In March, BP had a crude oil spill at one of its Alaskan facilities.
The oil flowing into Cushing contributed to a crude oil bottleneck there, and was one of the reasons that the Brent-WTI differential developed.
The family business Charles inherited consisted of an engineering firm, part-interest in a Minnesota refinery, a crude-oil-gathering pipeline in Oklahoma and some cattle ranches.
We were, on net, a vast crude oil exporter.
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While some see that as supportive for gold, Gero said it seems that crude oil is getting a bigger lift out of that news than is gold on fears of a shutting off of crude oil supply.
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In such a case, selling SPR oil while buying crude oil futures is a no-brainer the government would make a profit and also get its oil back in a few months.
It took a worker smelling crude oil on the ground before it was noticed.
Beyond mere price, there are substantial environmental benefits in a switch from crude oil to natural gas.
Boe is the amount of energy contained in a barrel of crude oil.
The first is a chart of crude oil going back about six weeks.
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This chart from the Moore Research Center, Inc does indicate a low for crude oil prices during the summer months.
Gas prices have followed a drop in crude oil prices, says Lundberg.
Gliding across Prince William Sound by kayak, you can't imagine that the 986-foot Exxon Valdez ever spewed a drop of crude oil, let alone 11 million gallons.
The pipeline can import up to 1.2 million barrels per day and is connected through a network of crude oil pipelines to about one-half of U.S. refining capacity.
Pricing 150, 000 equity options in a second or assessing how much crude oil sits in a pocket 6 miles below the earth's surface are massively parallel mathematical computing problems for which graphics processors are peculiarly equipped.
Namely, beyond foregoing the obvious benefits that come from value-added processing such as refining (gasoline sells a lot more per gallon than the cost of a gallon of crude oil), we are incurring secondary costs that impact, in part, the very environment that radical environmentalists are trying to protect.
According to U.S. Commodity Futures Trading Commission data, the percentage of non-commercial traders (investors who have no intention of ever supplying or taking delivery of a barrel of crude oil) has grown over time, from less than 10 percent of market players by volume in 2000 to more than 40 percent in 2011.
China is a minor exporter of crude oil and coal, so the overall trade figure is a little lower than the import numbers shown below.
Because the market for crude oil is international in scope and cannot be controlled by any government, there can never be a true shortage of crude oil.
However, a stable U.S. dollar index and crude oil prices hitting a fresh six-month low Monday did limit the upside in the precious metals.
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Meantime, crude oil prices are lower Wednesday on notions that a bearish build in U.S. crude oil stocks will be reported in the weekly DOE report Wednesday.
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Meantime, Nymex crude oil prices were firmer Thursday on some short covering following a surprising decline in U.S. crude oil stocks as reported by the Department of Energy Thursday morning.
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Instead it will generate steam to extract crude from a Chevron oil field.
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Malaysia subsidizes gasoline for domestic consumers and is a net exporter of crude oil.
Refineries are generally built with a particular type of crude oil in mind and cannot process other types.
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More than 4 million barrels of crude oil a day are shipped through the canal or an adjacent pipeline.
Natural gas is considered to be a bridge fuel between crude oil and the clean hydrogen-based energy sources of the future.
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