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British Burma exported its first barrel of crude oil in 1853. The London-based Burmah Oil Company (BOC) was established in 1871 and began production in the 

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7 Jan 2019 In 2018, surging crude production in the Canadian province ran into limited province-wide 8.7 per cent production cut to keep prices from falling further. refineries already produce more refined fuels — including gasoline,  6 Jan 2015 Crude oil needs to be refined in order to transform it into a range of expensive than crude oil, because their price includes refining costs.

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The first thing that happens to crude oil is that it is fractionally distilled, although modern technology has caused a shift to chemical distillation, by using high-tech chemical processes and reactions to separate the different grades of hydrocarbons (although in some cases they want to combine hydrocarbons, a process known as unification).

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Date, Open, High, Low, Close, Volume, Change (%). Mar 17, 2020, 20487, 21379, 19882, 21237, 7,926,276, +1048.86(+5.20%). Mar 16, 2020, 20918, 21768  Stay up to date with major market indices, exchange rates and futures. Dow Jones, Nasdaq, S&P 500, NYSE, USD index, Gold Fix and Latest Market News.

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