oil glut
11980s oil glut — The 1980s oil glut was a surplus of crude oil caused by falling demand following the 1973 and 1979 energy crises. The world price of oil, which had peaked in 1979 at over US$35 per barrel, collapsed in 1986 from $27 to below $10. [cite news title …
2Oil depletion — per major producing country. This model assumes world oil depletion remains constant at the 2004 level of 80 million barrels per day.[1] However, world oil depletion is currently (as of 2008) at 85 million barrels per day …
3glut — [ glʌt ] noun singular an available amount of something that is more than people want or need: an oil glut glut of: a glut of cars on the market ╾ glut verb transitive …
4Oil & Gas UK — Abbreviation (former UKOOA) Motto The Voice of the Offshore Industry Formation April 2007 Legal status Non profit company Purpose/focus Offshore oil …
5Oil and Natural Gas Corporation — Limited Type State owned enterprise Public Traded as NSE:  …
6glut — ▪ I. glut glut 1 [glʌt] noun [countable usually singular] COMMERCE a supply of something that is more than is needed, caused by producing too much of it: • A world wide glut of memory chips should prevent prices from rising. • OPEC cut production …
7glut — [[t]glʌ̱t[/t]] gluts, glutting, glutted 1) N COUNT: usu sing, usu with supp If there is a glut of something, there is so much of it that it cannot all be sold or used. There s a glut of agricultural products in Western Europe. ...a world oil glut …
8Oil shale — For the scientific technical journal, see Oil Shale (journal). Not to be confused with Shale oil or Tight oil. Oil shale Sedimentary Rock Combustion of oil shale Composition …
9Oil sands — The Athabasca oil sands in Alberta, Canada, are a very large source of bitumen, which can be upgraded to synthetic crude oil. Bituminous sands, colloquially known as oil sands or tar sands, are a type of unconventional petroleum deposit. The… …
10Oil well — The pumpjack, such as this one located south of Midland, Texas, is a common sight in West Texas. An oil well is a general term for any boring through the earth s surface that is designed to find and acquire petroleum oil hydrocarbons. Usually… …
