Sentences with phrase «as crude oil prices»

Bakersfield has been one of the hardest - hit regions in the state, as crude oil prices dipped two years ago, leading to layoffs at energy companies and throughout the region.

Yet, folks, even as crude oil prices have quintupled, the GDP of the U. S. has increased by around 30 %.

Exxon said its upstream, or exploration and production sector, suffered «significantly» during the market downturn as crude oil prices continue to starve companies of revenue.

The Houston Chronicle's Collin Eaton, reporting from the energy hub of the world, found that oil companies and equipment supplies cut an estimated 440,000 jobs worldwide over the last three years as crude oil prices dropped.

«Market fundamentals remain supportive, as crude oil prices are relatively rangebound, providing stability to customers as they evaluate projects,» said Baker Hughes Chief Executive Officer Lorenzo Simonelli in a statement.

Even Malaysia's national energy company, apparently, is pausing to heed the market signals as crude oil prices plunge.

Not exact matches

In addition to the underperformance from the energy sector after U.S. military strikes in the Mideast, big oil stocks like Exxon Mobil and Chevron, which have a longer history than the ETFs, as well as the price of crude oil, have also trailed the market.

Although the oil price and the dollar have moved in tandem for the last few weeks, the two generally tend to trade in the opposite direction, as a stronger dollar encourages non-U.S. investors to sell oil and crude - importing countries to curtail their purchases.

The energy market could have a new benchmark oil price when Dubai launches its Middle East sour crude futures contract as an alternative to New York's NYMEX light crude oil futures and London's IPE Brent crude oil.

Downstream companies make money on the difference between the price of crude and the price of the refined petroleum extracted from it (a difference known as the «crack spread»), while midstreaming is a volume business (ship more oil, earn more money).

For example, refining margins tend to expand when oil prices decline as the savings refiners reap from using cheaper crude to make gasoline and other products aren't immediately passed on to consumers at the pump.

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.

As crude prices began to plunge last year, many energy experts predicted a repeat of 1986 when U.S. oil companies lost their funding and the industry collapsed into a yearslong bust.

For one thing, the concerns over the decline in crude oil prices may be overdone, it said, adding that the economy is still resilient and Malaysia is likely to maintain a trade surplus as demand for imports is also softening along with exports.

SINGAPORE, April 23 (Reuters)- Oil prices dipped early on Monday as a rising U.S. rig count pointed to further increases in the country's output, underlining one of only a few factors holding back crude markets in an otherwise bullish environment.

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.

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.

Malaysia's shares and currency have been hit with a toxic brew of declines in the prices of its commodity exports, especially palm oil and crude oil, as well as what may be the country's worst - ever political scandal, which has spurred protests calling for the removal of the prime minister from power.

In early March, as rebels fought for control of the country's east coast ports, where much of the country's oil is refined or shipped abroad, the price of the American crude contract (West Texas Intermediate, or WTI) broke US$ 100 for the first time since 2008.

LONDON, May 3 - Oil prices edged higher on Thursday despite swelling U.S. crude inventories and record weekly U.S. production, as focus shifted back to OPEC supply cuts and the potential of new U.S. sanctions against Iran.

The price gap between North American crude and world prices is a new and unfamiliar dynamic in international oil markets, and represents a «double whammy discount» for Western Canadian producers, as Casey puts it.

Oil prices were higher in choppy trade on Wednesday, as a bigger - than - expected U.S. crude stock build pressured prices, but large draws of fuel stocks provided some support.

Oil prices came under pressure on Wednesday as weekly government data showed a larger - than - expected rise of 5 million barrels in U.S. crude stockpiles.

LAUNCESTON, Australia, April 30 (Reuters)- The term «demand destruction» is again entering the lexicon of the current crude oil market as the sharp rise in prices raises concerns about when do consumers start cutting back on their fuel consumption.

But after the bust comes the boom: Expect soaring crude prices later this decade as demand from fast - growing Asia collides with greatly diminished supply — a classic bust - boom cycle with which the oil industry was all too familiar 100 years ago but may have forgotten since.

World stock markets skidded further Wednesday as fresh declines in crude oil prices stoked fears for the health of the global economy.

As someone in their mid-50's, I am old enough to remember the start of oil - price gouging and the beginning of OPEC (Organization of Petroleum Exporting Countries) holding our energy consumption hostage by controlling the supply of crude and keeping prices high.

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.

HOUSTON, Jan 26 - Oil prices settled higher on Friday after hitting three - year highs, with crude also posting a weekly gain as a weaker U.S. dollar underpinned prices.

Even as the oil producers themselves could struggle with weak crude prices, both National Oilwell Varco and US Silica are set to win from the growth in production spending in the near term.

CNBC's Jackie DeAngelis reports on the rebound in oil prices as crude inches higher on signs of extended supply cuts.

When Sarah Palin was the governor of Alaska and North Slope crude oil was reaching its all - time record price of around $ 144 in July of 2008 — just as she was being named the GOP vice presidential nominee — the chant seemed like a no - brainer:

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

CNBC's Jackie DeAngelis reports on the turnaround in oil prices as crude flirts with $ 31 a barrel and OPEC calls for supply cuts.

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

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

CNBC's Jackie DeAngelis reports the moves in crude prices as Iraqi forces gain ground in oil - rich territories.

CNBC's Jackie DeAngelis reports on the trading action in crude, as oil prices slide on global growth worries over demand.

The oil market remains in what's known as contango — with the future price of crude trading at a higher level than today's spot price.

SINGAPORE, April 23 (Reuters)- Oil prices dipped on Monday as a rising U.S. rig count pointed to further increases in the country's output, underlining one of only a few factors holding back crude markets in an otherwise bullish environment.

CNBC's Jackie DeAngelis reports the latest trading action in oil as oversupply continues to plague crude prices.

Oil prices showed no sign of fading though, having added as much as 3 % on Wednesday after a third surprise weekly drop in U.S. crude stockpiles boosted the demand outlook in the world's largest oil consumOil prices showed no sign of fading though, having added as much as 3 % on Wednesday after a third surprise weekly drop in U.S. crude stockpiles boosted the demand outlook in the world's largest oil consumoil consumer.

Key commodities traded globally such as crude oil, gold, copper and softs like wheat are typically priced in dollars, with liquidity often favor the major exchanges in New York, London and Chicago as centers of trade.

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.

But Alberta heavy oil is sometimes fetching as little as half the world price due to the competition from U.S. - produced shale oil and a shortage of pipelines to get the crude to the coasts and other refining markets.

The energy sector fell 1.1 percent on the back of a more than 1 percent drop in crude oil prices as the dollar remained near a four - month high.

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.

LONDON, May 3 (Reuters)- Oil prices slipped on Thursday as swelling U.S. crude inventories and record weekly U.S. production clashed with OPEC supply cuts and the potential for new U.S. sanctions against Iran.

LONDON, May 3 - Oil prices slipped on Thursday as swelling U.S. crude inventories and record weekly U.S. production clashed with OPEC supply cuts and the potential for new U.S. sanctions against Iran.

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.