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When and where was oil first discovered?
As early as BC 10 century, ancient civilizations such as ancient Egypt, Babylon and India had collected natural asphalt for construction, anticorrosion, bonding, decoration and pharmacy. The ancient Egyptians could even estimate the amount of oil oozing from oil seedlings. There are also records in cuneiform about collecting natural oil along the Dead Sea.

Extended data:

The historical cycle of modern oil;

1, 1970s: 1960, the third world oil-producing countries established the Organization of Petroleum Exporting Countries and nationalized their oil in succession. During the two oil crises, oil prices were raised. Once, after the outbreak of the fourth Middle East War, the member countries of the Organization of Petroleum Exporting Countries put forward plans to reduce prices and raise prices. On another occasion, the regime revolution broke out in Iran first, the Iran-Iraq war broke out, Iran and Iraq's oil exports were interrupted, and oil prices rose sharply.

2.80s-90s: Affected by two oil crises, the international demand for crude oil shrank. At the same time, non-OPEC crude oil producers, such as Russia and Venezuela, adopted new technologies and sustained growth in output to cope with high oil prices. Crude oil prices began to drop sharply to $ 25-35, and international oil prices entered a 20-year downturn.

3. 10 "golden age": 2 1 century, with the rapid development of China, Indian and other new economies, their demand for crude oil also showed a rapid growth trend. International oil price ushered in the "golden period" of 10, and reached the historical peak of 147 USD/barrel in July 2008.

4. Oil price dropped from 20 14 to 20 16: Iran lifted the ban: 15 After Iran lifted the ban, it sold a large number of floating positions.

5.20 17 The logic of the remarkable rebound: the demand for crude oil in the world economy has decreased, but this round of oil price decline has stimulated the demand for crude oil in OECD, and crude oil consumption in the Asia-Pacific region is still strong.

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