Sentences with phrase «crude oil by»

But what makes transporting Canadian crude oil by rail attractive to investors?

Since 2010, transportation of crude oil by rail in North America has grown significantly from 23.8 million barrels to 318.8 million barrels in 2015.

Demand for Canadian crude oil by US refineries will likely double from about 1.6 million bpd in 2006 to almost 3.1 million bpd by 2015.

Meanwhile back in the present, the FT reports that the US is overtaking Saudi Arabia to become the largest producer of liquid petroleum, and might even be the largest producer of crude oil by the end of the decade.

United States Oil Fund (USO), for instance, tries to track the spot price of light, sweet crude oil by buying oil - futures contracts.

[3] See Association of American Railroads» (AAR) December 2013 paper «Moving Crude Oil by Rail», available online at: https://www.aar.org/keyissues/Documents/Background-Papers/Crude-oil-by-rail.pdf.

To further enhance emergency response efforts, DOT is also recommending that railroads continue to commit resources to develop specialized crude oil by rail training and tuition assistance program for local first responders.

The emergency meeting was held to evaluate and consider wide - ranging proposals to further enhance railroad safety including the safe shipment of crude oil by rail.

PHMSA and the Federal Railroad Administration have issued several safety advisories related to the safe transport of crude oil by rail, including the recent January 2 Safety Alert and is currently engaged in the ongoing rulemaking to improve the design of the DOT 111 tank car.

«Today we are raising the bar for shipping crude oil on behalf of the families and communities along rail lines nationwide — if you intend to move crude oil by rail, then you must test and classify the material appropriately,» said DOT Secretary Anthony Foxx.

Title: DOT Issues Emergency Order Requiring Stricter Standards to Transport Crude Oil by Rail Link: https://www.transportation.gov/briefing-room/dot-issues-emergency-order -...

«We are the first to construct estimates of air pollution and greenhouse gas costs for movements of crude oil by rail and pipelines,» said Clay.

Using data of crude oil transported out of North Dakota in 2014, Muller says the team found «that air pollution and greenhouse gas costs of shipping crude oil by rail are much larger than spill and accident costs.»

Refineries separate crude oil by boiling point, which is related to density.

The increases imposed on the price of crude oil by the Organization of the Petroleum Exporting Countries (OPEC) since 1973 show how global consumption can change.

Lagos State Governor, Mr. Akinwunmi Ambode has declared that Lagos has officially joined the League of Oil Producing States in Nigeria following the discovery of crude oil by Tunde Folawiyo Petroleum Company Limited in Badagry, Lagos.

66 actions have been implemented to strengthen standards, regulations and procedures to make the transport of crude oil by rail and water in New York safer, and to improve spill preparedness and response.

The Keene town board adopted a resolution of the board last Monday evening calling on the U.S. Department of Transportation, the US Environmental Protection Agency, the NY DOT and the NY DEC to impose a moratorium on transport of Bakken Crude Oil by rail from Montreal to Albany, until a comprehensive study determines the public health, safety, economic and environmental impacts of a derailment.

Speaking at the House of Representatives in Abuja on Monday, Kachikwu also revealed that Nigeria at the moment loses 800,000 barrels of crude oil by each passing day.

When the oil embargo was lifted, the Arabs justified the rise in prices of crude oil by pointing out that inflation increased the cost of goods they had to buy from the industrial nations.

The derailment and explosions, which took place around 1:15 a.m. on Saturday, underscored a debate in the effort to transport North America's oil across long distances: is it safer and less environmentally destructive to move huge quantities of crude oil by train or by pipeline?

On the demand side, use of crude oil by Midwest refineries has been decreasing since the year 2000, as shown in the figure below:

Ben Luckock is in fact so bullish that he forecast demand could exceed supply of crude oil by 2 - 4 million bpd by the end of 2019 because of the US$ 1 - trillion in spending plans that never saw the light of day as a result of the 2014 price crash.

Not exact matches

Prime Minister Stephen Harper lent support to the 1,200 - kilometre, $ 6 - billion pipeline that would carry more than 500,000 barrels a day of crude oil from Edmonton through the Rockies to Kitimat, B.C., where it could be transported by tanker to markets in the U.S. and Asia, including China.

Its crude oil production in the Atlantic region fell by about 14 per cent due to the 10 - day suspension of its SeaRose floating production, storage and offloading vessel in January after an investigation into its response to a close call with an iceberg.

The price of oil has risen to its highest since late 2014 this month, driven by concern over the potential for disruption to Iranian crude flows, but analysts say the degree of uncertainty hanging over the deal means the market is extremely sensitive to any developments.

CALGARY, Alberta, May 2 - Alberta will hold talks with rail operators and oil producers aimed at smoothing the path to get more crude moving by rail to market amid a transportation bottleneck in the Western Canadian province, Alberta's energy minister said on Wednesday.

Brent crude oil futures were up 31 cents at $ 73.44 a barrel by 0900 GMT, after falling nearly 3 percent on Tuesday to its lowest in two weeks.

Say I'm running Esso right now, and I need to raise my price by 5 cents because the cost of crude oil went up.

Buried in statistics released by the Energy Information Administration this week indicating the United States is exporting more crude oil than it has in 15 years is a still more startling fact: «Almost all of the crude oil exported from the United States has been delivered to Canada.»

Buried in statistics released by the Energy Information Administration this week indicating the United States is exporting more crude oil than it has in 15 years is a still more

Oil transportation by rail has grown astronomically, to about 140,000 carloads of crude in 2013 from 500 carloads in 2009, according to the Railway Association of Canada.

SINGAPORE, May 3 - Oil dipped on Thursday, weighed down by swelling U.S. crude inventories and record weekly U.S. production that undermined efforts by OPEC to cut supplies, although potential new U.S. sanctions against Iran kept markets on the...

Oil futures are currently trading at $ 74.80 for Brent crude and around $ 68.69 for West Texas Intermediate (WTI), having been buoyed by OPEC and non-OPEC producers, including Russia, curbing oil productiOil futures are currently trading at $ 74.80 for Brent crude and around $ 68.69 for West Texas Intermediate (WTI), having been buoyed by OPEC and non-OPEC producers, including Russia, curbing oil productioil production.

The world's largest publicly - traded oil and gas company by market value has ridden out a collapse in crude prices better than most, its vertically - integrated model allowing downstream businesses to capture the value that upstream operations lose when oil prices are low.

Oil dipped on Thursday, weighed down by swelling U.S. crude inventories and record weekly U.S. production.

The deal, when announced last autumn, was predicated on a recovery in the oil price to $ 60 per barrel by 2019, an increase that now seems less likely with a glut of crude still circling the globe and keeping prices below $ 50.

Oil prices were steady on Thursday following a larger - than - expected increase in U.S. crude inventories: U.S. crude futures were higher by 0.04 percent at $ 67.96 per barrel and Brent crude futures for July delivery were flat at $ 73.36.

Oil prices have risen this month to their highest since late 2014, driven by concern over potential disruptions to Iranian crude flows.

In Russia, Rosneft, one of the world's biggest oil producers, said its crude production had not been affected by the outage.

U.S. crude oil inventories rose by 2.2 million barrels in the week to April 20, to 429.74 million barrels.

Brent crude oil futures were last up 74 cents, or 1 percent, at $ 74.74 a barrel by 2:29 p.m. ET.

Oh, and crude oil futures have also hit new 13 - year lows as Iran marks its return to markets by dumping millions of barrels that have been stored, sanctions - bound, for years.

Meanwhile, the 2015 repeal of a 40 - year - old ban on crude oil exports - passed by a Republican - controlled Congress and signed by former President Barack Obama - has made strategic shipments overseas possible.

Volatility, as measured by the CBOE Crude Oil Volatility Index, has fallen in 2017.

Railways, who added crude by rail capacity earlier this decade only to have the market vanish as pipeline space opened up, have been slow to move back in the oil transport business, asking producers to sign longer - term deals.

Henry Huttleston Rogers came up with the machinery by which naphtha could be separated from crude oil and was also the guy who thought of using long pipelines to transport oil instead of railway cars.

Among commodities, oil prices extended losses after being pressured by the dollar's bounce and rising U.S. crude output.

The rise in bond yields, which investors fear could hurt equities, has been partly fuelled by the spike in crude oil prices, which on Tuesday crossed $ 75, boosting energy shares.

The benchmark West Texas Intermediate (WTI) crude oil contract increased trading volume by 10 percent last month.