Sentences with phrase «american oil producers»

Most North American oil producers, on average, require a WTI price of roughly $ 35 a barrel to break even.

Solidarity among its members has weakened further, however, as it becomes clearer and clearer to them that they underestimated the resilience of American oil producers.

While there, I had dinner with a couple of Canadian lawyers who represent a few Latin American oil producers, some of them based in Venezuela.

Most North American oil producers, on average, require a WTI price of roughly $ 35 a barrel to break even.

Not exact matches

And with supplies from Iraq threatened with disruption — in recent years, Iraq was the only major producer increasing its output faster than the U.S. and Canada — that American oil is only going to get more competitive in the marketplace.

The world's major producers have made a concerted effort to slow the advance of American oil production by increasing the supply and therefore reducing the price.

Canada's energy producers are hurting as the North American oil benchmark dropped to a fresh six - year low Monday, closing at US$ 38.24 a barrel.

Since the 1970s, the oil trade has almost entirely been conducted in U.S. dollars, even when buyers and producers are not American.

The price gap between North American crude and world prices is a new and unfamiliar dynamic in international oil markets, and represents a «double whammy discount» for Western Canadian producers, as Casey puts it.

The hard fact for North American producers is only now are we seeing a true market price for crude oil.

Until very recently, it was the world's top oil producer and exporter, before the American shale boom catapulted the U.S. into first place.

Chinese electricity demand is to Australian coal miners, what the American motorist is to Canadian oil producers.

Beyond the actual gas project and LNG sales, China's state - run shipping conglomerate COSCO has also secured a 50 percent stake in the four LNG shipping carriers serving Yamal.90 Chinese engineers and workers have been deployed to the Yamal Peninsula to help construct surrounding infrastructure, which includes a Chinese - produced polar drilling rig.91 Moreover, a Chinese oil and gas rig producer now provides Russia with about 60 percent of its imported oil rig supplies, indicating that China is becoming a dominant player in this sphere.92 Chinese media recently hailed Yamal as an example of China's construction and engineering prowess and a symbol of its transformation into an Arctic player.93 In return for China stepping into support the project, senior officials from Novatek, the main shareholder of the project, announced that the first LNG shipment would symbolically go to China.94 But a British subsidiary of Malaysia's Petronas purchased the first shipment of Yamal LNG and sold it to France's Engie, which then shipped the cargo to its Boston import facility for American use.95 Western sanctions on Novatek, Russia's largest independent national gas producer and a company with close ties to the Kremlin, made Yamal's pivot to China possible, as sanctions forced Russia to find an alternative source of investment and technology.

In order to accommodate North American oil production that continues to increase, producers have been putting millions of barrels a week into storage.

The failure of high cost North American producers to cut production in an oversupplied world oil market is setting the stage for another leg down in oil prices.

Such an agreement would help support oil prices — Saudi Arabia, in particular, seeks higher prices to take Saudi Aramco, the world's largest energy company, public — but it's likely American shale producers would ramp up production to fill the void.

In addition to oil and gas producers, manufacturers worry about maintaining their access to the American market, and whether they'll be hit by new Republican protectionism — arising from the White House or Congress.

As expected, OPEC announced after its last meeting that it would keep oil production levels the same in its bid to force higher - cost producers (re: American frackers) to trim their own operations.

«For a producer that big, you have to be in every market in the world to place your oil,» said Elizabeth Rosenberg, director of the Energy, Economics and Security Program at the Center for a New American Security.

A rush to invest and drill Top producers Chesapeake Energy and Exxon Mobil Corp., along with hundreds of big and small oil and gas producers, are pouring billions of dollars into developing North American shale formations.

Its members include many big American producers and consumers of coal, oil and electricity — such as Dow Chemicals and the National Coal Association — all of whom might suffer from controls on emissions of carbon dioxide.

The Gulf spill has focused American minds on pollution from Canadian oil producers.

Purportedly set up to represent «small, independent oil and natural gas producers,» instead «Energy in Depth» is funded by some of the largest oil companies on the planet, such as Chevron, BP, Shell and Occidental, along with the American Petroleum Institute and other trade associations.

From the article:... Two Texas A&M University scholars are calling for an end to the U.S. oil export ban because it penalizes domestic crude producers, hurts the global economy and harms American interests abroad.

The quick reaction time by some of the high - cost producers, notably the American shale oil drillers, is why one of the world's foremost oilmen, Sadad Al - Husseini, the former executive vice-president of Saudi Aramco, the world's biggest oil and gas company, is becoming bullish on oil even as Brent prices sink to the low $ 60s.

Focused initially on reducing methane and volatile organic compound (VOC) emissions, the Environmental Partnership includes 26 natural gas and oil producers, who produce a significant portion of American energy resources.

BloombergView: It's a pernicious bit of American mythology that is used to justify the law against domestic oil producers selling their crude overseas: The U.S. needs «energy independence.»

Steyer's war against America's energy producers corresponds with Putin's efforts to subvert American oil and gas production.

During the past decade, American crude oil production jumped 88 percent and natural gas production increased 46 percent, catapulting the United States to our current position as the world's leading oil and natural gas producer.

via: New York Magazine and Mothership Meals High Fructose Corn Syrup High Fructose Corn Syrup Producers on a Roll Quote of the Day: Daniel Imhoff on Obesity and the Farm Bill Will the High Price of Oil Make Americans Skinnier?

The United States is the world's leading producer of oil and natural gas, the result of an American energy renaissance powered largely by private investment and safe and responsible hydraulic fracturing.

Thanks to the American energy revolution, the U.S. is the world's leading producer of oil and natural gas.

Nigel has been advising on the meaning and effect of an early termination clause in a series of charterparties between shipowners and charterers who subcharter to a South American national oil producer.