One Democratic presidential candidate contends that if all gasoline in this country were required to contain a mixture of ethanol, we could reduce crude-oil consumption by 10 percent.
22.
Philip Verleger, an energy economist, estimates that swaps could reduce crude oil prices by $ 3 or $ 4 a barrel, a fall of more than 10 percent.
23.
Oil Minister Marit Arnstad said Thursday that Norway, the world's second largest oil exporter, should reduce crude flows to help OPEC counter a world slump in oil prices.
24.
Oil stocks generally were helped by the decision of the Organization of the Petroleum Exporting Countries to reduce crude oil output by at least 1 million barrels a day.
25.
Brown investment bank in Boston, also expects OPEC ministers to raise production to a level that would reduce crude oil prices to about $ 25 a barrel this summer.
26.
Due to the 45-day sailing time from the Gulf, these reduced crude cargoes won't reach buyers in the United States or Asia until late April _ already well into the second quarter.
27.
Oil prices shot to their highest level in two months Monday as traders grappled with the severity of reduced crude oil supplies caused by strikes in Venezuela, the world's fifth-largest oil exporter.
28.
But recent production increases by OPEC have failed to reduce crude oil prices, primarily because robust economies, especially that of the United States, demand more oil than the cartel has so far offered.
29.
But traders said the shares were boosted more by the scent of higher oil prices after Russia said it was reducing crude exports by 150, 000 barrels a day from Jan . 1.
30.
Due to the 45-day sailing time from the Gulf, these reduced crude cargoes won't reach buyers in the United States or Asia until late April _ already well into the second quarter, Beranek said.