Sentences with phrase «lower crude prices»

Lower crude prices since 2014 have hurt the economy and led to higher unemployment.

Sharply lower crude prices were reflected in revised capital spending plans by oilpatch companies.

With crude - oil exports rising year - over-year, the value of the exports did not rise proportionally, with Canada's crude - oil export bill declining about 11 percent to $ 50 billion in 2016 compared to $ 55.8 billion the previous year, as lower crude prices and a weaker dollar cramped the export value of crude.

No other oil - producing region risks losing more capital spending due to lower crude prices than Alberta.

Alberta's unconventional oil reserves are big enough to meaningfully increase world oil supplies — and lower crude prices for everyone — if they're fully developed.

While lower crude prices mean cheaper gasoline in the U.S., which should spur demand, that's not so much the case in other countries, where taxes represent a higher portion of the cost of gas (as in Europe).

Even as oil producers could struggle with lower crude prices, increased production investment is already paying off for US Silica and National Oilwell Varco.

It is widely believed that lower crude prices are good for equities in the long term, but the short - term effects of the lower prices are complicated.

All three of these corporations have embraced the art of reinvention as a means to combat increasing competition, low crude prices, or to keep up with the latest developments in technology.

However, in today's low crude price environment, it's essential we accelerate this work,» Suncor CEO Steve Williams said in a release.

Suncor said that while the discount Canadian producers face nearly doubled in the first quarter compared with last year's quarter, it had no impact on the company's earnings or cash flow, as low crude prices were offset by better midstream and downstream returns.

India imports nearly 75 % of its oil (source: Central Statistical Office, India), so sustained low crude prices improved the inflation picture and current account balance (source: Bloomberg data).

Over the past 25 years, there has been lower crude price volatility in the mid-continent regions than on the coasts (WTI vs. Brent), so there may be some improvement here, at the margin.

Low crude prices and a booming global economy have caused the biggest oil glut in history to disappear before your very eyes.

Nigerian troops are deployed to the Niger delta where militants have been attacking oil facilities since the start of the year, cutting output and hammering government revenue at a time of low crude prices.

Following the long winter of low crude prices, the government's need for fiscal discipline is more important than ever heading into Tuesday's budget, Employment Minister Pierre Poilievre said in an interview.

Norway has started withdrawing cash from the fund to pad widening budget gaps as low crude prices weigh on the oil - reliant economy.

Not exact matches

Andurand, who runs oil hedge fund Andurand Capital Management LLP, wrote in a string of tweets on Sunday that companies may be less willing to risk investment in long term oil projects because of low crude barrel prices and a predicted peak in electric vehicle demand.

In the face of low crude oil prices, the company focused on natural gas, which had stronger rates.

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

The decreases are largely the result of the oil glut and all - time lows for crude prices — last year, mining, oil producers, and metal companies lost a combined $ 70 billion on $ 1.3 trillion in revenue.

The world's largest publicly - traded oil and gas company by market value has ridden out a collapse in crude prices better than most, its vertically - integrated model allowing downstream businesses to capture the value that upstream operations lose when oil prices are low.

«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.

After all, crude oil and commodities prices are still so low that plunging resource revenues forced Ottawa to defer its target date for balancing the budget.

The long era of too much oil sloshing around the world and low prices is coming to an end, just as global events are heating up crude prices.

Business investment is inhibited by the low prices for Canadian crude and weak domestic demand.

Last year, funds that bet on an oil - price recovery were hit as crude in June fell to $ 42.05, the low for the year.

Additionally, prices for its major commodity exports - crude oil and palm oil - have dropped sharply and its currency, the ringgit, is trading close to its lowest levels since the Asian financial crisis of the late 1990s.

As the oil sector becomes increasingly focused on margins, Parex benefits from the low costs in that country, without the market access problems that impose a discount on crude prices in Western Canada.

The depressed prices mean lower prices for refiners and less pump pain for North American drivers, but it's hardly good news for Canada's oil industry, which spent billions on oilsands projects after world crude prices had risen high enough to justify the investment.

In light of the tug - of - war in the crude oil space, where prices have traded between the low $ 40s and low $ 50s since March, Cramer used the charts to try to foresee the commodity's future.

When national budgets of various oil - producing countries are determined by crude prices, then a lower price forces capital to be repatriated back to the country of origin (and we haven't even mentioned Russia, which is flooding the crude market for budgetary reasons).

In 2014, the mining and crude oil production company with headquarters in Irving, Tex., did just that, with a $ 1.8 billion boost that brought their profits to $ 930 million, all while oil prices has dropped to historic lows.

In Indonesia, which ended gasoline subsidies in 2015 and lowered the diesel subsidy to 500 rupiah (3.6 U.S. cents) per litre in 2016, retail prices also haven't risen by as much as the price of crude oil.

The velocity of the move will be based on the movement of the dollar in conjunction with other major global currencies; A fast move higher in the U.S. dollar will force the price of crude lower quickly (crude is denominated in dollars globally) and force selling by those who need capital.

CNBC's Jackie DeAngelis reports fresh lows in crude over the weekend as concerns resurface that oversupply will continue to pressure oil prices.

This trend has reversed in recent weeks, with larger discounts applied to global and Canadian heavy crude leading to bitumen prices remaining low while world oil prices have gained some of the lost ground.

Crude oil prices hit new lows earlier on Friday, as everything continues to indicate that oil producers are pumping relentlessly.

WTI crude prices remain choppy, but up 9 percent this week, and up 29 percent since its August low, with CNBC's Jackie DeAngelis.

Discussing the move higher, then lower, in crude prices after tensions between Iran and Saudi Arabia, with Anthony Grisanti, GRZ Energy President.

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.

Crude prices continue to move lower.

And all of this is on a background of oil prices that have basically crashed since the summer, with both Brent and WTI crude prices falling more than 30 % since June to multi-year lows.

LONDON, May 3 - Oil prices slid lower on Thursday as swelling U.S. crude inventories and record weekly U.S. production offset concerns over OPEC supply cuts and the potential for new U.S. sanctions against Iran.

Prices for major commodity exports crude oil and palm oil have dropped sharply and its currency, the ringgit, is trading close to its lowest levels since the Asian financial crisis in the late 1990s.

Although U.S. crude oil inventories are at «historically high levels» for this time of year, according to the Energy Information Adminstration's Weekly Petroleum Status report, Molchanov predicts inventories will trend lower by the middle of the year as prices recover.

That's lower than the prevailing price in 2015, when the Bank of Canada dropped its policy rate to 0.5 % to counter the blow from the collapse of crude prices.

For instance, they expect Brent crude to peak at $ 82.50 per barrel in July and copper to peak at $ 8,000 per ton in December, but they have forecast lower prices for both oil and copper in 2019.

Oil prices collapsed on Thursday to their lowest since late November as investor worries about the world's stubbornly persistent glut of crude erased most of the gains that followed last year's OPEC's output cut.

This, after a year of flatter growth and considerable volatility in the commodity markets, marked by continued discounts on Canadian crude and low gas prices.