Word: sulfurously
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...charge so-called differential premiums of up to $3.50 per bbl. The differentials, which traditionally have been set at no more than a small fraction of the base price, are supposed to be applied solely to specially attractive crudes, such as Nigeria's and Libya's low-sulfur oil, which is now much in demand for refining into gasoline. Veteran observers of past OPEC behavior expect the differentials soon to be turning up as part of the price for almost any grade of cartel crude. As a portent of things to come, the Algerians announced that they would...
Forty dollars a barrel for oil? With the official world price at $14.55 per bbl, the notion sounds incredible. But not to oilmen. Items: when the Persian Gulf sheikdom of Abu Dhabi two weeks ago offered a shipment of high-grade, low-sulfur crude for sale at $40 per bbl., it found an immediate and eager buyer in Japan; Ecuador had no trouble getting $36 per bbl. in a sale of its own; Standard Oil Co. of Indiana admits difficulty in scraping up supplies for less than $35 per bbl. anywhere...
...individual members has pushed up charges for some grades of crude to $20 or more per bbl. Lately cartel members have been leapfrogging each other to grab ever higher prices. No sooner did Algeria and Nigeria post unilateral increases of up to $2.45 per bbl. on their low-sulfur crude than Libya raised the price of its own competing grade by a comparable amount. The increase, Libya's second in a month, was promptly followed by a rise by Iraq as well. Even Saudi Arabia, which is generally regarded as a pricing moderate in the cartel, tacked...
OPEC'S production cutbacks are aggravating the operational headaches. To begin with, not every refinery can process every grade of crude. From high-quality Nigerian oil that contains almost no sulfur at all to the heavy goo that glubs from the ground in Kuwait, petroleum covers a wide range of viscosities and weights. But not all refineries can handle every kind of oil, and as OPEC's squeeze has intensified, supplies of light oil used for gasoline have tightened...
ADELMAN: If we had not been in such a rush, the reactor accident might have been avoided, but nuclear is now back to the drawing boards. We need less regulation and more development of low-sulfur coal. Solar will grow only slowly, but that is where a lot of R. and D. money ought to be put. Energy R. and D. spending won't help solve anything for ten years, but something may come in big and leave us in a better position at the end of the decade...