Sentences with phrase «since high oil prices»

Since high oil prices are partly a response to normal market forces, the nation needs to focus on increased energy supplies and conservation.

Even if prices are expected to rise by the end of the year since high oil prices will no longer appear in the data, the number will be far from the «below but close to 2 %» target.

Not exact matches

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.

NEW YORK, April 24 - Oil prices were little changed on Tuesday after Brent hit its highest level since November 2014, supported by strong demand, OPEC - led production cuts, and the prospect of renewed U.S. sanctions on Iran.

SINGAPORE, April 24 - International oil prices hit their highest levels since late 2014 on Tuesday, pushed up by expectations of renewed U.S. sanctions against Iran and as OPEC continues withholding supplies amid strong demand.

For the full year, Exxon reported profits of $ 19.71 billion, its highest annual earnings since the start of an oil price slide in 2014, when it earned $ 32.52 billion.

Oil prices have recently hit their highest levels since the end of 2014.

Oil prices have risen this month to their highest since late 2014, driven by concern over potential disruptions to Iranian crude flows.

High - end residential property prices in Perth have weakened considerably since the iron ore construction boom ended and oil prices collapsed, although these two negative events are slowly slipping from the headlines and being replaced by positive changes.

Oil prices are near their highest since late 2014 thanks to strong demand and supply cuts by the Organization of the Petroleum Exporting Countries and other...

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.

Oil prices rose to their highest since December 2014.

For the first time since oil prices crashed, strong job growth has the Bank of Canada worried about inflation, meaning higher interest rates are coming

Oil prices are near their highest since late 2014 thanks to strong demand and supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and other producers including Russia.

LONDON, May 1 - BP's profits surged in the first three months of the year to their highest since mid-2014, driven by a recovery in oil and gas prices and rapid growth in production.

The benchmark price of U.S. crude oil last week hit US$ 68.64 per barrel, the highest since December 2014.

Now, global supply and demand has been better balanced and that «s pushing up the price of oil to the highest levels that we «ve seen since 2014, and that «s largely the culprit.

Oil - producing countries, meanwhile, are proving «remarkably successful in better aligning supply to demand, draining the crude oil glut and pushing oil prices to their highest levels since 2014,» DeHaan saOil - producing countries, meanwhile, are proving «remarkably successful in better aligning supply to demand, draining the crude oil glut and pushing oil prices to their highest levels since 2014,» DeHaan saoil glut and pushing oil prices to their highest levels since 2014,» DeHaan saoil prices to their highest levels since 2014,» DeHaan said.

Early into this year, analysts and investors were way more optimistic about the oil price recovery, but as global inventories continued to stay high and OPEC lost its market charm with the cuts and compliance, prices started dropping again, and WTI has traded mostly below US$ 50 — and frequently below US$ 45 — since early March.

The two leaders, who realized they stand to benefit more from cooperating in order to push prices higher, agreed to work together to help world oil markets clear a glut that had more than halved oil prices since 2014, pummeling Russian and Saudi government revenues.

Oil prices have fallen more than 15 percent since March 4 to a six - year low of $ 42.3, wiping out $ 7 billion of market value of high - yield debt issued by energy companies.

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.

However, since Canada's population is concentrated in markets that already fetch their oil at higher world prices, even if western Canadian producers were to access better prices for their products, that would be unlikely to have a meaningful effect on gasoline prices or other segments of our economy.

The president slammed the oil cartel for production cuts that spurred the highest oil prices since 2014.

Right now, the best evidence implies that U.S. production growth will exceed expectations, perhaps by a large amount since the lagged effects of higher crude oil price from November through January have yet to be felt.

By David Gaffen NEW YORK (Reuters)- Oil prices on Thursday hit highs not seen since 2014, built on the ongoing drawdowns in global supply and as Saudi Arabia looks to push prices higher, though U....

Santos chairman Keith Spence said the substantial rise in the oil price since US predator Harbour Energy made its indicative buyout overtures will need to be reflected with a higher proposal if it makes a firm and binding bid after due diligence is finished in the next two weeks.

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.

Oil prices on Thursday hit their highest since December, 2014, pushed up after U.S. crude inventories posted a 10th straight week of declines and as the dollar continued to weaken.

High oil prices and a weaker dollar have played some part by driving up production costs, but they can not come close to explaining why wholesale food prices have doubled since 2004.

Between 2000 and 2005 the oil price in real dollars doubled, and it doubled again by 2011 (even after plunging during the recession) and has remained high ever since.

Oil prices have recently stabilized, helping to boost commodity prices to their highest levels since December 2015, along with prospects for countries reliant on commodity exports.

The benchmark price of U.S. crude oil last week hit US$ 68.64 per barrel, the highest since December 2014.

The average price of unleaded is up 3p / litre in the last month alone, and the RAC predicts that because oil prices worldwide are rising, it could hit 126.5 p / litre next week - the highest average price since Oct 2014.

The obvious beneficiary of higher oil prices, ever since the 1970s, is of course the Middle East, particularly Saudi Arabia.

But since the price of oil is determined in the world market, this could not insulate the U.S. economy from high oil prices.

The gift that is American energy is seen in some key numbers: domestic crude oil production reaching more than 9 million barrels per day last month, the highest level in more than two decades, according to the U.S. Energy Information Administration (EIA); total U.S. net imports of energy as a share of energy consumption falling to their lowest level in nearly 30 years during the first six months of this year; gasoline prices dropping to an average of $ 2.47 per gallon last week, their lowest point since May 2009, according to the Lundberg Survey Inc..

Last month's rent growth was the highest since the 4.6 % of February 2015, just as the oil - price freefall was starting to affect the apartment market.