Sentences with phrase «benchmark crude prices»

Benchmark crude prices slipped back to average about $ 45 / bbl in August, as Russia and Saudi Arabia continued to produce at record - high levels.

Western Canada Select (WCS) heavy blend crude for June delivery in Hardisty last traded at $ 15.65 below the WTI benchmark crude price, according to Shorcan Energy Brokers, compared with Tuesday's settle of $ 15.30.

Not exact matches

NEW YORK, April 23 - Global benchmark Brent crude turned positive on Monday, after dropping earlier after Iran's oil minister said OPEC would not extend its production cap pact if high crude oil prices continued.

(SAGD stands for Steam - Assisted Gravity Drainage; WTI for Western Texas Intermediate, a crude oil price benchmark.)

The energy market could have a new benchmark oil price when Dubai launches its Middle East sour crude futures contract as an alternative to New York's NYMEX light crude oil futures and London's IPE Brent crude oil.

Brent crude, the global benchmark, hit its highest since OPEC on Nov. 27, 2014 turned its back on curbing output to support prices, a move that triggered a battle for market share and helped deepen a collapse to $ 27 in early 2016.

Brent crude, the international benchmark for oil prices, rose to $ 70.37 on Monday, while U.S. West Texas Intermediate crude reached $ 64.89 on Tuesday, both hitting more than three - year highs.

The price of a barrel of West Texas Intermediate (WTI), a benchmark for so - called light sweet crude oil, tumbled from its June high of $ 108 to a low in January of $ 44.

At the last check Friday, U.S. West Texas Intermediate crude oil prices were at $ 67.73 a barrel, while international benchmark Brent crude sat at $ 73.15.

Statistics Canada reported in The Daily in November that, «gasoline prices have increased at a slightly faster pace in the central and eastern provinces than in the west, resulting in a spread between some provincial gasoline indices... associated with the dual crude oil market in Canada and the recent price differential between crude oil benchmarks.»

The benchmark price of U.S. crude oil last week hit US$ 68.64 per barrel, the highest since December 2014.

Prices of WTI crude oil, the benchmark grade for North America, have averaged $ 97.40 a barrel over the last year, 15 % higher than the five year average.

Benchmark crude futures contracts have in the past week wiped out the gains made since the end of September when the Organization of the Petroleum Exporting Countries said it would agree to cut oil production to shore up persistently low prices.

According to the Bilur website, this price is calculated daily against the Standard & Poor's Platts Dated Brent assessment — the benchmark appraisal of physical cargoes of crude oil in the North Sea.

Over the past five years the price of west Texas crude, the primary American benchmark for oil, has yo - yoed from US$ 60 a barrel to US$ 145 in 2008, all the way back down to US$ 30 during the recession, then up again to US$ 114, before settling this year around US$ 100.

Brent crude, the benchmark for international oil prices, fell $ 1.44, or 3.1 percent, to $ 45.45 a barrel in London.

Oil prices fell over 5 percent in early Asian trade and were still trading around $ 41.21 a barrel for benchmark Brent crude and $ 38.47 for U.S. WTI (West Texas Intermediate) in early European trade.

Earlier this year, for instance, Western Canadian Select, the benchmark price for bitumen from the oil sands, traded at nearly half the price of Brent crude.

The price of crude at Houston earlier this week tumbled to a record discount of more than $ 4 / bbl relative to Brent, the international benchmark.

As shown in the following chart, the price of West Texas Intermediate (WTI)-- a benchmark for crude oil — fell early in 2016, sparking a global loss aversion shift as investors began looking for a potentially higher - yielding investment opportunity.

Although the benchmark West Texas Intermediate (WTI) oil price has been increasing, Alberta's producers are being hurt by transportation bottlenecks that have resulted in heavy discounts for non-conventional crude oil.

After trading as low as US$ 27 a barrel in mid-February, the price of West Texas Intermediate, a grade of light, sweet crude used as a North American benchmark, is closing in on US$ 50 a barrel in the wake of several supply outages around the globe and renewed optimism in some quarters about a re-balancing of a previously over-supplied market.

Meanwhile, London - traded Brent crude futures, the benchmark for oil prices outside the U.S., shed 10 cents to settle at $ 74.64 a barrel.

Overall, crude ended the week down about 4 %, with the U.S. oil benchmark price WTI settling just above $ 45 per barrel on renewed supply worries due to surging U.S. production.

That pushed down the price of West Texas Intermediate (WTI), the benchmark price for mid-continent oil, but had a much smaller effect on Brent crude, the benchmark price for most oil outside North America.

Brent crude, the benchmark for international oil prices, lost $ 1.33, or 2.7 percent, to $ 47.04.

But while the recent crude price movements have been extraordinary, I still believe that oil prices will, for the most part, remain range bound, with the global benchmark Brent trading between $ 50 and $ 65 and WTI trading at a modest discount.

«At this level of imports from OPEC, Middle Eastern producing nations will be watching closely as they could, in time, face pressure from their Chinese buyers to adopt this benchmark for pricing their physical crude contracts,» the cartel said in its monthly report.

While the official goal of the new futures contract is to establish a regional benchmark for more useful pricing of the crude grades prevalent on the Chinese market, analysts see the yuan oil futures as a step toward China seeking wider acceptance of its currency in global trade, including the oil trade, and establishing a petro - yuan that could challenge, in the future, the dominance of the petrodollar.

OPEC, especially its Middle Eastern producers, will be closely watching the futures contract because once established, the Chinese reference crude price could act as a regional benchmark for negotiations of spot or term crude oil prices.

The latest rise in oil prices took gains in the Brent crude oil benchmark to 40 % since June.

While the market benchmark remains West Texas Intermediate crude delivered in Cushing, Oklahoma, there has been a surge in trading of futures contracts tracking the price differences between WTI and oil sold in Gulf Coast ports like Houston and the Permian shale fields near Midland, Texas.

Brent crude, the benchmark for international oil prices, added 88 cents to $ 46.33 a barrel in London.

But in early March figures revealed that a resurgence in production in US shale fields had increased US crude inventories to record levels, which pushed a leading benchmark for oil prices below US$ 50 per barrel for the first time this year.

After climbing on news of the agreement, the price of the Brent crude benchmark rose further following a pipeline shutdown, moving above US$ 65 per barrel for the first time since mid-2015.

Next year, Brent crude, the international price gauge, will average $ 58 a barrel, and West Texas Intermediate, the U.S. oil benchmark, will average $ 54 a barrel, according to 13 banks polled by The Wall Street Journal.

ENERGY: Benchmark U.S. crude oil futures added 28 cents to $ 45.11 in electronic trading in the New York Mercantile Exchange while Brent crude, the benchmark for international oil prices, fell 6 cents to $ 47.20 a barrel iBenchmark U.S. crude oil futures added 28 cents to $ 45.11 in electronic trading in the New York Mercantile Exchange while Brent crude, the benchmark for international oil prices, fell 6 cents to $ 47.20 a barrel ibenchmark for international oil prices, fell 6 cents to $ 47.20 a barrel in London.

This unpleasant picture is presented after a third quarter in which Brent crude, the international benchmark for oil prices, traded at about $ 50 a barrel on average, the lowest sustained levels since the financial crisis.

Oil and gas equities have been underperforming crude oil prices since the middle of 2017, but the outlook for energy stocks deteriorated further in the past two weeks, as major oil benchmarks have declined more than 10 per cent.

«This reality will not change even if large volumes reach tidewater for export, as the difference in price that existed over the past few years between the inter - national benchmark — Brent Crude — and North America's benchmark — West Texas Intermediate (WTI)-- which did provide a premium for tidewater access over the past few years, has now been reduced to almost nothing.»

The economist said that a benchmark oil price of 44.50 dollars per barrel of crude oil was close to the prevalent market rate of 47 dollars per barrel.

Global oil benchmark, Brent crude, which was trading around $ 41 per barrel when the petrol price was increased, stood at $ 55.64 per barrel as of 5.15 pm on Friday.

A report by industry monitor, Genscape, that showed a 1.3 million barrel fall in crude inventories at the benchmark's pricing hub in Cushing, Oklahoma, added further support, brokerage PVM said.

But while the recent crude price movements have been extraordinary, I still believe that oil prices will, for the most part, remain range bound, with the global benchmark Brent trading between $ 50 and $ 65 and WTI trading at a modest discount.

Also, Morgan Stanley analyst Adam Longson said that prices for Brent crude, an international benchmark, could fall to as low as US$ 43 a barrel next year.

The Index is comprised of equities highly correlated to energy, based upon the price of the global benchmark for oil, ICE Brent Crude.

The benchmark price of U.S. crude oil last week hit US$ 68.64 per barrel, the highest since December 2014.

Oil prices have halved since June, with the benchmark Brent crude trading earlier this week at less than $ 50 a barrel.

The advent of US shale oil was also disastrous, lowering the price of crude oil that is the benchmark upon which other forms of energy are judged, and having consequences like knocking the bottom out of the coal market, so coal began again to compete with renewables.

The price of benchmark Brent crude has fallen 46 -LSB-...]