The announced ban on tanker traffic carrying
crude oil on the north coast represents an opportunity for the government to make it impossible for all practical purposes for the Northern Gateway project to operate.
The North America oil industry is experiencing explosive growth, with transport of volatile
crude oil on rail from Bakken shale fields of Montana and North Dakota increasing more than 2000 percent in just four recent years.
The Alberta government could see to it that the energy producers refined the stuff into synthetic
crude oil on site but this is a high - cost, high - carbon asset already at some risk of becoming «stranded.»
The very low cost of natural gas, now about one - fifth the cost of
crude oil on an energy - equivalent basis, provides North America with a low - cost energy competitive advantage to rebuild our manufacturing industries.
SOHEILA SOKHANVARI, «Paradise Lost,» 2017,
crude oil on paper, 20 pieces, 38 × 38 cm each.
She called
the crude oil on paper and board Scalar, after the Italian for ladder, but a scalar, too, is an entity in math — one with zero spatial dimensions, like a further concentration of paper, walls, and room.
There is a range of automated trading software available to trade
crude oil on the various platforms used in the forex and commodity markets.
Crude oil is mostly traded in the form of Light Sweet
Crude Oil on New York Mercantile Exchange and as Brent Crude in London.
«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.
But in this case, the birds didn't have
any crude oil on their feathers, so the decrease in preening is probably a sign they're not feeling well, the researchers say.
He is also expected to speak on the growth prospects of the country, vis - a-vis the current fiscal discipline going into an election and the revised fiscal projections for this year owing to falling price of
crude oil on the international market.
Legislator Chris Allen, who represents the hamlets of Barclay Heights and Malden and the village of Saugerties, also said he is opposed to the pipeline, which he said would not lead to a reduction in the controversial shipment of
crude oil on the CSX railroad route through Saugerties and Ulster County.
«Similarly the patrol team deployed by NNS DELTA arrested 4 persons onboard a Cotonou boat laden with suspected stolen
crude oil on the Forcados River.
The Futures Now team discusses
crude oil on the move, with Jim Iuorio, TJM Institutional Services, and Jeff Killburg, KKM Financial.
Not exact matches
Andurand, who runs
oil hedge fund Andurand Capital Management LLP, wrote in a string of tweets
on Sunday that companies may be less willing to risk investment in long term
oil projects because of low
crude barrel prices and a predicted peak in electric vehicle demand.
Brent
crude oil futures were last up 12 cents at $ 73.98 a barrel at 0937 GMT, some 2 percent below the November - 2014 high of $ 75.47 reached
on Tuesday.
With the ability to refine and upgrade
crude in Canada and 75,000 barrels per day of committed capacity
on the existing Keystone pipeline, Husky says it can grow its heavy
oil production without exposure to the WCS - WTI discounts until at least 2021.
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.
In the face of low
crude oil prices, the company focused
on natural gas, which had stronger rates.
The incident might result in restrictions
on using rail to transport
oil, which could increase the price discount for Canadian
crude.
A lot has changed in
crude oil markets in North America in the last few years, and these changes have had significant impacts
on the value of Western Canadian
crude production.
Bets
on rising
crude prices are close to a near - record high,» PVM
Oil Associates strategist Stephen Brennock said.
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.
NEW YORK, April 23 - Global benchmark Brent
crude turned positive
on Monday, after dropping earlier after Iran's
oil minister said OPEC would not extend its production cap pact if high
crude oil prices continued.
CNBC's Michelle Caruso - Cabrera reports
on new highs for
crude oil and gold after Saudi Arabia intercepted projectiles destined for its capital Riyadh.
The Eagle Ford
crude oil tanker sails out of the the NuStar Energy dock at the Port of Corpus Christi in Corpus Christi, Texas, U.S.,
on Thursday, Jan. 7, 2016.
Fourth - quarter profits in Exxon's downstream sector, which is focused
on refining
crude oil into fuels like gasoline, also rose $ 323 million from a year earlier.
Fire crews have extinguished a fire that raged in Oregon after a Union Pacific Corp train carrying
crude oil derailed
on Friday and burst into flames near the Columbia River in the town of Mosier., the Federal Rail Administration said.
The decreases are largely the result of the
oil glut and all - time lows for
crude prices — last year, mining,
oil producers, and metal companies lost a combined $ 70 billion
on $ 1.3 trillion in revenue.
CNBC's Jackie DeAngelis reports
on the moves in
crude oil after Israel Prime Minister Benjamin Netanyahu's comments
on Iran.
Brent
crude oil futures were down 14 cents at $ 73.72 a barrel at 1128 GMT, some 2 percent below the November 2014 high of $ 75.47 reached
on Tuesday.
SINGAPORE, April 24 - Brent
crude oil rose for sixth day
on Tuesday, passing $ 75 a barrel,
on expectations that supplies will tighten because fuel is rising at the same time the United States may impose sanctions against Iran and OPEC - led...
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 dipped
on Thursday, weighed down by swelling U.S.
crude inventories and record weekly U.S. production.
While the short position Chanos has in Alibaba has not worked out, Yusko was right
on one of his most bearish calls in recent years: In early 2015 he predicted
oil would hit $ 30 when many thought
crude had already hit a bottom.
«Equities have been in a rally mode and with the technical picture for
oil becoming bullish in the short term, we have a risk -
on trade in
crude,» said Chris Jarvis at Caprock Risk Management, an energy markets consultancy in Frederick, Maryland.
Potential U.S. sanctions
on sales of light
crude to Venezuela's
oil company PDVSA would hamper its already weak refining network while leaving at least one tanker in limbo, according to a source from the state - run firm and Thomson Reuters data.
Downstream companies make money
on the difference between the price of
crude and the price of the refined petroleum extracted from it (a difference known as the «crack spread»), while midstreaming is a volume business (ship more
oil, earn more money).
In the
crude oil market, we found that accuracy of testing relied much more heavily
on operator judgments in how they executed and / or interpreted the test.
On June 16, 2014, Brent
crude oil peaked at $ 116 a barrel.
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.
Based
on a West Texas Intermediate
crude oil price of $ 45 per barrel, those deposits are worth about $ 900 billion.
Oil and gas traders, Bailey says, received alerts about the death of the King of Saudi Arabia more than four hours before
crude prices spiked
on the news.
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.
NEW YORK, April 30 (Reuters)- U.S.
crude oil production jumped 260,000 barrels per day (bpd) to 10.26 million bpd in February, the highest
on record, the Energy Information Administration said in a monthly report
on Monday.
In
oil markets, Brent
crude traded at around $ 51.03 a barrel
on Tuesday, down 1.14 percent, while U.S.
crude was around $ 47.50 a barrel, down 1.82 percent.
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.
NEW YORK, April 30 - U.S.
crude oil production jumped 260,000 barrels per day to 10.26 million bpd in February, the highest
on record, the Energy Information Administration said in a monthly report
on Monday.
In
oil markets, Brent
crude traded at around $ 47.99 a barrel
on Wednesday, down 0.52 percent, while U.S.
crude was around $ 50.59 a barrel, down 0.73 percent.
Crude oil is holding
on to recent gains at just below $ 48 a barrel, and the dollar is a touch stronger against the euro.