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But as consumption dropped and light crude oil costs rose faster than other types of crude oil, Conoco's plant has struggled.
OPEC's price, based on the average price of several types of crude produced by its members, has been above $28 since the beginning of December -- after the previous production cut of 900,000 barrels in September.
Sheik Ahmad said that he did not expect OPEC oil ministers to approve an increase in production unless the price of OPEC's special basket of different types of crude oils went above $28 a barrel, according to Reuters.
The results showed that the interfacial properties between betaine and vacuum residue (fraction 4) of the three types of crude oil were poor.
In this respect, the rate of demulsification of different types of crude oil emulsions using series of Schiff base polyethoxylates as demulsifiers was evaluated.
This investigation is designed to systematically assess the dynamic interfacial tension (DIFT) of two different types of crude oils with carbonated water (CW).
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"The number and type of petroleum crude oil railroad accidents … that have occurred during the last year is startling," the department said in its May 7 order, referring to recent accidents in Quebec, Alabama, North Dakota and Virginia.
One of the advanced and recent methods of using PPD is gaining importance over conventional methods due to the ease in handling the different types of crudes.
The developed models consider air temperature and type of crude oil.
The company wanted to lock in prices for a type of crude oil, because the price would bear on its costs for manufacturing and transportation.
Since January, the price for Brent oil, a type of crude commonly used as a global benchmark for gauging prices, is up more than 20percentt.
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