Crude Oil or Petroleum, is simply unprocessed oil found deep beneath the earthâ€™s surface.Natural gas is one of the cleanest, safest, and most useful forms of energy in our daily lives.
Enegy Commodities Includes Two Major Commodities 1 Crude Oil and 2. Natural Gas.
Crude oilÂ is the term for “unprocessed” oil, the stuff that comes out of the ground. It is also known aspetroleum. Crude oil is aÂ fossil fuel, meaning that it was made naturalÂly from decaying plants and animals living in ancient seas millions of years ago — most places you can find crude oil were once sea beds.Â Crude oils vary in color, from clear to tar-black,Â and in viscosity, from water to almost solid.
Natural gasÂ is a naturally occurringÂ hydrocarbonÂ gasÂ mixture consisting primarily ofÂ methane, with up to 20Â %of other hydrocarbons as well as impurities in varying amounts such asÂ carbon dioxide. Natural gas is widely used as an important energy source in many applications including heating buildings, generating electricity, providing heat and power to industry, as fuel for vehicles and as a chemical feedstock in the manufacture of products such asÂ plasticsÂ and other commercially importantÂ organic chemicals..
Crude Oil :
|Crude Oil Market Influencing Factors|
Natural Gas :
|Natural Gas Â Market Influencing Factors|
MCX is World No.2 in Natural Gas and No.3 in Crude Oil Futures Derivatives
New York Mercantile Exchange (NYMEX), runs the world’s most Crude Oil and liquid natural gas derivative market.