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Imports were flat at $228.9 billion, with the volume of crude oil falling to the lowest point since March 1996.
Mr. Obama retains two important levers: he can delay sanctions if he determines there is not enough oil in the market, and he can exempt any country that has "significantly reduced its volume of crude oil purchases from Iran".
Although output rose by 16% at the Ku-Maloob-Zaap field, this was insufficient to counter a steep 25% fall in output at the Cantarell field, Mexico's largest producing area.Reflecting the overall drop in production, the volume of crude oil exports fell by 12.4% in the first quarter of 2008 to 1.5m b/d.
The recovered volume of crude oil and brine in the graduated cylinder was noted.
One unit of laccase activity was defined as the volume of crude enzyme extract (µL) required to oxidize 1 µmol ABTS per minute under the assay conditions.
We increased the volume of crude petroleum oil in a marble from 10 to 400 µL and measured its maximal height, H (see Fig. 3).
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Bijan Zanganeh, the Iranian minister, made clear that his country wanted to enjoy its new-found freedom to produce and export higher volumes of crude after the deal over its nuclear programme and the dropping of western sanctions.
Mr. Gadaban said that United States soldiers were helping Iraqi oil workers to put out the fire on the 600-mile pipeline, which moves large volumes of crude oil from Kirkuk to the Turkish city of Ceyhan, but repairing it could take several days, he said.
5 29 p.m. | Update | A report released by the International Energy Agency in May has a section on transport risks that is highly relevant (seen via the FuelFix blog): "Increasing volumes of crude oil transported by rail raise questions of safety," the IEA said in its medium-term oil market report.
Under legislation that President Obama signed in December, the United States must take action against countries that continue buying large volumes of crude oil through Iran's central bank by cutting off from the American banking system the financial institutions engaged in those transactions in those countries.
Liquid marbles allow effective manipulation of micro-volumes of crude oil.
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