The widest expansion this year was made by none
other than crude oil, the worst - performing commodity of 2014.
Not exact matches
The banks says the long - oversupplied
oil market is tightening up more quickly
than expected as global economic growth fuels demand and output cuts by OPEC, Russia and several
other producers eat into the world's
crude stockpiles.
The array of claims around Alberta's
crude is wide and varied: on the one hand, anti-Keystone groups contend that dilbit — i.e. diluted bitumen, thick oilsand
crude mixed with light hydrocarbons that will allow it to flow through a pipeline — is more corrosive
than other types of
oil and sinks in water rather
than floating, which makes it harder to clean rivers and lakes after a spill.
Charged with testing the technology in the real world is none
other than an Alberta company, Western Hydrogen of Calgary, which will experiment with it in using
crude from the
oil patch.
No
other oil - producing region risks losing more capital spending due to lower
crude prices
than Alberta.
The Fuel Quality Directive has attracted a great deal of attention here in Canada because it would assign a higher emissions rating to Alberta oilsands
than to
other sources of
crude oil, and I have -LSB-...]
Next week, the EU is expected to vote on the Fuel Quality Directive which would assign a higher emissions rating to Alberta oilsands
than to
other sources of
crude oil, including some which may or may not actually have higher emissions
than oilsands
oil.
The intensity of the explosions and fires at Lac - Mégantic, he said, came as a «big surprise» to him and
other researchers, given that the tank cars had been carrying
crude oil, rather
than a more volatile form like gasoline.
Gold, on the
other hand, has not reacted to the extent that
crude oil has to the ongoing crisis in the Middle East, although the precious metal, which is still considered a hedge against political instability, is up by more
than 10 percent this year.
But the administration has now taken a similar tack on a number of
other controversial projects, staying silent rather
than approving or blocking them, including a major proposed propane storage project in the Finger Lakes, the construction of new liquefied natural gas storage areas across the state and a
crude -
oil heating facility at the Port of Albany.
Canadian
crude is dirtier
than most
other oil, but the environmental impact of its use may be more local
than global
By linking Canadian fields to refiners in the Gulf Coast, the 1,200 - mile (1,900 - km) Keystone XL pipeline would be a boon to an energy patch where
oil sands are abundant but that produce more carbon pollution
than many
other forms of
crude.
Still, the report states, «Bakken
crude oil does not pose risks significantly different
than other crude oils or
other flammable liquids authorized for rail transport.»
In MCX trading the products are divided into three segments i.e. Precious Metals which includes gold and silver, Base Metals which includes Zinc, Lead, Aluminum, Copper, Nickel and Energy which includes
Crude oil and Natural Gas,
other than these their are also various
other products but in India major trades are done in products in these segments only.
That is likely because
crude oil prices are sensitive to factors
other than production, such as geopolitical risk and inventory levels.
Of course, the fact that bitumin, rather
than floating, sinks in water, unlike
other forms of
crude oil, doesn't help.
Environmental groups say that's one of several reasons why dilbit corrodes pipelines more easily
than conventional
crude oil, although the
oil industry says dilbit poses no more risk
than other oils.
But just 32 percent of American
oil comes from offshore sources, and total U.S. production of
crude oil and liquid fuels in 2011 is expected to stay near 2010 levels, which were higher
than any
other year in the past decade.
According to several news reports (for example, by the Times Picayune, Sept. 9), the Associated Press collected raw data from state regulatory agencies and
other sources and performed an analysis which revealed that more
than 30 fuel and chemical storage tanks at facilities in the region collapsed or otherwise failed during Hurricane Harvey, releasing more
than 600,000 gallons of
crude oil, gasoline, and
other fuels and chemicals.
The
oil that would have flowed through the Keystone pipeline, extracted from a large sedimentary basin that includes the well - known
oil sands of Alberta, has a higher carbon footprint
than other, lighter
crude.
The EU tried to label tar sands
oil as more carbon - intensive
than other crude sources, and a public message from Archbishop Desmond Tutu and
other African leaders accuse Canada of contributing to famine and drought (studies have shown tar sands are likely to devastate agriculture in Africa).
Louisiana is America's energy center, producing more
crude oil than any
other state and second in natural gas production.
American reserves of
crude oil and natural gas have risen for six consecutive years, although the U.S. produced more
oil and natural gas
than any
other country in 2014, according to the U.S. Energy Information Administration.