What are the three main segments of the oil and gas industry?
Upstream, Downstream, and Side stream
Upstream, Downstream, and Midstream
Upstream, Downstream, and Cross stream
Upstream, Downstream, and Main stream
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Which segment of the oil and gas industry is responsible for the exploration and extraction of crude oil?
Downstream
Midstream
Upstream
All of the above
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What is the term used to describe the cost of producing one barrel of oil?
Extraction Cost
Production Cost
Full-cycle cost
Operational Cost
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Which of the following companies is an example of an Indian upstream company?
BPCL
HPCL
ONGC
IOCL
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What is the primary function of downstream companies in the oil and gas industry?
Exploration and extraction of crude oil
Transportation of crude oil
Refining crude oil into usable products
Regulation of oil and gas markets
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What type of relationship exists between upstream and downstream companies in terms of oil prices?
Symbiotic
Parasitic
See-saw
Independent
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What role do midstream companies play in the oil and gas industry?
Exploration and extraction of crude oil
Refining crude oil into usable products
Transportation of crude oil from wells to refineries
Regulation of oil and gas markets
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What are the two main characteristics that differentiate various types of crude oil?
Viscosity and color
Sulfur content and density
API Gravity and sweetness
Volatility and odor
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What does API Gravity measure in crude oil?
Sulfur content
Density compared to water
Viscosity
Volatility
Qn. 9 / 14
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Which type of crude oil is considered 'sweeter'?
Crude oil with higher sulfur content
Crude oil with lower sulfur content
Crude oil with higher API Gravity
Crude oil with lower API Gravity
Qn. 10 / 14
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Which crude oil benchmark is used for trading on the MCX (Multi Commodity Exchange of India)?
Brent Crude
WTI Crude
Dubai Crude
Oman Crude
Qn. 11 / 14
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What is the impact of increasing crude oil inventory levels on crude oil prices?
Prices tend to increase
Prices tend to decrease
Prices remain stable
The impact is unpredictable
Qn. 12 / 14
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Which organization releases weekly reports on crude oil inventory levels?
International Energy Agency (IEA)
Organization of the Petroleum Exporting Countries (OPEC)
US Energy Information Administration (US EIA)
World Trade Organization (WTO)
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What type of relationship exists between the US Dollar and crude oil prices?
Direct correlation
Inverse correlation
No correlation
The relationship is unpredictable
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