Among them, in 25, Saudi Arabia produced 526 million tons of oil, ranking first in the world, exported 43 million tons of oil, and the remaining recoverable reserves were 36.3 billion tons (accounting for 26% of the world's reserves), all of which ranked first in the world.
Extended information:
Petroleum refers to a mixture of gaseous, liquid and solid hydrocarbons with natural occurrence. Oil is divided into crude oil, natural gas, natural gas liquid and natural tar, but it is customary to use "oil" as the definition of "crude oil".
petroleum is a thick, dark brown liquid, which is called "industrial blood". There are oil reserves in some parts of the upper crust.
The main components are mixtures of alkanes, cycloalkanes and aromatic hydrocarbons. It is one of the main targets of geological exploration.
The oil-forming mechanism of petroleum has two theories, namely, bio-deposition-to-oil and petrified oil. The former is widely accepted, and it is believed that petroleum is formed by the long evolution of organisms in ancient oceans or lakes, which belongs to bio-deposition-to-oil and cannot be regenerated. The latter thinks that oil is generated by carbon in the earth's crust, which has nothing to do with living things and is renewable.
Petroleum is mainly used as fuel oil and gasoline, and it is also the raw material of many chemical industrial products, such as solutions, fertilizers, pesticides and plastics.
ancient Egypt and ancient Babylonians exploited and utilized oil a long time ago. The Chinese name "Petroleum" was first named by Shen Kuo, a scientist in the Northern Song Dynasty.
oil price is closely related to the global macroeconomic situation, so oil price is a key price. Some economists say that high oil prices have a negative impact on global economic growth. Although high oil prices are generally believed to be caused by economic growth, it shows that the relationship between them is very unstable.
Because oil price reflects the pricing power of the countries where the spot and futures markets are located, the meaning of oil price is different in different periods. For example, the oil price statistics used by BP Company were the average price of the United States from 1861 to 1944, the price of Arabian light oil from 1945 to 1983, and the spot price of Brent from 1983 to 28.
By oil price fluctuation, we mainly refer to the forward price changes in new york and London futures markets. In wartime, oil is often used as a "weapon".
For example, during World War II, the United States imposed an embargo on Japan. Isoroku Yamamoto planned to sneak attack on Pearl Harbor in the United States, in order to destroy the US naval forces in the Pacific Ocean, so as to ensure Japanese oil supply and transportation lines from Southeast Asia.
during the oil crisis, OPEC used oil as a weapon to fight back against western countries, which led to the oil crisis and became the fuse of stagflation in western economies. After the end of the cold war, the era of globalization came.
oil has returned to its commodity nature. In short, under the environment of peace and development, the political attribute of oil is weakened, the economic attribute becomes the normal state, the financial attribute becomes more and more obvious, and the oil price fluctuation becomes a financial phenomenon.
It should be noted that the "oil price" we usually hear broadcast is generally the real-time price in new york and London futures markets, while the oil price used for post-event statistics and research is generally the transaction price in the spot market.