overview

The Oil Industry

The oil industry, also known as the petroleum or oil and gas industry, is a global industry that involves the discovery, extraction, refining, transportation, and marketing of crude oil, natural gas, and petroleum products. It’s a vital part of the global economy, influencing manufacturing, electricity, and transportation. 

The oil industry is capital intensive, requiring expensive equipment and highly skilled labor. Drilling depths, weather conditions, rock hardness, and the distance of the site can all affect how long it takes to drill. 

 

Upstream

Exploration involves multiple activities, from acquiring land rights to conducting geological surveys, and digging exploratory wells to look for reserves of oil and gas. It is a high-risk activity for organisations, as it is very expensive and those costs are only truly recouped if the exploration is successful. 

Production covers the extraction of the natural resource from the ground. This covers drilling wells (either onshore of offshore), or fracking.

Midstream

These processes come between upstream and downstream processes. Midstream works cover the initial processing, storage, and transportation of the materials to sites for further refining. 

These processing works take the raw oil – which is a mixture of oil, natural gas, and natural gas liquids  and separate these components out, a process which also results in water being produced. which is then recycled or disposed

 

Downstream

These processes are the final step in the path that oil and gas take from being in the ground to being in the hands of consumers. The first step in downstream works, therefore, is refining. Crude oil is refined using fractional distillation into a variety of products, including gasoline, naphtha, kerosene, and diesel oil. 

Processing natural gas is a much more complex process, involving multiple chemical reactions to create various end gas products 

EN590 10ppm

Summary

EN590 Diesel (10PPM) ULSD is a high-quality diesel fuel that meets stringent environmental standards due to its ultra-low sulfur content. Its properties make it an efficient and cleaner-burning fuel for modern diesel engines. As environmental concerns continue to shape the energy landscape, EN590 Diesel (10PPM) ULSD plays a pivotal role in reducing emissions and minimizing the environmental impact of diesel-powered vehicles and machinery.

FAQ

Most frequent questions and answers

EN590 10ppm is a European standard for ultra-low sulfur diesel containing no more than 10 parts per million (ppm) of sulfur. It’s preferred for its lower environmental impact, better engine performance, and compliance with EU and international emissions regulations.

FOB (Free On Board) means the buyer takes ownership once the fuel is loaded onto their nominated vessel at the port of origin. In CIF (Cost, Insurance, and Freight), the seller covers delivery to the buyer’s port, including freight and marine insurance, and ownership transfers upon arrival.

An SGS (Société Générale de Surveillance) inspection verifies the fuel’s quality and quantity before shipment. It’s often required by buyers as independent proof that the product meets contractual specifications, especially in high-value international trades.

Legitimate deals follow strict procedures including verified documentation (LOI, SCO, POP), proof of funds or product, third-party inspections, and clear payment terms. Working through licensed brokers or direct mandates and avoiding deals with vague chains of intermediaries is essential.