- June 23, 2025
- by Admin
- Energy and Resources
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How Crude Oil Impacts the Global Economy
Introduction to Crude Oil Crude oil, a vital natural resource, is a thick, black liquid found deep beneath the Earth’s surface, primarily composed of hydrocarbons. It is categorized into various types based on its physical characteristics, including light, medium, and heavy crude oils. The differentiation is significant as it affects the methods of extraction and…