1. The word "petroleum" literally translates as "rock oil". It stems from the Greek word "petra", meaning rock, and the Latin word "oleum", meaning oil.
2. Petroleum products are usually grouped into three categories: light distillates (LPG, gasoline, naphtha), middle distillates (kerosene, diesel), heavy distillates and residuum (heavy fuel oil, lub...
Since the latest figures from the Sutherland Tables, an independent provider of comparative home heating costs for the most widespread fuels in the UK showed that the price of oil had fallen for the fourth quarter in a row, Fuel Oil News have stated that the Federation of Petroleum Suppliers is urging customers to buy now.
“Oil prices have tumbled once more, making oil heating the ch...