Petroleum, It is a mixture of hydrocarbons that exists in liquid phase in underground natural deposits., Baghdad, City where OPEC was born, Distillation, It is the most basic refining operation, Dubai, It is the most commercialized Middle Eastern crude in the spot market, produced in the United Arab Emirates., Fracking, It is a method of extraction of gas and oil that consists of subjecting the subsoil to a strong tension to fracture the rock and collect the fuel., NAFTA, It is a petroleum product that is extracted from the distillation process, Barrel, medición estándar de un volumen de crudo y gran número de productos refinados en la industria petrolera., Brent, it is ideal for the production of gasoline. It is the reference oil in the European market and one of the three main references for oil investors., WTI, Is a blend of various light and sweet US local crude oils., United States, It is the largest oil producer in the world.

OPEC

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