Sentences with phrase «sweet crude»
The phrase "sweet crude" refers to a type of oil that has low sulfur content, making it easier and cheaper to refine into useful products like gasoline and diesel. It is called "sweet" because it lacks the sour smell and taste associated with high sulfur oil. Full definition
In July the EPA began conducting toxicity tests for the specific light sweet crude from the Gulf, both alone and in conjunction with the various dispersants.
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Light, sweet crude prices increased modestly to settle above $ 71 / bbl for a second consecutive day on the New York market May 10 while the Brent cru...
As economiesaround the world recover, we'll keep gulping down that light sweet crude in greater quantities.
The front - month April light, sweet crude contract on the New York Mercantile Exchange was trading 77 cents lower at $ 92.68 a barrel.
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 contract.
Hamm favors the approach of cutting off Venezuelan oil exports to the U.S., as well as stopping U.S. light sweet crude exports to Venezuela, which uses that type of crude to blend it with its heavy crude oil before shipping it to international markets.
You build a mine, you build an upgrader, which turns bitumen into the equivalent of light, sweet crude ready for the refinery.
After trading as low as US$ 27 a barrel in mid-February, the price of West Texas Intermediate, a grade of light, sweet crude used as a North American benchmark, is closing in on US$ 50 a barrel in the wake of several supply outages around the globe and renewed optimism in some quarters about a re-balancing of a previously over-supplied market.
Light sweet crude fell 1.7 %, to $ 67.45 a barrel.
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 $ 31.24.
Hazen and his colleagues attribute that quick work to the large contingent of such volatile hydrocarbons that are readily biodegradeable in the Louisiana light sweet crude spilled as well as the breaking up of the oil into small particles by chemical dispersants.
Similar damage may be in store for the U.S. Gulf coast, given that millions of gallons of light sweet crude spewed from BP's broken well 1,500 meters down and approximately 65 kilometers off the Louisiana coast.
Nigeria is a basket case because of the light sweet crude buried there.
Surprisingly, the estimates we've read of tar / oil sand - produced fuels carrying a carbon footprint of around 3X that of fuels made from sweet crude seem not to be the primary focus.
The investment objective of USO is for the daily changes in percentage terms of its shares» NAV to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in price of USO's Benchmark Oil Futures Contract, less USO's expenses.
Light, sweet crude prices increased modestly to settle above $ 71 / bbl for a second consecutive day on the New York market May 10 while the Brent crude price for July also climbed on the London market to settle above $ 77 / bbl for a second consecutive day.
«Brent North Sea crude for July delivery rose 42 cents to 69.84 dollars in electronic trading... On Monday, New York's main oil futures contract, light sweet crude for delivery in June, gained 21 cents to 65.15 dollars a barrel in electronic deals
A light sweet crude from Mississippi Canyon, floating on the Gulf of Mexico during summer conditions, will have a half life of 7 to 5 days.
With oil back up at USD 50 (as quoted by the NYMEX light sweet crude oil futures), the energy sector (15 %) of the S&P U.S. Issued High Yield Corporate Bond Index returned 5.73 % in February.
Then came the pipelines, bringing in West Texas Intermediate (WTI), a light, sweet crude, to be distributed to refineries in the Midwest and the East Coast.
What happens next depends directly on the expensive and complicated business of reworking a North American pipeline and refining infrastructure that was built to serve the needs of an era defined by huge imports of light, sweet crude.
The price of a barrel of West Texas Intermediate (WTI), a benchmark for so - called light sweet crude oil, tumbled from its June high of $ 108 to a low in January of $ 44.
The ETF tracks the spot price of West Texas Intermediate (WTI) light, sweet crude oil.
Light, sweet crude for April delivery settled down 29 cents, Continue Reading
The violence in Libya for instance, directly threatened the energy security of the members of the Alliance due to the interruption of supply of European refineries with light sweet crude oil and the supply of natural gas to pipelines to Italy.
And the petroleum there is not the heavy, low - grade stuff that Brazil currently fetches from existing offshore wells, but light, sweet crude, the prize of hydrocarbons, preferred for jet fuel.
Verlegger presents his case in considerable detail: how tightened environmental standards have increased demand for light, sweet crude and how it therefore has much lower demand elasticity than crude in general.
For example, if the underlying asset is light sweet crude oil, the quantity is 1,000 barrels, the delivery location is the Henry Hub in Erath, Louisiana and the delivery date is December 2017.
The investment seeks to reflect the performance, less expenses, of the spot price of West Texas Intermediate (WTI) light, sweet crude oil.
The United States Oil Fund ® LP (USO) is an exchange - traded security designed to track the daily price movements of West Texas Intermediate («WTI») light, sweet crude oil.
It is WTI light, sweet crude oil delivered to Cushing, Oklahoma.
United States Oil Fund (USO), for instance, tries to track the spot price of light, sweet crude oil by buying oil - futures contracts.
As you point out this has suggested 1100ft + of potential pay zones but there is the additional interesting fact that what appears to be light sweet crude was found (and subsequently displayed in a couple of jars).
The overall Brent complex acts as a reference price for approximately two thirds of the world's oil and our Brent futures contract serves as the world's benchmark for light, sweet crude.
Even worse, viscous tar sands, which won't float like light sweet crude, will sink into our porous Ogallala Aquifer, contaminate our clean water systems, and cause catastrophic and irreversible damage.
-- Pro-drilling Orlando Sentinel columnist: / / j.mp / EatingCrow «There's nothing like the taste of crow deep - fried in barrel of light, sweet crude.»
The reality of reaching peak global production of cheap, conventional light, sweet crude oil supplies will continue to force strong upper pressure on the cost of crude oil, gasoline, diesel and airplane liquid fuels.
Bakken's light, sweet crude oil replaces imports, fuels our vehicles, powers our economy, and provides raw materials for many essential products.