Sentences with phrase «oil barrels when»

Not exact matches

The Irvings had their hopes dashed in October when plans were scrapped for the $ 15.7 - billion Energy East pipeline, which would carry over a million barrels of oil from Alberta to Saint John, N.B. every day, some of which would be processed at Irving Oil's refineoil from Alberta to Saint John, N.B. every day, some of which would be processed at Irving Oil's refineOil's refinery.

The transport bottlenecks have increased the discount buyers take for Canadian oil over U.S. light crude and Cenovus said its differentials averaged $ 24.28 per barrel in the first quarter, a 67 percent jump when compared with last year.

When [terms of trade] goes up, it means basically we can turn a barrel of oil into 60 shirts instead of three,» he says.

Just try convincing employees to keep costs down when oil is selling at US$ 100 a barrel, he says — it's a losing battle.

Vito was first designed in early 2014, when oil was trading around $ 100 a barrel.

Unlike Grantham, Shilling believes that low global growth will continue to keep pressure on the price of oil, especially when Saudi Arabia, the world's most influential producer, can continue to pump up oil for less than $ 10 a barrel.

The day before Marathon announced it was breaking up in January 2011, the combined company had a market value of around $ 28.9 billion, when oil was trading at around $ 90 to a $ 100 a barrel.

The deal, when announced last autumn, was predicated on a recovery in the oil price to $ 60 per barrel by 2019, an increase that now seems less likely with a glut of crude still circling the globe and keeping prices below $ 50.

«When we price in $ 70 [per barrel] oil, part of that is future supply continuity,» Kilduff explained.

«When crude oil goes to $ 55 a barrel, I can take a 12 percent to 18 percent hit on my corrugated [boxes] and plastic packaging,» says the founder of the 15 - person firm.

When combined with the Company's existing 10,000 barrel per day agreement for in - field gathering with Oryx Midstream Services and planned investment of approximately $ 20 million in its own oil gathering system in 2018, PDC believes this agreement ensures its ability to successfully produce and deliver volumes in accordance with its current development plan.

When the spread between West Texas Intermediate crude oil and Western Canadian Select narrowed to US$ 10 a barrel last summer, some analysts declared that the big price differentials were gone for good.

«Back when the hurricane hit on August 25, oil was $ 47 a barrel,» he said.

The Yom Kippur War between Israel and Egypt / Syria in the fall of 1973 hastened the 1970s oil crisis when OPEC declared an embargo that raised the posted price of oil from $ 3.00 a barrel to approximately $ 12 by spring of 1974.

What if oil stayed at just $ 60 a barrel for a few years, as the Bank of Canada assumed in January 2015 when it cut interest rates?

In November, when oil prices fell from US$ 78 a barrel to US$ 65, ISOF made 2.49 % versus a 1 % return for the S&P / TSX composite.

Of course, oil at $ 85 or $ 100 a barrel is still plenty expensive compared to lows of $ 40 in 2008, when the Great Recession hit.

Westech stood by its employees even when the price of oil fell to $ 26 a barrel, with Lapp proudly noting that the company did not lay off a single person.

Last month, Governor Jack Dalrymple called for a decrease in the state budget, since tax revenues are down and the budget outlook for the state is different from two years ago, when the price of oil was topping $ 100 per barrel.

When the pipeline opened in 2010, it was permitted to carry only as much as 500,000 barrels of oil a day.

And as I shared with you last month, major explorers and producers's profits are now in line with what they were when oil was trading for $ 100 a barrel and more.

Only 10 years later, when oil went to $ 147 / barrel the «experts» said oil will stay high or go even higher because we passed peak oil.

«Simplification, standardization and deflation are repositioning the oil industry for better profitability and cash generation in the current environment than in 2013 - 14 when the oil price was above $ 100 a barrel,» Goldman Sachs analysts said in a research note on Wednesday, as quoted by Bloomberg.

Four years ago, when I was still chief economist at CIBC World Markets, I forecast that global economic growth was on pace to send oil prices to $ 200 a barrel by 2012.

Libya and its growing crude oil output became a major worry for OPEC in the last few months when attacks on fields and pipelines largely subsided, allowing the country holding Africa's biggest oil reserves to recover its production to over 1 million barrels.

The carbon footprint of a given barrel of oil over any other was not really on the political map when Chrétien was changing the tax code to finance a mine and Klein was rewriting the royalty regime to make it easier to expand the industry.

It is hard to imagine a shortage when oil is dipping below $ 30 per barrel.

A poll conducted by Associated Press - GfK in late March — when oil prices had already risen 26 per cent since the start of the year to US$ 108 a barrel — revealed that two - thirds of Americans expected rising gasoline prices to cause hardship for them or their families in the coming months.

Lost oil output amounts to around 1 million barrels per day, but since it is unclear when production will be fully restored, the cumulative loss of income remains uncertain.

In 1987, he bought a controlling stake in Husky Energy, then a small Canadian oil and gas driller that had slashed operations when oil dropped below $ 10 a barrel.

Oil futures have fallen about $ 3 a barrel from two weeks ago when London prices were close to $ 70.

When Major General Manuel Quevedo became head of Venezuela's oil industry last November, the former housing minister and national guard chief promised to boost oil output by a million barrels Continue Reading

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.

When oil was first discovered / produced in an «economical» version of our reality in Petrolia Ont, it was not priced at $ 20 barrel,................

In the last year, the spread between what a barrel of oil is worth in the Midwest (called WTI — which is usually the oil price you see on the nightly news) and what it's worth either on the Gulf Coast (LLS) or when shipped to Europe (called Brent — which is generally used as a benchmark for world prices) has widened to historic levels.

«Based on the Saudi current - account balance, Aramco had revenues of $ 160 billion last year from just oil and refined products exports when the average price of oil was $ 43 a barrel,» Fareed Mohamedi from the Rapidan Group said.

Moreover, when looking at 5 - year crude oil storage trends, the surplus is even more eye - opening: roughly 82 million more barrels are in storage now than five years ago.

A few weeks ago, when the price of oil tested a low near $ 90 per barrel for the first time in many months, Rainwater decided that he had found the right reentry point.

Crude - oil prices have dropped considerably since their peak in 2008, when prices briefly touched $ 147 a barrel.

«Back in May, when oil was at $ 129 per barrel and rising, billionaire investor Richard Rainwater did something as prescient as it was shocking: He sold off all the energy stocks he owned.

Then, in 1997, when crude was priced below $ 20 per barrel, he decided to make a huge bet on oil.

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.

The initial shipping contracts were signed when oil sold for nearly $ US 90 a barrel.

But even as the energy sector rebounds from a three - year downturn, the Conference Board does not expect the Canadian oil sector to post the record $ 116 billion in revenue it did in 2014 — when oil prices were over US$ 100 per barrel — until 2021, when it is expected to pull in $ 119 billion.

As a comparative metric, price per flowing barrel is typically more useful when comparing similar types of oil from similar types of fields.

When oil hit $ 100 a barrel last year, consumers yelped and the media headlined the number as major news.

When you add in refined products and other petroleum liquids, Canadian exports soared past 4.1 million barrels a day, a total that is higher than the next seven U.S. suppliers combined, and nearly four times more than Saudi Arabia, the U.S.'s second largest source of foreign oil.

The EIA in February reported that Canada pumped an average of 4.5 million barrels a day in 2015, and predicted this would rise to 4.8 million in 2017 as oil sands projects under construction when oil prices began to fall in 2014 come on line.

All the extra oil supply might have some shareholders worried about lower prices and sinking profits, but for many major explorers and producers, profits have returned to the days when oil hovered above $ 100 a barrel.

Even a million barrel cut would not offset the decrease in demand through the Winter (especially with higher than normal oil prices from this «deal»), also especially when others will increase production to take advantage of the higher price thus offsetting the cuts.