reduced oil

reduced oil

[ri′düst ′ȯil]
(materials)
Oil rerun in a vacuum or steam still from an oil that is already distilled.
An oil made from the residue in the still after another product has been distilled from the crude oil.
References in periodicals archive ?
Islamabad -- The Islamabad Chamber of Commerce and Industry has called upon the government to pass on the full benefit of reduced oil prices to the people as the price of crude oil in international market has witnessed around 29 percent reduction from September 2018 to September 2019 but the government has made insufficient cut in petroleum prices from 1st September 2019 that was not a right approach.
ISLAMABAD -- The Islamabad Chamber of Commerce and Industry has urged the government for pass on the full benefit of reduced oil prices to the people.
They urged that government should immediately pass on the full benefit of reduced oil prices to people that would reduce production cost, decrease inflation and help in improving trade and industrial activities.
Jefferies analyst Mark Lear downgraded Centennial Resource Development (CDEV), Callon Petroleum (CPE), Carrizo Oil & Gas (CRZO), Gulfport Energy (GPOR) and Range Resources (RRC) to Hold from Buy to reflect his firm's reduced oil and natural gas price forecasts.
Under the OPEC+ agreement, Azerbaijan reduced oil production by 20,000 barrels per day from 2019 compared to September 2018, to 776,000 barrels.
Islamabad -- The government should immediately pass on the benefit of reduced oil price to the general public as the crude oil price in international market has tumbled down from $72 per barrel in April 2019 to around $66 per barrel by end of June 2019.
He urged the government to pass on full benefits of reduced oil prices in international market to the consumers.
The present government has reduced oil prices by up to 5.6% for September, a change that will take effect from Saturday.
ISLAMABAD -- The Pakistan Tehreek-e-Insaf (PTI) government has reduced oil prices by up to 5.6% for September, a change that will take effect from Saturday.
"There are a lot of people in the market who say that without these restrictions we will see a reduced oil price, so there are plenty of hopes for OPEC to extend the restrictions for at least three to six months next year," said Anna Kitanaka.
The report said that the oil sector comprises half of Abu Dhabi's GDP therefore, the reduced oil price and the announcement by ADNOC that it plans to cut 5,000 jobs by year-end, has had a major impact on GDP and employment growth.

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