Sentences with phrase «cheap crude»

It stayed at lower, post-oil-shock levels for about two decades until the advent of sport - utility vehicles, which exploited a prolonged period of cheap crude prices.

Some of the cheapest gas prices in the country typically appear in the Rocky Mountain region due to cheaper crude prices and refinery costs — and most of the state's oil is sourced locally or in nearby states, according to the U.S. Energy Administration.

Eastern Canadian refineries geared to light grades are buying more cheap crude from North Dakota and Texas in place of costly crude they were previously buying from Algeria and the U.K. (How do you suppose those rail cars ended up in Lac Megantic?)

For example, refining margins tend to expand when oil prices decline as the savings refiners reap from using cheaper crude to make gasoline and other products aren't immediately passed on to consumers at the pump.

In the first half of 2015, shipping rates for the some of the largest tankers transporting oil to Asia peaked at just above $ 90,000 a day, as countries like China stockpiled cheap crude.

China does not release a lot of data regarding the specifics of its SPR, but oil imports have spiked over the past year — China has been taking advantage of cheap crude to build up its strategic stockpile.

It should also be noted that while experts say it is still too early to gauge the impact of an oil price collapse on the future of renewables they also say the advantageous impact of cheaper crude will be felt much more in road transport than in electricity generation.

This was far from the first time that OPEC's demise has been proclaimed in its 56 - year history, and the oil exporters» group itself may yet enjoy a long life in the era of cheap crude.