At today's price of about $27 a barrel, the shipments were worth more than $62 million.
Crude oil rose to a record $44.98 a barrel after Iraq cut shipments to tankers in the Persian Gulf because of warnings of possible attacks on the petroleum industry infrastructure.
[C4.] Lay Asks for a Separate Trial Lawyers for Kenneth L. Lay, the former chief executive of Enron, filed motions asking a federal judge to separate his criminal fraud case from those of other charged defendants and to order a trial by Sept. 14. [C2.] Crude Oil Prices Reach Record Crude oil rose to a record $44.98 a barrel after Iraq cut shipments to tankers in the Persian Gulf.
We were getting shipments in barrels".
In addition, with a warm spell across the Northeast in February 2004 and 4 million barrels of propane tanker shipments coming from overseas, there were likely very few buyers stuck paying high TET spot prices or passing along the cost to consumers.
"The indecision on Keystone XL really spawned innovation and mobilized alternatives, and rail is a clear part of the options available to our industry," said Paul Reimer, senior vice president in charge of transport and marketing at Cenovus Energy, a Canadian oil company that is planning to increase rail shipments from 7,000 barrels a day to as many as 30,000 barrels a day by the end of 2014.
"The indecision on Keystone XL really spawned innovation and mobilized alternatives, and rail is a clear part of the options available to our industry," observed Paul Reimer, senior vice president in charge of transport at Cenovus Energy, a Canadian oil company planning to increase rail shipments from 7,000 barrels a day to as many as 30,000 barrels a day by the end of 2014.
The US Congress yesterday voted to halt daily shipments of 70,000 barrels of oil to the US's emergency reserve in a bid to push down prices.
Even during the major economic crisis, it maintains around 80,000 barrels per day in oil shipments to Cuba.
