More than 4 million barrels of crude oil a day are shipped through the canal or an adjacent pipeline.
The plan: extract 1.5 million gallons of green crude oil a year from patented pond scum fed a diet of carbon dioxide and sunlight.
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China consumed 4, 772 barrels of crude oil a day in the year 2000, and this figure grew to 8, 625 in 2009, an increase of nearly 81%.
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Semgroup handles more than 500, 000 barrels of crude oil a day in the U.S., operates two pipeline systems and has 6.7 million barrels of oil storage capacity.
We note that in 2000, China consumed 4, 772 barrels of crude oil a day and this figure increased to 8, 625 in 2009, an increase of nearly 81%.
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Pemex produces about 3.2 million barrels of crude oil a day, of which 2.7 million barrels a day comes from the Bay of Campeche in the southern Gulf.
BP's Forties pipeline from the North Sea, which comes ashore at Grangemouth, carries about 700, 000 barrels of crude oil a day between a quarter and a fifth of Britain's offshore production.
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Before the explosion, the rig carried 2.6m litres of diesel fuel and was pumping 8, 000 barrels (1.27m litres) of crude oil a day - a volume which may still be leaking from the well into the Gulf of Mexico.
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Gold prices fell on Friday, pressured by weakness in crude oil and a stronger dollar.
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Currently, natural gas is about one-third the price of crude oil on a per unit energy basis.
The bullish near-term technical posture in crude oil is a supportive underlying element for the precious metals.
Beginning in March, crude oil has a seasonal wind at its back.
Another irony: like crude oil, a small number of countries--Russia, Iran, Qatar and Saudi Arabia--control the vast majority of the world's natural gas reserves.
Still, crude oil remains a leader in the raw commodity sector.
Crude oil remains a leader in the raw commodity sector.
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Shaybah, a remote field in the southeast corner of the Kingdom already has the capacity to produce 750, 000 barrels per day of crude oil after a 50% expansion in 2009.
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The agency said Enbridge Inc. took more than 17 hours to shut down operations after the 30-inch-diameter pipeline ruptured and released crude oil into a wetland area near Marshall, Michigan, said NTSB Chairwoman Deborah A.P.
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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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.
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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And as the IEF admitted, there actually is a pretty serious discrepency between the JODI and EIA figures for Saudi crude oil prodution, a discrepency which is totally unrelated to natural gas liquids or any other factors.
Crude oil prices hit a fresh five-week high Tuesday, which did give the crude bulls some fresh upside near-term technical momentum.
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The oil flowing into Cushing contributed to a crude oil bottleneck there, and was one of the reasons that the Brent-WTI differential developed.
On the energy side of commodities, crude oil imports broke a record last month, too.
The weaker crude oil prices were a slight negative for the precious metals Tuesday.
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Declining crude oil prices is a sign that the global growth story is losing its momentum.
The solidly higher crude oil prices were a major bullish factor for the precious metals.
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Further downside moves in crude oil would be a bearish factor for the precious metals markets.
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The recent rally in crude oil prices is a major bullish factor for the precious metals.
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