Crude Oil in a sentence

It is used as a benchmark for pricing other types of crude oil, and the price of WTI crude o WTI is the short-hand for West Texas Intermediate crude oil.

This is in part because Vietnam crude oil peaked in 2004, when crude oil represented 22% of all export earnings. citation Petroleum exports are in the form of crude petroleum because Vietnam has a very limited refining capacity.

He said the menace of crude oil theft had hampered the growth of the country's oil production, with between five and 30 per cent of crude oil production lost daily.

In Senegal, UBA was responsible for the EUR 240m revolving crude oil financing facility for the Société Africaine de Raffinage and in Congo Brazzaville co-funded the $250m crude oil prepayment facility for Orion Oil Limited.

Okomu Oil sells two main products, crude oil palm and rubber, while it exports rubber, crude oil palm is mainly sold locally.

USO invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.

Oil prices soar as attack on Saudi plant threatens supplyThe loss of 5 percent of world crude oil output from an attack on Saudi Arabia's largest oil processing plant pushed crude prices sharply higher on Monday.

USO seeks to achieve its investment objective by investing primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.

Synthetic crude oil main seeAlso Synthetic crude oil, also known as syncrude, is the output from a bitumen upgrader facility used in connection with oil sand production in Canada.

Crude tankers are increasingly been sought after to store crude oil on the high seas due to a slump in global crude prices and lack of storage space on-land with the hope that the cargo would fetch better prices when the market rebounds.

Iranian oil tanker incident follows the September 14 attacks on two Saudi Arabian oil processing plants that knocked out more than half of the kingdom's crude oil output that caused a spike in oil prices.

Oil further The gates of the oil refinery in Port Harcourt The oil boom of the 1970s led Nigeria to neglect its strong agricultural and light manufacturing bases in favor of an unhealthy dependence on crude oil.

The U.S. remains Nigeria's largest customer for crude oil, accounting for 40% of the country's total oil exports; Nigeria provides about 10% of overall U.S. oil imports and ranks as the fifth-largest source for U.S. imported oil.

While Canada's crude oil deposits are fewer, technological developments in recent decades have opened up oil production in Alberta's Oil Sands to the point where Canada now has some of the largest reserves of oil in the world.

According to him, crude oil pipeline vandalism and destruction of vessels carrying illegal goods/stolen crude oil, did not make any sense.

Closing prices for crude oil, gold and other commodities Benchmark U.S. crude oil for March delivery fell 18 cents to $76.16 a barrel Tuesday.

Additionally, enhanced regulations were put in place to combat crude oil theft, thus resulting in a major boost to Nigeria’s crude oil production from below one million barrels per day to above 1.6 million barrels per day.

Similar to the Nembe crude oil grade, the Utapate crude oil blend has a low sulphur content and low carbon footprint due to flare gas elimination, fitting perfectly into the required spec of major buyers in Europe.

Besides, the integration of the firm’s upstream and downstream segments provides a unique opportunity for Saudi Aramco to secure crude oil demand by selling to refineries designed specifically to economically process Arabian crude oil.

Crude oil prices initially sank after the EIA crude oil inventory report showed a huge build with inventories.