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, he said.
32.
South Oil had reduced crude output and pipeline shipments to storage tanks on the southern Faw peninsula, but it was still able to use oil in storage to load tankers waiting at offshore terminals in the Gulf.
33.
Phibro Energy USA Inc ., Krotz Springs, La . ( 65, 000 bbl / day ) C : Phibro said it will reduce crude runs by 46 % at this refinery because of rising crude oil prices.
34.
The early rally was triggered by a flurry of news reports indicating that OPEC is seriously considering reducing crude oil output quotas for the third time this year in an effort to reverse the recent decline in oil prices.
35.
Coastal Corp ., Westville, N . J . ( 130, 000 bbl / day ) C : Coastal said Feb . 23 it reduced crude runs at the refinery because dense fog on the Delaware River delayed crude oil deliveries.
36.
Last week, OPEC members as well as some non-OPEC oil-producing countries resolved to reduce crude oil supplies to the world market by 1.6 million to 2 million bpd, with an initial target of 1.1 million bpd cut from April 1.
37.
The logistics of reducing crude shipments now would make it impossible for the group to comply with its new ceiling of 23.5 million barrels even if it wanted to, said Leo Drollas of the Center for Global Energy Studies in London.
38.
Rodriguez's comments came as Venezuela's president Hugo Chavez said Monday he would be pushing OPEC leaders to " agree on the defense of the price of oil " and suggested the cartel could reduce crude oil output to boost falling prices.
39.
Members of the Organization of Petroleum Exporting Countries and non-OPEC countries announced Sunday they would reduce crude supplies to the world market by 1.6 million to 2 million barrels a day, beginning with a 1.1 million barrels a day cut April 1.
40.
Atlantic Richfield Products Co ., Carson, Calif . ( 255, 000 bbl / day ) C : The company said the refinery resumed producing at full capacity March 24 after reducing crude runs when a March 18 fire damaged a sulfur plant.
