Crude oil and natural gas are important trading products in market transactions. Small partners often consult Forexclub in the background about the differences and uses of crude oil and natural gas. Today's article is to communicate and research with small partners.
In fact, in Forexclub's view, the extraction methods, sources and uses of crude oil and natural gas are almost the same, but there are slight differences in the scope of application and transportation.
Crude oil and natural gas are both derivatives of the earth's interior from the remains of dead organisms.
Extraction methods that extract the same crude oil and natural gas are extracted from special oil wells. The gas produced during oil extraction is called associated gas. After additional processing, it can also be used for its intended purpose.
The uses of the same crude oil and natural gas are mainly used as fuel. Petroleum is used to make gasoline and petroleum products. The gas is used to heat the power plant. Petroleum is also used to make plastics, which are irreplaceable in modern society.
The transportation of different oils and natural gas is basically carried out by pipelines or special tankers. The difference is that oil can also be transported by rail in special tanks.
In fact, in Forexclub's view, there is almost no difference between these two fossil fuels. Because oil and gas exchange contracts are often compared to each other, their offers are often directly related.