This document provides an overview of reservoir fluid properties and phase behavior. It discusses that reservoir fluids are mixtures of hydrocarbons and other components like water and gases. It explains the molecular structures of hydrocarbon components and defines terms like C1, C7+. The document covers phase behavior of single-component and multi-component systems using pressure-volume and pressure-temperature diagrams. It illustrates concepts of vapor pressure curves, critical points, and phase envelopes which define the different states that reservoir fluids can exist in based on temperature and pressure conditions.