-0.0207 W·m-1·K-1), compressive strength (45-188 kPa), and Young's modulus (3-28 kPa). These biofoams are also environmentally friendly polymers and can aggregate revenue to the biodiesel industry, contributing to a reduction in fuel prices.

  1. Polyurethane Foams for Thermal Insulation Uses Produced from Castor Oil and Crude Glycerol Biopolyols

    Directory of Open Access Journals (Sweden)

    Camila S. Carriço

    2017-07-01

    Full Text Available Rigid polyurethane foams were synthesized using a renewable polyol from the simple physical mixture of castor oil and crude glycerol. The effect of the catalyst (DBTDL content and blowing agents in the foams’ properties were evaluated. The use of physical blowing agents (cyclopentane and n-pentane allowed foams with smaller cells to be obtained in comparison with the foams produced with a chemical blowing agent (water. The increase of the water content caused a decrease in density, thermal conductivity, compressive strength, and Young’s modulus, which indicates that the increment of CO2 production contributes to the formation of larger cells. Higher amounts of catalyst in the foam formulations caused a slight density decrease and a small increase of thermal conductivity, compressive strength, and Young’s modulus values. These green foams presented properties that indicate a great potential to be used as thermal insulation: density (23–41 kg·m−3, thermal conductivity (0.0128–0.0207 W·m−1·K−1, compressive strength (45–188 kPa, and Young’s modulus (3–28 kPa. These biofoams are also environmentally friendly polymers and can aggregate revenue to the biodiesel industry, contributing to a reduction in fuel prices.

  2. Rapid Room-Temperature Gelation of Crude Oils by a Wetted Powder Gelator.

    Science.gov (United States)

    Ren, Changliang; Shen, Jie; Chen, Feng; Zeng, Huaqiang

    2017-03-27

    Phase-selective organogelators (PSOGs) not only exhibit ability to phase-selectively congeal oil from oily water but also allow easy separation of gelled oil from the body of water. However, all hitherto reported PSOGs either necessitate carrier solvents for their dissolution or suffer from an extremely slow action in gelling oil in the powder form. A previously unexplored generally applicable wetting strategy is now described to dramatically enhance, by up to two orders of magnitude, gelling speed of the resultant wet but non-sticky gelator in the powder form in crude oils of widely ranging viscosities. Such unprecedented rapid gelling speeds enable rapid gelation of six types of (un)weathered crude oils within minutes at room temperature, making PSOGs one step closer to their eventual practical uses as one of important oil spill control technologies. © 2017 Wiley-VCH Verlag GmbH & Co. KGaA, Weinheim.

  3. Effects of filtration methods on the neutralization yield of crude marine fish oil

    Directory of Open Access Journals (Sweden)

    Vera Lúcia Viana do Nascimento

    2015-03-01

    Full Text Available The evaluation of filtration methods on the yield and oleochemicals characteristics on the crude fish oil from the soapstock of marine fish for purposes of nutrition has been conducted in this work. The analytical properties of the crude and the neutralized oil with three excesses of sodium hydroxide (NaOH, 20%, 40% and 60% were carried out on two different ways with organza and the “glass wool”. The neutralization of the oil brought about a notable improvement in the analytical properties of the oil. Thus, it leads to a high quality fish oil in terms of taste, colour, odours, shelf life and market value. Based on the improved characteristics of the oil, it could be suitable for applications in pharmaceutical and food industries.

  4. 17 CFR 229.1204 - (Item 1204) Oil and gas production, production prices and production costs.

    Science.gov (United States)

    2010-04-01

    ... price (including transfers) per unit of oil, gas and other products produced; and (2) The average... conversion to synthetic oil or gas, the product's production, transfer prices, and production costs should be disclosed separately from all other products. Instruction 4 to Item 1204: The transfer price of oil and gas...

  5. 75 FR 34959 - Five-Year Review of Oil Pipeline Pricing Index

    Science.gov (United States)

    2010-06-21

    ... for Oil Price Change Ceiling Levels, 114 FERC ] 61,293 (2006). \\4\\ The Commission publishes the final... (DC Cir. 2004). \\6\\ Order Establishing Index for Oil Price Change Ceiling Levels, 114 FERC ] 61,293... Federal Energy Regulatory Commission 18 CFR Part 342 Five-Year Review of Oil Pipeline Pricing Index June...

  6. Effects of different remediation treatments on crude oil contaminated saline soil.

    Science.gov (United States)

    Gao, Yong-Chao; Guo, Shu-Hai; Wang, Jia-Ning; Li, Dan; Wang, Hui; Zeng, De-Hui

    2014-12-01

    Remediation of the petroleum contaminated soil is essential to maintain the sustainable development of soil ecosystem. Bioremediation using microorganisms and plants is a promising method for the degradation of crude oil contaminants. The effects of different remediation treatments, including nitrogen addition, Suaeda salsa planting, and arbuscular mycorrhiza (AM) fungi inoculation individually or combined, on crude oil contaminated saline soil were assessed using a microcosm experiment. The results showed that different remediation treatments significantly affected the physicochemical properties, oil contaminant degradation and bacterial community structure of the oil contaminated saline soil. Nitrogen addition stimulated the degradation of total petroleum hydrocarbon significantly at the initial 30d of remediation. Coupling of different remediation techniques was more effective in degrading crude oil contaminants. Applications of nitrogen, AM fungi and their combination enhanced the phytoremediation efficiency of S. salsa significantly. The main bacterial community composition in the crude oil contaminated saline soil shifted with the remediation processes. γ-Proteobacteria, β-Proteobacteria, and Actinobacteria were the pioneer oil-degraders at the initial stage, and Firmicutes were considered to be able to degrade the recalcitrant components at the later stage. Copyright © 2014 Elsevier Ltd. All rights reserved.

  7. Chain of custody for samples of live crude oil using visible-near-infrared spectroscopy.

    Science.gov (United States)

    Betancourt, Soraya S; Bracey, Jep; Gustavson, Gale; Mathews, Syriac G; Mullins, Oliver C

    2006-12-01

    In order to design oil production facilities and strategies, it is necessary to acquire crude oil samples from subsurface formations in oil wells in so-called openhole prior to production. In some environments, such as deepwater production of oil, decisions of huge economic importance are based on such samples. To date, there has been little quality control to verify that the crude oils collected in the sample bottles and analyzed up to a year later in the laboratory have any relation to the actual crude oils in the subsurface reservoirs. These high-pressure samples can undergo myriad deleterious alterations. Here, we introduce the chain-of-custody concept to the oilfield. The visible-near-infrared spectrum of the crude oil is measured in situ in the wellbore at the point of sample acquisition. This spectrum is compared with the spectrum measured on putatively the same fluid in the laboratory at the start of laboratory sample analysis. First, quantitative assessment is made of whether the fluid in the (high-pressure) sample bottle remains representative of formation fluids. Second, any specific changes in the spectrum of the fluid can be related to possible process control failures. Here, the entire process of chain of custody is proven. The chain of custody process can rapidly become routine in the petroleum industry, thereby significantly improving the reliability of any process that depends on fluid property determination.

  8. BPO crude oil analysis data base user`s guide: Methods, publications, computer access correlations, uses, availability

    Energy Technology Data Exchange (ETDEWEB)

    Sellers, C.; Fox, B.; Paulz, J.

    1996-03-01

    The Department of Energy (DOE) has one of the largest and most complete collections of information on crude oil composition that is available to the public. The computer program that manages this database of crude oil analyses has recently been rewritten to allow easier access to this information. This report describes how the new system can be accessed and how the information contained in the Crude Oil Analysis Data Bank can be obtained.

  9. The Effects of Biodiesel and Crude Oil on the Foraging Behavior of Rusty Crayfish, Orconectes rusticus.

    Science.gov (United States)

    Jurcak, Ana M; Gauthier, Steven J; Moore, Paul A

    2015-11-01

    Environmental pollutants, such as crude oil and other petroleum-based fuels, inhibit and limit an organism's ability to perceive a chemical stimulus. Despite the increased use of alternative fuels, such as biodiesel, there have been few studies investigating the impact of these chemicals on the behavior of aquatic organisms. The purpose of this study was to compare the sublethal effects of biodiesel and crude oil exposure on chemically mediated behaviors in a freshwater keystone species. Crayfish (Orconectes rusticus) were tested on their ability to respond appropriately to a positive chemical stimulus within a Y-maze choice paradigm. Behavior was quantified by measuring time spent finding an odor source, duration of time spent at the odor source, percentage of crayfish that found the odor source, and percentage of crayfish that chose the correct arm of the arena. Results indicated negative impacts of both biodiesel and crude oil on the ability of crayfish to locate the food source. However, there were no significant differences between behavioral performances when crayfish were exposed to crude oil compared with biodiesel. Thus, biodiesel and crude oil have equally negative effects on the chemosensory behavior of crayfish. These findings indicate that biodiesel has the potential to have similar negative ecological impacts as other fuel source toxins.

  10. The efficiency of the crude oil markets. Evidence from variance ratio tests

    Energy Technology Data Exchange (ETDEWEB)

    Charles, Amelie [Audencia Nantes, School of Management, 8 route de la Joneliere, 44312 Nantes (France); Darne, Olivier [LEMNA, University of Nantes, IEMN-IAE, Chemin de la Censive du Tertre, 44322 Nantes (France)

    2009-11-15

    This study examines the random walk hypothesis for the crude oil markets, using daily data over the period 1982-2008. The weak-form efficient market hypothesis for two crude oil markets (UK Brent and US West Texas Intermediate) is tested with non-parametric variance ratio tests developed by [Wright J.H., 2000. Alternative variance-ratio tests using ranks and signs. Journal of Business and Economic Statistics, 18, 1-9] and [Belaire-Franch J. and Contreras D., 2004. Ranks and signs-based multiple variance ratio tests. Working paper, Department of Economic Analysis, University of Valencia] as well as the wild-bootstrap variance ratio tests suggested by [Kim, J.H., 2006. Wild bootstrapping variance ratio tests. Economics Letters, 92, 38-43]. We find that the Brent crude oil market is weak-form efficiency while the WTI crude oil market seems to be inefficiency on the 1994-2008 sub-period, suggesting that the deregulation have not improved the efficiency on the WTI crude oil market in the sense of making returns less predictable. (author)

  11. The efficiency of the crude oil markets: Evidence from variance ratio tests

    Energy Technology Data Exchange (ETDEWEB)

    Charles, Amelie, E-mail: acharles@audencia.co [Audencia Nantes, School of Management, 8 route de la Joneliere, 44312 Nantes (France); Darne, Olivier, E-mail: olivier.darne@univ-nantes.f [LEMNA, University of Nantes, IEMN-IAE, Chemin de la Censive du Tertre, 44322 Nantes (France)

    2009-11-15

    This study examines the random walk hypothesis for the crude oil markets, using daily data over the period 1982-2008. The weak-form efficient market hypothesis for two crude oil markets (UK Brent and US West Texas Intermediate) is tested with non-parametric variance ratio tests developed by [Wright J.H., 2000. Alternative variance-ratio tests using ranks and signs. Journal of Business and Economic Statistics, 18, 1-9] and [Belaire-Franch J. and Contreras D., 2004. Ranks and signs-based multiple variance ratio tests. Working paper, Department of Economic Analysis, University of Valencia] as well as the wild-bootstrap variance ratio tests suggested by [Kim, J.H., 2006. Wild bootstrapping variance ratio tests. Economics Letters, 92, 38-43]. We find that the Brent crude oil market is weak-form efficiency while the WTI crude oil market seems to be inefficiency on the 1994-2008 sub-period, suggesting that the deregulation have not improved the efficiency on the WTI crude oil market in the sense of making returns less predictable.

  12. Influence of crude oil contamination on the bacterial community of semiarid soils of Patagonia (Argentina)

    Energy Technology Data Exchange (ETDEWEB)

    Pucci, O.H.; Bak, M.A.; Peressutti, S.R.; Alvarez, H.M. [Univ. Nacional de la Patagonia, Facultad de Ciencias Naturales C.E.I.M.A., Comodoro Rivadavia (Argentina); Klein, I.; Haertig, C.; Wuensche, L. [UFZ - Umweltforschungszentrum Leipzig-Halle GmbH, Sektion Umweltmikrobiologie, Leipzig (Germany)

    2000-07-01

    Autochthonous bacteriocenoses in semiarid soils in Patagonia were found to be capable of rapidly adapting to high contamination with crude oil. This adaptation at community level is due to the selective enrichment of hydrocarbon-utilizing bacteria always present in these soils. Immediately after a heavy contamination with crude oil, the autochthonous bacteriocenosis contained about 28% hydrocarbon-utilizing bacteria which could be classified into eight ecotypes with characteristic metabolic profiles. Mainly n-alkanes were used as growth substrates of representative strains. After seven months' exposure to crude oil, the bacteriocenosis consisted almost entirely of hydrocarbon-utilizing bacteria. At least fourteen ecotypes were distinguishable, and the majority of representative strains were able to metabolize a broad spectrum of aliphatic and aromatic hydrocarbons. Corresponding to the significant alteration of the physiological diversity, drastic changes to the taxonomic diversity were also found. Whereas at the beginning of the study the autochthonous bacteriocenoses were dominated by Gram-positive genera of the Actinomycetales (Dietzia, Gordona, Nocardia, Rhodococcus, Streptomyces) with high ecological potency, after just two months' exposure to crude oil, Gram-negative bacteria (especially Pseudomonas stutzeri) became predominant within the hydrocarbon-utilizing bacteriocenoses accompanied by some Gram-positive genera of the Actinomycetales with a significantly lower abundance. These findings underline the importance of Pseudomonas and some genera of Actinomycetales for processes of natural attenuation and the technically supported in situ bioremediation of soil polluted by crude oil in Patagonia. (orig.)

  13. Analisis Potensi Ekspor CPO (Crude Palm Oil) Di Sumatera Utara

    OpenAIRE

    Siahaan, Anastasya Elanmoy

    2015-01-01

    This study aims to determine how the exchange rate, production, international price of CPO, and economic growth in North Sumatra affect CPO export to the world market. The variables studied were the exchange rate, production, international price of CPO and CPO exports and economic growth. And also to look at trends and projections CPO North Sumatra. The data used are secondary data. The method used is the method of regression analysis to look at the factors that affect CPO eksor North Sumatra...

  14. Application of Multivariate Statistical Analysis to Biomarkers in Se-Turkey Crude Oils

    Science.gov (United States)

    Gürgey, K.; Canbolat, S.

    2017-11-01

    Twenty-four crude oil samples were collected from the 24 oil fields distributed in different districts of SE-Turkey. API and Sulphur content (%), Stable Carbon Isotope, Gas Chromatography (GC), and Gas Chromatography-Mass Spectrometry (GC-MS) data were used to construct a geochemical data matrix. The aim of this study is to examine the genetic grouping or correlations in the crude oil samples, hence the number of source rocks present in the SE-Turkey. To achieve these aims, two of the multivariate statistical analysis techniques (Principle Component Analysis [PCA] and Cluster Analysis were applied to data matrix of 24 samples and 8 source specific biomarker variables/parameters. The results showed that there are 3 genetically different oil groups: Batman-Nusaybin Oils, Adıyaman-Kozluk Oils and Diyarbakir Oils, in addition to a one mixed group. These groupings imply that at least, three different source rocks are present in South-Eastern (SE) Turkey. Grouping of the crude oil samples appears to be consistent with the geographic locations of the oils fields, subsurface stratigraphy as well as geology of the area.

  15. APPLICATION OF MULTIVARIATE STATISTICAL ANALYSIS TO BIOMARKERS IN SE-TURKEY CRUDE OILS

    Directory of Open Access Journals (Sweden)

    K. Gürgey

    2017-11-01

    Full Text Available Twenty-four crude oil samples were collected from the 24 oil fields distributed in different districts of SE-Turkey. API and Sulphur content (%, Stable Carbon Isotope, Gas Chromatography (GC, and Gas Chromatography-Mass Spectrometry (GC-MS data were used to construct a geochemical data matrix. The aim of this study is to examine the genetic grouping or correlations in the crude oil samples, hence the number of source rocks present in the SE-Turkey. To achieve these aims, two of the multivariate statistical analysis techniques (Principle Component Analysis [PCA] and Cluster Analysis were applied to data matrix of 24 samples and 8 source specific biomarker variables/parameters. The results showed that there are 3 genetically different oil groups: Batman-Nusaybin Oils, Adıyaman-Kozluk Oils and Diyarbakir Oils, in addition to a one mixed group. These groupings imply that at least, three different source rocks are present in South-Eastern (SE Turkey. Grouping of the crude oil samples appears to be consistent with the geographic locations of the oils fields, subsurface stratigraphy as well as geology of the area.

  16. Analisis Permintaan Minyak Kelapa (Coconut Crude Oil Indonesia di Pasar Internasional

    Directory of Open Access Journals (Sweden)

    Syahrul Ganda Sukmaya

    2017-07-01

    Full Text Available The world demand of coconut oil or Coconut Crude Oil (CCO was 2.18 million tons per year in 2014. The market share of Indonesian palm oil in international market was the second largest after the Philippines. Vegetable oil market fluctuations in international markets was influenced by economic conditions of CCO consumer countries therefore influenced on oil exports. The purpose of this study was to analyze demand elasticity of Indonesian palm oil in international market and it competition with other producers. This study used secondary data, i.e annual data of Indonesian coconut crude oil exports and other exporting countries in international market from 1984 to 2015. The market demand analysis approach using AIDS (Almost Ideal Demand System and competition with the analysis of comparative advantage of Revealed Comparative Advantage (RCA was used. Results showed that Indonesian coconut oil commodities has a comparative advantage in international market. Moreover, increasing demand for imports of coconut crude oil in international market would be beneficial for Indonesia since it may increase Indonesian market share.

  17. Crude oil treatment leads to shift of bacterial communities in soils from the deep active layer and upper permafrost along the China-Russia Crude Oil Pipeline route.

    Directory of Open Access Journals (Sweden)

    Sizhong Yang

    Full Text Available The buried China-Russia Crude Oil Pipeline (CRCOP across the permafrost-associated cold ecosystem in northeastern China carries a risk of contamination to the deep active layers and upper permafrost in case of accidental rupture of the embedded pipeline or migration of oil spills. As many soil microbes are capable of degrading petroleum, knowledge about the intrinsic degraders and the microbial dynamics in the deep subsurface could extend our understanding of the application of in-situ bioremediation. In this study, an experiment was conducted to investigate the bacterial communities in response to simulated contamination to deep soil samples by using 454 pyrosequencing amplicons. The result showed that bacterial diversity was reduced after 8-weeks contamination. A shift in bacterial community composition was apparent in crude oil-amended soils with Proteobacteria (esp. α-subdivision being the dominant phylum, together with Actinobacteria and Firmicutes. The contamination led to enrichment of indigenous bacterial taxa like Novosphingobium, Sphingobium, Caulobacter, Phenylobacterium, Alicylobacillus and Arthrobacter, which are generally capable of degrading polycyclic aromatic hydrocarbons (PAHs. The community shift highlighted the resilience of PAH degraders and their potential for in-situ degradation of crude oil under favorable conditions in the deep soils.

  18. Influence of asphaltene aggregation and pressure on crude oil emulsion stability

    Energy Technology Data Exchange (ETDEWEB)

    Auflem, Inge Harald

    2002-07-01

    Water-in-crude oil emulsions stabilised by various surface-active components are one of the major problems in relation to petroleum production. This thesis presents results from high-pressure separation experiments on ''live'' crude oil and model oil emulsions, as well as studies of Interactions between various indigenous stabilising materials in crude oil. A high-pressure separation rig was used to study the influence of gas and gas bubbles on the separation of water-in-crude oil emulsions. The results were interpreted as a flotation effect from rising gas bubbles, which led to increased separation efficiency. The separation properties of a ''live'' crude oil were compared to crude oil samples recombined with various gases. The results showed that water-in-oil emulsions produced from the ''live'' crude oil samples, generally separated faster and more complete, than emulsions based on recombined samples of the same crude oil. Adsorption of asphaltenes and resins onto a hydrophilic surface from solutions with varying aromatic/aliphatic character was investigated by a quarts crystal microbalance. The results showed that asphaltenes adsorbed to a larger degree than the resins. The resins were unable to desorb pre-adsorbed asphaltenes from the surface, and neither did they adsorb onto the asphaltene-coated surface. In solutions of both of resins and asphaltenes the two constituents associated in bulk liquid and adsorbed to the surface in the form of mixed aggregates. Near infrared spectroscopy and pulsed field gradient spin echo nuclear magnetic resonance were used to study asphaltene aggregation and the influence of various amphiphiles on the asphaltene aggregate size. The results showed Interactions between the asphaltenes and various chemicals, which were proposed to be due to acid-base interactions. Among the chemicals used were various naphthenic acids. Synthesised monodisperse acids gave a reduction of

  19. Thermal infrared emissivity spectrum and its characteristics of crude oil slick covered seawater.

    Science.gov (United States)

    Xiong, Pan; Gu, Xing-Fai; Yu, Taol; Meng, Qing-Yan; Li, Jia-Guoi; Shi, Ji-xiang; Cheng, Yang; Wang, Liang; Liu, Wen-Song; Liu, Qi-Yuei; Zhao, Li-Min

    2014-11-01

    Detecting oil slick covered seawater surface using the thermal infrared remote sensing technology exists the advantages such as: oil spill detection with thermal infrared spectrum can be performed in the nighttime which is superior to visible spectrum, the thermal infrared spectrum is superior to detect the radiation characteristics of both the oil slick and the seawater compared to the mid-wavelength infrared spectrum and which have great potential to detect the oil slick thickness. And the emissivity is the ratio of the radiation of an object at a given temperature in normal range of the temperature (260-320 K) and the blackbody radiation under the same temperature , the emissivity of an object is unrelated to the temperature, but only is dependent with the wavelength and material properties. Using the seawater taken from Bohai Bay and crude oil taken from Gudao oil production plant of Shengli Oilfield in Dongying city of Shandong Province, an experiment was designed to study the characteristics and mechanism of thermal infrared emissivity spectrum of artificial crude oil slick covered seawater surface with its thickness. During the experiment, crude oil was continuously dropped into the seawater to generate artificial oil slick with different thicknesses. By adding each drop of crude oil, we measured the reflectivity of the oil slick in the thermal infrared spectrum with the Fourier transform infrared spectrometer (102F) and then calculated its thermal infrared emissivity. The results show that the thermal infrared emissivity of oil slick changes significantly with its thickness when oil slick is relatively thin (20-120 μm), which provides an effective means for detecting the existence of offshore thin oil slick In the spectrum ranges from 8 to 10 μm and from 13. 2 to 14 μm, there is a steady emissivity difference between the seawater and thin oil slick with thickness of 20 μm. The emissivity of oil slick changes marginally with oil slick thickness and

  20. Dynamics of heating oil market prices in Europe

    Energy Technology Data Exchange (ETDEWEB)

    Indjehagopian, J.P. [Department of Statistics, ESSEC-Graduate School of Management, Cergy-Pontoise (France); Lantz, F.; Simon, V. [Centre Economic and Gestion, Ecole du Petrole et des Moteurs, Institut Francais du Petrole, Rueil-Malmaison (France)

    2000-04-01

    This paper concerns the German and French heating oil market and attempts to establish long- and short-term relationships between German and French monthly heating oil prices in dollars, the Rotterdam spot price for the same product and the DM/US$ and FF/US$ exchange rates during the period from January 1987 to December 1997. To model the market over the period under consideration, incorporating the Gulf War, we have used conventional unit root tests and sequential tests allowing structural changes. Long-term relationships, with shifts in regime detected by cointegration tests taking structural breaks into consideration, are estimated. The short-term dynamics defined by a vector error correction (VEC) mechanism is derived in a classic manner when in presence of a cointegrated VAR system. The econometric results obtained are commented on from an economic point of view. Weak exogeneity tests are performed and the conditional VEC model is deduced, enabling measurement of the instantaneous impact of variations in weakly exogenous exchange rates on variations in heating oil prices in Germany and France. Lastly, a study is made of the asymmetric reaction of domestic prices to positive and negative variations in exchange rates and the Rotterdam spot quotation. 25 refs.

  1. Biocatalytic desulfurization of thiophenic compounds and crude oil by newly isolated bacteria

    Science.gov (United States)

    Mohamed, Magdy El-Said; Al-Yacoub, Zakariya H.; Vedakumar, John V.

    2015-01-01

    Microorganisms possess enormous highly specific metabolic activities, which enable them to utilize and transform nearly every known chemical class present in crude oil. In this context, one of the most studied biocatalytic processes is the biodesulfurization (BDS) of thiophenic sulfur-containing compounds such as benzothiophene (BT) and dibenzothiophene (DBT) in crude oils and refinery streams. Three newly isolated bacterial strains, which were affiliated as Rhodococcus sp. strain SA11, Stenotrophomonas sp. strain SA21, and Rhodococcus sp. strain SA31, were enriched from oil contaminated soil in the presence of DBT as the sole S source. GC-FID analysis of DBT-grown cultures showed consumption of DBT, transient formation of DBT sulfone (DBTO2) and accumulation of 2-hydroxybiphenyl (2-HBP). Molecular detection of the plasmid-borne dsz operon, which codes for the DBT desulfurization activity, revealed the presence of dszA, dszB, and dszC genes. These results point to the operation of the known 4S pathway in the BDS of DBT. The maximum consumption rate of DBT was 11 μmol/g dry cell weight (DCW)/h and the maximum formation rate of 2-HBP formation was 4 μmol/g DCW/h. Inhibition of both cell growth and DBT consumption by 2-HBP was observed for all isolates but SA11 isolate was the least affected. The isolated biocatalysts desulfurized other model DBT alkylated homologs. SA11 isolate was capable of desulfurizing BT as well. Resting cells of SA11 exhibited 10% reduction in total sulfur present in heavy crude oil and 18% reduction in total sulfur present in the hexane-soluble fraction of the heavy crude oil. The capabilities of the isolated bacteria to survive and desulfurize a wide range of S compounds present in crude oil are desirable traits for the development of a robust BDS biocatalyst to upgrade crude oils and refinery streams. PMID:25762990

  2. Bioremediation of Crude Oil Contaminated Desert Soil: Effect of Biostimulation, Bioaugmentation and Bioavailability in Biopile Treatment Systems

    National Research Council Canada - National Science Library

    Benyahia, Farid; Embaby, Ahmed Shams

    2016-01-01

    This work was aimed at evaluating the relative merits of bioaugmentation, biostimulation and surfactant-enhanced bioavailability of a desert soil contaminated by crude oil through biopile treatment...

  3. The Effect of Geopolitics on Commodity Prices

    OpenAIRE

    McGrouther, Robert

    2016-01-01

    The thesis examines the effects of geopolitical events on global crude oil, wheat and aluminum prices. Geopolitical events have the potential to disrupt the production and supply of commodities to markets, affecting prices. Path analysis models that mirror crude oil, wheat and aluminum markets are constructed using theories specific to each commodity to measure how substantial the impacts of different variables are upon prices. Vector error correction models are then employed to test if indiv...

  4. Biotechnological potential of Bacillus salmalaya 139SI: a novel strain for remediating water polluted with crude oil waste.

    Directory of Open Access Journals (Sweden)

    Salmah Ismail

    Full Text Available Environmental contamination by petroleum hydrocarbons, mainly crude oil waste from refineries, is becoming prevalent worldwide. This study investigates the bioremediation of water contaminated with crude oil waste. Bacillus salamalaya 139SI, a bacterium isolated from a private farm soil in the Kuala Selangor in Malaysia, was found to be a potential degrader of crude oil waste. When a microbial population of 108 CFU ml-1 was used, the 139SI strain degraded 79% and 88% of the total petroleum hydrocarbons after 42 days of incubation in mineral salt media containing 2% and 1% of crude oil waste, respectively, under optimum conditions. In the uninoculated medium containing 1% crude oil waste, 6% was degraded. Relative to the control, the degradation was significantly greater when a bacteria count of 99 × 108 CFU ml-1 was added to the treatments polluted with 1% oil. Thus, this isolated strain is useful for enhancing the biotreatment of oil in wastewater.

  5. Acid esterification of a high free fatty acid crude palm oil and crude rubber seed oil blend: Optimization and parametric analysis

    Energy Technology Data Exchange (ETDEWEB)

    Khan, Modhar A.; Yusup, Suzana; Ahmad, Murni M. [Universiti Teknologi PETRONAS, Chemical Engineering, Bandar Seri Iskandar, 31750 Tronoh, Perak (Malaysia)

    2010-12-15

    Free fatty acids content plays an important role in selecting the appropriate route for biodiesel production. Oils with high content of free fatty acids can be treated by acid esterification where an alcohol reacts with the given oil in the presence of acid catalyst. In the current study, an equivolume blend of crude rubber seed oil and crude palm oil is fed to the reaction with methanol as the alcohol of choice and sulfuric acid. Selected reaction parameters were optimized, using Taguchi method for design of experiments, to yield the lowest free fatty acid content in the final product. The investigated parameters include alcohol to oil ratio, temperature and amount of catalyst. The effect and significance of each parameter were then studied based on the fractional factorial design and verified by additional experiments. The optimum conditions for acid esterification which could reduce the free fatty acid content in the feedstock to lower than 0.6% (95% reduction) were 65 C, 15:1 methanol to oil ratio (by mole) and 0.5 wt% H{sub 2}SO{sub 4} after 3 h of reaction time. Temperature had been found to have the most effect on the reduction of free fatty acids followed by reactants ratio while increasing catalyst amount had nominal effect. (author)

  6. Sublethal Toxicity of Crude Oil Exposure in The Blue Crab, Callinectes sapidus, at Two Life History Stages.

    Science.gov (United States)

    Giltz, Sarah M; Taylor, Caz M

    2017-02-01

    The 2010 Deepwater Horizon oil spill occurred during peak spawning season for many Gulf of Mexico fish and invertebrates. Early life stages of important fishery species were at risk to encounter crude oil. In this study, we investigated the effect of crude oil exposure on two life stages of the blue crab (Callinectes sapidus). We tested the effects of oil exposure on the survival and growth of larval (pelagic) and juvenile (estuarine) blue crabs as well as the effects of oil on the molt frequency of juveniles. Larval crabs exposed to crude oil showed no discernable growth or mortality differences when compared to non-exposed controls. Juvenile crabs exposed to oil also showed no differences in size but exhibited increased intermolt duration (time between molts). Our study suggests that different life-stages may respond differently when exposed to crude oil and that oil exposure negatively affects growth rate of juvenile blue crabs.

  7. Indigenous oil-degrading bacteria in crude oil-contaminated seawater of the Yellow sea, China.

    Science.gov (United States)

    Wang, Wanpeng; Zhang, Rongqiu; Zhong, Rongqiu; Shan, Dapeng; Shao, Zongze

    2014-08-01

    Indigenous oil-degrading bacteria play an important role in efficient remediation of polluted marine environments. In this study, we investigated the diversity and abundance of indigenous oil-degrading bacteria and functional genes in crude oil-contaminated seawater of the Dalian coast. The gene copy number bacterial 16S rRNA in total were determined to be about 10(10) copies L(-1) in contaminated seawater and 10(9) copies L(-1) in uncontaminated seawater. Bacteria of Alcanivorax, Marinobacter, Novosphingobium, Rhodococcus, and Pseudoalteromonas were found to be predominant oil-degrading bacteria in the polluted seawater in situ. In addition, bacteria belonging to Algoriphagus, Aestuariibacter, Celeribacter, Fabibacter, Zobellia, Tenacibaculum, Citreicella, Roseivirga, Winogradskyella, Thioclava, Polaribacter, and Pelagibaca were confirmed to be the first time as an oil-degrading bacterium. The indigenous functional enzymes, including AlkB or polycyclic aromatic hydrocarbons ring-hydroxylating dioxygenases α (PAH-RHDα) coding genes from Gram-positive (GP) and Gram-negative bacteria (GN), were revealed and quite diverse. About 10(10) to 10(11) copies L(-1) for the expression of alkB genes were recovered and showed that the two-thirds of all the AlkB sequences were closely related to widely distributed Alcanivorax and Marinobacter isolates. About 10(9) copies L(-1) seawater for the expression of RHDαGN genes in contaminated seawater and showed that almost all RHDαGN sequences were closely related to an uncultured bacterium; however, RHDαGP genes represented only about 10(5) copies L(-1) seawater for the expression of genes in contaminated seawater, and the naphthalene dioxygenase sequences from Rhodococcus and Mycobacterium species were most abundant. Together, their data provide evidence that there exists an active aerobic microbial community indigenous to the coastal area of the Yellow sea that is capable of degrading petroleum hydrocarbons.

  8. Corresponding morphological and molecular indicators of crude oil toxicity to the developing hearts of mahi mahi

    Science.gov (United States)

    Edmunds, Richard C.; Gill, J. A.; Baldwin, David H.; Linbo, Tiffany L.; French, Barbara L.; Brown, Tanya L.; Esbaugh, Andrew J.; Mager, Edward M.; Stieglitz, John; Hoenig, Ron; Benetti, Daniel; Grosell, Martin; Scholz, Nathaniel L.; Incardona, John P.

    2015-12-01

    Crude oils from distinct geological sources worldwide are toxic to developing fish hearts. When oil spills occur in fish spawning habitats, natural resource injury assessments often rely on conventional morphometric analyses of heart form and function. The extent to which visible indicators correspond to molecular markers for cardiovascular stress is unknown for pelagic predators from the Gulf of Mexico. Here we exposed mahi (Coryphaena hippurus) embryos to field-collected crude oil samples from the 2010 Deepwater Horizon disaster. We compared visible heart defects (edema, abnormal looping, reduced contractility) to changes in expression of cardiac-specific genes that are diagnostic of heart failure in humans or associated with loss-of-function zebrafish cardiac mutants. Mahi exposed to crude oil during embryogenesis displayed typical symptoms of cardiogenic syndrome as larvae. Contractility, looping, and circulatory defects were evident, but larval mahi did not exhibit downstream craniofacial and body axis abnormalities. A gradation of oil exposures yielded concentration-responsive changes in morphometric and molecular responses, with relative sensitivity being influenced by age. Our findings suggest that 1) morphometric analyses of cardiac function are more sensitive to proximal effects of crude oil-derived chemicals on the developing heart, and 2) molecular indicators reveal a longer-term adverse shift in cardiogenesis trajectory.

  9. Exposure to Deepwater Horizon weathered crude oil increases routine metabolic demand in chub mackerel, Scomber japonicus.

    Science.gov (United States)

    Klinger, Dane H; Dale, Jonathan J; Machado, Benjamin E; Incardona, John P; Farwell, Charles J; Block, Barbara A

    2015-09-15

    During the 2010 Deepwater Horizon incident, the continuous release of crude oil from the damaged Macondo 252 wellhead on the ocean floor contaminated surface water habitats for pelagic fish for more than 12weeks. The spill occurred across pelagic, neritic and benthic waters, impacting a variety of ecosystems. Chemical components of crude oil are known to disrupt cardiac function in juvenile fish, and here we investigate the effects of oil on the routine metabolic rate of chub mackerel, Scomber japonicus. Mackerel were exposed to artificially weathered Macondo 252 crude oil, prepared as a Water Accommodated Fraction (WAF), for 72 or 96h. Routine metabolic rates were determined pre- and post-exposure using an intermittent-flow, swim tunnel respirometer. Routine energetic demand increased in all mackerels in response to crude oil and reached statistical significance relative to unexposed controls at 96h. Chemical analyses of bile from exposed fish revealed elevated levels of fluorescent metabolites, confirming the bioavailability of polycyclic aromatic hydrocarbons (PAHs) in the exposure WAF. The observed increase in metabolic demand is likely attributable to the bioenergetic costs of contaminant detoxification. These results indicate that short-term exposure (i.e. days) to oil has sub-lethal toxicity to mackerel and results in physiological stress during the active spill phase of the incident. Copyright © 2015 Elsevier Ltd. All rights reserved.

  10. A High Resolution Capacitive Sensing System for the Measurement of Water Content in Crude Oil

    Directory of Open Access Journals (Sweden)

    Muhammad Zubair Aslam

    2014-06-01

    Full Text Available This paper presents the design of a non-intrusive system to measure ultra-low water content in crude oil. The system is based on a capacitance to phase angle conversion method. Water content is measured with a capacitance sensor comprising two semi-cylindrical electrodes mounted on the outer side of a glass tube. The presence of water induces a capacitance change that in turn converts into a phase angle, with respect to a main oscillator. A differential sensing technique is adopted not only to ensure high immunity against temperature variation and background noise, but also to eliminate phase jitter and amplitude variation of the main oscillator that could destabilize the output. The complete capacitive sensing system was implemented in hardware and experiment results using crude oil samples demonstrated that a resolution of ±50 ppm of water content in crude oil was achieved by the proposed design.

  11. Multi-objective model of waste transportation management for crude palm oil industry

    Science.gov (United States)

    Silalahi, Meslin; Mawengkang, Herman; Irsa Syahputri, Nenna

    2018-02-01

    The crude palm oil industry is an agro-industrial commodity. The global market of this industry has experienced rapid growth in recent years, such that it has a strategic value to be developed for Indonesian economy. Despite these economic benefits there are a number of environmental problems at the factories, such as high water consumption, the generation of a large amount of wastewater with a high organic content, and the generation of a large quantity of solid wastes and air pollution. In terms of waste transportation, we propose a multiobjective programming model for managing business environmental risk in a crude palm oil manufacture which gives the best possible configuration of waste management facilities and allocates wastes to these facilities. Then we develop an interactive approach for tackling logistics and environmental risk production planning problem for the crude palm oil industry.

  12. Lung function in subjects exposed to crude oil spill into sea water.

    Science.gov (United States)

    Meo, Sultan Ayoub; Al-Drees, Abdul Majeed; Meo, Imran M U; Al-Saadi, Muslim M; Azeem, Muhammad Abdul

    2008-01-01

    A Greek oil-tanker ran aground, resulting in a huge oil spill along the costal areas of Karachi, Pakistan. The purpose of this study was to assess the lung function and follow up change after one year in subjects exposed to crude oil spill in sea water. It was a cross sectional study with follow up in 20 apparently healthy, non-smoking, male workers, who were exposed to a crude oil spill environment during oil cleaning operation. The exposed group was matched with 31 apparently healthy male control subjects. Pulmonary function test was performed using an electronic Spirometer. Subjects exposed to polluted air have significant reduction in forced vital capacity (FVC), forced expiratory volume in first second (FEV(1)), forced expiratory flow (FEF(25-75%)) and maximum voluntary ventilation (MVV) compared to their matched controls. This impairment was reversible and lung functions parameters were improved when the subjects were withdrawn from the polluted air environment.

  13. Prediction of Interfacial Tensions of Reservoir Crude Oil and Gas Condensate Systems

    DEFF Research Database (Denmark)

    Zuo, You-Xiang; Stenby, Erling Halfdan

    1998-01-01

    In this work, the linear gradient theory (LGT) model, the simplified linear gradient theory (SLGT) model, the corresponding-states (CS) correlation, and the parachor method developed by the authors were extended to calculate interfacial tensions (IFT's) of crude oil and gas condensate systems...... model and the parachor model. For gas condensate systems, the predictions by use of the SLGT model are in good agreement with the measured IFT data. In the near-critical region, a correlation was proposed for estimations of IFT’s for CO2/oil systems, and satisfactory correlated results were obtained....... the CS correlation were in good agreement with the measured IFT data for several crude oil and CO2/oil systems. The SLGT model and the parachor model perform better than the LGT model and the CS correlation. For N 2 volatile oil systems, the performance of the LGT model is better than that of the SLGT...

  14. Oil Prices, Credit Risks in Banking Systems, and Macro-Financial Linkages across GCC Oil Exporters

    Directory of Open Access Journals (Sweden)

    Saleh Alodayni

    2016-11-01

    Full Text Available This paper assesses the effect of the recent 2014–2015 oil price slump on the financial stability in the Gulf Cooperation Council (GCC region. The first objective of this paper is to assess how oil price shock propagates within the macroeconomy and how the macro shocks transmit to GCC banks’ balance sheets. This part of the paper implements a System Generalized Method of Moments (GMM and a Panel Fixed Effect Model to estimate the response of nonperforming loans (NPLs to its macroeconomic determinants. The second objective of this paper is to assess any negative feedback effects between the GCC banking systems and the economy. The paper, therefore, implements a Panel VAR model to explore the macro-financial linkages between GCC banking systems and the real economy. The results indicate that oil price, non-oil GDP, interest rate, stock prices, and housing prices are major determinants of NPLs across GCC banks and the overall financial stability in the region. Credit risk shock tends to propagate disturbances to non-oil GDP, credit growth, and stock prices across GCC economies. A higher level of NPLs restricts banks’ credit growth and can dampen economic growth in these economies. The results support the notion that disturbances in banking systems lead to unwanted economic consequences for the real sector.

  15. Measurement of H2S in Crude Oil and Crude Oil Headspace Using Multidimensional Gas Chromatography, Deans Switching and Sulfur-selective Detection.

    Science.gov (United States)

    Heshka, Nicole E; Hager, Darcy B

    2015-12-10

    A method for the analysis of dissolved hydrogen sulfide in crude oil samples is demonstrated using gas chromatography. In order to effectively eliminate interferences, a two dimensional column configuration is used, with a Deans switch employed to transfer hydrogen sulfide from the first to the second column (heart-cutting). Liquid crude samples are first separated on a dimethylpolysiloxane column, and light gases are heart-cut and further separated on a bonded porous layer open tubular (PLOT) column that is able to separate hydrogen sulfide from other light sulfur species. Hydrogen sulfide is then detected with a sulfur chemiluminescence detector, adding an additional layer of selectivity. Following separation and detection of hydrogen sulfide, the system is backflushed to remove the high-boiling hydrocarbons present in the crude samples and to preserve chromatographic integrity. Dissolved hydrogen sulfide has been quantified in liquid samples from 1.1 to 500 ppm, demonstrating wide applicability to a range of samples. The method has also been successfully applied for the analysis of gas samples from crude oil headspace and process gas bags, with measurement from 0.7 to 9,700 ppm hydrogen sulfide.

  16. A study of the effects of crude oil pollution and oil-degrading bacteria on some biochemical and growth factors of Zea mays

    Directory of Open Access Journals (Sweden)

    Batoul Keramat

    2014-08-01

    Full Text Available Bacteria-Plant systems for bioremediation of oil polluted sites are one of the most effective approaches of biotechnology in the recent years. It is well known that oil pollution induces oxidative stress in plants. In this research, the effects of crude oil pollution on Zea mays and bioremediation by synergism between plant and crude oil degrading bacteria, four different treatments were designed. Some physiological and microbial factors were assayed for determining the effects of oil pollution. The results showed that 1% crude oil in soil shoot, dry weight was reduced and the amount of phenolic compounds increased. With crude oil and Pseudomonas aeruginosa bacterium, shoot dry weight, chlorophyll (a, total chlorophyll and anthocyanins decreased wherase phenolic compounds, malodialdehyde and catalase enzyme activity increased. With 1% crude oil and Acinetobacter calcoaceticus bacterium, significant changes were seen in the parameters of growth. Photosynthetic pigment did not increase whereas anthocyanin, phenolic compounds, malodialdehyde and catalase activity increased. White Crude oil and the presence of both bacteria shoot dry weight and chlorophyll levels decreased and increased levels of anthocyanin and malon-dialdehyde were observed. Addition of oil to the soil, increased the numbers of crude oil degrading bacteria and heterotrophic bacteria but crude oil were removed from soil by biodegradation. By application of bacterial-plant systems in the field, industrial wastes from refinery and biochemical factories could be removed oppropriately.

  17. Joule-heated graphene-wrapped sponge enables fast clean-up of viscous crude-oil spill

    Science.gov (United States)

    Ge, Jin; Shi, Lu-An; Wang, Yong-Chao; Zhao, Hao-Yu; Yao, Hong-Bin; Zhu, Yin-Bo; Zhang, Ye; Zhu, Hong-Wu; Wu, Heng-An; Yu, Shu-Hong

    2017-05-01

    The clean-up of viscous crude-oil spills is a global challenge. Hydrophobic and oleophilic oil sorbents have been demonstrated as promising candidates for oil-spill remediation. However, the sorption speeds of these oil sorbents for viscous crude oil are rather limited. Herein we report a Joule-heated graphene-wrapped sponge (GWS) to clean-up viscous crude oil at a high sorption speed. The Joule heat of the GWS reduced in situ the viscosity of the crude oil, which prominently increased the oil-diffusion coefficient in the pores of the GWS and thus speeded up the oil-sorption rate. The oil-sorption time was reduced by 94.6% compared with that of non-heated GWS. Besides, the oil-recovery speed was increased because of the viscosity decrease of crude oil. This in situ Joule self-heated sorbent design will promote the practical application of hydrophobic and oleophilic oil sorbents in the clean-up of viscous crude-oil spills.

  18. The Role of Oil Prices in Exchange Rate Movements: The CIS Oil Exporters

    Directory of Open Access Journals (Sweden)

    Fakhri Hasanov

    2017-04-01

    Full Text Available Undoubtedly, oil prices play a crucial role in the macroeconomic performances of oil-exporting developing countries. In this regard, the exchange rate is one of the key macroeconomic indicators worthy of investigation. Existing literature shows that world oil prices play an important role in the appreciation of the exchange rates of oil-exporting developing countries. However, only a few studies have examined this issue by considering all three oil-exporting countries of the Commonwealth Independent States, namely Azerbaijan, Kazakhstan and Russia, together. In order to fill this gap and given the increasing importance of these economies in the world’s energy markets, this paper examines the role of oil prices in the movement of real effective exchange rates of the above-mentioned CIS countries. We applied the autoregressive distributed lag bounds testing method with a small sample bias correction to the data of these countries over the 2004Q1–2013Q4 period. The estimation results indicate that oil prices are certainly a main driver behind real effective exchange rate appreciation in the selected economies. Moreover, estimations show that productivity, to some extent, can also lead to the appreciation. The policy implication of this research is that an appreciation of the real exchange rate is harmful for the exports of non-oil goods and services in these countries. Since oil prices lead to the appreciation mainly through higher domestic prices, which is a result of tremendous public spending, decision-makers should reconsider the prevailing fiscal policy to make it much more counter-cyclical.

  19. Histopathological liver alterations in juvenile rabbit fish (Siganus canaliculatus) exposed to light Arabian crude oil, dispersed oil and dispersant.

    Science.gov (United States)

    Agamy, Esam

    2012-01-01

    With the heavy transport of crude oil there is an increasing risk of a major oil spill in the Gulf waters; however, there have been few studies on the impact of oil spills and subsequent remedial action on Gulf fish. The aim of the experiment was to investigate the effects of acute exposure to water soluble fraction (WAF) of light Arabian crude oil, dispersed oil and dispersant on the liver of the juvenile rabbit fish (Siganus canaliculatus), observing several histopathological biomarkers of the liver at different time points and different doses. The concentrations used (3-100 percent WAF) simulated a range of possible oil pollution events. The main alterations observed in this study include hepatocyte swelling and cytoplasmic vacuolisation, megalocytosis, coagulative dispersed necrosis, lymphocytic infiltration, melanomacrophage aggregates, spongiosis hepatis, pericholangiitis, and bile stagnosis. Treated livers showed significantly higher total index values than the control group (poil or dispersant showed significant histopathologic alterations compared with the control fish (Mann-Whitney U-test; pfish (Spearman correlation; p>0.05). The present study indicates that dispersed oil is not more toxic, to livers of juvenile rabbit fish, than crude oil or dispersant. Copyright © 2011 Elsevier Inc. All rights reserved.

  20. Isolation and Identification of Crude Oil Degrading and Biosurfactant Producing Bacteria from the Oil-Contaminated Soils of Gachsaran

    Directory of Open Access Journals (Sweden)

    Seyyedeh Zahra Hashemi

    2016-03-01

    Full Text Available Background and Objectives: Petroleum hydrocarbons are harmful to the environment, human health, and all other living creatures. Oil and its byproducts in contact with water block sunshine to phytoplanktons and thus break the food chain and damage the marine food source. This study aims to isolate the crude oil degrading and biosurfactant producing bacteria from the oil contaminated soils of Gachsaran, Iran. Materials and Methods: Isolation was performed in peptone-water medium with yeast extract. Oil displacement area, emulsification index and bacterial phylogeny using 16S rRNA analysis were studied. Results and Conclusion: Three isolates were able to degrade the crude oil. In the first day, there were two phases in the medium; after a few days, these three bacteria degraded the crude oil until there was only one phase left in the medium. One strain was selected as a superior strain by homogenizing until the medium became clear and transparent. This method confirmed that the strain produces biosurfactant. According to the morphological and biochemical tests, the strain isolated from the oil contaminated soils is a member of Bacillus subtilis, so to study the bacterial phylogeny and taxonomy of the strain, an analysis of 16S rRNA was carried out, and the phylogenic tree confirmed them. The results verified that oil contaminated soils are good source for isolation of the biosurfactant producing bacteria.

  1. Assessment of toxicological impact of light crude oil on Clarias ...

    African Journals Online (AJOL)

    Oil spillage is of critical concern in Nigeria because of the problems of pollution and associated disturbances .It is therefore necessary to study the effects of oil pollution on fish using Clarias gariepinus, a widely cultured fish species in the tropics. A short –term (96-hour), static bioassay was carried out to determine the ...

  2. Production of biodiesel from crude neem oil feedstock and its ...

    African Journals Online (AJOL)

    Due to its high acid value, the neem oil was processed via two step acid – base transesterification process. ... The results reveal the optimum conditions for biodiesel production to be ratio 1:6 of oil to methanol and 1.5 h reaction time. ... Key words: Neem, biodiesel, internal combustion, transesterification, free fatty acid.

  3. Socio–economic and environmental impact of crude oil exploration ...

    African Journals Online (AJOL)

    The results also showed an increase in the occurrence of health hazard, air/noise pollution and heightened deforestation in these communities. It is recommended that regular inspection of oil pipelines, monitoring of oil fields, adequate and timely compensation payments, provision of farm inputs including agricultural ...

  4. The third oil price surge. What's different this time?

    Energy Technology Data Exchange (ETDEWEB)

    Kesicki, Fabian [Energy Institute, University College London, 14 Upper Woburn Place, London WC1H 0HY (United Kingdom)

    2010-03-15

    The period from 2003 to 2008 was marked by an oil price increase comparable to the two oil price crises in the 1970s. This paper looks in detail at the situation of the oil price crises 30 years ago and compares them along various aspects on the demand and supply side with the recent price increase to identify similarities and differences. While both oil price crises in 1973 and 1979/1980 were ultimately caused by supply actions of members of the Organisation of Petroleum Exporting Countries (OPEC), all three oil price crises were preceded by high demand growth. Other aspects that favoured a high oil price in all three cases were low investments in new oil fields, as a consequence low spare capacity, and a weak US dollar. In addition, the recent oil price surge has been characterised by a high global refinery utilisation and refineries that did not adapt fast enough to the rising demand for lighter oil products. Moreover, broader geopolitical uncertainties, combined with risks associated with the oil trade helped push the oil price into a triple-digit zone. Speculation played only a limited and temporary role in accelerating price movements during the recent price increase. (author)

  5. The third oil price surge - What's different this time?

    Energy Technology Data Exchange (ETDEWEB)

    Kesicki, Fabian, E-mail: Fabian.Kesicki.09@ucl.ac.u [Energy Institute, University College London, 14 Upper Woburn Place, London WC1H 0HY (United Kingdom)

    2010-03-15

    The period from 2003 to 2008 was marked by an oil price increase comparable to the two oil price crises in the 1970s. This paper looks in detail at the situation of the oil price crises 30 years ago and compares them along various aspects on the demand and supply side with the recent price increase to identify similarities and differences. While both oil price crises in 1973 and 1979/1980 were ultimately caused by supply actions of members of the Organisation of Petroleum Exporting Countries (OPEC), all three oil price crises were preceded by high demand growth. Other aspects that favoured a high oil price in all three cases were low investments in new oil fields, as a consequence low spare capacity, and a weak US dollar. In addition, the recent oil price surge has been characterised by a high global refinery utilisation and refineries that did not adapt fast enough to the rising demand for lighter oil products. Moreover, broader geopolitical uncertainties, combined with risks associated with the oil trade helped push the oil price into a triple-digit zone. Speculation played only a limited and temporary role in accelerating price movements during the recent price increase.

  6. Bioremediation of crude oil contaminated soil by bioaugmentation of Pseudomonas fluorescens NS1.

    Science.gov (United States)

    Barathi, S; Vasudevan, N

    2003-09-01

    A feasibility study was conducted to evaluate the efficiency of Pseudomonas fluorescens NS1 bioaugmented to stimulate in situ bioremediation of crude oil-contaminated soil with different amendments in treatment units. Pure culture of P. fluorescens NS1 was isolated from a petroleum-contaminated soil. The rate of degradation of petroleum hydrocarbons by the indigenous soil microflora and in the presence of P. fluorescens NS1 was assessed with the addition of nutrients and bulking agents for a period of about 35 days. The study showed that addition of wheat bran as bulking agent rapidly enhanced bioremediation of crude oil-contaminated soil compared to amendments in other treatment units.

  7. Impact of Expanded North Slope of Alaska Crude Oil Production on Oil Flows in the Contiguous United States (Summary)

    Energy Technology Data Exchange (ETDEWEB)

    DeRosa, Sean e. [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Flanagan, Tatiana Paz [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States)

    2017-05-01

    Crude oil produced on the North Slope of Alaska (NSA) is primarily transported on the Trans-Alaska Pipeline System (TAPS) to in-state refineries and the Valdez Marine Terminal in southern Alaska. From the Terminal, crude oil is loaded onto tankers and is transported to export markets or to three major locations along the U.S. West Coast: Anacortes-Ferndale area (Washington), San Francisco Bay area, and Los Angeles area. North Slope of Alaska production has decreased about 75% since the 1980s, which has reduced utilization of TAPS.

  8. The Use of Biobased Surfactant Obtained by Enzymatic Syntheses for Wax Deposition Inhibition and Drag Reduction in Crude Oil Pipelines

    National Research Council Canada - National Science Library

    Zhihua Wang; Xueying Yu; Jiaxu Li; Jigang Wang; Lei Zhang

    2016-01-01

    .... In order to determine the role of drag-reducing surfactant additives in the transportation of crude oils, experiments of wax deposition inhibition and drag reduction of different oil in pipelines...

  9. The Use of Biobased Surfactant Obtained by Enzymatic Syntheses for Wax Deposition Inhibition and Drag Reduction in Crude Oil Pipelines

    National Research Council Canada - National Science Library

    Zhihua Wang; Xueying Yu; Jiaxu Li; Jigang Wang; Lei Zhang

    2016-01-01

      Crude oil plays an important role in providing the energy supply of the world, and pipelines have long been recognized as the safest and most efficient means of transporting oil and its products...

  10. Linking hematological, biochemical, genotoxic, and behavioral responses to crude oil in the Amazon fish Colossoma macropomum (Cuvier, 1816).

    Science.gov (United States)

    Kochhann, Daiani; de Azevedo Brust, Sandra Maristher; Domingos, Fabíola Xochilt Valdez; Val, Adalberto Luis

    2013-08-01

    Despite safety protocols, crude oil extraction and transportation in the Amazon basin has a potential for inadvertent oil spills, which can impact aquatic organisms in local rivers. The objective of this study was to assess the effects of crude oil on juvenile Amazonian fish tambaqui, Colossoma macropomum, at various biological levels. Furthermore, the effect of crude oil on response to alarm substance, an important communication system in fish, was reported for the first time. Fish exposed to crude oil showed a 90 % decrease in their response to alarm substance and a 60 % decrease in swimming activity relative to control fish. Basic hematology was not affected, although an increase of 200 % of DNA damage and an increase of GST activity were observed in animals exposed to crude oil. Inverse correlations were found between genotoxicity end points and behavioral parameters, suggesting that genotoxic end points can also reflect behavioral changes.

  11. Atomic absorption techniques for determining vanadium and nickel in crude oil

    Energy Technology Data Exchange (ETDEWEB)

    Grizzle, P.L.; Wilson, C.A.; Ferrero, E.P.; Coleman, H.J.

    1977-05-01

    Four different techniques for sample preparation were evaluated for determining vanadium and nickel in crude oils by atomic absorption (AA) spectroscopy: (1) The flame-analyzed dilution method which consists of direct-flame AA analysis after diluting the sample with a suitable organic solvent; (2) the flame-analyzed, wet-ashing method in which the sample is combusted and the residue is then dissolved before flame analysis; (3) the flameless, dilution method which involves flameless AA analysis of the sample following dilution with a suitable organic solvent; and (4) the direct, flameless method in which the crude oil or residue is directly analyzed by flameless AA. The flame-analyzed dilution method yielded erratic and inaccurate analytical results for samples of crude oils as well as for a residual sample containing standard amounts of vanadium and nickel; hence, it is unsatisfactory for oil-identification. Similarly, the direct, flameless method is unsatisfactory owing to the small concentration range available for analysis (less than approximately 15 ppM). Both the flame-analyzed, wet-ashing and flameless-dilution methods yield reliable and reproducible (better than 10%) quantitative data for nickel and vanadium in crude oils and crude oil residues. Results demonstrate that the error associated with the loss of volatile metal containing compounds upon wet-ashing is within the reproducibility of the technique. Although wet-ashing may be slightly more reproducible, the flameless-dilution method is much simpler and faster and is recommended as the better of the two procedures for routine determinations of trace metals for oil identification.

  12. Does the OVX matter for volatility forecasting? Evidence from the crude oil market

    Science.gov (United States)

    Lv, Wendai

    2018-02-01

    In this paper, I investigate that whether the OVX and its truncated parts with a certain threshold can significantly help in forecasting the oil futures price volatility basing on the Heterogeneous Autoregressive model of Realized Volatility (HAR-RV). In-sample estimation results show that the OVX has a significantly positive impact on futures volatility. The impact of large OVX on future volatility has slightly powerful compared to the small ones. Moreover, the HARQ-RV model outperforms the HAR-RV in predicting the oil futures volatility. More importantly, the decomposed OVX have more powerful in forecasting the oil futures price volatility compared to the OVX itself.

  13. Oil Price Uncertainty, Transport Fuel Demand and Public Health

    Science.gov (United States)

    He, Ling-Yun; Yang, Sheng; Chang, Dongfeng

    2017-01-01

    Based on the panel data of 306 cities in China from 2002 to 2012, this paper investigates China’s road transport fuel (i.e., gasoline and diesel) demand system by using the Almost Ideal Demand System (AIDS) and the Quadratic AIDS (QUAIDS) models. The results indicate that own-price elasticities for different vehicle categories range from −1.215 to −0.459 (by AIDS) and from −1.399 to −0.369 (by QUAIDS). Then, this study estimates the air pollution emissions (CO, NOx and PM2.5) and public health damages from the road transport sector under different oil price shocks. Compared to the base year 2012, results show that a fuel price rise of 30% can avoid 1,147,270 tonnes of pollution emissions; besides, premature deaths and economic losses decrease by 16,149 cases and 13,817.953 million RMB yuan respectively; while based on the non-linear health effect model, the premature deaths and total economic losses decrease by 15,534 and 13,291.4 million RMB yuan respectively. Our study combines the fuel demand and health evaluation models and is the first attempt to address how oil price changes influence public health through the fuel demand system in China. Given its serious air pollution emission and substantial health damages, this paper provides important insights for policy makers in terms of persistent increasing in fuel consumption and the associated health and economic losses. PMID:28257076

  14. US crude oil, natural gas, and natural gas liquids reserves 1996 annual report

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-12-01

    The EIA annual reserves report series is the only source of comprehensive domestic proved reserves estimates. This publication is used by the Congress, Federal and State agencies, industry, and other interested parties to obtain accurate estimates of the Nation`s proved reserves of crude oil, natural gas, and natural gas liquids. These data are essential to the development, implementation, and evaluation of energy policy and legislation. This report presents estimates of proved reserves of crude oil, natural gas, and natural gas liquids as of December 31, 1996, as well as production volumes for the US and selected States and State subdivisions for the year 1996. Estimates are presented for the following four categories of natural gas: total gas (wet after lease separation), nonassociated gas and associated-dissolved gas (which are the two major types of wet natural gas), and total dry gas (wet gas adjusted for the removal of liquids at natural gas processing plants). In addition, reserve estimates for two types of natural gas liquids, lease condensate and natural gas plant liquids, are presented. Also included is information on indicated additional crude oil reserves and crude oil, natural gas, and lease condensate reserves in nonproducing reservoirs. A discussion of notable oil and gas exploration and development activities during 1996 is provided. 21 figs., 16 tabs.

  15. Mineralization of a Malaysian crude oil by Pseudomonas sp. and Achromabacter sp. isolated from coastal waters

    Energy Technology Data Exchange (ETDEWEB)

    Ahmad, J.; Ahmad, M.F.

    1995-12-31

    Regarded as being a potentially effective tool to combat oil pollution, bioremediation involves mineralization, i.e., the conversion of complex hydrocarbons into harmless CO{sub 2} and water by action of microorganisms. Therefore, in achieving optimum effectiveness from the application of these products on crude oil in local environments, the capability of the bacteria to mineralize hydrocarbons was evaluated. The microbial laboratory testing of mineralization on local oil degraders involved, first, isolation of bacteria found at a port located on the west coast of Peninsular Malaysia. Subsequently, these bacteria were identified by means of Biomereux`s API 20E and 20 NE systems and later screened by their growth on a Malaysian crude oil. Selected strains of Pseudomonas sp. and Achromabacter sp. were then exposed individually to a similar crude oil in a mineralization unit and monitored for 16 days for release of CO{sub 2}. Pseudomonas paucimobilis was found to produce more CO{sub 2} than Achromobacter sp. When tested under similar conditions, mixed populations of these two taxa produced more CO{sub 2} than that produced by any individual strain. Effective bioremediation of local crude in Malaysian waters can therefore be achieved from biochemically developed Pseudomonas sp. strains.

  16. Highly-efficient enzymatic conversion of crude algal oils into biodiesel.

    Science.gov (United States)

    Wang, Yao; Liu, Jin; Gerken, Henri; Zhang, Chengwu; Hu, Qiang; Li, Yantao

    2014-11-01

    Energy-intensive chemical conversion of crude algal oils into biodiesel is a major barrier for cost-effective algal biofuel production. To overcome this problem, we developed an enzyme-based platform for conversion of crude algal oils into fatty acid methyl esters. Crude algal oils were extracted from the oleaginous microalga Nannochloropsis oceanica IMET1 and converted by an immobilized lipase from Candida antarctica. The effects of different acyl acceptors, t-butanol as a co-solvent, oil to t-butanol ratio, oil to methanol ratio, temperature and reaction time on biodiesel conversion efficiency were studied. The conversion efficiency reached 99.1% when the conversion conditions were optimized, i.e., an oil to t-butanol weight ratio of 1:1, an oil to methanol molar ratio of 1:12, and a reaction time of 4h at 25°C. The enzymatic conversion process developed in this study may hold a promise for low energy consumption, low wastewater-discharge biochemical conversion of algal feedstocks into biofuels. Published by Elsevier Ltd.

  17. Comprehensive analysis of lipid composition in crude palm oil using multiple lipidomic approaches.

    Science.gov (United States)

    Cheong, Wei Fun; Wenk, Markus R; Shui, Guanghou

    2014-05-20

    Palm oil is currently the leading edible oil consumed worldwide. Triacylglycerol (TAG) and diacylglycerol (DAG) are the dominant lipid classes in palm oil. Other lipid classes present in crude palm oil, such as phospholipids and galactolipids, are very low in abundance. These low-abundance lipids constitute key intermediates in lipid biosynthesis. In this study, we applied multiple lipidomic approaches, including high-sensitivity and high-specificity multiple reaction monitoring, to comprehensively quantify individual lipid species in crude palm oil. We also established a new liquid chromatography-coupled mass spectrometry method that allows direct quantification of low-abundance galactolipids in palm oil without the need for sample pretreatment. As crude palm oil contains large amounts of neutral lipids, our direct-detection method circumvents many of the challenges encountered with conventional lipid quantification methods. This approach allows direct measurement of lipids with no hassle during sample preparation and is more accurate and precise compared with other methods. Copyright © 2014. Published by Elsevier Ltd.

  18. The Application of Neural Networks in Balancing Production of Crude Sunflower Oil and Meal

    Directory of Open Access Journals (Sweden)

    Bojan Ivetic

    2014-08-01

    Full Text Available The aim of the research is to predict specific output characteristics of half finished goods (crude sunflower oil and meal on the basis of specific input variables (quality and composition of sunflower seeds, with the help of artificial neural networks. This is an attempt to predict the amount much more precisely than is the case with technological calculations commonly used in the oil industry. All input variables are representing the data received by the laboratory, and the output variables except category % of oil which is obtained by measuring the physical quantity of produced crude sunflower oil and sunflower consumed quantity of the processing quality. The correct prediction of the output variables contributes to better sales planning, production of sunflower oil, and better use of storage. Also, the correct prediction of technological results of the quality of crude oil and meal provides timely response and also preventing getting rancid and poor-quality oil, timely categorizing meal, which leads to proper planning and sales to the rational utilization of storage space, allows timely response technologists and prevents the growth of microorganisms in the meal.

  19. Molecular modeling of interactions between heavy crude oil and the soil organic matter coated quartz surface.

    Science.gov (United States)

    Wu, Guozhong; Zhu, Xinzhe; Ji, Haoqing; Chen, Daoyi

    2015-01-01

    Molecular dynamic (MD) simulation was applied to evaluate the mobility, diffusivity and partitioning of SARA (saturates, aromatics, resins, asphaltenes) fractions of heavy crude oil on soil organic matter (SOM) coated quartz surface. Four types of SOM were investigated including Leonardite humic acid, Temple-Northeastern-Birmingham humic acid, Chelsea soil humic acid and Suwannee river fulvic acid. The SOM aggregation at oil-quartz interface decreased the adsorption of SARA on the quartz surface by 13-83%. Although the SOM tended to promote asphaltenes aggregation, the overall mobility of SARA was significantly greater on SOM-quartz complex than on pure quartz. Particularly, the diffusion coefficient of asphaltenes and resins increased by up to one-order of magnitude after SOM addition. The SOM increased the overall oil adsorption capacity but also mobilized SARA by driving them from the viscous oil phase and rigid quartz to the elastic SOM. This highlighted the potential of SOM addition for increasing the bioavailability of heavy crude oil without necessarily increasing the environmental risks. The MD simulation was demonstrated to be helpful for interpreting the role of SOM and the host oil phase for the adsorption and partitioning of SARA molecules, which is the key for developing more realistic remediation appraisal for heavy crude oil in soils. Copyright © 2014 Elsevier Ltd. All rights reserved.

  20. Effect of crude oil contamination on the chlorophyll content and morpho-anatomy of Cyperus brevifolius (Rottb.) Hassk.

    Science.gov (United States)

    Baruah, Plabita; Saikia, Rashmi Rekha; Baruah, Partha Pratim; Deka, Suresh

    2014-11-01

    Chlorophyll plays a pivotal role in the plant physiology and its productivity. Cultivation of plants in crude oil contaminated soil has a great impact on the synthesis of chlorophyll pigment. Morpho-anatomy of the experimental plant also shows structural deformation in higher concentrations. Keeping this in mind, a laboratory investigation has been carried out to study the effect of crude oil on chlorophyll content and morpho-anatomy of Cyperus brevifolius plant. Fifteen-day-old seedling of the plant was planted in different concentrations of the crude oil mixed soil (i.e., 10,000, 20,000, 30,000, 40,000, and 50,000 ppm). A control setup was also maintained without adding crude oil. Results were recorded after 6 months of plantation. Investigation revealed that there is a great impact of crude oil contamination on chlorophyll content of the leaves of the experimental plant. It also showed that chlorophyll a, chlorophyll b, and total chlorophyll content of leaves grown in different concentrations of crude oil were found to be lower than those of the control plant. Further, results also demonstrated that chlorophyll content was lowest in the treatment that received maximum dose of crude oil. It also showed that chlorophyll content was decreased with increased concentration of crude oil. Results also demonstrated that there was a reduction in plant shoot and root biomass with the increase of crude oil concentration. Results also revealed that the shoot biomass is higher than root biomass. Morphology and anatomy of the experimental plant also show structural deformation in higher concentrations. Accumulation of crude oil on the cuticle of the transverse section of the leaves and shoot forms a thick dark layer. Estimation of the level of pollution in an environment due to oil spill is possible by the in-depth study of the harmful effects of oil on the morphology and anatomy and chlorophyll content of the plants grown in that particular environment.