Definitions for "CRUDE OIL"
Oil in its natural state of composition. "Crude" is classified according to its physical properties: a. Paraffin Based, b. Asphaltic Based, c. Mixed Based.
Unrefined petroleum, i.e., oil as it comes from the well.
A mixture of comparatively volatile liquid hydrocarbons that occurs in the Earth's crust and is extracted for use as fuel and various petroleum products. Typically, crude oil contains, in various percentages, a mixture of naphtha, kerosene, middle distillates and fuel oils.