Petroleum industry
The petroleum industry includes the global processes of exploration, extraction, refining, transporting (often by oil tankers and pipelines), and marketing petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol).
Petroleum Industry Media
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World oil reserves as of 2013
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Oil Field in Baku, Azerbaijan, 1926
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Oil wells in Boryslav
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Galician oil wells
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Net income of the global oil and gas industry reached a record US$4 trillion in 2022.
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After recovering from the COVID-19 pandemic, energy company profits increased with greater revenues from higher fuel prices resulting from the Russian invasion of Ukraine, falling debt levels, tax write-downs of projects shut down in Russia, and backing off from earlier plans to reduce greenhouse gas emissions.
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World crude oil production from wells (excludes surface-mined oil, such as from Canadian heavy oil sands), 1930–2012
Total North American active oil wells, 2012-present.
