Sentences with phrase «of crude oil at»

The Businessweek article provides a wonderful illustration: In May 2010, ETFs sold June contracts of crude oil at an average price of $ 75.67 and rolled into July contracts at an average price of $ 79.68.

The ships transfer their cargo of crude oil at Baton Rouge into pipelines.

This is because the price is determined by factors of supply and demand, and is largely tied to the supply and demand of crude oil at any given time.

In Germany between 900,000 and 1,000,000 metric tons of a fuel satisfactory for automobile - type engines is being produced by adding the gas hydrogen to these coal tars or to powdered coal in a stream of crude oil at elevated temperature and high pressure.

Subsequent tests pointed to 5 billion to 8 billion barrels of crude oil at Tupi alone, the largest find since the massive Kashagan field in 2000 in Kazakhstan.

With the price per barrel of crude oil at a formerly panic - inducing $ 90, and at the pump, the price in many areas is no longer just flirting with $ 3 a gallon.

It is seeking investment to develop its «Sea Lion» discovery further, with an estimated 350 million barrels of crude oil at stake.

Just weeks before the controversial Dakota Access Pipeline was supposed to start commercial service, state documents revealed that it's already spilled 84 gallons of crude oil at a pump station in April, fulfilling the fears many critics of the pipeline voiced while protesting its creation.

Not exact matches

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.

Transporting sand, drilling pipe, and crude oil furnished only 4.5 % of UP's volumes at the peak in 2014.

U.S. crude oil futures were up 22 cents at $ 67.46 a barrel as of...

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.

In 1986, while in charge of crude oil supply and strategic planning in the refining and marketing division at Petro - Canada, Thompson saw the worst downturn of her career.

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.

Authorities said a tank of crude oil or asphalt exploded about 10 a.m. at the Husky Energy oil refinery in Superior, a city of...

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.

«The idea that gasoline demand is actually rising suggests that perhaps the lower prices of crude are actually prompting a greater usage of this product (gasoline),» said Vyanne Lai, oil analyst at National Australia Bank.

Pipeline outages in Iraq and Nigeria have removed more than 800,000 barrels of crude oil per day from the market for at least the next two weeks.

However, the current deal between allied major oil producers could soon be at risk amid heightened tensions over an escalating proxy war between two of OPEC's top three crude producers, Shah said.

They only compute in the context of supplying the U.S., still the world's largest oil market, where they are competing with crude that has to be shipped at considerable financial and atmospheric expense from distant sources like Nigeria and the Persian Gulf.

The possibility of Venezuelan oil import restrictions has divided White House advisors, and now is pitting Harold Hamm, chairman and CEO of Continental Resources and energy advisor during President Trump's campaign, against U.S. refiners that import Venezuelan crude to process at their refineries.

The ruling arose from the expropriation of ConocoPhillips» investments in two heavy crude oil projects in 2007 at a time then - President Hugo...

U.S. crude oil exports rose to 2.175 million barrels per day, or more than 15 million a week, at the end of March.

The U.S. is exporting crude oil at a record pace with no signs of slowing down.

And heavy oil is the kind of crude U.S. refineries on the Gulf of Mexico, at the other end of the pipeline, are geared to process.

(In 2011, Cenovus Energy let on that output from two of its in situ oilsands projects could meet the standard, which mandates that crude oil imported to the state have lower wells - to - wheels emissions than the average of all crudes sold in the U.S.) «Yes, I think that's feasible,» says George Hoberg, a political scientist at the University of British Columbia who specializes in environmental conflict.

High demand for diesel and home heating fuel in particular means refineries are willing to pay more for crude oil, said Tom Kloza, global head of energy analysis at Oil Price Information Servioil, said Tom Kloza, global head of energy analysis at Oil Price Information ServiOil Price Information Service.

U.S. crude imports are at a 16 - year low, reconfiguring the map of global oil trade.

U.S. crude futures dipped below $ 28.50, while the international benchmark Brent fell as far as $ 27.79 a barrel after reports that Iran had offered sharp discounts to customers in Europe and Asia to find buyers for millions of barrels of oil in storage that it is now free to sell, after the lifting of most international sanctions on it at the weekend.

At the end of last year, the price of a litre of diesel was 59.64 rupees, meaning it has risen by 10.5 percent so far this year, not quite keeping pace with the rise in Brent crude oil.

Overnight, crude oil futures had fallen to a new 13 - year low of $ 29.72 a barrel, although by 0600 ET they had recovered by nearly $ 1 to stand at $ 30.73.

«While the increase in U.S. production of crude oil and the reduced U.S. demand for transportation fuels will likely reduce the demand for total U.S. crude oil imports, it is unlikely to reduce demand for heavy sour crude at Gulf Coast refineries.»

The geophysicist at Rice University in Houston estimates we have the second - largest deposits of crude oil in the world — as much as 2.5 trillion barrels of bitumen buried in the oilsands of Alberta.

First, I want to look at how the changes not just in oil prices, but also changes in diluent costs, discounts for oil sands crude relative to light crude and, in particular, the fall of the Canadian dollar have changed the outlook for new oil sands projects — for those under construction, and for those currently operating.

The oil market remains in what's known as contango — with the future price of crude trading at a higher level than today's spot price.

With approval of the Keystone Pipeline it could mean more Canadian crude oil is coming to the U.S. CNBC's Jackie DeAngelis is in Nebraska, at the pipeline pumping station with a look at its impact on oil prices and exports.

At the NYMEX, CNBC's Jackie DeAngelis reports the latest on crude oil, and the dollar ahead of the Fed.

This follows a stark warning from U.S. Secretary of State Rex Tillerson, who said at the start of February that sanctioning Venezuela's oil or prohibiting the crude to be sold in the U.S. was something the White House was continuing to mull over.

Notley and Bilous have said the Trans Mountain expansion is critical because Alberta's crude oil sells at a sharp discount on the North American market due to pipeline bottlenecks and to a lack of access to a better price on overseas markets.

Although U.S. crude oil inventories are at «historically high levels» for this time of year, according to the Energy Information Adminstration's Weekly Petroleum Status report, Molchanov predicts inventories will trend lower by the middle of the year as prices recover.

WINNIPEG, Manitoba / VANCOUVER, April 23 (Reuters)- At an Alberta oil loading terminal, a convoy of big rigs are gearing up to haul Canadian crude oil hundreds of miles through bone dry fields across the U.S. border into Montana, where the oil will be transferred to pipelines and rail cars headed south and west.

U.S. crude oil futures were up 22 cents at $ 67.46 a barrel as of 10:59 a.m. EDT (1459 GMT), while Brent crude fell 14 cents to $ 72.98 a barrel.

Following the announcement, crude oil immediately spiked 2.5 percent over uncertainty of how this might affect the Middle Eastern kingdom's position on keeping oil production at current levels.

Meanwhile, the August contract for crude plunged $ 4.40 to close at $ 52.53 (U.S.) a barrel Monday on the prospect of increased oil output from Iran and worries over Greece.

On Monday, WTI closed at US$ 52.22 a barrel, up by 3 percent, while Brent crude settled at US$ 59.02 — its highest since July 2015 — on the back of growing optimism that the OPEC production cut deal is finally having a palpable effect on global supplies of crude oil, and the equally growing worry that the Middle East could be in for more tensions — this time between the Kurdish nation and the countries it inhabits, following an independence referendum in the Kurdistan autonomous region in Iraq.

Jeff Currie, head of commodities research at Goldman Sachs — which correctly predicted oil would reach US$ 85 in 2009 — thinks crude has a good chance of hitting US$ 100 this year, primarily because «U.S. economic data has surprised to the upside.»

Analysts at Canaccord Genuity said Monday the project's $ 5.3 - bilion northern leg «is no longer a necessity» for Canadian oil sands producers, thanks to the sudden rise of crude - carrying unit trains and rival pipeline schemes proposed by Enbridge Inc..

Of course, OPEC now is entering month number 16 of their crude oil production cuts and that certainly has a big hand in what we «re seeing at the pumOf course, OPEC now is entering month number 16 of their crude oil production cuts and that certainly has a big hand in what we «re seeing at the pumof their crude oil production cuts and that certainly has a big hand in what we «re seeing at the pump.

«This is a clear sign of how spoilt Asia is for choice these days, with Middle Eastern crude now having to compete with oil from other regions,» Amrita Sen, the chief oil - market analyst at Energy Aspects Ltd., a London - based consultant, said in an e-mail.