Sentences with phrase «ecobank oil analyst»

«The idea that gasoline demand is actually rising suggests that perhaps the lower prices of crude are actually prompting a greater usage of this product (gasoline),» said Vyanne Lai, oil analyst at National Australia Bank.

Oil analysts at Tudor, Pickering, Holt & Co, who encourage Exxon shareholders to sell, said in a note to clients on Monday that Tillerson's experience could be a benefit to the incoming Trump administration.

«This year, however, (OPEC's) production curbs will increasingly have to make do with playing second fiddle to a Texas - sized wave of U.S. shale growth,» Stephen Brennock, oil analyst at PVM Oil Associates, said in a research note Wednesday.

However, monthly figures show U.S. oil production flatlining recently, and even dipping in June, said Amrita Sen, chief oil analyst at research consultancy Energy Aspects.

Series 3 holder and oil analyst, he became an energy trader for Bear Stearns handling a variety of customer and house accounts in all energy futures and options rings.

The red flags of an imminent U.S. embargo on Venezuelan crude are already apparent, according to an oil analyst, with ramifications of such a move likely to exacerbate an unprecedented economic meltdown.

Once supply and demand come back into balance, points out Fadel Gheit, Oppenheimer's senior oil analyst, prices should gravitate toward the marginal cost of production of new barrels.

«I think it's certainly something that OPEC would like very much... And I think the agreement that they struck — that is with OPEC and non-OPEC members — actually took them quite a large step towards that,» Colin Smith, oil analyst at Panmure Gordon, told CNBC Wednesday.

«From a pure demand perspective, the China risk is pretty much priced in,» said Matt Parry, senior oil analyst at the International Energy Agency in Paris, in an email.

A recent assessment by Citi oil analysts warned investors that Alberta syncrude»... is not a fuel source that sits naturally within a low carbon economy and is unlikely to be a strategic winner as climate regulation tightens, albeit gradually, in North America.»

Miswin Mahesh, oil analyst at Barclays, agreed that a gradual recovery for oil markets was «still in place as non-OPEC supply reduces» and predicted that prices would not fall below $ 30 a barrel due to the lack of a deal.

We are hours away from the highly anticipated OPEC meeting and oil analysts are coalescing around two possible scenarios that leave very little middle ground: if OPEC reaches a deal, oil prices could be heading well over $ 50 per barrel.

While struggling OPEC and non-OPEC oil producers might not be so sanguine about a failure of talks admittedly not many producers or oil analysts were optimistic from the start.

Nevertheless, the current oversupply woes have forced investment banks and other oil analysts far and wide to downgrade their oil price forecasts.

The arm chair oil analysts are out en masse.

The expected strong demand growth, coupled with OPEC's production cuts, is making oil analysts and traders at the Singapore conference more bullish this year than at the same event last year, according to Bloomberg.

Related: Oil Analysts Baffled As Venezuela Ditches Petrodollar

Two weeks ago, I further supported this thesis with the supposition that the Gulf Coast storms would actually accelerate these trends, going against virtually every other oil analyst out there, including an alert from Goldman Sachs claiming the storms would have a far greater impact on demand than supply.

When the year began, many investors anticipated strong earnings growth mostly coming from the energy sector, and many oil analysts had targeted crude prices in the upper US$ 50s to low US$ 60 / barrel range over the course of 2017.

Genscape oil analyst Carl Evans said that, even with crude prices below $ 50 (U.S.) a barrel over the past two years, heavy bitumen production in Canada's oil sands region has continued to grow.

«I think it's certainly something that OPEC would like very much... And I think the agreement that they struck — that is with OPEC and non-OPEC members — actually took them quite a large step towards that,» Colin Smith, oil analyst at Panmure Gordon, told CNBC.

Oil analysts say forecasting the timing of a bottom in prices has been particularly difficult because of the unknowns around U.S. production, and most have now extended their forecasts for low oil well into next year.

Oil analysts are basically unanimous now in saying the company needs to rein in spending if it hopes to provide better returns to shareholders.

When the year began, many investors anticipated strong earnings growth mostly coming from the energy sector, and many oil analysts had targeted crude prices in the upper US$ 50s to low US$ 60 / barrel range over the course of 2017.

Said Sanford Margoshes, an oil analyst at the Shearson Lehman Bros. investment firm: «Texaco has bought time.

This point reflects the analysis by a host of climate experts, the Environmental Protection Agency, Wall Street financial institutions, and oil analysts that the State Department's environmental review critically underplays the pipeline's impact.

He was one of the first «conventional» oil analysts to publish research in to the potential cost of carbon for oil companies with two reports in 2008 and 2013, both called «Oil & Carbon.

In the report on peak oil commissioned by the US Department of Energy, the oil analyst Robert L.Hirsch concluded that «without timely mitigation, the economic, social and political costs» of world oil supplies peaking «will be unprecedented.»

The recent High Court litigation involving Roman Abramovich and the development of part of the Priobskoye oil fields, regarded by one oil analyst as the «pearl of Western Siberia», addresses important issues of jurisdiction in civil fraud cases.

Not exact matches

«Despite the temporary pullback in production in the first quarter, we still expect our oil sands volumes for the year to be within our original guidance of 364,000 to 382,000 barrels per day,» he told a conference call with analysts.

The price of oil has risen to its highest since late 2014 this month, driven by concern over the potential for disruption to Iranian crude flows, but analysts say the degree of uncertainty hanging over the deal means the market is extremely sensitive to any developments.

While the effects of a possible trade war are still just in the realm of possibilities and analysts are waiting for all the rhetoric dust to settle, if trade and economic growth were to weaken, they could affect the pace of oil demand growth.

Though some analysts have worried that the intransigence of European lenders would force Greece into Russia's sphere of influence, it's not clear just what Russia could do for the Greeks, given Russia's own economic troubles amid low oil prices and Western sanctions.

During oil's deep decline, Schlumberger offered to drill in oilfields that were on hiatus in exchange for a share of future production, a move that was «very controversial» and has yet to pay off, says Colin Davies, an analyst at Bernstein.

Demand is rising too: Goldman says China and other emerging markets are using more oil than analysts had anticipated, while low gas prices are encouraging American consumers to drive more than ever.

Analysts agree that attempting to accurately predict how the situation will affect oil prices would be premature.

Internal studies by a group of analysts within Shell known as the «scenarios» team had concluded that global demand for oil might peak in as little as a decade — essentially tomorrow in an industry that plans in quarter - century increments.

Jefferies equities analyst, Jason Gammel discusses how geopolitics are influencing oil prices in the first trading day of 2016, and when oil equities will become a buying opportunity.

Analysts and investors generally praised the deal as data analytics and other high - technology operations grow in demand among oil producers.

Total produced 2.703 million barrels of oil equivalent per day (boe / d) in the first quarter, driven by ramp - ups and new acquisitions, up more than 5 percent compared to the same period in 2017, and above analysts» estimates of 2.663 million boe / d.

Oil traders are eagerly anticipating an extension to OPEC's production cut this week, but one analyst has told CNBC that comments from the oil cartel could be just as powerful in propping up the price of the commodiOil traders are eagerly anticipating an extension to OPEC's production cut this week, but one analyst has told CNBC that comments from the oil cartel could be just as powerful in propping up the price of the commodioil cartel could be just as powerful in propping up the price of the commodity.

COPENHAGEN, Feb 9 (Reuters)- A.P. Moller - Maersk's move to focus on transport and jettison oil was tested on Friday as the world's largest container shipping firm missed profit forecasts and gave what analysts saw as a conservative outlook.

Europe's largest oil firm Royal Dutch Shell has beaten analyst expectations, reporting profits for its second quarter that are three times larger than this time last year.

We have a different view on inflation, which we see below 2 percent even in 2018,» analysts at Bank of America Merrill Lynch said in a note on Wednesday, explaining that oil prices will keep headline inflation low.

With oil prices rising again, it now has to prove to investors and analysts that it took the right course.

«Oil reacted very severely» to Netanyahu's announcement, said Phil Flynn, analyst at Price Futures Group in Chicago.

Calgary - based Enerplus Corp. plans to continue to pour money into its North Dakota light oil play this year after crediting it with fourth - quarter profits that handily beat analyst expectations.

While most analysts don't think the price of oil will plummet anytime soon, any downward movement will ultimately cascade to other sectors of the Alberta economy as investment in the sector slows, McColl cautions.

Analysts estimate that a sanction - free Iran could add another 1 million barrels per day of oil to global supply by 2016, providing a supply cushion if U.S. shale producers end up running out of financing.

It also means that over the next year, Apple will be paying more back in dividends than any other publicly traded company, beating out oil giant Exxon Mobil for the position, according to Howard Siliverblatt, veteran market watcher and senior index analyst at S&P Dow Jones Indices.