Sentences with phrase «on oil benchmark»

«We know what is going on in the global economy: this budget is predicated on an oil benchmark of $ 38 per barrel and I can now say that with oil being $ 28 today, this budget is dead on arrival.

On oil benchmark, the senate spokesman said the red chamber would note the advice by Christine Lagarde, Managing Director of International Monetary Fund (IMF) when considering the 2016 Appropriation Bill.

Not exact matches

Our energy sector has been hurt partly by low natural gas prices and the discount placed on Canadian oil compared to world benchmarks, but gas and oil prices have generally been flat or on the rise.

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.

In the oil markets, prices dropped back from $ 90 amid some profit - taking — benchmark oil for October delivery was down $ 1.03 to $ 89.18 per barrel in electronic trading on the New York Mercantile Exchange.

The plan is to launch an oil futures contract on the Shanghai International Energy Exchange (INE), but there are obstacles in convincing large oil producers and consumers in using the yuan and investing in the Shanghai benchmark.

Oil prices slipped away from 2018 highs on Thursday, with global benchmark Brent trading at $ 71.15 in early afternoon deals, down 0.8 percent, and WTI trading at $ 66.38, around 0.6 percent lower.

On Friday, international benchmark Brent crude oil was trading within $ 2 of its 2017 high of $ 58.37.

U.S. crude futures dipped below $ 28.50, while the international benchmark Brent fell as far as $ 27.79 a barrel after reports that Iran had offered sharp discounts to customers in Europe and Asia to find buyers for millions of barrels of oil in storage that it is now free to sell, after the lifting of most international sanctions on it at the weekend.

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.

By early afternoon in Europe, benchmark oil for November delivery was down 21 cents at $ 91.91 a barrel in electronic trading on the New York Mercantile Exchange.

Benchmark oil for October delivery was down $ 1.28 to $ 107.52 per barrel in electronic trading on the New York Mercantile Exchange.

Benchmark 10 - year Treasury prices dipped on Wednesday as a recovery in oil prices helped stocks move higher.

Priced in yuan and traded on the Shanghai International Energy Exchange, it's the first such Asian benchmark for oil deals.

The difference between Brent and a barrel of Western Canadian Select, the benchmark price for oil sands product, was even more significant, a fact that had caused considerable hand wringing in downtown Calgary as well as on Parliament Hill.

A hairline crack on a single pipeline has exposed the vulnerability of Dated Brent, the world's most widely used oil benchmark price

Following a January rally, the global commodities complex underwent declines in February before partially recovering in March; for the first quarter as a whole, the benchmark Thomson Reuters CoreCommodity CRB Index (CRB) gained 0.8 % on a price - only basis.1 Among the 19 component commodities tracked by the CRB, advancers had a slight edge over decliners, buoyed by growth in global economies and weakness in the trade - weighted US dollar, which retreated 2.1 %, according to the Federal Reserve's (Fed's) US Dollar Index.1 Aside from robust gains for a host of agricultural products, oil and gold were also among the commodity winners.

(Reuters)-- The Canadian heavy oil discount grew modestly against the West Texas Intermediate (WTI) benchmark on Wednesday, but remained within its recent trading range.

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.

Benchmark oil for June delivery was down 51 cents to $ 96.50 a barrel in electronic trading on the New York Mercantile Exchange.

Likewise, a marginal bond selloff will push yields on 10 - year Treasurys to 2.57 % and U.S. benchmark oil prices will be $ 50.20 a barrel or barely changed.

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.

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.

The leading non-US benchmark for oil prices reached its highest level for more than two years, as Turkey threatened to disrupt supplies from Kurdish oilfields in northern Iraq in response to the autonomous Kurdish region's referendum on independence.

Benchmark oil for April delivery was up 7 cents to $ 106.78 a barrel in electronic trading on the New York Mercantile Exchange.

Benchmark oil for July delivery was down 55 cents to $ 91.29 a barrel in electronic trading on the New York Mercantile Exchange.

On Wednesday, the benchmark U.S. oil contract fell almost 7 %, whacking the stock market broadly and in particular energy companies like Exxon, Chevron, and ConocoPhillips.

Benchmark rates in the U.S., Germany and Japan fell below 1 percent on average for the first time as deflation emerged in Europe, oil sank below $ 50 and American wages fell.

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.

Benchmark oil for February delivery was down 35 cents to $ 95.2 per barrel in electronic trading on the New York Mercantile Exchange.

Benchmark oil for April delivery was down 14 cents to $ 106.11 per barrel in electronic trading on the New York Mercantile Exchange.

The Palm Oil Innovation Group (POIG) is a multi-stakeholder initiative that strives to achieve the adoption of responsible palm oil production practices by key players in the supply chain through developing and sharing a credible and verifiable benchmark that builds upon the Roundtable on Sustainable Palm Oil (RSPO), and creating and promoting innovatioOil Innovation Group (POIG) is a multi-stakeholder initiative that strives to achieve the adoption of responsible palm oil production practices by key players in the supply chain through developing and sharing a credible and verifiable benchmark that builds upon the Roundtable on Sustainable Palm Oil (RSPO), and creating and promoting innovatiooil production practices by key players in the supply chain through developing and sharing a credible and verifiable benchmark that builds upon the Roundtable on Sustainable Palm Oil (RSPO), and creating and promoting innovatioOil (RSPO), and creating and promoting innovations.

Energy market regulation and energy prices have come to the fore on a regular basis at G8 and G20 summits in connection with geopolitical crises (especially on gas) and benchmark oil price increases (the Brent market).

Some financial experts on Friday faulted the increase in the oil benchmark of the 2018 appropriation bill from 45 dollars to 51 dollars by the Senate.

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.

Some financial experts on Friday faulted the increase in the oil benchmark of the 2018 appropriation bill from 45 dollars to 51 dollars by...

Being the first project to be launched after the enactment of the Nigerian Oil & Gas Industry Content Development Act in 2010, the ongoing integration and work on the Egina project pushes the Nigerian local content on the project to the highest level and has set a benchmark for the Nigerian Oil & Gas Industry.

For instance, the Chairman, Committee on Financial Crimes, Mr. Kayode Oladele, said the fact of oil price gaining extra $ 20 did not justify retaining $ 42.5 as the benchmark price for the 2017 budget.

Ameh said that the action of the lawmakers was in line with the reality on ground, adding that the assembly had explained reasons for the increase, which related to oil benchmark and exchange rates.

West Texas Intermediate (WTI): The Benchmark of the U.S. Crude industry, WTI is a grade of crude oil, based on its Sulphur content, that is deliverable against the NYMEX, light, sweet crude futures contract.

Global energy investment fell for a second year in 2016 as oil and gas spending continues to drop IEA's annual investment benchmark shows spending on electricity sector for the first time exceeded combined spending on fossil fuels 11 July 2017

With the price of key oil benchmark Brent crude still hovering at around six - year lows of just under $ 50 per barrel, local law firms are seeing a reduction in work as projects are put on hold or suspended, with many saying they felt the deepest effects of the drop in oil prices during the summer.

Reuters NEW YORK Oil prices edged lower on Friday after hitting a three - year high the previous day, but the benchmarks remained on track for a fourth straight week of gains.