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In 2023–2024, the leading exporters of Petroleum (CAS 8009-03-8) were Russia, Saudi Arabia, and the United States, collectively accounting for over 40% of global exports by value; major importers included China, India, and the United States—reflecting both refining demand and strategic stockpiling. Petroleum prices have contributed to volatility in trade volumes, with export values rising sharply in 2022–2023 amid geopolitical disruptions, followed by modest volume adjustments in 2024 as key importers diversified supply sources and refined demand stabilized.
Petroleum is a naturally occurring, complex mixture of hydrocarbons—primarily aliphatic, naphthenic, and aromatic compounds—in liquid form at ambient conditions. It typically appears as a viscous, yellow-to-black, flammable liquid with a characteristic odor and variable volatility depending on its fractional composition; it has no single melting or boiling point due to its mixture nature. Classified as a fossil-derived organic chemical feedstock, petroleum serves as the foundational raw material for refining into fuels (e.g., gasoline, diesel, jet fuel) and petrochemical intermediates such as ethylene, propylene, butadiene, benzene, toluene, and xylene. These intermediates are essential in producing polymers (e.g., polyethylene, polypropylene, synthetic rubbers), solvents, lubricants, asphalt, and feedstocks for agrochemicals, pharmaceuticals, and coatings.
This chemical is included in Fine Chemicals - Cosmetics Raw Materials. See more about what is Petroleum and Petroleum SDS information.
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