Sentence examples for oil approaches from inspiring English sources

Start-up projects will continue to pay a royalty of 1percentt, although that may rise to 9percentt if oil approaches $120 a barrel.

The investigation into the tragedy revealed that the volatility of Bakken oil approaches that of gasoline, far greater than had been recognised.

NEW DELHI, Nov. 7 — As oil approaches the $100-a-barrel milestone, M. S. Srinivasan, India's petroleum secretary, has an unorthodox recommendation for cooling overheated prices: halt trading of crude oil on commodity exchanges.

But the big customers are wary, knowing that higher fares are the aim, as airlines search for a way to remain profitable in an era when oil approaches $100 a barrel.

Meanwhile, booms are being laid out in Florida, as the oil approaches ("I could smell it," a fisherman told the Miami Herald. "It smelled like WD-40")., and BP will have to pay for a string of sand barriers off the coast of Louisiana.

In the light of this, attention of petroleum industries have been turned towards vast deposits of heavy crude oil resource to eliminate energy crisis as light oil approaches its peak production.

Crude oil approached the nine-year high it reached last month after an industry agency said global oil inventories were at two-year lows.

The Times-Picayune reported this week that state officials claim "Louisiana's efforts to attack oil approaching coastal wetlands have repeatedly been stymied by BP and federal officials".

With oil approaching $50 a barrel, Americans are now jostling with Japanese, Chinese and Koreans to lock in contracts in Sakhalin, where the oil and gas reserves are sometimes compared to those on the North Slope of Alaska.

When oil approached $150 a barrel in 2008, nearly 20 years after his death, "Hubbert's Peak," as it was known, became gospel to the "peak oil" crowd, who predicted economic collapse.

The orange salad, with its sparkling slices of fruit juxtaposed against anchovy fillets and drizzled with olive oil, approached alchemy, but the spinach leaves and more of those mundane olives seemed out of place.