What is another word for crude oil?

Pronunciation: [kɹˈuːd ˈɔ͡ɪl] (IPA)

Crude oil is a type of fossil fuel that is commonly used as a source of energy worldwide. However, there are many different synonyms for crude oil that are commonly used throughout the energy industry. Some of the most common synonyms include petroleum, black gold, Texas tea, fossil fuel, unrefined oil, and raw oil. Each of these terms can refer to crude oil in different contexts, and they are often used interchangeably. Whether you are an industry expert or just a casual observer of the energy sector, it is important to understand the different synonyms for crude oil and how they are used in various settings.

Famous quotes with Crude oil

  • If I think too much about all of those Chinese factories where all the stuff in a Wal-Mart is made, I get that woozy feeling you get when you see ducks covered in crude oil.
    Doug Coupland
  • About 75 percent of the crude oil marketed here is sold off the books, and they are doing trades that would be illegal if it was a regulated market, and of course they do not want to regulate it.
    Peter DeFazio
  • First off, the crude oil market, unlike every other commodity in America, is virtually unregulated.
    Peter DeFazio
  • In crude oil trading, we have seen a 46 percent increase over 1 year in the margins there.
    Peter DeFazio
  • A variety of factors contribute to the price of gasoline in the United States. These factors include worldwide supply, demand and competition for crude oil, taxes, regional differences in access to gasoline supplies and environmental regulations.
    Gary Miller

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