Naturally occurring flammable liquid.
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Washington, however, late last week issued new sanctions against Caracas's oil industry.
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Stocks in Europe and Asia were higher today on lower oil prices.
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It cited weaker-than-expected oil use in developed economies, particularly Europe and Japan.
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However, the British oil major denied the deal made significant new concessions.
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I ask them one question: Do you feel you need more oil?
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Oil prices found support from looming U.S. sanctions against Iran's petroleum industry.
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India currently has separate ministries for petroleum, power, coal and renewable energy.
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Two important prerequisites for potential petroleum deposits are thus met, she said.
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The Company also provides land transportation services of petroleum, gas and chemicals.
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The ports are key corridors for crude oil, petroleum products and petrochemicals.
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Both Morgan Stanley and Barclays Capital, for example, trade physical crude oil.
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India is also open to crude oil imports from Russia, he said.
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It will sell 90 million tonnes of crude oil and refined products.
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Meanwhile, U.S. crude oil production is expected to rise to new records.
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Oil tankers are used to ferry the country's vital crude oil exports.
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For outdoor work boiled oil is used and for indoor work, raw oil; 4.
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The raw oil price is only about half of the price we pay at the pump though.
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When trying out different olive oils, many experts suggest tasting the raw oil, but Raij has a different approach.
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Microalgae-derived lipids are an alternative to vegetable and fossil oils, but lipid content and quality vary among microalgae strains.
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Its assets include conventional oil and gas, oil sands and shale gas.
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Some of the tankers could nonetheless still be used for conventional oil transportation.
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Extracting crude from the clay-like oil sands requires more energy than conventional oil production.
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The Pembina Cardium is a conventional oil fields in Alberta.
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The company is also selling its Pelican Lake and Suffield conventional oil and gas assets.
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I struck black gold there with a jar of Vegemite the other day.
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Fox execs hope Carter will strike black gold once again.
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But does it make economic sense and does it deserve it's moniker ' black gold'?
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Russia benefited mightily from the surge in the value of the " black gold".
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Back in Iowa, many farmers are attempting to protect and rebuild their precious black gold.
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Peat bogs are the new black gold, some say.
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Even dirty crude oil is glamorised as black gold.
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Even with oil prices at around 12-year lows, Kurdish officials see the black gold as nation-building.
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The gringos are coming for the black gold... Are you going to stay silent? it read.
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It has also turned guar into a precious commodity farmers now call " black gold".
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But beside it, also, lay the crumpled black gold-embroidered riding-gauntlet that Enriquez had worn at the rodeo.
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There he was, a little black gold-mine, and all of 'em passed him by until I came.
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Statoil expected to strike more black gold in the region around Havis, its chief executive told Reuters.
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By the 1870s, most of them had shown the good sense to start digging for Texas black gold.
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In 1907, they allowed the Inglewood Oil Bore Prospecting Company to search for the black gold on the property.
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Soviet propaganda did its best to glorify the producers of the " black gold" that drove the Soviet economy.
