Sentences with phrase «crude prices above»

With Brent Crude prices above $ 110, offshore Africa will become more and more attractive to the big exploration and production companies.

Not exact matches

The spot price for Brent Crude has recovered from a mid-January low of US$ 27.19 to just above the US$ 50 mark.

But the rise in Treasury yields above 3 percent has driven the value of the U.S. dollar to three - month highs, which may pose a threat to a more pronounced rally in the crude price.

But Wood Mackenzie speculates that investors might not remain so stubborn with U.S. crude prices at three - year highs above $ 60 and a corporate tax cut windfall on the horizon.

Oil prices have skyrocketed around 40 percent since the middle of 2017, with Brent crude rising to multi-year highs above $ 71 a barrel, before a pullback last week wiped out its gains for 2018.

For the first time in months, oil industry officials are hopeful that crude prices could stick above $ 50 per barrel.

Oil companies have since returned to the market, hiring rigs to explore for offshore oil and gas deposits after crude prices have traded above $ 60 a barrel since November.

The good news, according to gas price analysts at Kent Marketing Services (formerly M. J. Ervin & Associates), is that significantly lower gas prices of just above a dollar a litre are probably coming to Canada this fall, based on what's already happened in crude markets.

All this because the arm - waving following the summer's run to $ 147 - a-barrel crude — which briefly pushed the headline consumer price index above 5 % — scared the Fed into wanting to look tough on inflation.

July 2016 Oil and Gas Prices Global crude markets showed resilience in June when both Brent and WTI rallied to a 2016 high above $ 51 / bbl, due to continuing outages in Nigeria and Canada, as well as a 1.7 % decline in U.S. production.

Oil prices are soaring on the OPEC deal news, and as of 10:50 AM (EST), WTI Crude was surging 7.21 percent at US$ 48.49, and Brent Crude was soaring by 7.65 percent at US$ 50.94, staying above the US$ 50 mark for a couple of hours now.

«Extraction from the Canadian oil sands continues to grow and with crude oil prices back above $ 70 (U.S.) a barrel, new greenfield projects and previously shelved expansions are once again starting to become viable,» wrote senior currency strategist Matthew Strauss.

The US oil - rig count plateaued near the highest level in three years and showed signs of declining in late March (to 797), though it still stood 50 rigs above the year - end 2017 total.2 This contributed to expectations for a further increase in American crude production, which has topped 10 mb / d each week since early February, when WTI prices began to recede from their intra-quarterly high of US$ 66.14 a barrel.3 The amount of crude in US storage occasionally exceeded weekly estimates given the higher domestic output and fluctuating net import figures, reigniting fears that US production may thwart OPEC's efforts to clear global oversupply.

Angola's crude exports fall to lowest since at least 2008 OPEC disruptions could send prices above $ 80 a barrel: BofAML While plunging output in Venezuela captures the oil world's attention, Continue Reading

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.

After a quarter - long consolidation, West Texas Intermediate crude oil prices broke above a key technical level of $ 66 per barrel in early April, the highest level since 2014, offering an indication the current uptrend remains intact.

As the wildfires burned, Brent crude oil prices soared above $ 50 per barrel for the first time in 2016.

I have been convinced that crude oil prices will inevitably find a bottom in 2012 that is well above the prices we saw in 2011 — well above $ 100 a barrel in global average price.

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.

Crude oil prices are clearly trading above their 20 and 100 - day moving average as this has now become one of the strongest trends in 2018 as I think this will start to support the precious metals and the agricultural market down the road.

Strong demand for crude oil and the entire energy sector continues to push prices higher as I still think we will trade above the $ 70 level in the weeks ahead as global supplies have dwindled over the last year due to the fact that worldwide economies are improving which is a terrific thing to see in my opinion.

They're the two largest exporters of crude oil and, as you can see above, Russia requires an oil price north of $ 100, Saudi Arabia right at about $ 95 per barrel on a Brent basis, and we're below that number now.

With U.S. crude prices now 25 % above their March lows, U.S. exploration and production companies are considering a resumption in drilling.

After my post last night got me reading Budget 1980 and the National Energy Program, I stumbled upon something completely fascinating: the hated National Energy Program proposed an indexed price for synthetic crude from oil sands projects which, had it been followed until today, would have been above the Canadian dollar price of WTI in -LSB-...]

Canada's resource sector has been slammed as the price of crude has fallen from a high above $ 105 in June 2014 to below $ 40 over the past few months, just as other commodities are at or near multi-year lows.

Every dollar July Crude moved above your strike price, your call option position would gain $ 1,000 of intrinsic value.

The 12 - month Bloomberg Nymex Crude Oil Strip 12 - Month Strip Futures Price Index finished the quarter at $ 50.46 — down marginally from Q2, but still above $ 50 for the second consecutive quarter.

It's also worth noting that many big banks as well as the IEA now admit that peak conventional crude oil in now, and current spot prices for oil are above $ 100 like before the crash.

The price of Brent crude oil closed earlier this week above $ 70 per barrel for the first time since late 2014 19 January 2018

So long as the conventional crude oil price stays above 31.5 USD2006 / boe (excluding profits) it is profitable to extract oil sands.