Sentences with phrase «crude oil grades»

Not exact matches

With much of the world's accessible, light crude of this sort now exhausted, more and more of the oil we consume comes from heavy grades (the so - called bitumen derived from oilsands being among the heaviest) that require more refining and therefore entail higher emissions and other undesirable byproducts.

Prices of WTI crude oil, the benchmark grade for North America, have averaged $ 97.40 a barrel over the last year, 15 % higher than the five year average.

But a majority of Americans, Republican lawmakers and construction union members welcomed the prospect of boosting reliance on a firm U.S. ally for new supplies of the heavy crude, which would be shipped by a pipeline built largely in this country and processed at Gulf Coast refineries uniquely capable of dealing with the low - grade oil.

In addition, U.S. Gulf Coast refineries that Keystone XL will feed are designed to run heavy crude, such as Alberta's, as opposed to the light - grade oil from the shale formations.

While the official goal of the new futures contract is to establish a regional benchmark for more useful pricing of the crude grades prevalent on the Chinese market, analysts see the yuan oil futures as a step toward China seeking wider acceptance of its currency in global trade, including the oil trade, and establishing a petro - yuan that could challenge, in the future, the dominance of the petrodollar.

It holds significant long - term potential as a market for western Canadian crude oil, particularly heavy grades.»

In mid-2014, crude oil prices were about $ 100, depending on which grade you wanted to buy.

«Sour grades are not in good shape worldwide» and neither are Urals, said a European crude oil trader, who asked not to be identified as he is forbidden from speaking publicly.

He said that, with more than 100 different blends or grades of crude oil each with its own carbon content, the EPA should not use an «average crude oil» as a standard of comparison.

Oil prices, yesterday, resumed their free fall, with Brent crude, similar to Nigeria's sweet crude grade, falling 2.6 per cent to $ 31.34 a barrel following a 10 per cent rise on Friday, while U.S. oil shed 95 cents to $ 31.Oil prices, yesterday, resumed their free fall, with Brent crude, similar to Nigeria's sweet crude grade, falling 2.6 per cent to $ 31.34 a barrel following a 10 per cent rise on Friday, while U.S. oil shed 95 cents to $ 31.oil shed 95 cents to $ 31.24.

On July 6, 2013, a catastrophic railroad accident involving a U.S. railroad company occurred in Lac - Mégantic, Quebec, Canada, when an unattended freight train transporting petroleum crude oil rolled down a descending grade and subsequently derailed.

West Texas Intermediate (WTI): The Benchmark of the U.S. Crude industry, WTI is a grade of crude oil, based on its Sulphur content, that is deliverable against the NYMEX, light, sweet crude futures contCrude industry, WTI is a grade of crude oil, based on its Sulphur content, that is deliverable against the NYMEX, light, sweet crude futures contcrude oil, based on its Sulphur content, that is deliverable against the NYMEX, light, sweet crude futures contcrude futures contract.

The contract grade for delivery on futures contracts made under these rules shall be Crude Soybean Oil which conforms to the following specifications:

For example, WTI Crude Oil contracts at CME Group is for 1,000 barrels of a grade of crude oil known as «light, sweet» which refers to the amount of hydrogen sulfide and carbon dioxide the crude oil contCrude Oil contracts at CME Group is for 1,000 barrels of a grade of crude oil known as «light, sweet» which refers to the amount of hydrogen sulfide and carbon dioxide the crude oil contaiOil contracts at CME Group is for 1,000 barrels of a grade of crude oil known as «light, sweet» which refers to the amount of hydrogen sulfide and carbon dioxide the crude oil contcrude oil known as «light, sweet» which refers to the amount of hydrogen sulfide and carbon dioxide the crude oil contaioil known as «light, sweet» which refers to the amount of hydrogen sulfide and carbon dioxide the crude oil contcrude oil contaioil contains.

Corporate debts to speculative grade companies that are negatively affected by falling crude oil and commodity prices.

In an interview with The Globe and Mail editorial board, David Collyer, president of the Canadian Association of Petroleum Producers, said the Keystone XL line is needed to connect the Alberta oil sands with refiners who have invested billions of dollar to upgrade their plants so that they can process heavy grades of crude.

Western Canadian Select, the benchmark for tar sands oil, trades at a discount to U.S. crude because it is lower - grade oil that's bought and sold in Hardisty, Alberta, far from U.S. refinery customers.

None of these approaches has been completely successful because they are all being compared to the cheapest, most easily processed, and most energy dense liquid fuel known in the history of mankind — high - grade crude oil.

3, no. 20 (21 June 2005), pp. 429 — 35; U.S. Department of Energy (DOE), «World Crude Oil Prices,» and «U.S.. All Grades All Formulations Retail Gasoline Prices,» at tonto.eia.doe.gov, viewed 31 July 2007; USDA, Production, Supply and Distribution, electronic database, at www.fas.usda.gov/psdonline, updated 12 May 2009; USDA, Feedgrains Database, electronic database at www.ers.usda.gov/Data/feedgrains, updated 19 May 2009.

We are thus at the same or lower significance level of 0.25 % because we may be accelerating AGW by this decision to use lower grades of fossil fuel to produce the equivalent amount of crude oil.