Cars Down, Bikes Up
While high oil prices and an economic recession are hitting carmakers hard, bicycle makers are selling more than ever.
The introduction of the new tax system has complicated the inflation outlook,
while higher oil prices and the lower exchange rate have tended to push up inflation expectations.
Not exact matches
TORONTO — The Toronto stock market closed
higher as energy stocks advanced
while oil prices hit a 16 - month
high and traders took in a mixed batch of U.S. earnings.
While summer is meant to be the season where
oil prices hit their annual
highs, the
price of crude
oil has plunged recently.
The NOCs are being approached by lawyers and investment bankers not just from Calgary but from Houston and Melbourne too, seeking patient capital for long - timeline projects
while equity
prices for energy companies have been steadily sinking on stock markets despite the
high price of
oil.
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.
Oil prices eased from recent
highs with Brent crude futures off 94 cents at $ 73.70 a barrel,
while U.S. crude lost 67 cents to $ 67.43.
All the
while, the industry thrived financially under a combination of
high oil prices, low natural gas
prices (a major input cost), recession - induced relief from cost inflation and a reduced cost of capital as majors and foreign national
oil companies gobbled up wobbly juniors.
However, the Canadian dollar is expected to see minimal benefit from
higher oil prices: a U.S. Federal Reserve interest rate hike is likely in the first half of 2017, which would bolster the U.S. dollar,
while the Bank of Canada is expected to hold steady on rates.
While the re-balancing of global
oil markets is progressing, record -
high crude and gasoline inventories continue to put downward pressure on
prices.
«Of the other BRICS, commodity - driven countries like Russia and Brazil did not diversify their economies fast enough
while oil prices rode
high,» observes Lau.
Oil prices inched
higher with Brent crude futures up 3 cents to $ 73.38 a barrel,
while U.S. crude added 10 cent to $ 68.04.
While Basic Energy Service reemerged from bankruptcy at the end of last year with a more sustainable cost structure and improved balance sheet, it needs
higher oil prices to thrive, because those
prices will drive customer demand for its services.
Plunging
oil prices were a major market and economic shock in 2015 and early 2016, causing broad market volatility
while adding to the pain in emerging market (EM) and
high yield assets.
For a good
while, we've observed interest rates and
oil prices moving
higher, and investors have remained fairly oblivious.
While crude
oil prices might never get back to their past
highs, an upward turn could transform Transocean (NYSE: RIG), Dawson Geophysical (NASDAQ: DWSN), and Encana (NYSE: ECA) into profit - friendly investments to buy on sale.
At the same time, the U.S. 10 - year Treasury bond yield dipped from 2.43 % to 2.34 % week - over-week,
while WTI
oil prices jumped to a 2 1/2 - year
high near $ 56.
Depressed earnings at
oil companies should benefit from a rebound in crude
oil prices,
while slightly
higher interest rates can have a positive impact on bank earnings.
Incidentally,
while poking around at market
oil prices, I noticed that
while Western Canadian Select (WCS), which is dilbit, does sell at a substantial discount from WTI, upgraded dilbit is selling for a much
higher price.
While this is still below 2014 levels,
higher oil prices, improved European growth and some evidence of stabilizing inflation in Europe appear to have left investors less concerned about the prospect of deflation.
COVER STORY: INFRASTRUCTURE INVESTMENT SUSTAINS GROWTH By Gordon Platt
High oil prices are keeping government spending flowing strongly into major projects,
while debt - laden Dubai has taken a turn for the better.
Oil prices and the US Yields to dictate the pace this week While geopolitical tensions remain bubbling under the surface, rising oil prices and higher US yields suggest investors are likely to deal with increased volatility as a broad range of political,... Read m
Oil prices and the US Yields to dictate the pace this week
While geopolitical tensions remain bubbling under the surface, rising
oil prices and higher US yields suggest investors are likely to deal with increased volatility as a broad range of political,... Read m
oil prices and
higher US yields suggest investors are likely to deal with increased volatility as a broad range of political,... Read more
Nevertheless, US benchmarks were less volatile, as US shale
oil production continued to increase in response to
higher global
prices,
while US
oil exports reached record levels.
While the market continues to communicate concern over rising levels of shale production, this bullish inventory data coupled with a slightly softer USD profile, it's easy to see why
oil prices are finding fresh session
highs going into the NY close.
Oil prices and the US Yields to dictate the pace this week While geopolitical tensions remain bubbling under the surface, rising oil prices and higher US yields suggest investors are likely to deal with increased volatility as a broad range of political, economic and financial events unfolds US Core PCE, GDP price index, personal consumption data are
Oil prices and the US Yields to dictate the pace this week
While geopolitical tensions remain bubbling under the surface, rising
oil prices and higher US yields suggest investors are likely to deal with increased volatility as a broad range of political, economic and financial events unfolds US Core PCE, GDP price index, personal consumption data are
oil prices and
higher US yields suggest investors are likely to deal with increased volatility as a broad range of political, economic and financial events unfolds US Core PCE, GDP
price index, personal consumption data are...
Crude
oil futures in the June contract settled last Friday in New York at 67.33 a barrel
while currently trading at 68.35 up about a $ 1 for the trading week hitting a 3 1/2 year
high & in yesterdays trade
prices went up as
high as 69.55 before profit - taking ensued.
While oil fundamentals have softened, speculators maintain a strong belief in
higher prices.
So
while low and negative interest rates across the globe has inspired flows into stocks, emerging market bonds and corporate credit in search of
higher yields, keep in mind the
high correlations of these assets to
oil prices and the advantages of holding actual diversifiers in your portfolio to smooth the ride.
Higher oil prices are driving an incredible economic boom in Texas, with the unemployment rate dropping rapidly
while wages soar
While the inflation impact from
higher oil prices and commodity
prices in general, continue to pump up inflation expectation and push bond yields
higher, keep in mind that much of the recent spike in Yields is about as much about supply as it is about inflation.
At 9:10 a.m. ET on Wednesday,
oil prices traded
higher with U.S. crude hovering around $ 48.35,
while Brent stood around $ 50.52 per barrel.
Oil companies need
higher prices, a lot
higher, and they need to be sure that ANWR will be open long enough at a
high enough
price to make it worth their
while.
While the measure is unlikely to make it through the divided Congress to become law, Democrats hope to score politically with voters frustrated by a confluence of deep budget cuts in Washington, sky -
high prices at the gas pumps, and staggering profits on the
oil giants» bottom lines.
And
while U.S.
oil dependence remains
high, fuel
prices are climbing.
If
oil prices remain
high and governments make progress on their emissions goals, there's a possibility that the world has already hit peak
oil, and that the next few years will see its use plateau for a
while before dropping again.
On the other hand,
while sustained
high oil prices could provide climate change mitigation efforts a mild boost, the study concludes that such market developments would be no substitute for concerted global policy to limit climate change to below 2 °C above preindustrial levels.
So,
while priced higher compared to most flax
oil products, the quality is very
high.
As
high oil prices became a thing of the past, Holden decided to drop the 2.85 - six and 4.2 - litre V8, [55]
while the 1.9 - litre four - cylinder was limited to New Zealand.
While we have no idea where
oil prices will settle in the short run, it remains our view that
oil prices can not stay down at today's depressed
prices for too long, largely due to what we believe to be the relatively modest current level of excess capacity, our expectations of continued growth in demand over time, and the
high marginal costs for finding and developing new sources of supply.
The sukuk market demonstrated resilience despite the decline in
oil price and global uncertainty; the Dow Jones Sukuk Index, which tracks USD - denominated, investment - grade sukuk, rose 1.24 % in 2015,
while the Dow Jones Sukuk
High Quality Investment Grade Total Return Index gained 1.00 % in the same period.
Another area is energy:
higher oil prices usually mean
higher profits across the sector,
while declining
prices could mean declining profits.
So
while a further move
higher in
oil prices is possible and could boost the loonie in the near term, we also can't rule out the potential for renewed weakness in the Canadian dollar given the weight of these persistent challenges.
Albertans in particular have been hit the hardest with commodities,
oil and gas stocks collapsing to 2008 financial crisis levels, real estate
prices stagnating
while the rest of the country tests new all - time
highs, and now two impending tax increases thanks to those voting for change in the provincial and federal elections.
While Grizzly Salmon
Oil is
high quality, many customers are concerned with
price increases and reduced availability of their products.
After all,
while growing food near to where it is consumed may make sense from an ecological perspective, we can't ignore the sky -
high cost of real estate in New York, combined with the ridiculously low
price of
oil.
If I produced corn ethanol, and the
price of
oil went up, I'd charge a lot more for my ethanol to maximize profitability
while my competitor's
prices were
high, which, in a nutshell is why ethanol does little to protect consumers from
oil price spikes.
While there are significant differences in projected natural gas
prices across baselines, with persistently lower
prices in the
High Oil and Gas Resource case, the Clean Power plan itself does not significantly move natural gas
prices with the exception of an initial impact expected during the first 2 - 3 years after the start of implementation.
While OPEC countries have done their best to keep
oil prices high by cutting back on production, America's energy wealth and free markets have frustrated these efforts.
(11/15/07) «Ban the Bulb: Worldwide Shift from Incandescents to Compact Fluorescents Could Close 270 Coal - Fired Power Plants» (5/9/07) «Massive Diversion of U.S. Grain to Fuel Cars is Raising World Food
Prices» (3/21/07) «Distillery Demand for Grain to Fuel Cars Vastly Understated: World May Be Facing
Highest Grain
Prices in History» (1/4/07) «Santa Claus is Chinese OR Why China is Rising and the United States is Declining» (12/14/06) «Exploding U.S. Grain Demand for Automotive Fuel Threatens World Food Security and Political Stability» (11/3/06) «The Earth is Shrinking: Advancing Deserts and Rising Seas Squeezing Civilization» (11/15/06) «U.S. Population Reaches 300 Million, Heading for 400 Million: No Cause for Celebration» (10/4/06) «Supermarkets and Service Stations Now Competing for Grain» (7/13/06) «Let's Raise Gas Taxes and Lower Income Taxes» (5/12/06) «Wind Energy Demand Booming: Cost Dropping Below Conventional Sources Marks Key Milestone in U.S. Shift to Renewable Energy» (3/22/06) «Learning From China: Why the Western Economic Model Will not Work for the World» (3/9/05) «China Replacing the United States and World's Leading Consumer» (2/16/05)» Foreign Policy Damaging U.S. Economy» (10/27/04) «A Short Path to
Oil Independence» (10/13/04) «World Food Security Deteriorating: Food Crunch In 2005 Now Likely» (05/05/04) «World Food
Prices Rising: Decades of Environmental Neglect Shrinking Harvests in Key Countries» (04/28/04) «Saudis Have U.S. Over a Barrel: Shifting Terms of Trade Between Grain and
Oil» (4/14/04) «Europe Leading World Into Age of Wind Energy» (4/8/04) «China's Shrinking Grain Harvest: How Its Growing Grain Imports Will Affect World Food
Prices» (3/10/04) «U.S. Leading World Away From Cigarettes» (2/18/04) «Troubling New Flows of Environmental Refugees» (1/28/04) «Wakeup Call on the Food Front» (12/16/03) «Coal: U.S. Promotes
While Canada and Europe Move Beyond» (12/3/03) «World Facing Fourth Consecutive Grain Harvest Shortfall» (9/17/03) «Record Temperatures Shrinking World Grain Harvest» (8/27/03) «China Losing War with Advancing Deserts» (8/4/03) «Wind Power Set to Become World's Leading Energy Source» (6/25/03) «World Creating Food Bubble Economy Based on Unsustainable Use of Water» (3/13/03) «Global Temperature Near Record for 2002: Takes Toll in Deadly Heat Waves, Withered Harvests, & Melting Ice» (12/11/02) «Rising Temperatures & Falling Water Tables Raising Food
Prices» (8/21/02) «Water Deficits Growing in Many Countries» (8/6/02) «World Turning to Bicycle for Mobility and Exercise» (7/17/02) «New York: Garbage Capital of the World» (4/17/02) «Earth's Ice Melting Faster Than Projected» (3/12/02) «World's Rangelands Deteriorating Under Mounting Pressure» (2/5/02) «World Wind Generating Capacity Jumps 31 Percent in 2001» (1/8/02) «This Year May be Second Warmest on Record» (12/18/01) «World Grain Harvest Falling Short by 54 Million Tons: Water Shortages Contributing to Shortfall» (11/21/01) «Rising Sea Level Forcing Evacuation of Island Country» (11/15/01) «Worsening Water Shortages Threaten China's Food Security» (10/4/01) «Wind Power: The Missing Link in the Bush Energy Plan» (5/31/01) «Dust Bowl Threatening China's Future» (5/23/01) «Paving the Planet: Cars and Crops Competing for Land» (2/14/01) «Obesity Epidemic Threatens Health in Exercise - Deprived Societies» (12/19/00) «HIV Epidemic Restructuring Africa's Population» (10/31/00) «Fish Farming May Overtake Cattle Ranching As a Food Source» (10/3/00) «OPEC Has World Over a Barrel Again» (9/8/00) «Climate Change Has World Skating on Thin Ice» (8/29/00) «The Rise and Fall of the Global Climate Coalition» (7/25/00) «HIV Epidemic Undermining sub-Saharan Africa» (7/18/00) «Population Growth and Hydrological Poverty» (6/21/00) «U.S. Farmers Double Cropping Corn And Wind Energy» (6/7/00) «World Kicking the Cigarette Habit» (5/10/00) «Falling Water Tables in China» (5/2/00) Top of page
I've been following the Peak
Oil debate with a mildly sceptical eye for some time, and it struck me a while ago that despite high prices, global oil output hadn't grown much, but hadn't declined eith
Oil debate with a mildly sceptical eye for some time, and it struck me a
while ago that despite
high prices, global
oil output hadn't grown much, but hadn't declined eith
oil output hadn't grown much, but hadn't declined either.