Sentences with phrase «at lower oil prices»

Tight oil companies have made the case that through increased efficiency and lower service costs that their economics are better at lower oil prices today than they were at $ 90 per barrel prices a few years ago.

Refracture treatments («refracking») has the potential to become the secret weapon that allows shale oil producers to sustain and even grow oil production at low oil prices.

Not exact matches

The OPEC member that needs the «lowest» price of oil to balance this year's expenditure is Iran, at $ 52 a barrel, according to data by RBC Capital Markets.

«The idea that gasoline demand is actually rising suggests that perhaps the lower prices of crude are actually prompting a greater usage of this product (gasoline),» said Vyanne Lai, oil analyst at National Australia Bank.

Just how bad low oil prices are — if they're bad at all — kind of depends on your perspective, he says.

We have a different view on inflation, which we see below 2 percent even in 2018,» analysts at Bank of America Merrill Lynch said in a note on Wednesday, explaining that oil prices will keep headline inflation low.

Western Australia's only onshore oil producer has suspended production after being hit by the low oil price and the high cost of trucking its output to Wyndham rather than the much closer port at Broome.

«Particularly with oil prices hitting lows at some point in the first quarter... lots of sub investment - grade firms could be under a lot of stress, and for those with stronger balance sheets, those companies could take this as an opportunity to buy and acquire assets,» Deshpande said in a phone interview.

Reports that shale companies were posting juicy profits at very low oil prices has likely factored into heady projections for shale output.

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.

CNBC's Jackie DeAngelis reports oil prices are moving higher as natural gas trades at the low end of the range.

We may be enjoying amazingly low prices at the gas pump, but as oil prices continuing to slide we must also remember the catastrophic events that have followed almost every drastic oil price slump in the past.

Samuels said that while the state has among the largest budget reserves of any state, at a projected $ 10.4 billion by the middle of next year, continued low oil prices mean legislators will face some tough decisions when they return to Austin in January.

Even with oil prices still down by half from the peak, improvements in well development productivity have enabled US producers to make money at much lower oil prices.

Oil prices are at multiyear lows but some analysts see a buying opportunity.

The bank acknowledged that the Russian economy, which has been affected by international sanctions and lower oil prices, is recovering at a «heterogeneous» pace.

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.

«Lower oil prices are a serious spanner in the works for the Canadian economy,» said Douglas Porter, chief economist at BMO Capital Markets in Toronto.

Prices of both oil and gas are trading at more than seven - year lows.

Low oil prices are leaving many oil and gas companies with difficult debt loads, causing them to default at an extraordinary rate.

For instance, they expect Brent crude to peak at $ 82.50 per barrel in July and copper to peak at $ 8,000 per ton in December, but they have forecast lower prices for both oil and copper in 2019.

Analysts at JPMorgan Chase lowered their price forecast and urged clients to sell oil.

«We believe the bias for stock prices in general remains to the upside, underpinned by a growing economy, low interest rates and increasingly, cheaper oil... With operating margins at elevated levels, top line growth is poised to more quickly bleed through to the bottom line, thus supporting earnings.»

And cheaper gas at the pumps, courtesy of lower oil prices, will come as a form of fiscal stimulus for consumers in both the U.S. and Canada, leaving more money in their pockets to spend on other things.

Scoring a major asset at a time when oil prices had hit major lows has transformed Perth - based junior Kalrez Energy NL from a gold explorer to an oil and gas producer.

«Low oil prices have significantly reduced operator spending on exploration - particularly in deep water, which is very costly,» said Cindy Giglio, an analyst at IHS Markit.

But the playing field has changed significantly over the past two years, and U.S. producers are indeed able to make money at far lower oil prices than at the peak.

The facts are not right here, energy is cheap that means the cost of manufacturing and transporting of goods is low, food and consumers staples already more affordable, so what if a few American oil companies going out of business.the cost of producing oil in middle east is less than $ 10 / bl and we were paying more than $ 140 / bl for it, with that huge profit margin the big oil companies and oil producing nations became richer and the rest of us left behind, with the oil price this low the oil giants don't want to reduce the price at pump even a penny, because they are so greedy.worst case scenario is some CEOs bonuses might drop from $ 20 million to $ 15 millions I am sure they will survive.in terms of the stock market it always bounces back, after all it's just a casino like game.

Oil prices are at US$ 26.76, their lowest point since 2003.

Oil prices dropped more than 3 % but later recovered somewhat, with Brent crude futures 0.6 % lower at $ 125.2 while US crude was down 0.4 % at $ 113.46 a barrel.

Consider the oil market, for one, where prices are now treading at four - year lows.

At the same time, the low level of oil prices will continue to dampen growth in Canada and other energy - producing countries.

The 2014 - 2015 oil price collapse may be understood then as a supply surplus that occurred at a time of a strengthening U.S. economy (low economic uncertainty) and relatively low geopolitical risk (Figure 15).

The upper end of that projection — oil prices at US$ 60 — is below most of the current analyst forecasts, with expectations for the WTI price predominantly in the low US$ 50s, or below.

This means that new oil supply can come back on stream profitably — especially in US shale plays — at lower prices than before, perhaps putting a lid on further price increases.

Dubai's main stock market and Abu Dhabi's index have closed at their lowest points of the year amid mounting anxiety over plunging oil prices.

The International Energy Agency that previously warned of lower for longer oil prices and warned last year that the oil price recovery was threatened by the possibility of weak demand now has changed its tune and is now saying that it is «mission accomplished» for OPEC as oil stocks shrink at a record pace.

Let me give you a simple example — suppose the marginal barrel of oil globally is, in fact, an oil sands barrel, and so an increase in oil sands supply (i.e. more barrels available at a lower price) would increase world oil production and consumption.

While oil prices are currently at a six - and - a-half-year low, Kazakhstan is also feeling the pinch from the tumbling Russian ruble, which has reached its lowest point against the dollar in six months.

«We've seen reduced client activity (in oil), reduced hedging from the corporates as well as low prices at the start of last year and low volumes.»

Specifically, lower oil prices have resulted in marginally less activity at some of the domestic shale oil fields.

Oil - related revenue has dwindled since 2015 as a period of low prices reduced interest from producers and consumers in financial instruments that offer protection against price volatility, said Amrit Shahani, research director at Coalition.

«$ 50 a barrel is still a pretty critical number and that number is going to be even more critical as we move into next year,» Tortoise Capital Advisors» Thummel told Bloomberg, noting that the lower oil prices could mean that companies would not hedge production as much as they would at higher prices to protect future output.

CALGARY — Canadian Natural Resources Ltd. says it choked back heavy oil production by about 17,000 barrels per day in the first quarter to avoid selling at low prices it...

As Nobel economist (and one of my dissertation advisors at Stanford) Joe Stiglitz noted on Friday, a good part of the reason for rising oil prices is because the producers are already awash in U.S. assets, and to supply significantly more oil will just force them to accumulate more low - return assets.

Contango, a market situation in which the spot prices are lower than future prices, encourages traders to store crude oil and profit from selling it at prices higher than the spot market.

Second, the value of bitumen relative to the value of heavy oil was lower than expected, leading to a lower than expected royalty base on which the province was collecting royalties at lower than expected rates due to low WTI prices.

The Canadian economy continues to work its way back from the post-crisis global recession and the associated collapse in our exports while, at the same time, is adjusting to lower prices for oil and other commodities as well as a much lower exchange rate.

At this year's Asia - Pacific Petroleum Conference (APPEC) in Singapore last week, the mood was the most bullish since the 2015 APPEC annual gathering, with most executives polled by Bloomberg predicting oil prices at $ 50 - $ 60 next year, compared to last - year predictions that we'd be at the low end of the $ 40 - $ 60 banAt this year's Asia - Pacific Petroleum Conference (APPEC) in Singapore last week, the mood was the most bullish since the 2015 APPEC annual gathering, with most executives polled by Bloomberg predicting oil prices at $ 50 - $ 60 next year, compared to last - year predictions that we'd be at the low end of the $ 40 - $ 60 banat $ 50 - $ 60 next year, compared to last - year predictions that we'd be at the low end of the $ 40 - $ 60 banat the low end of the $ 40 - $ 60 band.

Saudi Arabia designed the low - price strategy aimed at making oil production too costly for competitors in North America and Russia, and has refused to make more significant output cuts unless other producers agree to do the same.