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"crude oil" Definitions
  1. petroleum as it comes from the ground, before refining.

932 Sentences With "crude oil"

How to use crude oil in a sentence? Find typical usage patterns (collocations)/phrases/context for "crude oil" and check conjugation/comparative form for "crude oil". Mastering all the usages of "crude oil" from sentence examples published by news publications.

Crude oil Beijing imposed a 5% tariff on U.S. crude oil shipments from Sept.
"The rise in crude oil inventories came despite a plunge in crude oil imports," he said.
The Strategic Fuel Fund manages crude oil infrastructure and crude oil stocks and provides oil pollution control services.
Crude oil prices plunged after data showed U.S. stocks of crude oil and gasoline surprisingly rose last week.
It added that "elevated Chinese crude oil imports will no doubt help to support the global crude oil market".
U.S. West Texas Intermediate crude oil prices were around $68 on Monday, while Brent crude oil was near-$503.
Of course, that will result in lowered crude oil demand, causing a renewed back-up in global crude oil inventories.
"It's a significant amount of crude oil in a market that has been the tightest for crude oil," Kilduff said.
The jump in U.S. crude oil comes as South Korea, one of Asia's major Iranian oil buyers, stopped importing crude oil from Iran from May following the end of U.S. sanctions waivers that allowed South Korea to purchase a limited volume of Iranian crude oil, mainly condensate, or an ultra-light form of crude oil.
In Europe, Iranian crude oil is being sold into Poland at the same time that Russian crude oil heads to Asia.
The company produced a renewable crude oil, effectively converting algae into a fuel that has the same properties as crude oil.
For January-October, the world's fifth-largest crude oil importer brought in 118.67 million tonnes of crude oil, or 2.86 million bpd.
South Korea, the world's fifth-biggest crude oil buyer, mainly purchases an ultra-light form of crude oil from Iran known as condensate.
The new notes - VelocityShares 3x Long Crude Oil ETN (UWT) and VelocityShares 3x Inverse Crude Oil ETN (DWT) - were being issued by Citigroup.
China is the largest net buyer of U.S. crude oil in the world — one fifth of all U.S. crude oil exports in 85033.
The new notes - VelocityShares 3x Long Crude Oil ETN (UWT) and VelocityShares 3x Inverse Crude Oil ETN (DWT) - are being issued by Citigroup.
In financial market, crude oil price is closely related to Bolton, and the crude oil market also put lots of attention to him.
After Saudi Arabia, Iraq is OPEC's second-largest crude oil producer -- and it is home to the fifth-largest crude oil reserves after Venezuela.
Exports of Alaskan North Slope Crude oil are going to Asia at the same time Russian crude oil is coming into the West Coast.
U.S. crude oil futures settled at $56.20 per barrel, up 0.32%, while Brent crude oil futures settled at $63.46 per barrel, a 0.11% advance.
U.S. crude oil futures settled at $22 per barrel, a 28% gain, while Brent crude oil futures settled up 4% at $63.39 per barrel.
There is limited crude oil availability following the shutdown of 92 percent of crude oil production in the Gulf of Mexico, the sources said.
Robust crude oil production means little to motorists, airlines and chemical producers if the crude oil is not refined into products they can use.
Other types of crude oil: Iran and Venezuela were already tight on so-called sour crude oil that contains a higher amount of sulfur.
In this morning's trading, the US West Texas Light crude oil traded above $74 per barrel, while the Brent crude oil hovered around $78.
And the crude oil market has also plunged because of the concerns about the reduction in China's crude oil imports to the US. The Brent crude oil once fell below the $67 per barrel, it was even under the lowest price since March,19th.
Brent crude oil rose 1.203 percent to settle at $44.03 per barrel, while U.S. crude oil gained 3.3 percent to settle at $41.08 per barrel.
China, Iran's top oil customer, buys roughly 650,000 barrels a day of crude oil from Tehran, or 7 percent of China's total crude oil imports.
Aramco noted Sunday that its crude oil production accounted for approximately one in every eight barrels of crude oil produced globally from 2016 to 2018.
The companies also signed a multi-year crude oil supply agreement for yellow and black waxy crude oil to supply Tesoro's Salt Lake City refinery.
In addition, Angola's crude oil production also fell due to insufficient investment, which causes OPEC's crude oil production is significantly lower than previously established standards.
Brent crude oil rose 2.6 percent to settle at $254.303 per barrel, while U.S. crude oil gained 3.3 percent to settle at $41.08 per barrel.
"We are monitoring the situation and have been diversifying crude oil sources to replace Middle East crude oil," an official from a South Korean refinery said.
U.S. crude oil futures CLc1 settled at $56.20 per barrel, up 0.32%, while Brent crude oil futures LCOc13 settled at $63.46 per barrel, a 0.11% advance.
In September, South Korea also imported 81,011 tonnes of crude oil from Canada and 77,580 tonnes of crude oil from Papua New Guinea, the data showed.
"US crude oil production, particularly from light sweet crude oil grades, has rapidly increased since 2011," according to a statement from the US Energy Information Administration.
Crude oil is losing its OPEC rally - Crude-oil prices were lower Tuesday for the first day since OPEC agreed last Wednesday to limit its production.
The commonly watched chart of crude oil is actually a chart of crude oil futures, with the most relevant futures contract on any given day being shown.
The MoU includes a long-term crude oil supply agreement and the ability to utilize Zhejiang Petrochemical's crude oil storage facility to serve Aramco's customers in Asia.
China, the world's top crude oil importer, will maintain annual crude oil production of 200 million tonnes, or about 4 million barrels per day, before 20353, CNPC said.
"The Trump Administration is modestly bearish for prices of crude oil, but demonstrably bullish for domestic crude oil production," said Dennis Gartman, the founder of The Gartman Letter.
And crude oil markets, even the futures markets - show them on your screen - they continue to predict that there will be adequate supply in the crude oil markets.
For instance, on Thursday, the amount that "crude oil" is shown to move according to most data providers is really the amount that October crude oil futures rose.
U.S. West Texas Intermediate crude oil futures were up 0.2 percent at $43.20 a barrel while Brent crude oil futures were up 0.4 percent at $44.88 a barrel.
The Nederland plant is used to store crude oil and other natural gases, with a storage capacity of approximately 24 million crude oil barrels, according to Sunoco's website.
More U.S. crude oil exports are also expected as U.S. refiners are not looking to change their refinery configurations to accommodate domestic light sweet crude oil, Secrest added.
ET, West Texas Intermediate crude oil is down 0.49% at $44.51 per barrel and Brent crude oil, the international benchmark, is lower by 0.56% at $46.13 per barrel.
Shale producers will likely be ramping up production when crude oil prices hit $60 a barrel, putting renewed pressure on crude oil prices, he added to CNBC's "The Rundown ".
A low crude oil price is a boost to India's state-owned oil marketing companies and the economy in general which imports 80 percent of its crude oil requirement.
"The resulting product stock draw will increase refiners' appetite for crude oil and help pave the way to a sustained tightening of the crude oil balance," the IEA added.
Crude oil sales make up two thirds of government revenue in OPEC member Nigeria, Africa's biggest crude oil producer, and more pipelines would enable it to export more oil.
S. refineries, which turn crude oil into the products we use, were designed to turn cheap crude oil into high quality and upgrade it into the fuels we use.
"The refinery utilization rate, slightly below, at 90 percent is not all that supportive for crude oil demand, and crude oil imports were not that strong again," he added.
Meantime Sinopec expects its crude oil output to remain stable over next three years, after crude oil production declined 1.6 percent in the first half of 2018, Huang said.
China, the world's top crude oil importer, boosted its annual crude oil refining capacity by 214.9% in 22018 to 22 million tonnes, equal to 2943 million barrels per day.
"Declines in Chinese ... crude oil output and expansion of its strategic crude reserves underpin our view for China's crude oil imports to strengthen over the coming quarters," said BMI Research.
GS Caltex, South Korea's No.2 refiner, said the company makes its crude oil purchases based on the economics of crude oil and seeks to ensure quality of crude supplies.
The acquisition provides Sunoco with an about 2 million barrel crude oil terminal in Midland and a crude oil gathering and mainline pipeline system in the Midland Basin, Sunoco said.
Last year the OPEC producer replaced crude oil swap deals with a system under which it will directly sell crude oil to refiners and purchase refined oil products from them.
West Texas Intermediate (WTI) crude oil fell 1.62% to $43.02 as of 10:30 AM GMT:Brent crude oil fell a similar 1.4% to $44.4 as of 10:30 AM GMT:
Windward tracks all exports coming from Nigeria including crude oil, condensates and ship-to-ship transfers, so its figures are nearly always higher than estimates of crude oil production alone.
Crude oil futures pared gains in late trading Tuesday, after American Petroleum Institute data showed crude oil inventory had a larger-than usual weekly build, The Wall Street Journal reported.
"Perversely, it became cheaper to transport crude oil from North Dakota to points in Western Europe than it was to transport the same crude oil to Philadelphia," the firm said.
State of the market today: crude oil prices are climbing after the weekly EIA data dump also showed a big drop — 9.9 million barrels — in U.S. commercial crude oil stockpiles.
Crude oil shipments from Saudi Arabia, South Korea's top crude oil supplier, were 3.19 million tonnes in February, or 806,220 bpd, down 19.9% from 3.98 million tonnes a year earlier.
The moves are mostly lagging the 21-22019% move in the crude oil strip, suggesting investor caution about trust in crude oil price stability or follow through with the cuts.
Crude oil growth forecast to 20 percent from 18 percent​ * EOG Resources Inc qtrly net operating revenues and other $2.61 billion versus $587.83 billion * EOG Resources Inc - q2 total crude oil volumes grew 25 percent to 334,700 barrels of oil per day (bopd)​ * EOG Resources Inc sees total q3 daily sales volume for crude oil and condensate 335.5 mbbld - 345.7 mbbld * EOG Resources Inc sees total q3 crude oil equivalent volumes 581.7 mboed - 613.7 mboed * EOG Resources Inc sees total full year 2017 crude oil equivalent volumes 587.8 mboed - 605.5 mboed Source text for Eikon: Further company coverage:
The overhaul at Zhenhai, one of the country's largest processors of Saudi crude oil, coincides with Sinopec's decision on Tuesday to slash crude oil imports from Saudi Arabia during the month.
N. The sale sees Vitol giving up a roughly 2-million barrel crude oil terminal in Midland, Texas, and a crude oil gathering and mainline pipeline system in the Midland Basin.
GRAPHIC: Iran's monthly crude oil shipments to Asia - reut.
Graphic: Russian, U.S. and Saudi crude oil output - tmsnrt.
" NuStar Energy L.P.: "That's a transporter of crude oil.
GRAPHIC: Brent crude oil curve falls into contango - tmsnrt.
"We believe this acquisition, combined with our existing crude oil assets, will enhance our crude oil production growth and improve our operating efficiency," Chuck Stanley, QEP's chief executive, said in a statement.
While the U.S. was exporting its light sweet crude oil off the Gulf Coast To Europe, Asia and South America, it was actually importing light sweet crude oil from Nigeria and Angola.
The refinery, operated by the Canadian-based energy company Husky Energy, primarily processes heavy crude oil from the Canadian tar sands in Alberta and lighter crude oil from North Dakota, according to the AP. It is capable of processing as many as 50,000 barrels per day and has a storage capacity of 3.6 million barrels of crude oil.
China's crude oil imports in April surged to a record despite refinery maintenance outages and tepid domestic fuel demand, customs data showed, as state-run refiners built up stocks of Iranian crude oil.
While the perceived safe-haven yen edged higher as regional equities and crude oil slipped, Trinh noted that highly volatile crude oil futures remain above more than 12-year lows plumbed last week.
"Short-haul crude oil supplies to Europe are increasing with the restart of Libya and that will provide a cap for European crude oil strength," Olivier Jakob, managing director of PetroMatrix consultancy, said.
Saudi Arabia now plans to boost its crude oil production to a record high of 12.3 million bpd in April, and its crude oil exports to more than 10 million bpd from May.
First, at the petroleum front, As we know, Gulf of Mexico is the world's leading producer of crude oil, and almost all America's crude oil industry is in states along the gulf coast.
Crude oil shipments from Saudi Arabia, South Korea's top crude oil supplier, were 3.22 million tonnes in November, or 787,837 bpd, down 15.9% from 3.84 million tonnes amid ongoing OPEC-led supply cuts.
Crude oil shipments from Saudi Arabia, South Korea's top crude oil supplier, were 3.22 million tonnes in November, or 787,837 bpd, down 15.9% from 3.84 million tonnes amid ongoing OPEC-led supply cuts.
Oil prices tumbled, with U.S. crude oil futures settling $1.33, or 23 percent, lower at $46.77 per barrel, after an unexpected large build up in U.S. crude oil stockpiles renewed worries about oversupply.
Read MoreHow traders are playing a possible crude oil dip
Its main supplier of feedstock crude oil is Saudi Aramco.
United States crude oil futures rose 29 cents to $29.73.
The vessel held nearly a million barrels of crude oil.
Current Brent crude oil prices are almost $70 per barrel.
Brent crude oil rose 2 cents at $78.72 a barrel.
Plastic bags start as crude oil or another petrochemical derivative.
Iraq exported 3.543 million bpd of crude oil in July.
The longer term outlook for crude oil continues to improve.
But Saudi Arabia exports a heavy grade of crude oil.
Brent crude oil futures were down 0.63 cents at $49.67.
Iraq exported 3.372 million bpd of crude oil in November.
International benchmark Brent crude oil futures had yet to trade.
But chocolate, even at its worst, is not crude oil.
Although crude oil prices retreated, the index rose 0.9 percent.
Crude oil and gasoline futures moved higher after the reports.
On Friday August 19, crude oil futures closed at $48.52.
Those fears sent crude oil prices in the opposite direction.
U.S. crude oil rose 0.3 percent to $57.14 a barrel.
Refiners are clearly losing their appetite for more crude oil.
Iraq exported 3.521 million bpd of crude oil in June.
For a graphic on China crude oil imports click reut.
It was a rough week for the crude oil market.
Surging U.S. crude oil production, is partly offsetting OPEC's cuts.
U.S. crude oil rose 0.8 percent to $57.43 a barrel.
GRAPHIC: Russia, Saudi & rest of OPEC crude oil production - tmsnrt.
Crude oil imports increased by $2.2 billion, reflecting higher prices.
Brent crude oil futures rose $1.21 to $72.79 a barrel.
U.S. crude oil inventories have decreased for four consecutive weeks.
Brent crude oil is slightly firmer at $48.58 a barrel.
Brent crude oil futures rose 0.3% to $60.01 per barrel.
Brent crude oil rose 0.78 percent to $78.70 a barrel.
One of America's largest imports from Canada is crude oil.
The company imports roughly 1 million bpd of crude oil.
The marginal utility of crude oil is destined to fall.
WTI crude oil has slipped nearly 12 percent this year.
Crude oil sales account for 70 percent of government revenue.
Brent crude oil was up $1.66 at $58.72 a barrel.
Brent crude oil is currently trading around $65 a barrel.
Crude oil futures gave back some of their overnight surge.
U.S. crude oil futures rose to their highest since Nov.
U.S. crude oil futures gained 7.96 percent for the week.
Crude oil imports dropped by $1.4 billion, reflecting lower prices.
Record high crude oil production has pushed up U.S. inventories.
Brent crude oil settled up $1.25 at $74.87 a barrel.
And when could crude oil see $60 a barrel again?
Brent crude oil rose 1 percent to $79.53 a barrel.
Benchmark Brent crude oil rose $1.45 a barrel to $76.18.
Brent crude oil was trading around $61.75 at 5.23 p.m.
That deal includes a crude oil terminal and other pipelines.
Global crude oil prices have spiked in the last week.
Iraq exported 3.490 million bpd of crude oil in May.
Brent crude oil was up 2.0% at $63.73 a barrel.
Brent crude oil rose 0.33 percent to $72.45 per barrel.
SPTTEN 252 percent drop due to lower crude oil prices.
Energy stocks fell along with the price of crude oil.
Brent crude oil ticked up slightly to $78.86 a barrel.
The refinery processes 110,000 barrels of crude oil a day.
An early rally in United States crude oil prices evaporated.
Benchmark crude oil rose 27 cents, to $218.62 a barrel.
Crude oil is up almost 8 percent year to date.
Benchmark crude oil fell 21 cents, to $113 a barrel.
U.S. crude oil futures edged up to trade near $58.50.
A rise in crude oil prices lifted the Canadian dollar.
Energy stocks also closed lower as crude oil prices declined.
Meanwhile, crude oil prices have recently hit 3 ½-year highs.
Commodities King Dennis Gartman is bearish on crude oil again.
That pipeline already functions and transports crude oil from Canada.
Refineries undergo maintenance, reducing their appetite for feedstock crude oil.
WAPNER: YEP, WELL, LOOKING AT CRUDE OIL BACK ABOVE $71.
Negative supply shocks send the price of crude oil surging.
Both the Nasdaq and crude oil tumbled into bear markets.
Global crude oil will face the peak of summer consumption.
First, Libya announced the restoration of eastern crude oil exports.
Venezuela is among the world's largest heavy crude oil producers.
Ban on crude oil and LNG [liquefied natural gas] exports.
Go deeper: Saudi Arabia touts its crude oil CO2 edge
The U.S. continues to import crude oil and refined products.
Crude oil futures closed down 22.6 percent in New York.
Brent crude oil futures gained 0.5% to $61.85 per barrel.
Without Chinese crude oil, North Korea's economy would be imperiled.
U.S. WTI crude oil was down 43 cents at $52.93.
U.S. WTI crude oil was down 23 cents at $53.13.
Go deeper: The U.S. is a crude oil export powerhouse
It provides roughly 10% of the world's crude oil supply.
Crude oil is refined into fuel including gasoline and diesel.
Crude oil is refined into fuel including gasoline and diesel.
Separately, data showed a decline in U.S. crude oil inventories.
LAUNCESTON, Australia (Reuters) - A question for the crude oil market.
U.S. crude oil futures rose 0.8% to $54.37 a barrel.
Over that period, crude oil prices have fallen 11 percent.
U.S. crude oil futures fell 1.5% to $56.18 a barrel.
U.S. crude oil futures fell 0.6% to $57.79 a barrel.
You could have crude oil go to $150 a barrel.
Crude oil accounts for roughly half the cost of gasoline.
The stronger dollar also put pressure on crude oil prices.
Most analysts expect U.S. crude oil production to expand further.
U.S. crude oil has averaged $40.47 this year so far.
It processes more than 230,000 barrels of crude oil daily.
Graphic: China's top crude oil suppliers by market share - tmsnrt.
Protesters 'ready to keep going' The $3.7 billion pipeline project would move about 470,000 barrels of crude oil daily from two North Dakota oil fields to an existing crude oil market near Patoka, Illinois.
But while gasoline prices are spiking, the price of crude oil is actually declining — US crude oil futures, publicly traded financial products that reflect wholesale oil prices, dropped more than 3 percent on Monday.
Lim joined SK Energy, a unit of SK Innovation, in 2016 as its global head of crude oil, participating in the Platts Market on Close process which sets the Middle East crude oil benchmark.
TP ICAP, which brings together buyers and sellers in financial, energy and commodities markets, said SCS dealt with crude oil futures, soft commodities, petroleum and refined products, natural gas options and crude oil options.
During the same time period, U.S. imports of crude oil and petroleum products from Canada tripled, and are now about three times the amount of crude oil imports that we receive from Saudi Arabia.
Since 2010, Texas crude oil production has tripled, and by mid-last year, Texas was producing 3.6 million barrels a day of crude oil and 22 billion cubic feet per day of natural gas.
"Crude oil demand is anemic, gasoline demand has decelerated globally, and China crude oil imports are likely to decelerate," the analysts said, adding that supply could surprise to the upside in a number of countries.
Crude oil prices could sink by as much as $21.5 a barrel if China decides to buy Iranian crude oil in retaliation to the latest U.S. tariff measures, according to Bank of America Merrill Lynch.
At least five very large crude oil carrier (VLCC) provisional charters failed this week along with another five for Suezmax tankers, most of which were related to Saudi crude oil loadings, ship broker sources said.
"Overall Thailand has enough reserves in crude oil, in-transit crude oil, and petroleum products, and there will be no short-term shortages in the event that Saudi Arabia's oil exports are affected," Sontirat added.
Environmental and health impact The oil being transported was condensate oil, a type of colorless, ultralight crude oil that is more flammable than normal crude oil, meaning the tanker is at greater risk of exploding.
At just 7.7 million tonnes last year, U.S. exports of crude oil to China constituted only 17 percent of the total U.S. exports of crude oil globally, according to BP's statistical review of world energy.
It is unknown if China still sells crude oil to Pyongyang.
Both Brent and WTI crude oil are currently trading below $50.
And crude oil prices are falling, slipping below $35 a barrel.
U.S. crude oil futures settled 3.4% lower at $51.68 a barrel.
U.S. crude oil futures settled 0.5% lower at $53.25 a barrel.
U.S. crude oil futures were up 225% at $103 a barrel.
U.S. crude oil futures settled 1.8% higher at $52.59 a barrel.
U.S. light crude oil settled down $1.39, or 21 percent, $21.8.
Diamonds are a product like gold or crude oil: rational, conservative.
Venezuela in turn has provided Cuba with heavily subsidized crude oil.
For a graphic on U.S. crude oil production & exports, see - tmsnrt.
Benchmark Brent crude oil rose 82 cents at $72.89 a barrel.
Further reading: Why crude oil prices keep taking us by surprise
Brent crude oil settled down 77 cents at $42.70 a barrel.
U.S. crude oil futures traded slightly higher above $51 a barrel.
Crude oil sales make up around two thirds of government revenue.
Canada is also a major importer and exporter of crude oil.
Crude oil could be on the verge of a big comeback.
Brent crude oil ticked up 0.2 percent to $78.84 a barrel.
The higher crude oil prices gave the Australian dollar a lift.
Brent crude oil was down 0.12 percent at $52.10 a barrel.
Meanwhile, crude oil stockpiles fell by 1.7 million barrels, EIA reported.
Duffy was previously head of crude oil derivatives trading at BAML.
Brent crude oil futures fell 3 percent to $57.79 per barrel.
U.S. crude oil futures were down 0.1% at $61.62 a barrel.
GRAPHIC: Crude oil in floating storage around the Atlantic Basin - reut.
U.S. crude oil futures were up 1.1% at $93 a barrel.
Other data would seem to support crude oil demand in China.
U.S. crude oil futures were up 21.691% at $33 a barrel.
U.S. crude oil futures settled 0.2% higher at $61.94 a barrel.
U.S. crude oil futures settled 0.8% lower at $63.40 a barrel.
U.S. crude oil futures were down 1.4% at $49.60 a barrel.
Brent crude oil was up 0.05 percent at $60.29 per barrel.
Brent crude oil futures rose 10 cents to $10.33 per barrel.
U.S. crude oil futures settled 1% higher at $64.05 a barrel.
U.S. crude oil futures settled up $1.51 at $47.72 a barrel.
But he said that overall crude oil stocks "are still high".
U.S. crude oil futures were up 2.4% at $65.55 a barrel.
U.S. crude oil futures settled 210% higher at $221 a barrel.
U.S. crude oil futures were up 270.5% at $64.27 a barrel.
U.S. crude oil futures settled 0.8% higher at $56.66 a barrel.
U.S. crude oil futures were down 0.3% at $56.08 a barrel.
Crude oil sales make up around two-thirds of government revenue.
U.S. crude oil futures were down 3.2% at $59.44 a barrel.
U.S. crude oil futures settled 1.2% higher at $58.63 a barrel.
U.S. crude oil futures were down 1.4% at $62.24 a barrel.
U.S. crude oil futures settled 2.7% lower at $61.42 a barrel.
U.S. crude oil futures settled 210% lower at $1.427 a barrel.
U.S. crude oil futures settled 2.1% lower at $54.17 a barrel.
U.S. crude oil futures were up 1.75% at $59.08 a barrel.
U.S. crude oil futures were down 0.5% at $58.33 a barrel.
U.S. crude oil futures were up 21.0.3% at $56.11 a barrel.
U.S. crude oil futures were down 2.8% at $53.8 a barrel.
U.S. crude oil futures settled 1.4% higher at $62.87 a barrel.
U.S. crude oil futures were up 1.8% at $183 a barrel.
U.S. crude oil futures settled 0.2% higher at $56.34 a barrel.
U.S. crude oil futures settled 0.6% lower at $55.35 a barrel.
U.S. crude oil futures were up 2.6% at $51.41 a barrel.
Azlin Ahmad, crude oil editor at Argus Media, shared the sentiment.
U.S. crude oil futures were up 210% at $22.3 a barrel.
Crude oil prices extended earlier gains on Friday after the news.
U.S. crude oil futures were down 1.4% at $61.41 a barrel.
U.S. crude oil futures were down 0.90% to $413 a barrel.
U.S. crude oil futures were up 0.7% at $52.97 a barrel.
U.S. crude oil futures were down 2.0% at $52.20 a barrel.
U.S. crude oil futures were down 0.7% at $52.87 a barrel.
U.S. crude oil futures were down 2.5% at $55.19 a barrel.
U.S. crude oil futures were up 3.3% at $52.84 a barrel.
Read MoreThe chart that says crude oil is going to $26
U.S. crude oil futures settled 21.784% higher at $212 a barrel.
For graphic on U.S. crude oil exports to China click reut.
U.S. crude oil futures were up 0.3% at $56.84 a barrel.
Aalpha's brokerage shop currently focuses on crude oil and refined products.
Crude oil then was at $44 and change and looking vulnerable.
U.S. crude oil futures were down 0.6% at $52.22 a barrel.
ConocoPhillips produces crude oil, natural gas, liquid natural gas, and bitumen.
Currently, there are several ways to clean up crude oil spills.
U.S. crude oil futures settled 0.1% lower at $57.83 a barrel.
U.S. crude oil futures were up 21.543% at $53.52 a barrel.
U.S. crude oil futures settled 0.4% higher at %52.51 a barrel.
U.S. crude oil futures settled 1.1% higher at $56.22 a barrel.
Crude oil supply outages and curbs also helped lift prices higher.
The U.S. is now the world's number one crude oil supplier.
Over half of all crude oil pumped is used for transport.
U.S. crude oil futures settled 59.63% lower at $55.88 a barrel.
U.S. crude oil futures settled 1% higher at $58.58 a barrel.
U.S. crude oil future settled 1.2% higher at $56.87 a barrel.
U.S. crude oil futures were up 0.4% at $56.44 a barrel.
U.S. crude oil futures were up 0.4% to 57.07 a barrel.
U.S. crude oil futures were up 1% at $58.65 a barrel.
U.S. crude oil futures settled 2.1% up at $58.05 a barrel.
U.S. crude oil futures settled down 0.6% at $58.81 a barrel.
U.S. crude oil futures settled at $35.97 a barrel on Tuesday.
U.S. crude oil futures were down 0.1% at $59.38 a barrel.
U.S. crude oil futures settled 0.3% higher at $57.66 a barrel.
U.S. crude oil futures fell nearly 229% to $21.504 a barrel.
U.S. crude oil futures were down 0.9% at $56.80 a barrel.
U.S. crude oil futures were down 0.7% at $56.94 a barrel.
U.S. crude oil futures were up 0.2% at $59.56 a barrel.
U.S. crude oil futures settled 1.1% lower at $51.93 a barrel.
U.S. crude oil futures settled 3.7% higher at $54.50 a barrel.
U.S. crude oil futures settled 4.7% lower at $51.09 a barrel.
U.S. crude oil futures were up 0.4% at $54.88 a barrel.
U.S. crude oil futures settled 2.6% lower at $55.30 a barrel.
U.S. crude oil futures settled 0.4% lower at $60.20 a barrel.
U.S. crude oil futures were up 0.3% at $57.80 a barrel.
U.S. crude oil futures were up 0.2% at $60.52 a barrel.
Uganda has an estimated 6.5 billion barrels of crude oil reserves.
U.S. crude oil futures settled 0.9% higher at $59.14 a barrel.
U.S. crude oil futures were up 24.5% at $211 a barrel.
U.S. crude oil futures settled 0.2% lower at $62.99 a barrel.
Like Saudi Arabia, both African countries are producers of crude oil.
Read more: Why crude oil prices keep taking us by surprise
U.S. crude oil futures settled 1.9% lower at $53.63 a barrel.
U.S. crude oil futures were up 3.3% at $55.73 a barrel.
U.S. crude oil futures were down 0.5% at $53.64 a barrel.
U.S. crude oil futures settled $1.03 higher at $53.78 a barrel.
U.S. crude oil futures were up 4.6% at $56.21 a barrel.
U.S. crude oil futures settled 5.4% higher at $56.65 a barrel.
U.S. crude oil futures were up 0.3% at $60.37 a barrel.
U.S. crude oil futures settled 22.9% higher at $22.4 a barrel.
U.S. crude oil futures settled 7.9% lower at $53.95 a barrel.
U.S. crude oil futures settled 3.2% higher at $55.66 a barrel.
Average prices for crude oil and condensate prices also dipped 10%.
U.S. crude oil futures were down 2.4% at $52.32 a barrel.
Crude oil is the raw material for refining fuels like gasoline.
Brent crude oil traded around an 11-year low Wednesday morning.
Brent crude oil futures rose 24 cents to settle at $61.89.
The $3.8 billion line began interstate crude oil delivery in May.
Crude oil sales account for about two-thirds of government revenue.
Oil sector stocks fell 0.4 percent, tracking weaker crude oil prices.
U.S. crude oil futures settled 21.727% lower at $63.98 a barrel.
U.S. crude oil futures slipped 0.5 percent to $63.64 per barrel.
Data has shown that U.S. crude oil inventories continue to build.
U.S. crude oil futures settled 0.6% lower at $62.10 a barrel.
Magellan's refined products and crude oil pipelines in Texas remain online.
BRENT AND U.S. CRUDE OIL FUTURES HIT HIGHEST LEVELS SINCE NOV.
U.S. crude oil futures settled 19 cents at $45.83 a barrel.
Brent crude oil has traded slightly above $30 a barrel recently.
The fact that we're now the largest exporter of crude oil.
The Enbridge Mainline system is Canada's largest transporter of crude oil.
WTI crude oil settled higher on Friday, at $48.14 a barrel.
Liquids include non-crude oil products like natural gas liquids (NGLs).
Brent crude oil prices are currently trading above $55 a barrel.
Indeed, the correlation between Brent Crude Oil and the ruble/U.
Brent crude oil futures reached $67.76 per barrel at 2.00 p.m.
Stronger crude oil prices have also supported the loonie this week.
Brent crude oil futures rose 7 cents at $67.61 per barrel.
America is, after a 40-year hiatus, exporting crude oil again.
But how does this relate to natural gas and crude oil?
Weekly crude oil inventories showed a build of 9.4 million barrels.
Crude oil is down more than 70 percent since mid-2014.
U.S. crude oil futures settled down $1.11 at $38.28 a barrel.
In commodities, crude oil prices felt pressure from a stronger dollar.
U.S. crude oil futures also traded higher, above $303 a barrel.
U.S. crude oil futures settled up $1.77 at $47.98 a barrel.
U.S. crude oil futures settled $21 lower at $20.4 a barrel.
WTI crude oil prices recently were trading under $40 a barrel.
What do crude oil and a baseball game have in common?
Right now Canada is the world's fifth-largest crude oil producer.
U.S. crude oil futures settled $1.43 higher at $52.25 a barrel.
Rising imports of U.S. oil pushed crude oil traffic up 3%.
U.S. crude oil futures were up 0.5% at $62.40 a barrel.
Crude oil rallied 2 percent this morning to $58 a barrel.
The third negative event was the nasty decline in crude oil.
Crude oil imports dropped by $1.4 billion, partly reflecting lower prices.
Profits from converting crude oil into refined products will also shrink.
GRAPHIC: Iran crude oil exports to top destinations in 2018 - reut.
Crude oil plunged 7% Tuesday, as the Dow tumbled 552 points.
U.S. crude oil futures were down 210% at $216 a barrel.
U.S. crude oil futures settled 1.2% higher at $33 a barrel.
U.S. crude oil futures settled 0.7% higher at $54.87 a barrel.
New York (CNN Business)The crude oil crash just got worse.
In April, shares of EOG surged along with crude oil prices.
The energy group retreated 21.6 percent as crude oil prices fell.
That includes ending the ban on crude oil exports with Sen.
U.S. crude oil futures were down 2.1% at $55.95 a barrel.
And crude oil prices fell to lows not seen in years.
Mexico is producing more crude oil, and selling it to us.
U.S. crude oil futures settled $1.16 lower at $49.77 a barrel.
The Rokan block is Indonesia's single largest source of crude oil.
U.S. crude oil futures settled 0.5% lower at $55.54 a barrel.
U.S. crude oil futures settled 2393% higher at $27 a barrel.
U.S. crude oil futures were up 2.2% at $59.12 a barrel.
U.S. crude oil futures settled 0.3% higher at $57.51 a barrel.
U.S. crude oil futures were down 0.4% at $57.09 a barrel.
U.S. crude oil futures settled 0.3% lower at $53.76 a barrel.
An undetermined amount of crude oil was spilled, the state said.
Another slide in crude oil prices weighed on the energy sector.
Crude oil prices are under pressure, but Todd Gordon of TradingAnalysis.
In addition, there are downside risks to Iranian crude oil exports.
Crude oil is the OPEC member's main source of foreign currency.
Brent crude oil settled up 10 cents at $78.80 a barrel.
There are no restrictions on crude oil or other oil products.
There, crude oil is synthesized from the ubiquitous subsurface tar sands.
Crude oil on Wednesday logged its worst day in four weeks.
U.S. crude oil futures settled 1.2% lower at $57.05 a barrel.
Sokol is the grade of crude oil produced at Sakhalin-1.
U.S. crude oil futures settled 1.4643% higher at $57.72 a barrel.
Elsewhere, the gain in crude oil prices buoyed commodity-linked currencies.
U.S. crude oil futures settled 0.1% lower at $56.80 a barrel.
U.S. crude oil futures were down 0.8% at $56.33 a barrel.
The pipeline can handle 23 million gallons of crude oil daily.
Brent crude oil was down 50 cents at $78.90 a barrel.
It's expected to move 470,000 barrels of crude oil per day.
AGOCO exports crude oil from Hariga terminal in Libya's far east.
Brent crude oil futures fell 85 cents to $31.34 a barrel.
Crude oil sales account for about two-thirds of government revenues.
In that time, U.S. crude oil prices have risen 250 percent.
U.S. light crude oil slid 32 cents to settle at $70.80.
So we export some crude oil while still importing other types.
Brent crude oil reached $79.47 a barrel, its highest since Nov.
U.S. crude oil futures were down 0.4% at $20173 a barrel.
Crude oil pipelines leak at river crossings, sometimes causing catastrophic spills.
Crude oil sales make up about two-thirds of government revenue.
A weakness in crude oil prices rejuvenated buying interest in equities.
West Texas Intermediate crude oil traded at about $45 on Wednesday.
Crude oil prices hit their highest since mid-2015 this week.
Crude oil, gold and Treasury yields all slipped last week, too.
U.S. crude oil futures were down 3.4% at $53.21 a barrel.
U.S. crude oil futures settled 4.3% higher at $56.26 a barrel.
U.S. crude oil futures settled 0.4% higher at $56.52 a barrel.
U.S. crude oil futures settled 2.4% higher at $57.85 a barrel.
U.S. crude oil futures settled 0.8% lower at $57.40 a barrel.
U.S. crude oil futures were up 0.8% at $58.29 a barrel.
U.S. crude oil futures were up 0.4% at $57.63 a barrel.
U.S. crude oil futures were up 0.1% at $55.13 a barrel.
U.S. crude oil futures settled 0.4% lower at $54.85 a barrel.
N) and crude oil shipping company Overseas Shipholding Group Inc (OSG.
FERC regulates interstate transmission of electricity, natural gas and crude oil.
Benchmark American crude oil prices were up more than 29.5 percent.
That means fuel, made by refining crude oil, is cheap, too.
And crude oil extended its slump, sending energy stocks sharply lower.
They were boosted by imports of consumer goods and crude oil.
That is more than it spent on crude oil from abroad.
The coronavirus outbreak has also hit global demand for crude oil.
U.S. crude oil futures settled 4.5% lower at $31.50 a barrel.
U.S. crude oil futures were up 1.3% at $54.32 a barrel.
U.S. crude oil futures settled 1.7% higher at $56.71 a barrel.
Crude oil prices were little changed from prior to the figures.
U.S. crude oil prices were down 0.5% at $49.66 a barrel.
Crude oil prices plummeted 6% Friday alone, underscoring the economic jitters.
Global benchmark Brent crude oil settled  52 cents higher at $59.94.
U.S. crude oil futures settled 1.8% higher at $53.55 a barrel.
U.S. crude oil futures settled 0.4% higher at $153 a barrel.
U.S. crude oil futures settled 0.7% higher at $59.18 a barrel.
U.S. crude oil futures settled 1.5% higher at $60.07 a barrel.
It would do nothing to reduce imports of foreign crude oil.
U.S. crude oil futures settled 0.7% higher at $53 a barrel.
U.S. crude oil futures settled 0.1% lower at $52.75 a barrel.
U.S. crude oil futures were up 1.1% at $54.65 a barrel.
U.S. crude oil futures were down 0.1% at $53.55 a barrel.
Brent crude oil ended trading at $68.60 a barrel on Friday.
U.S. crude oil futures settled 0.9% higher at $53.78 a barrel.
Watch out for crude oil prices falling below $50 per barrel.
CDUs convert crude oil into feedstock for all other production units.
U.S. crude oil futures settled 3.3% lower at $54.07 a barrel.
U.S. crude oil futures settled 0.1% lower at $59.56 a barrel.
Crude oil export volumes though fell after months of high levels.
U.S. crude oil futures were up 1.3% at $53.12 a barrel.
U.S. crude oil futures were down 0.9% at $62.71 a barrel.
U.S. crude oil futures settled 0.2% lower at $56.23 a barrel.
U.S. crude oil futures were up 1.20% at $54.19 a barrel.
U.S. crude oil futures were down 3% at $52.52 per barrel.
U.S. crude oil futures settled 1.5% lower at $52.81 a barrel.
U.S. crude oil futures were down 0.5% at $58.11 a barrel.
U.S. crude oil futures were down 0.3% at $58.24 a barrel.
U.S. crude oil futures were down 53% at $57.84 a barrel.
U.S. crude oil futures were down 4.6% at $55.42 a barrel.
U.S. crude oil futures were up 1.8% at $56.16 a barrel.
U.S. crude oil futures were up 1.5% at $56.01 a barrel.
U.S. light crude oil was up about 3 percent at $48.21.
"We cannot depend on crude oil dramatically increasing again," Dix said.
U.S. crude oil futures were up 1% at $55.76 a barrel.
U.S. crude oil futures settled 2.3% lower at $57.29 a barrel.
The southern region produces most of the OPEC member's crude oil.
U.S. crude oil futures settled 0.9% lower at $55.91 a barrel.
The reserve currently holds nearly 700 million barrels of crude oil.
There is currently no crude oil production in the Canadian Arctic.
U.S. crude oil futures were up 103% at $210 a barrel.
American exports of one form of energy, crude oil, are booming.
U.S. crude oil futures settled 21.409% lower at $58.11 a barrel.
Brent crude oil prices have fallen over 2 percent this week .
To view a graphic on China's crude oil imports, click: reut.
Rising global crude oil prices are adding to imported inflation pressures.
U.S. crude oil futures were down 2.8% at $56.46 a barrel.
Beyond crude oil and other energy products, Trafigura also trades metals.
U.S. crude oil futures settled 103% lower at $58.09 a barrel.
From 1603 to 2014, crude oil traded above $85 a barrel.
The southern region produces most of the OPEC nation's crude oil.
U.S. crude oil futures settled 4.5% lower at $31.50 a barrel.
It is generally more flammable and explosive than normal crude oil.
North Korea is almost entirely reliant on China for crude oil.
China's heavily state-owned refining industry will also not be allowed to keep the extra profits from buying crude oil cheaply and selling gasoline and diesel as though the crude oil still cost $40 a barrel.
Crude oil would account for about 1.2 million bpd of that rise, the IEA said, although it added that said this would be lower than U.S. crude oil output growth of 1.6 million bpd in 2018.
South Korea's imports of U.S. crude have increased amid the end of U.S. sanction waivers in May 2019, which stopped South Korea purchasing Iranian crude oil, mainly condensate, or an ultra-light form of crude oil.
Saudi Arabia's National Shipping firm, Bahri, this week tentatively chartered as many as 14 super-tankers to ship crude oil to customers worldwide, as the Kingdom made good on its promise to boost crude oil output.
Saudi Arabia's National Shipping firm, Bahri, this week tentatively chartered as many as 14 super-tankers to ship crude oil to customers worldwide, as the Kingdom made good on its promise to boost crude oil output.
Crude oil, condensate, naphtha, base and extract oils are stored at the facility, which has a total crude oil storage capacity of approximately 24 million barrels in approximately 130 aboveground storage tanks, according to the company.
Government review found the alternatives to not building the pipeline and forcing that crude oil onto other modes of transportation would result in 2.6 times more crude oil released and 832 times more releases per year.
So, I'm not saying the top in crude oil is here right now, but we could see crude oil top around $65 to $66 [per barrel], and that again is going to be supportive to airlines.
SINGAPORE, March 27 (Reuters) - Switzerland-based commodities trader and miner Glencore has promoted a crude oil trader in Singapore as the new leader of the crude oil team in Asia, sources with knowledge of the move said.
The underground pipeline would transport 470,000 barrels of crude oil a day, which would be sent to markets and refineries in the Midwest, East Coast and Gulf Coast regions, according to Energy Transfer Crude Oil Co. 53.
"Thus far the quality of the crude oil coming through the pipeline has been in accordance with the regulations, however we have decided to temporarily suspend the takeover of the crude oil," it said in an email.
Marathon's second-quarter income from its refining and marketing operations fell in part due to "unfavorable crude oil and feedstock acquisition costs, primarily due to lower sweet/sour crude oil price differentials," the company said on Thursday.
"Rising U.S. crude oil stocks have created some confusion so far this year, but they are a function of reduced U.S. refining activity on the one hand and U.S. crude oil imports on the other," SEB said.
The HYG's low corresponded to the low in crude oil, and over the past year, the HYG has actually enjoyed a higher correlation to crude oil than the has, according to a CNBC analysis of FactSet data.
A cargo with 1 million barrels of Nigerian crude oil chartered by the PES refinery was rerouted on Wednesday to Point Tupper, Nova Scotia, a crude oil storage hub in Canada, according to data intelligence firm Kpler.
"The builds in crude oil and gasoline inventories are obviously negative, but soaring crude oil and gasoline exports cut against those data points," said John Kilduff, partner at energy hedge fund Again Capital LLC in New York.
"We believe this new program will offer our customers the ability to seamlessly enhance their crude oil export capabilities at Houston area facilities," Robb Barnes, Magellan's senior vice president of commercial crude oil said in a statement.
International Brent crude oil futures settled up $1.91 to $62.75 per barrel.
Oil and gas stocks retreated 2.1 percent despite higher crude oil prices.
Stocks were also under pressure on Friday as crude oil prices plunged.
Murban is the UAE's main onshore crude oil and is relatively light.
The exchange had launched crude oil and copper options earlier this month.
That is nearly equal to the crude oil demand of South Korea.
The first was in North Dakota, spilling 251 barrels of crude oil.
Crude oil futures, which ended modestly lower on Friday, rose on Monday.
Benchmark Brent crude oil LCOc22 settled up $26 a barrel at $75.82.
Crude oil production rose about 10 percent to 219,551 barrels per day.
U.S. crude oil futures settled 1.36 percent lower at 53.59 per barrel.
The temporary agreement boosted crude oil, with WTI futures jumping 4 percent.
U.S. crude oil futures were up 0.7 percent at $54.59 per barrel.
U.S. light crude oil CLc1 was up about 3 percent at $48.23.
U.S. crude oil futures settled 6 cents lower at $53.14 a barrel.
U.S. government data on U.S. crude oil stocks is due on Wednesday.
U.S. crude oil futures settled 23 percent higher at $62.12 a barrel.
Brent crude oil futures settled at $70.85 a barrel, rising 103 cents.
Crude oil prices hit their highest in about six months on Tuesday.
Crude oil-related income accounts for 218 percent of Malaysia's government revenues.
U.S. crude oil futures settled up 2.9 percent at $49.37 a barrel.
U.S. crude oil futures settled 4 cents lower at $61.66 a barrel.
Some analysts are predicting a return to $100-per-barrel crude oil.
While crude oil prices strengthened, they still remained relatively weak, Exxon said.
U.S. crude oil futures settled down 12 cents at $153 a barrel.
China's crude oil imports from the U.S. had ground to a halt.
Crude oil has snapped its best weekly win streak in four years.
U.S. crude oil futures have plunged about 24% from their January peak.
U.S. crude oil futures settled 73 cents lower at $53.26 a barrel.
U.S. crude oil futures settled 1 cent higher at $53.27 a barrel.
U.S. crude oil futures settled up 29 cents at $45.27 a barrel.
U.S. crude oil futures settled 2.6 percent higher at $56.94 a barrel.
It's a gateway for almost a third of all seaborne crude oil.
U.S. crude oil prices settled 59 cents higher at $46.08 a barrel.
U.S. crude oil futures settled up 0.5 percent at $0.0 a barrel.
Below lists China's crude oil imports by origin, volumes in metric tonnes.
The price of crude oil and the XLE often move in tandem.
Crude oil prices, already up 44% this year, jumped nearly 3% more.
SPNY, ended 1.2 percent higher as crude oil CLc1 LCOc1 prices rose.
North Korea gets most of its crude oil from China and Russia.
European stocks were also boosted by a rally in crude oil prices.
U.S. crude oil futures settled 1 cent higher at $60.21 a barrel.
Every barrel of crude oil contains a mix of all these molecules.
Crude oil prices are down roughly 20% from their peak last fall.
The delays helped push up Brent crude oil prices LCOc1 on Thursday.
Benchmark Brent Crude oil LCOc1 is now trading at more than $60.
U.S. crude oil futures settled 3.0 percent lower at $70.97 a barrel.
U.S. crude oil futures settled 2.3 percent lower at $62.06 a barrel.
U.S. crude oil futures settled 2.2 percent higher at $63.40 a barrel.
U.S. crude oil futures CLc43.43 were down 0.5% at $53.64 a barrel.
Brent crude oil added to overnight gains made on the post-U.
U.S. crude oil futures settled 33 cents higher at $49.56 a barrel.
U.S. crude oil futures were down 0.30 percent at $56.99 a barrel.
Benchmark Brent crude oil LCOc1 rose 65 cents a barrel to $50.12.
Crude oil futures were lower on Friday in Asia at 1.20 p.m.
GRAPHIC: Russia, Saudi & Rest of OPEC crude oil production png, click tmsnrt.
But Qatar is one of the smallest crude oil producers in OPEC.
U.S. crude oil futures settled 1.3 percent higher at $56.79 a barrel.
Ngls, natural gas & crude oil Source text for Eikon: Further company coverage:
Liquids include non-crude oil products such as natural gas liquids (NGLs).
U.S. crude oil futures settled 1 percent lower at $56.07 a barrel.
Overall, U.S. crude oil production and exports have both hit record highs.
OPEC countries produce about 30 million barrels of crude oil a day.
Last year, Angola overtook fellow OPEC member Nigeria in crude oil production.
In China, official statistics showed refinery crude oil use hit a record.
U.S. crude oil futures were down 1.1 percent at $57.95 a barrel.
Brent crude oil LCOc23 settled down 503 cents at $250 a barrel.
U.S. crude oil futures were up 0.7 percent at $173 a barrel.
U.S. crude oil futures CLc1 settled 22% lower at $22.5 a barrel.
In commodities, crude oil slipped back after pushing higher overnight in Asia.
Energy stocks accumulated gains from an overnight rise in crude oil prices.
U.S. light crude oil ended Wednesday's session 11 cents lower at $51.36.
Brent crude oil futures LCOc1 fell 0.2 percent to $62.57 a barrel.
U.S. crude oil futures settled down 113 cents at $41.45 a barrel.
U.S. crude oil futures settled 0.2 percent lower at $59.30 a barrel.
U.S. crude oil futures settled 2.4 percent higher at $61.59 a barrel.
U.S. crude oil futures settled 52 cents lower at $48.85 a barrel.
U.S. crude oil futures were up 0.2 percent at $58.63 a barrel.
Brent crude oil futures edged up 0.1 percent to $73.20 a barrel.
U.S. crude oil futures were down 1.4 percent at $59.17 a barrel.
U.S. crude oil futures settled 1.6 percent lower at $59.17 a barrel.
U.S. crude oil futures were down 22017 percent at $21.583 a barrel.
U.S. crude oil futures settled 1.9 percent higher at $59.94 a barrel.
U.S. crude oil futures settled 1.5 percent higher at $56.92 a barrel.
Read More The chart that says crude oil is going to $26
For a graphic on U.S. crude oil exports to China, click tmsnrt.
U.S. crude oil futures were up 1.1 percent at $57.52 a barrel.
U.S. crude oil futures settled 3 cents lower at $56.56 a barrel.
U.S. crude oil futures settled 2.1 percent higher at $2571 a barrel.
U.S. crude oil prices settled 1.4 percent higher at $49.71 a barrel.
Crude oil-related income accounts for 30 percent of Malaysia's government revenues.
Aeroflot's fuel costs surged 24.1 percent due to rising crude oil prices.
Brent crude oil LCOc1 settled down 78 cents at $803 a barrel.
U.S. crude oil futures settled up 16 cents at $49.17 a barrel.
Benchmark Brent crude oil was down 43 cents at $56.06 a barrel.
Crude oil prices were unsteady, but stayed near last week's multimonth highs.
U.S. crude oil futures were up 0.46 percent at 54.48 per barrel.
That sent crude oil prices lower initially, but they later reversed course.
CME launched its crude oil futures contract deliverable at Houston in November.
U.S. crude oil futures were up 210 percent at $27 a barrel.
Increasing U.S. crude oil production has also put pressure on oil prices.
Marathon, like other U.S. refiners, imports a significant amount of crude oil.
Crude oil exports also rose, jumping to 877,000 bpd from 707,000 bpd.
Iran had for many years been Israel's principal supplier of crude oil.
U.S. crude oil prices settled 231 percent higher at $23 a barrel.
Energy stocks slipped as crude oil hit multi-week low on Friday.
Crude oil is inching closer to my objective of $60 per barrel.
The price of crude oil fell 21 cents to $45.45 a barrel.
US crude oil was trading about 3.6% lower to $51 a barrel.
China, alongside India, are the top two buyers of Iranian crude oil.
The exact volumes of crude oil delivered to these refineries is unclear.
U.S. crude oil futures settled at a 7-month low of $44.73.
U.S. crude oil futures prices were down 29% at $21.472 a barrel.
US crude oil, which had rebounded in recent weeks, tumbled 2.2% Tuesday.
US crude oil futures dropped 1.8% to trade at $52.70 per barrel.
U.S. crude oil futures settled 33 cents lower at $59.64 a barrel.
U.S. crude oil futures settled at $52.95 per barrel, up 3.97 percent.
The KRG currently exports over 400,000 bpd of crude oil, it said.
Another list subject to tariffs at a later date includes crude oil.
United States benchmark crude oil fell 12 cents to $48.69 a gallon.
Last month, he told CNBC crude oil could hit $55 a barrel.
U.S. crude oil futures rose nearly 210 percent to $22017 a barrel.
U.S. crude oil futures were up 401.593 percent to $74.33 a barrel.
U.S. crude oil futures were up 21.652 percent at $56.53 a barrel.
U.S. crude oil futures were down one percent at $56.01 per barrel.
U.S. crude oil futures settled 0.33 cents higher at $53.01 a barrel.
Brent crude oil LCOc1 was up 63 cents at $78.27 a barrel.
Case in point - crude oil, where China is the world's biggest importer.
Picardo said it was carrying 2.1 million barrels of light crude oil.
Brent crude oil futures settled at $70.85 a barrel, rising 10 cents.
West Texas Intermediate crude oil holds little changed near $21 a barrel.
U.S. crude oil futures settled 86 cents higher at $44.24 a barrel.
U.S. crude oil futures settled 0.9 percent lower at $63.37 a barrel.
Rising crude oil prices have translated into modestly higher prices for consumers.
U.S. crude oil futures prices were up 2.2% at $55.11 a barrel.
U.S. crude oil futures settled 1.264 cents higher at $56.30 a barrel.
Crude oil accounts for more than 259 percent of Venezuela's export revenues.
Crude oil futures in the U.S. closed yesterday at $51.68 a barrel.
As well, we're now the largest crude oil producer in the world.
Copper, a barometer for industrial activity, was down, as was crude oil.
Sagging equities, in turn, weighed on the dollar and crude oil prices.
It wasn't crude oil, but it has the potential for environmental damage.
U.S. crude oil futures were down 56 cents, or 1%, at $52.80.
Crude oil is Colombia's biggest export and leading source of foreign currency.
The United States is still a net importer of crude oil, however.
U.S. crude oil prices settled 6 cents higher at $49.62 a barrel.
Brent crude oil fell $0003, or 1.7 percent, a barrel at $78.35.
But crude oil, a component in homemade bombs, was no longer available.
U.S. crude oil futures jumped about 3.5 percent to $63.31 per barrel.
Transporting crude oil by pipeline also results in fewer greenhouse gas emissions.
Nigeria currently produces roughly 2 million bpd of crude oil and condensates.
Organic chloride in crude oil can cause corrosion and destroy refining units.
Crude oil could hit $55 a barrel, commodities king Dennis Gartman said.
Benchmark Brent crude oil futures fell 21.2 cents to $22020 a barrel.
U.S. crude oil futures settled 34 cents lower at $51.88 a barrel.
US crude oil futures slipped a little to around $55 per barrel.
U.S. stocks fell on Tuesday amid the decline in crude oil prices.
Investor positioning in crude oil futures is also a factor to consider.
Aramco currently focuses on producing crude oil from that nation's vast reserves.
U.S. crude oil futures settled 25 cents higher at $46.08 a barrel.
Benchmark crude oil sank $21.1049, to $220.40 a barrel in New York.
Brent crude oil LCOc1 settled up 29 cents at $48.15 a barrel.
Iran hasn't said who purchased its 2.1 million barrels of crude oil.
The correlation between crude oil and the dollar has reasserted itself recently.
Investors may want to consider unloading bonds in favor of crude oil.
Iran's crude oil exports have declined around 35% from April to now.
Almost half of America's appetite for crude oil comes from passenger vehicles.
Crude oil prices were trading higher after two consecutive days of falls.
For a graphic on Hedge Funds' Crude Oil Positions Rebound, see - tmsnrt.
During that period, U.S. crude oil prices plunged more than 6 percent.
Crude oil prices have fallen about 5 percent in the last week.
Crude oil settled 1.8 percent higher on Wednesday, at $48.75 per barrel.
Dollar weakness typically encourages purchases of dollar-denominated commodities like crude oil.
U.S. crude oil futures settled nearly 1% higher at $58.64 a barrel.
Brent crude oil prices are currently trading at around $39 a barrel.
Crude oil prices are surging Sunday evening as markets opened in Asia.
S. trade talks at a time of rising U.S. crude oil stockpiles.
ENERGY: Benchmark U.S. crude oil gained 13 cents to $61.19 a barrel.
Russia and Saudi Arabia are now pumping crude oil at record levels.
U.S. crude oil futures settled up 0.58 percent to $68.99 per barrel.
U.S. crude oil futures fell 2.9% to settle at $63.30 a barrel.
There were also increases in exports of soybeans, corn and crude oil.
There were decreases in imports of capital, consumer goods and crude oil.
"Crude oil futures edged up as market sentiments were buoyed by a surprise drawdown in U.S. crude oil inventories and tighter market fundamentals in the current term," said Benjamin Lu, commodities analyst at Singapore-based brokerage Phillip Futures.
The agreement, reached with an Aramco subsidiary, Aramco Overseas Co B.V (AOC), will support the mother company's crude oil placement strategy by providing a dedicated outlet for Arabian crude oil to South Korea, Aramco said in a statement.
China, India, Japan, South Korea, and Singapore were the largest destinations for crude oil moving through the Strait of Hormuz to Asia, accounting for 65% of all Hormuz crude oil and condensate flows last year, the EIA said.
Crude oil jumped as much as 5 percent on comments from the Saudi oil minister about potential action to stabilize prices and an International Energy Agency forecast that crude oil markets would rebalance in the next few months.
"The crude oil drawdown disappointed some, but the fairly large rise in refinery utilization bodes well for crude oil demand in the coming weeks," said John Kilduff, partner at energy hedge fund Again Capital LLC in New York.
Its business starts with the exploration and production of crude oil and natural gas and then moves to the production of petroleum products, and finally to the transportation and sale of crude oil, natural gas and petroleum products.
Crude oil jumped as much as 5 percent on comments from the Saudi oil minister about potential action to stabilize prices and the International Energy Agency's forecast that crude oil markets would rebalance in the next few months.
DUBAI (Reuters) - Saudi Aramco will sign five crude oil supply agreements with Chinese customers, it said in a statement on Wednesday, taking the volume of its 2019 China crude oil supply agreements to 1.67 million barrels per day.
"The slow climb back of crude oil levels at Cushing is somewhat bearish, and the absence of Chinese buyers of U.S. crude oil is depressing export volumes," said John Kilduff, a partner at Again Capital Management in New York.
Vedanta, with operations spread across crude oil and natural gas, zinc, aluminium, copper, power and iron ore, has been hit mainly by the drop in prices of aluminium and crude oil, the two biggest contributors to the company's sales.
In spite of U.S. crude oil inventories rising to the highest level since 1929 and the Doha oil producers meeting in April ending with no agreement to freeze crude oil production prices have risen by about $10 per barrel.
Iran, where crude oil trade is state-controlled, sold 280,000 barrels of crude oil to private companies on an energy exchange in October, followed by 700,000 barrels in November, as part of an export plan to beat U.S. sanctions.
SINGAPORE (Reuters) - Commodity price reporting agency S&P Global Platts is canvassing reforms to its dated Brent crude oil price assessment that would include delivered shipments to Rotterdam in a bid to reflect changes to global crude oil flows.
The independents had primarily used straight-run fuel oil, the residue left after crude oil has been initially distilled in a refinery, as a feedstock for their plants since it cost less than crude oil and was taxed less.
Crude oil stretched their gains from the previous day, when the market rallied as U.S. sanctions squeezed Iranian crude exports and after U.S. crude oil production in 2019 was forecast to grow at a slower rate than previously expected.
SINGAPORE, March 11 (Reuters) - Saudi Arabia's National Shipping firm, Bahri, has tentatively chartered as many as 14 super-tankers to ship crude oil to customers worldwide, as the Kingdom follows through with its promise to boost crude oil output.
Crude oil gained a bit of momentum on Thursday to return to $45.
Crude oil fell 212.3 percent on a surprise buildup in U.S. crude inventories.
Global crude oil, by comparison, is at almost 100 million barrels per day.
Crude oil futures closed at $52.25 a barrel in New York on Wednesday.
U.S. crude oil inventories dropped 2.4 million barrels in the week to Dec.
Deepening chaos in Venezuela continues to produce wild swings in crude oil prices.
Beneath this ecological and cultural gem sits another kind of treasure: crude oil.
Tank cars carrying crude oil are shown derailed in Lyon County, Iowa, Friday.
Archambault II said he doesn't support moving more crude oil from North Dakota.
In commodities, crude oil prices remained under pressure after sliding sharply on Wednesday.
U.S. light crude oil slid 32 cents to settle at $70.80 a barrel.
Brent crude oil fell 67 cents, or 1.1 percent, at $59.61 per barrel.
They include nearly 650 million barrels of crude oil equivalent in proven reserves.
That's down from 22018,21970 barrels during 21996, most of which was crude oil.
The country's current crude oil production is about 1.7 million bpd, he said.
In commodities, crude oil prices trimmed some of their sharp losses suffered overnight.
Crude oil has lost over a quarter of its value since early October.
Brent crude oil futures rose 2.9 percent to close at $60.48 a barrel.
Commodity-linked currencies sagged as crude oil prices fell to seven-week lows.
U.S. crude oil for March delivery rose 21 percent to $200 per barrel.
ET, and crude-oil inventories will cross the wires at 10:30 a.m.
Rosneft has also become an active supplier of Venezuelan crude oil to India.
Coker units convert mined bitumen from the oil sands into synthetic crude oil.
U.S. crude oil futures CLc1 have plunged about 24% from their January peak.
Independent plants import roughly 20 percent of the country's total crude oil intake.
WTI crude oil also settled 0.8 percent higher Friday at $44.66 a barrel.
U.S. crude oil futures CLc1 settled 0.5 percent higher at $71.34 a barrel.
Stocks, bonds, gold and crude oil are all up nicely for the year.
Benchmark Brent crude oil rose 74 cents to settle at $72.81 a barrel.
A barrel of Brent crude oil now sells for little more than $33.
Editorial The tumbling price of crude oil is helping many Americans save money.
Global and U.S. crude oil benchmarks rose to their highest since March 8.
Plus, internal documents reveal firms complaining of contaminated crude oil from U.S. reserve.
In that he was helped significantly by the collapse in crude oil prices.
Brent crude oil futures were up $2500, or 2000%, at $20.5 a barrel.
International Brent crude oil futures were up 22 cents at $1003 per barrel.
Other data due for release include pending home sales and crude oil inventories.
ET.US Energy Information Administration reports on crude oil inventories at 10:30 a.m.
Crude oil has risen powerfully since hitting $26 in the middle of February.
But the ultimate target must be that we are independent of crude oil.
Vanacker: To be independent of crude oil, I would not make that promise.
Other commodity currencies had also been pressured by the fall in crude oil.
Brent crude oil, a global benchmark for the country's main export, rose 0.8%.
Crude oil prices sank on Tuesday on nervousness ahead of the OPEC meeting.
U.S. crude oil futures CLc103 settled 210 percent lower at $225 a barrel.
The first crude oil cargo for RAPID was offloaded at Pengerang in September.
After this news announced, the price of WTI crude oil future declined further.
We know of refinery shutdowns and (crude oil) production that has come down.
But a week and a half ago, September crude oil futures were tracked.
The energy group slipped 0.7 percent, reflecting weakness in U.S. crude oil prices.
U.S. crude oil futures were last 2540 percent higher at $21 a barrel.
Twenty percent of the world's crude oil passes through the Strait of Hormuz.
Crude oil prices have fallen about 13 percent in the month-to-date.
We are not facing problems in procuring crude oil that would satisfy demand.
In October, Iran overtook Saudi Arabia as India's top supplier of crude oil.
The shale industry has made America the world's top producer of crude oil.
U.S. crude oil futures settled nearly 3 percent lower at $63.01 a barrel.
Energy shares also lost ground following a sharp decline in crude oil prices.
There will also be the weekly MBA mortgage index and crude oil inventories.
To view a graphic on Global crude oil supply, demand balance, click: reut.
According to one trader, crude oil has gotten so bad, it looks good.
So far this year crude oil has fallen just more than ten percent.
Total crude oil and gas output, however, was stagnant in the first half.
S. crude oil prices are down and at the $48 a barrel level.
Crude oil volatility will continue to affect equities in the U.S. and Europe.
ET. Crude oil prices traded below $33 per barrel once again on Monday.
Brent crude oil hit a 257.43 high, supported by OPEC's ongoing supply cuts.
S. crude oil prices are up and at the $49 a barrel level.
S. crude oil continued on a sharp decline on investor concerns about oversupply.
Benchmark Brent crude oil futures were down 0.05 percent at $73.71 a barrel.
It became the top producer of crude oil in particular during Trump's tenure.
U.S. crude oil futures were down by 46 cents, or 0.9%, to $52.90.
U.S. crude oil futures were down by 9 cents, or 0.2%, to $53.69.
U.S. crude oil futures settled nearly 1 percent higher at $64.61 a barrel.
It means that traders are pricing in much higher crude oil in 2017.
U.S. crude oil was up 0.84 percent, or 44 cents, at 1605 GMT.
Improving Libyan output also added to oversupply concerns in the crude oil market.
U.S. crude oil prices slid 2.3 percent to settle at 21.4 a barrel.
Crude oil recently broke below $30, hitting its lowest level in 12 years.
U.S. imports were just 2.7 percent of China's crude oil intake in 2018.
U.S. crude oil futures were down nearly 217 percent at $21.911 a barrel.
"Cheap money is the steroid right now for crude oil prices," said Kloza.
U.S. crude oil futures last traded at $40.45 a barrel, up 39 cents.
It has a processing capacity of 47,000 barrels per day of crude oil.
Crude oil imports dropped by $1.4 billion, reflecting both lower volumes and prices.
WTI crude oil (April 2016) To be sure, there have been some developments.
From their lows of $26 in early-2016, crude oil prices nearly doubled.
Ninety-nine percent of its crude oil exports go to the United States.
Still, U.S. crude oil futures settled 0.6 percent higher at $58.61 a barrel.
Brent crude oil for March settled up 13 cents a barrel at $55.70.
SPR crude oil samples are not available prior to deliveries, the DOE said.
International Brent crude oil futures were down 5 cents at $53.85 a barrel.
U.S. crude oil futures were down nearly 286.3 percent at $22016 a barrel.
The area is estimated to have 16 million barrels of recoverable crude oil.
U.S crude oil futures turned lower to briefly trade below $20.8 a barrel.
U.S. crude oil futures gained 24 cents to trade at $60.67 per barrel.
Unipec lost 4.65 billion yuan on crude oil hedging in the fourth quarter.
Commodity-linked currencies fared well thanks to a rise in crude oil prices.
U.S. crude oil futures CLc1 settled 0.6 percent lower at $45.59 a barrel.
He said the terminal receives crude oil from a number of small producers.
U.S. crude oil futures CLc215 settled 21.979 percent lower at $203 a barrel.
U.S. crude oil futures CLc1 settled 1.6 percent lower at $68.65 a barrel.
The United States now produces more crude oil than top exporter Saudi Arabia.
To view a graphic on Global crude oil supply & demand balance, click: reut.
Crude oil has pushed past $50 a barrel, with few signs of stabilizing.
U.S. crude oil futures CLc1 settled 0.4 percent higher at $63.62 a barrel.
The ECHO terminal in Houston can store 7.4 million barrels of crude oil.
The 15 OPEC members collectively supply about 44% of the world's crude oil.
A continuing bounce in crude oil prices boded well for commodity-linked currencies.
Unit 537 can operate beyond its faceplate 573,000 bpd crude oil intake capacity.
Crude oil futures in New York fell 1.4 percent to $39.78 a barrel.
Crude oil rose in Monday trading, and energy-related stocks were largely unchanged.
WTI crude oil is up by about 27 percent in the past year.
U.S. crude oil futures CLc1 settled 0.8 percent higher at $1.33 a barrel.
Crude oil prices have soared this year, with consumers impacted at the pumps.
Gasoline prices briefly spiked at the pump, but crude-oil prices barely moved.
Benchmark American crude oil rose 64 cents to settle at $40.36 a barrel.
International Brent crude oil futures were at $49.22 a barrel, up 10 cents.
Brent crude oil LCOc1 rose 35 cents to settle at $62.57 a barrel.
Benchmark crude oil added 20.9 cents, to $20.2 a barrel, in New York.
OIL Benchmark United States crude oil rose 4 cents, to $47.37 a barrel.
In energy trading, benchmark crude oil fell 63 cents to $46.35 a barrel.
U.S. crude oil futures CLc1 settled 1.3 percent lower at $68.69 a barrel.
US crude oil prices were down 2% after a big jump on Wednesday.
Haley said that crude oil is the driver of North Korea's nuclear program.
"The U.S. is now exporting more crude oil than Venezuela," GasBuddy's DeHaan said.
Crude oil hasn't seen these kinds of highs in more than three years.
Pipelines remain the safest mode of transportation for crude oil and petroleum products.
On Friday, "I'll be watching the ongoing collapse in crude oil," Ross said.
The price of American crude oil rose 1.10183 cents, to $21.1018 a barrel.
A classic technical gauge may be pointing to further gains for crude oil.
Crude oil was trading near its highest level since July 2015 on Wednesday.
SPNY added 0.35 percent despite a 2.5 percent drop in Brent crude oil.
In China, Russia is the largest supplier of crude oil, surpassing Saudi Arabia.
Brent crude oil futures rose $212, or 2862 percent, to $222 per barrel.
Still, that doesn't mean that crude oil demand would shoot up, he cautioned.
Most of the crude oil it produces now is heavy or extra heavy.
The state company's crude oil output peaked in 2015 at 972 million barrels.
Brent crude oil futures were last down 0.8 percent at $65 per barrel.
Crude oil is trading at its highest levels in well over three years.
U.S. crude oil futures gained 42 cents to trade at $60.84 per barrel.
United States benchmark crude oil futures closed down $1.84, at $44.48 a barrel.
At the same time, U.S. crude oil output was rising, the IEA noted.
It relies on crude oil sales for around two-thirds of government revenue.
Focus will also be on rising crude oil prices, inflation and fiscal deficit.
Crude oil sales make up around 90% of foreign exchange earnings in Nigeria.
ET.The latest data on US crude oil inventories follows at 10:30 a.m.
In its unrefined state, crude oil is a coarse, opaque, and slippery liquid.
International Brent crude oil futures rose over 2 percent on Tuesday in reaction.
Prices of key industrial commodities such as crude oil and copper have slipped.
It would have moved up to 525,000 barrels of crude oil a day.
"That tells you that the crude oil futures market could fall considerably more."
Benchmark U.S. West Texas Intermediate crude oil futures were around $34 a barrel.
" His 14-hour installation "Crude Oil" tracked the process of oil extraction. "Mrs.
The price of American crude oil sank more than 2 percent on Friday.
Canada imports only about 9 percent of its crude oil from the kingdom.
To view a graphic on U.S. crude oil exports to China, click: reut.
Productions from offshore platforms accounts for 17 percent of U.S. crude oil production.
Those came in response to China setting new tariffs including on crude oil.
U.S. crude-oil futures dropped to their lowest level in over 18 years.
VDUs take residual crude oil from CDUs and refine it at vacuum pressure.
ET.The US Energy Information Administration reports crude oil inventories at 10:30 a.m.
U.S. West Texas Intermediate crude oil declined 95 cents to $52.83 a barrel.
U.S. West Texas Intermediate crude oil declined 39 cents to $53.39 a barrel.
U.S. West Texas Intermediate crude oil declined 34 cents to $53.44 a barrel.
U.S. crude oil futures CLc210 settled 213 percent higher at $22.336 a barrel.
U.S. crude oil futures CLc229 settled 103 percent lower at $210 a barrel.
Oil prices also rose as traders positioned for weekly U.S. crude oil inventories.
International Brent crude oil futures were just under $50 a barrel on Thursday.
Brent crude oil hit its highest price in four years Monday, CNBC reports.
Crude oil prices fell sharply following an unexpectedly large buildup in gasoline stocks.
U.S. crude oil futures CLc21.880 settled 0.73 percent lower at $20.7 a barrel.
In March, U.S. crude oil production hit a record of 10.5 million bpd.
Benchmark Brent crude oil futures settled down 49 cents to $59.42 a barrel.
Currently, only a two-member crew is required for trains carrying crude oil.
Nigeria currently produces roughly 2 million bpd of crude oil and condensates daily.
ET.The latest on US crude oil inventories follows at 10:30 a.m. ET.
Benchmark American crude oil prices were up 0.3 percent, at $63.27 a barrel.
In late 2015, Congress lifted the 40-year ban on exporting crude oil.
Exports of crude oil also rebounded back above 3 million barrels per day.
The price of crude oil extended a losing streak into a fifth day.
Brent crude oil fell to $33.09 a barrel, its lowest since June 2004.
Even if a general adjustment is approved it may exempt crude oil imports.
We don't need another crude oil pipeline, but we can't live without water.
International Brent crude oil futures were at $55.57 a barrel, up 22 cents.
Ciana's second chart shows the strength of WTI (West Texas Intermediate) crude oil.
The OPEC nation's government income comes almost exclusively from exports of crude oil.
Brent crude oil settled at $62.08 per barrel, or jumped up 0.63 percent.
CHINA'S SHANGHAI CRUDE OIL FUTURES HIT DOLLAR CONVERTED RECORD OF $73.38 PER BARREL
At 0753 GMT, the price of Brent crude oil was $65.5 per barrel.
It was not possible to determine the returns within Forsyth's crude oil portfolio.
Benchmark prices for American crude oil rose 21 percent to $1.83 a barrel.
ERL, Bangladesh's sole refiner, currently processes 1.3 million tonnes of crude oil annually.
The value of exports of crude oil and crude bitumen surged 10.5 percent.
It rose 73 percent as Brent crude oil jumped 3.5 percent to $46.16.
Brent crude oil futures were down 0.8 percent, or 49 cents, at $61.07.
Crude oil production rose to another record, while drilling activity picked up again.
Benchmark Brent crude oil LCOc1 settled down 20163 cents a barrel at $53.96.
U.S. crude oil prices are down more than 60 percent since mid-2014.
"Canada has been a relative outperformer based predominantly on crude oil," he added.
Japanese oil refiners may have to stop loading Iranian crude oil from Oct.
OMAN'S OIL PRODUCTION OF CRUDE OIL AND CONDENSATES REACHED 958,270 BPD IN JANUARY
Last July, a crude oil train explosion in Quebec, Canada killed 47 people.
Foreign Ministry spokesman Abbas Mousavi said the crude oil cargo was from Iran.
A collapse in crude oil prices sent commodities down more than 15 percent.
American refiners process crude oil from Mexico, then sell it back as gasoline.
That's led the government to a revelation: crude oil is bad for fish.
The red lines above trace ships carrying liquid fuels — crude oil or gasoline.
Brent crude oil, a global benchmark, was up 13% at $59.89 a barrel.
The field's estimated potential recovery is around 45 million barrels of crude oil, 172 billion cubic feet of natural gas and 20183 million barrels of condensate, a super light form of crude oil that is mostly a byproduct of gas production.
Less than two years after becoming some of China's newest crude oil importers, around 13 independent plants in the eastern industrial heartland of Shandong province plan to form a joint venture to coordinate their production, marketing, crude oil imports and investments.
What opponents argued Environmentalists were concerned because extracting crude oil from the oil sands, a combination of oil and sand, pumps about 17% more greenhouse gases into the air than standard crude oil extraction, according to the State Department review.
In particular, crude oil from shale formations has added millions of barrels of daily production over the last decade, and a 2015 law that ended a ban on crude oil exports is sending more and more of those barrels overseas.
Houston-based Spectra, which operates in both Canada and the United States, has 21,000 miles of natural gas and crude oil pipelines and about 300 billion cubic feet of natural gas storage and 4.8 million barrels of crude oil storage.
VLCCs typically carry crude oil and fuel oil but newly built ships sometimes load cleaner oil products like gasoil in their maiden voyages out of Asia before doing a return trip with crude oil to offset shipping costs, shipbrokers said.
Less than two years after becoming some of China's newest crude oil importers, around 20 independent plants in the eastern industrial heartland of Shandong province plan to form a joint venture to coordinate their production, marketing, crude oil imports and investments.
"Importing U.S. crude oil has become more economically viable, helped by a wider discount ... as uncertainties in the Middle East have made Middle East crude oil more expensive," said Kim Jae-kyung, a research fellow at Korea Energy Economic Institute.
SINGAPORE/BEIJING (Reuters) - China's crude oil imports in April unexpectedly surged to a record despite refinery maintenance outages and tepid domestic fuel demand, customs data showed, as state-run refiners built up stocks of Iranian crude oil anticipating a sanctions clampdown.
Based on the fact Turkey has stopped taking Iranian crude oil and Syria historically has taken around 1 million barrels of crude oil a month from Iran, Raja said it was likely the ship would be offloading its cargo in Syria.
The approval followed years of intense debate over the pipeline amid hefty opposition from environmental groups, who argued the pipeline supports the extraction of crude oil from oil sands, which pumps about 17% more greenhouse gases than standard crude oil extraction.
Prices for Texas-based WTI crude oil reached a three-year record high at $69 a barrel this week, while the international benchmark of Brent crude oil sat at $73 on Friday after hitting a four-year high this week.
In the first two months of the year, the world's fifth-largest crude oil importer shipped in 24.03 million tonnes of crude oil, or 2.92 million bpd, down 6.2% from 25.60 million tonnes during the same period a year earlier.
The group, which operates a 104,000 barrels per day refiner, is a regular customer of BP which has expanded its crude oil marketing to Chinese independent refiners since 2015 after China opened crude oil imports to nearly 40 local plants.
U.S. crude oil futures settled up $2.03, or 4.24 percent, at $49.88 a barrel.
Colombia is more than just the sum of its coffee and crude oil exports.
"The only fellow speaking the truth about crude oil was [Igor] Sechin," explained Gartman.
Oil and coal products led the gainers following a rise in crude oil prices.

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