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Energy Commodities: Crude Oil: This is the raw, unrefined petroleum found in the earth. Examples include Brent crude (extracted from the North Sea) and West Texas Intermediate (WTI). Natural Gas: A gaseous fossil fuel used for heating, electricity generation, and industrial processes. Coal: Another fossil fuel, primarily used for electricity generation and steel production. Oil Products: These are refined from crude oil and include: Gasoline: Used as fuel for vehicles. Diesel: Used in diesel engines. Jet Fuel: Used in aircraft. Heating Oil: Used for heating buildings. Asphalt: Used in construction. Lubricants: Used to reduce friction in machinery. LPG (Liquefied Petroleum Gas): Used for heating, cooking, and as a fuel. Petrochemicals: Chemicals derived from petroleum or natural gas, used in the production of a wide range of products. Other Related Commodities: Metals: Some metals, like aluminum, are used in the oil and gas industry, making them indirectly related. Fertilizers: Some fertilizers are made from natural gas or oil, linking them to the energy sector.
5/8/20241 min read
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