How To Use Crude oil In A Sentence
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It is the worst return since 2002 and follows a dramatic slide in global crude oil prices.
The Sun
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And you have refining and delivery of that crude oil as what we call petrol or gasoline.
Shai Agassi's bold plan for electric cars
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The debt crisis in the eurozone is obviously a reason for many investors to critically question the price level of crude oil," said a report from Commerzbank.
Falling crude oil prices could keep gasoline under $3
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The refiners who would be at the end of the pipeline do not re-export crude oil.
Keystone Can Help the Gulf—and the Northeast
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But motorists may wonder why the price of petrol leaps up so quickly when the crude oil it comes from was sold when the price was much lower.
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Crude oil and LNG imports were up by more than 18.4 per cent on the previous year.
Times, Sunday Times
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Today's crude oil prices reflect nothing more than a market bubble fed by speculation and unwarranted fear.
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Crude oil is the world's most important commodity.
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Consequently, he is advising investors to buy a basket of commodities such as copper, sugar, cotton, corn and crude oil.
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Cracking crude oil based feedstocks such as naphtha or gas oil yields higher ratios of the ethylene co-products propylene, butylenes and butadiene plus the aromatic products benzene, toluene, xylenes along with other co-products.
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Railway Minister Nitish Kumar said that the Indian Railways is planning to use a blend of five percent bio-diesel in the diesel derived from crude oil and gradually increase the share of bio-fuel to 20 percent as its supply increases.
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Of the energy consumed, 85.7 percent was in the form of electricity (24.36 million kiloliters of crude oil equivalent) and oil products (20.50 million kiloliters of crude oil equivalent).
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Sasol Oil said on Thursday it had concluded a term arrangement for the supply of one million tons of Kuwait crude oil.
ANC Daily News Briefing
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They were covered head to toe in crude oil from a massive slick that had formed over the site of the sinking.
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However, more expensive soaps are made by saponifying the crude oil and distilling the resulting fatty acids before adding the lye.
8 Industrial Products
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This is a sedimentary rock that contains a solid compound called kerogen, which can be refined into a synthetic crude oil.
Feminist blogs
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Worries about Greek's debt crisis have roiled the oil market for months because of fears that it could rend apart the euro zone, thus damaging the broader global economy, curbing demand for crude oil and squelching investors' appetite for such risky assets as commodities.
Crude Rises on Greek Plan
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A strategic plan for secure and sustained energy would have many elements — shifting imports to more stable, friendlier countries, exploiting more domestic resources, pursuing alternative energy sources, and rapidly promoting the use of breakthrough technologies such as the thermal depolymerization process (that can extract crude oil from refuse ranging from old tires to agricultural waste) — but it will require leadership to set goals and coordinate action.
Gasoline Hysteria, Arnold Kling | EconLog | Library of Economics and Liberty
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In fact, petroleum distillate refers to a type of hydrocarbon which results from the processing of crude oil, and may be aliphatic or aromatic.
Hydrocarbon Ingestion
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The branched-chain (isomer) paraffins are usually found in heavier fractions of crude oil and have higher octane numbers than normal paraffins.
Hydrocarbon chemistry
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Ethene is a colorless gas that can be collected from natural gas and crude oil.
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Commodity and energy companies led the gains in London as copper and crude oil prices pared back earlier losses.
Times, Sunday Times
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In sterling terms, the cost of a barrel of crude oil has more than doubled since January.
Times, Sunday Times
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Video demonstrating F-500's ability to emulsify and solubilize Louisiana crude oil and disperse it in to the water column, allowing for rapid, natural bioremediation.
WN.com - Photown News
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Its principal exports would be crude oil and natural gas.
Times, Sunday Times
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The last major incident in the North Sea was in 1993, when the MV Braer carrying 85,000 metric tons of crude oil ran aground in a storm in the Shetland Islands.
Shell: 54,600 gallons of oil spilled in North Sea
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Kornafel Sees: Beginning of demand destruction, markets governed by panic; Opec to hold emergency meeting next week; Crude oil rebounds from 13-month low as OPEC may cut production; Analysis by Jonathan Kornafel of Hudson Capital Energy
WN.com - Articles related to Petron to slash oil prices Monday
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It is engaged in the exploration and production of crude oil and natural gas.
Times, Sunday Times
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Asphalt, also known as blacktop, is derived from crude oil, and its cost has been rising so far and fast that it is busting some highway construction and maintenance budgets.
Market News
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The bubbler is a tank containing a mixture of water and hydrocarbons (gasoline, diesel, kerosene, crude oils and others derived from hydrocarbons ...).
Original Signal - Transmitting Digg
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However, the sluggish progress of the monsoon and the rising inflation rate as a result of higher crude oil prices has stemmed the possibility of a runaway rally.
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Yes, there may be underutilized workforces globally, but there is notably less available supply of copper, platinum, and crude oil.
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Diesel comes from crude oil, and it is less refined than gasoline.
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Author used alkali saponification method to refine silk cocoon crude oil.
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The company, which has an annual turnover of £23m, employs more than 400 people in Bolsover, producing solid smokeless fuel, and refining crude oil derivatives into a variety of oils and chemical products.
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Demand from abroad bumped the price of crude oil.
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Their daily work is to refine crude oil.
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It is engaged in the exploration and production of crude oil and natural gas.
Times, Sunday Times
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The majority of the manufacturing is from the catalytic cracking of ethane, petroleum fractions, and crude oil.
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Ice is a mineral; crude oil is not.
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Crude oil and liquified natural gas led the rise in imports, as Japan has been relying more on fossil fuels for electricity generation after the Fukushima Daiichi nuclear power plant accident.
Japan Posts Trade Surplus
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To be sure, France's 12 refineries remain hampered by strikes or a lack of crude oil, because the country's main oil terminals are blocked.
French Strikers Begin to Relent
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Rather like crude oil, the price of farmland is rocketing.
Times, Sunday Times
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However, in broad terms, petroleum can be divided into six fractions obtained from fractional distillation of the crude oil.
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For instance, Frank Zarb, who had been Jimmy Carter's "energy czar," predicted that decontrolling the price of crude oil would lead to gasoline prices of $10 a gallon.
Blame Congress for High Oil Prices
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crude oil
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In April, BP's oilrig exploded and poured more than 200 million gallons of crude oil into the Gulf of
Phaedra Ellis-Lamkins: Phaedra Ellis-Lamkins: Five Years After Katrina, the Gulf Is Showing All of Us the Way Forward
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That includes crude oil, NGLs (natural gas liquids, which can be refined into stuff like butane and propane), and condensates (gas-based liquids that are similar to crude oil).
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Russian rail authorities confirmed that in the first five months of this year, 3.6 million tons of crude oil had been freighted to China from eastern Siberia, an increase of 37 percent from last year.
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Workers at three of France's 12 refineries voted Monday to return to work, though their supplies of crude oil remain disrupted by port blockades.
French Pension Conflict Enters New Phase
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The crude oil has to be transported, refined and distributed to the retailer before those costs are fully passed on.
Times, Sunday Times
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A refining process is used to extract usable fuel from crude oil.
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Mining coal, gasifying it, then using the Fischer-Tropsch process to produce the hydrocarbon molecules needed for petrol and Sasol's other products inevitably costs more than pumping crude oil.
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Meanwhile, the soaring crude oil price and burgeoning demand in the Far East should provide some soothing balm to the share price.
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Crude oil, also known as petroleum, is the world's most actively traded commodity.
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On March 24, 1989, a 900-foot long supertanker ran aground in well-marked waters and spilled 11 million gallons of crude oil.
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Gasoline is distilled from crude oil.
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Saudi Arabian Oil Co., the state-controlled oil giant known as Saudi Aramco, forecasts domestic gas demand will nearly triple by 2030 and is on a drive to boost the kingdom's reserves of nonassociated gas -- that is, gas from wells that don't contain any crude oil -- by 100 trillion cubic feet over the next ten years.
Saudi Desert's Gas Mirage?
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The flight of hot money from cooling metal is heading for safe havens such as gold and platinum as well as crude oil.
Times, Sunday Times
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Crude oil is industrially refined to purify it and separate out the different elements, such as benzene.
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Today, crude oil trades for around $30 a barrel while the same quantity of blood fetches $20,000.
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The crude oil has to be transported, refined and distributed to the retailer before those costs are fully passed on.
Times, Sunday Times
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She says creating the equivalent of a barrel of crude oil using lignose cellulose will cost
CRN Australia - News -
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The highest real crude oil prices in recent memory were in 1979 after the ayatollahs seized power in Iran and the global price of crude oil peaked at around US $35 per barrel.
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Crude oil and LNG imports were up by more than 18.4 per cent on the previous year.
Times, Sunday Times
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On 19th January 1991, crude oil from five bombed oil tankers moored off the Mina Al-Ahmadi oil terminal and nearby oil pipelines in Kuwait produced a slick extending south-eastwards over 1,500 km².
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The majority of hydrocarbons found naturally occur in crude oil, where decomposed organic matter provides an abundance of carbon and hydrogen which, when bonded, can catenate to form seemingly limitless chains.
PhysOrg.com - latest science and technology news stories
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Crude oil and refined product prices have eased sufficiently for us to be able to pass it on at the pump.
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Crude oil is industrially refined to purify it and separate out the different elements, such as benzene.
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Its principal exports would be crude oil and natural gas.
Times, Sunday Times
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Crude oil prices alone could douse this euphoria soon.
A Crude Reality For India's Budget
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The major indexes slid to seven-week lows in the week to Friday with crude oil futures holding near record levels.
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Well, crude oil prices are spiking as the hurricane batters oil production facilities in and around the Gulf of Mexico.
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The broken tanker has leaked thousands of tonnes of crude oil and threatens to destroy the wildlife paradise of the Shetlands.
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Today, I see no evidence that crude oil has bottomed in what I regard as a lengthy medium-term correction, meaning a minimum of several months and up to two or possibly even three years. … we could easily see a retest of $100 this year, with an outside chance of a temporary overshoot, taking us close to $80.
US Market Commentary from Seeking Alpha
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Last night a cargo ship collided with a tanker carrying crude oil.
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Crude oil is industrially refined to purify it and separate out the different elements, such as benzene.
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The port closings halted crude oil exports from state-owned oil company Petroleos Mexicanos during the weekend and on Monday.
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The company said the quarter saw a decline in international prices of olefins, polymer as well as fibre-intermediate on the back of weaker crude oil prices compared with the trailing quarter.
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China links domestic prices for crude oil and refined products to international prices, adjusted after a one-month lag.
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Inspectors focused their attention on the hydrocracker, which is responsible for processing heavy, sour crude oil into lighter products such as gasoline.
WN.com - Photown News
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Crude oil prices have risen about 50 % since the start of the year (chart).
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Gasoline prices, by a tanker full of crude oil, without a doubt.
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February crude oil rose 66 cents to $ 19. 18 a barrel on the New York Mercantile Exchange.
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It is the worst return since 2002 and follows a dramatic slide in global crude oil prices.
The Sun
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Ethene is a colorless gas that can be collected from natural gas and crude oil.
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The dwindling supplies of crude oil and natural gas are frequently discussed in newspaper articles.
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Efforts to staunch the spill of crude oil from a tanker off the north coast of Scotland are being held up by gale force winds.
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A refining process is used to extract usable fuel from crude oil.
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They are just a floating storage system for traders and companies that are waiting for cheap crude oil prices to tick up before they sell.
Times, Sunday Times
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They are just a floating storage system for traders and companies that are waiting for cheap crude oil prices to tick up before they sell.
Times, Sunday Times
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General Petraus and Ambassador Crocker will ostensibly report in September to President Bush, not the American people, that we are gaining ground, that “benchmarks”, that word parroted in stumbling appearances again and again by our mindless, gibbering, on-message Simian in Chief, are being met and that if we will only commit to six more months and thousands more troops Iraq will bloom into a burgeoning democracy in the middle east, a willing donor of crude oil to the free world.
The insidious reason this abominable war does not stop
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Dilational viscoelasticity of oil-water interface film formed by vacuum residue fractions from Iranian heavy crude oil was studied by using L-B method.
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Their production of crude oil and natural gas began in 1969, greatly reducing Australia's dependence on imported oil.
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The refinery at Pavlodar is supplied mainly by a crude oil pipeline from western Siberia (since Russian reserves are well placed geographically to serve that refinery); the Atyrau refinery runs solely on domestic crude from northwest Kazakhstan; and the Shymkent refinery currently uses oil from Kazakh fields at Kumkol, Aktyubinsk, and Makatinsk, although it is linked by pipeline to Russia.
Energy profile of Kazakhstan
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They have this default expression, like they're expecting to hear any minute that a tanker has gone aground and spilled a half million tons of crude oil into a penguin rookery.
One of Our Whales Is Missing
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Petrochemicals are products derived from crude oil refining, such as ethylene, propylene, butylene, and isobutylene, that are primarily intended for use as chemical feedstocks in the production of plastics, synthetic fibers, synthetic rubbers, and other products.
Petroleum refining
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They are just a floating storage system for traders and companies that are waiting for cheap crude oil prices to tick up before they sell.
Times, Sunday Times
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Thousands of gallons of crude oil were spilled into the ocean.
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Now, change that ‘few hundred cars’ to a mile-long freight train with a few carloads of anhydrous ammonia, or an LP-gas or crude oil tanker.
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Worldwide production of crude oil, unrefined oil stripped of any natural gas liquids, is slightly less than 66 million barrels a day.
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Crude oil is extracted, and production of natural gas is increasing.
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The aims of this paper is that it can provide some theoretical reference instruction and valuable policy-making basis on the crude oil transportation for the policy-maker in our country.
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Hogs rise 1 pct following rising cash markets markets also firm on good packer demand * USDA storage report awaited By Jerry Bieszk scientist Scott Yates is studying how oxytetracycline (OTC), an antibiotic that is administered to crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc.
WN.com - Articles related to Asim wont walk CMs talk on industry
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Most plastic bags are made from polyethylene, which is made from crude oil and natural gas, nonrenewable resources.
Archive 2008-03-01
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Beijing strictly controls the prices companies can charge for their products, always keeping them low enough to maintain growth regardless of international crude oil prices.
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Cooking gas, gasoline and diesel are by-products of crude oil.
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If crude oil really does run out or becomes prohibitively expensive to get, this avenue is available, and additional research and technological improvements need to be actively pursued.
Was Chicken Little Right? « Hyperpat’s HyperDay
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KUWAIT - Kuwait and the Ivory Coast signed an agreement by which the emirate will sell the West African state 3.75 million tonnes of crude oil over three years.
ANC Daily News Briefing
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Historically, the crude oil/natural gas ratio has averaged 10 and based on an energy equivalent basis, crude oil and natural gas prices should have a 6 to 1 ratio.
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Selenium, a substance in crude oil, is toxic to wildlife in minute levels.
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There exists a least value of the sum of motive power and heating power consumption costs in pipelining heated crude oil.
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The changing status of his preferred materials invites this - tyres are no longer manufactured from rubber plants but from synthetic materials produced from crude oil.
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In Nigeria, federal authorities are clamping down on a rash of crude oil thefts.
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Of the energy consumed, 85.7 percent was in the form of electricity (24.36 million kiloliters of crude oil equivalent) and oil products (20.50 million kiloliters of crude oil equivalent).
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In addition, the 432-mile Moomba to Stony Point pipeline, with a capacity of 394.2 Mmcf/d, is operated by Epic Energy and is used for carrying a mixture of natural gas liquids and crude oil.
Energy profile of Australia
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The protest came as the price of a barrel of light crude oil rose to $55.82, edging back towards the all-time record of $58.28 seen at the start of April.
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Thousands of gallons of crude oil were spilled into the ocean.
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Both are produced by refining crude oil, but the kerosene fraction of the oil is a little heavier.
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A new Government Accountability Office report shows that retail gas prices have risen faster than crude oil prices, and local Exxon dealers have complained anonymously that higher prices are being “decreed from the top.”
Think Progress » FTC Head Overseeing Gas Gouging Probe Was Chevron Lawyer
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Commodity and energy companies led the gains in London as copper and crude oil prices pared back earlier losses.
Times, Sunday Times
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Gasoline prices have been decoupled from crude oil prices.
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The average UK price of unleaded petrol has breached 80p a litre as tensions in the Middle East have sent crude oil prices rocketing
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The company's product range includes high-value chemical, plastics, dyestuffs and pigments, dispersions, automobile and industrial coatings, crop protection products, fine chemicals, crude oil and natural gas.
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The union wants Government to do away with middlemen in the procurement of crude oil to avoid unnecessary fuel price increases.
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The crude oil, known as concrete, is semi-solid at ordinary temperature because of a large amount of higher fatty acids, chiefly palmitic acid.
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A close relationship between trace elements in crude oils and serpentinite has been found.
At it Again
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It is engaged in the exploration and production of crude oil and natural gas.
Times, Sunday Times
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In our last publicly posted research note we made the case for a sharp rally in crude oil off the $40 lows on the grounds that it was oversold relative to the price of gold and that traders were overly bearish.
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Average crude oil prices were $ 16. 67 per barrel, up $ 1. 56 from a year ago.
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Pools of crude oil stretch in every direction.
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The molecular structure of a crude oil also dictates whether a crude stream can be used for the manufacture of specialty products, such as lubricating oils or of petrochemical feedstocks.
Petroleum refining
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CRUDE OIL: Futures ended down slightly as traders weighed the possibility of an agreement by the Organization of Petroleum-Exporting Countries to increase output against forecasts for cold weather in the U.S. Northeast.
Occidental, OMV Cut
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In 2006, the U.S. and Alaska governments invoked the "reopener clause" in the settlement and billed Exxon for $92 million to cover the cost of removing larger-than-expected amounts of crude oil that remained on beaches near Valdez in Prince William Sound.
Judge Orders Exxon, Governments to Resolve Valdez Spill Claim
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Industrial factories, he said, also discharge toxic waste and crude oil into the sea.
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A key chokehold for the oil monopolies is the refining of crude oil in the United States.
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If you were to choose a route through which to move toxic, highly corrosive, sludgy crude oil, would you place it on the same narrow corridor used by one of the world's most endangered birds?
Leda Huta: Keystone Pipeline Could Push Endangered Whooping Crane Into Extinction
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A refining process is used to extract usable fuel from crude oil.
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The supply glut is particularly pronounced in America, which has an export ban on crude oil.
Times, Sunday Times
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The initial preparation uses a chemical solvent such as hexane, a by product of crude oil distillation, or super critical carbon dioxide SCCD.
Archive 2008-05-01
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The energy sector was the biggest advancer on Friday, rising 2.3%, boosted by rising crude oil prices and merger-and-acquisition activity.
Google, M&A Boost Stocks
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In sterling terms, the cost of a barrel of crude oil has more than doubled since January.
Times, Sunday Times
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The SMX said Tuesday that it will commence trading of gold futures, West Texas Intermediate crude oil, Brent crude oil and eurodollar futures contracts on Aug. 31 and implied there could be additional contracts launched at the same time, but didn't specify which these might be.
SMX to Launch Commodities Trade Aug. 31
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The supply glut is particularly pronounced in America, which has an export ban on crude oil.
Times, Sunday Times
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Kornafel Sees: Beginning of demand destruction, markets governed by panic; Opec to hold emergency meeting next week; Crude oil rebounds from 13-month low as OPEC may cut production;
WN.com - Articles related to Petron to slash oil prices Monday
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Just as suburban development was driving up the demand for gas in the 1960s, Exxon and Mobil used zeolites in petrochemical processes to convert crude oil to fuel while increasing purity and yield.
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The relaxation of rules and the news that crude oil in the Strategic Petroleum Reserve will be made available helped calm the energy markets.
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The slowdown was largely due to lower crude oil prices.
The Sun
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Also unheard-of was a cartel cornering a commodity such as crude oil, as long as the medium of exchange was gold.
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The pipeline supplies Jordan with 15 per cent of its crude oil.
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However, this is usually not serious if treated with crude oil or carbolated petroleum, nor is its occurrence very frequent.
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Two products which come directly from the crude oil and do not require further processing are asphalt and waxes.
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In fact, a single drop of crude oil dropped into relatively still water in the Gulf can spread out to form a sheen the size of several football fields, even though the sheen is only a few microns thick.
Your Right Hand Thief
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Under the current law, crude oil is taxed 2,040 yen, or $23.90, a kiloliter; liquefied petroleum gas and liquefied natural gas at 1,080 yen a metric ton; and thermal coal 700 yen a ton.
Japan Ponders Increasing Fuel Tax
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In regular session crude oil closed at $ 19. 95, a 31-cent decline from Friday.
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Mineral extraction is important: crude oil is refined and exported, there are large coal, tin, and iron ore deposits, and China leads the world in tungsten ore production.
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CLMT is a refiner that processes crude oil into specialty products such as lubricating oils and solvents, as well as into gasoline and other fuels.
SeekingAlpha.com: Home Page
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Crude oil, key to food processing, is also becoming more expensive.
Times, Sunday Times
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In sterling terms, the cost of a barrel of crude oil has more than doubled since January.
Times, Sunday Times
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The company produces high quality diesel, gasoline and export grade mazut (fuel oil) from crude oil.
The Earth Times Online Newspaper
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Do not misunderstand me: my reference to potential net energy self-sufficiency is not an assertion that we will be self-sufficient in conventional sweet crude oil in this decade.
Energy and a Sense of Balance
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The implementation of hot work for station crude oil pipeline must be in accordance with the standard of SY5859-93 because the media transported are solidifiable, inflammable, and explosive.
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Husky uses the term barrels of oil equivalent (boe) which is calculated on an energy equivalence basis whereby one barrel of crude oil is equivalent to six thousand cubic feet of natural gas.
The Earth Times Online Newspaper
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During the second quarter, CEO Bill Klesse said, the company's refineries took advantage of higher margins on products and wider discounts on so-called sour crude oils.
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But the environmental consequences of developing oil sands - bituminous lakes that contain sand, water and heavy crude oil - are breathtaking.
Times, Sunday Times
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It was the Exxon Valdez which ran aground on the Alaskan coast in 1989 spilling 40 million litres of crude oil.
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Demand from abroad bumped the price of crude oil.
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They are just a floating storage system for traders and companies that are waiting for cheap crude oil prices to tick up before they sell.
Times, Sunday Times
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The bulk of exports are crude oil, refined products, and natural gas liquids.
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A suezmax owned by Teekay Tankers that is scheduled to load crude oil in Libya's Zueitina port over the next 24 hours hasn't yet received orders from the vessel's charterer.
Refiners Said Seeking Alternatives to Libyan Oil
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The presence of sulfurated compounds in crude oil and heavy fractions is also undesirable.
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Kerry also wants to stop filling the nation's backup stockpile of emergency crude oil, the strategic petroleum reserve.
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Anxiety stems from fears of exposure to crude oil and clean-up chemicals as well as the devastating economic and environmental effects on the local community.
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Crude oil, key to food processing, is also becoming more expensive.
Times, Sunday Times
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World crude oil prices have not risen with ‘free market’ supply and demand, confounding all the prophets of doom or boom.
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In accordance with the developing trends of processing imported crude oils in demostic refineries, it is inevitable to install light ends recovery facilities in crude distillation units.
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Their production of crude oil and natural gas began in 1969, greatly reducing Australia's dependence on imported oil.
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Tar pits form when crude oil seeps to the surface through fissures in the Earth's crust; the light fraction of the oil evaporates, leaving behind the heavy tar, or asphalt, in sticky pools.
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On 11 November, crude oil futures prices ended on New York Exchange at below $60 per barrel, an all-time low during the last 20 months.
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The system can overcome the influence by water mineralization degree and stray capacitance effectively, so the accuracy of the measurement of crude oil moisture is very high.
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The refinery, which processes crude oil, has an annual capacity of around 10 million tonnes.
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Independent refiners, as opposed to integrated companies that also produce crude oil, are particularly vulnerable given that they have no upstream operations to provide feedstock.
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They are just a floating storage system for traders and companies that are waiting for cheap crude oil prices to tick up before they sell.
Times, Sunday Times
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As crude oil prices dropped, many governments raised their taxes on gasoline.
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In sterling terms, the cost of a barrel of crude oil has more than doubled since January.
Times, Sunday Times
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Crude oil, key to food processing, is also becoming more expensive.
Times, Sunday Times
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The usual chemical process involves making succinic acid from crude oil or natural gas.
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They refine crude oil into various petroleum products.
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Contractual shipments of crude oil that had been tankered in from the Soviet Union no longer arrived in Cuba after 1991, and by the next year the Cuban economy was importing and utilizing only around 10% of the crude oil that it had been importing prior to the collapse.
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The refining sector in Kazakhstan has three major oil refineries supplying the northern region (at Pavlodar), western region (at Atyrau), and southern region (at Shymkent), with total crude oil refining capacity of 345,093 bbl/d.
Energy profile of Kazakhstan
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Cooking gas, gasoline and diesel are by-products of crude oil.
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Lack of infrastructure led to a regional supply glut and sent regional crude oil prices plummeting.
Times, Sunday Times
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An offsite upgrader would further process the crude oil into lighter syncrude.
Energy profile of Venezuela
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Not that I'll be wiping pretend crude oil off pretend sea gulls, you understand.
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This measure may preclude the exclusive agency from selling crucial crude oil.
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She pointed to what she called lamentable living standards and unbelievable corruption in this country that supplies the U.S. with crude oil.
Bomb Bid Throws Nigeria Into Terrorism Debate
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The pipeline supplies Jordan with 15 per cent of its crude oil.
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A pullback in crude oil prices could spur further gains in shares, he added.
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Bitumen - a form of heavy, thick oil laden with sulphur and deficient in hydrogen - can be refined into synthetic crude oil to make everything from gasoline to plastics.
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In the second half, gas prices may well tick up again, especially with crude oil closing in on $43 per barrel on July 28.
