We measure oil production in barrels (barrel is a volume). The volume of oil, when it is processed through a refinery, can increase because the density becomes lower. When we get more barrels out of the refinery than what we get out of the well this is called …1 pointBonus oilLower density gainsLiquid petroleum gasRefiners’ marginRefinery processing gains
Question
We measure oil production in barrels (barrel is a volume). The volume of oil, when it is processed through a refinery, can increase because the density becomes lower. When we get more barrels out of the refinery than what we get out of the well this is called …1 pointBonus oilLower density gainsLiquid petroleum gasRefiners’ marginRefinery processing gains
Solution
The correct answer is "Refinery processing gains". This term refers to the volume increase that occurs when crude oil is processed and refined. The process involves breaking down the crude oil into its various components, which can result in a lower density and therefore a larger volume.
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