Sentences with phrase «at oil prices»

Look at oil prices production was held low by OPEC and our environmental policies forcing an artificially high price for years.

In a Wall Street Journal Heard on the Street column, Liam Denning writes «that surveying 37 large oil companies, Citigroup estimates as much as 40 percent of the current investment cycle — about $ 1.4 trillion — may have gone into or be going into projects that struggle to generate acceptable returns at oil prices below $ 75 a barrel.»

At oil prices of $ 100 per barrel, about $ 1 billion leaves our economy every day to pay for petroleum imports.

At the beginning of June, Russia's Economy Minister Maxim Oreshkin said that Russia was «actually ready to live forever at oil prices $ 40 or below,» as oil at US$ 40 is the current underlying key assumption of Russia's economic policies.

CNBC's Jackie DeAngelis takes a look at oil prices as markets react to the possibility of the U.S. oil export ban being lifted.

CNBC's Jackie DeAngelis looks at oil prices after a report from Interfax saying that the Saudis and the Russians have reached a consensus on a production freeze.

High demand for diesel and home heating fuel in particular means refineries are willing to pay more for crude oil, said Tom Kloza, global head of energy analysis at Oil Price Information Service.

I think we might see about half of the states get to $ 3,» said Tom Kloza, global energy analyst at Oil Price Information Service.

That forecast is quite impressive, since many rivals can't break even yet at that oil price.

Efficiency improvements in recent years might mean the supply can be added at an oil price of US$ 60 per barrel and that the price doesn't need to go higher.

Brian Reynolds, the chief market strategist at New Albion Partners, was one of the many concerned — until he took a closer look at the oil price action.

Ben Brockwell, Director of Data, Pricing & Information is at Oil Price Information Service (OPIS) comprehensive sources for petroleum pricing.

«When you look at the oil price [over the past decade], the trend is almost entirely explained by the geological view,» said Michael Kumhof, one of the authors, when I interviewed him earlier this year.

Ensco ends up replacing Bronco; it's time to move from the land to the sea in drilling, at these oil price levels.

Kloza, head of energy analysis at the Oil Price Information Service, says the scenario means higher prices at the pump for U.S. consumers, forecasting a 50 - 50 chance that the nationwide average price for unleaded gasoline will exceed $ 3 / gallon this summer.

Bioethanol from corn in the United States is, by comparison, competitive at an oil price of US$ 55 per barrel, and bioethanol in the European Union requires an oil price of US$ 75 to $ 100 per barrel to be competitive (Worldwatch Institute, 2007).

For example, at an oil price of around $ 150 per barrel in 2020 and gas price of around 120 pence per therm, climate change and energy policies would have the effect of reducing bills in 2020 by around 5 % compared to a bill excluding these policies.»

Not exact matches

At the same time the sudden decline in oil prices caused a slowdown in fracking activity.

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.

«If you had a strong track record of finding and developing oil and gas at the right price, you could always raise capital,» Grad says.

The recent rise in oil prices fueled expectations the Federal Reserve could flag more interest rate hikes at its policy meeting this week.

Either of these meant that, relative to world prices, Canadian oil was trading at a significant discount in Alberta.

Against three - digit world oil prices, these costs may seem competitive, but a look at some historical figures reveals why investors may remain nervous about oilsands cost inflation.

«If Trump abandons the deal, he risks a spike in global oil prices,» said Ole Hansen, head of commodity strategy at Saxo Bank, adding that re-introducing U.S. sanctions could remove 300,000 - 500,000 bpd of Iranian oil from global supplies.

Steven Cook, senior fellow for Middle East and Africa Studies at the Council on Foreign Relations, said higher oil prices lessen all the worries from 2015 and 2016 about the Saudi government's ability to maintain its commitments, but the consolidation of power in the hands of the Crown Prince also is significant for the market and investors as his reform program is widely regarded as critical for Saudi Arabia's future prosperity.

Nearly as surprising was the willingness of Russia and private oil companies in North America to carry on at prices that were understood to be well below their break - even points.

At its peak, in the spring of 2012, light oil at Edmonton was trading at a discount of almost $ CDN 40 per barrel to Brent prices, and at a discount of almost $ CDN 20 / barrel to U.S. mid-continent priceAt its peak, in the spring of 2012, light oil at Edmonton was trading at a discount of almost $ CDN 40 per barrel to Brent prices, and at a discount of almost $ CDN 20 / barrel to U.S. mid-continent priceat Edmonton was trading at a discount of almost $ CDN 40 per barrel to Brent prices, and at a discount of almost $ CDN 20 / barrel to U.S. mid-continent priceat a discount of almost $ CDN 40 per barrel to Brent prices, and at a discount of almost $ CDN 20 / barrel to U.S. mid-continent priceat a discount of almost $ CDN 20 / barrel to U.S. mid-continent prices.

Wages barely are keeping up with inflation, and oil prices have settled at a level that is unlikely to generate the kind of economic activity to which we had become accustomed before the 2014 - 15 crash.

It comes as little surprise then that Saudi Arabia and Iran — apart from the tense regional archrivalry — are reportedly at odds over where to go next with the OPEC deal, and how high an oil price the cartel should target.

The long - awaited international listing of Saudi Aramco is likely to be delayed, but the wait makes sense as oil prices are tipped to touch $ 80 per barrel, said Fadi Arbid, founding partner and chief investment officer at Amwal Capital Partners.

NEW YORK, May 1 - The dollar broke into positive territory for the year and U.S. bond yields inched higher again on Tuesday as the recent rise in oil prices fueled expectations the Federal Reserve could flag more interest rate hikes at its policy meeting this week.

If you want to know what the break - even price for new oilsands projects is (at least for the marginal project), look at the forecast of future oil prices.

At that time, it seemed new oilsands plants would generate a reasonable return on invested capital as long as oil prices remained at around U.S. $ 18 / bbAt that time, it seemed new oilsands plants would generate a reasonable return on invested capital as long as oil prices remained at around U.S. $ 18 / bbat around U.S. $ 18 / bbl.

In October of 2011, the price of WTI at Cushing, OK was discounted by almost $ US25 per barrel compared to similar oil grades on the U.S. Gulf Coast, only 600 miles away.

He's worked at AIMCo since 1998, the year oil prices plunged to US$ 10 a barrel.

«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.

At a press conference later, Poloz dismissed a spate of disappointing economic indicators, and he shrugged off a question about the slide of oil prices to below $ 38 (US) per barrel.

Shell's Chief Executive Officer Ben van Beurden said the oil sector had yet to emerge from troubled waters, but huge cost savings meant oil majors were getting closer to balancing their operations at today's oil prices of around $ 50 a barrel.

But Waghorn says Hess's wide range of oil reserves, including fields in Guyana, will help diversify its revenue sources in case prices stall at current levels.

The TSX got some lift from the energy sector with oil prices at a 15 - month high.

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.

Oil prices were steady on Thursday following a larger - than - expected increase in U.S. crude inventories: U.S. crude futures were higher by 0.04 percent at $ 67.96 per barrel and Brent crude futures for July delivery were flat at $ 73.36.

«Clearly we look at the price of oil,» Simonelli from BHGE told CNBC, «At the same time, it's only one of the data points we look aat the price of oil,» Simonelli from BHGE told CNBC, «At the same time, it's only one of the data points we look aAt the same time, it's only one of the data points we look atat.

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.

«Upward pressure on prices was weak in December, but we can expect price declines to narrow as the yen has weakened and this will eventually push up oil and gasoline prices,» said Shuji Tonouchi, senior fixed income strategist at Mitsubishi UFJ Morgan Stanley Securities.

«Oil reacted very severely» to Netanyahu's announcement, said Phil Flynn, analyst at Price Futures Group in Chicago.

Chief Executive Bob Dudley is in line for a $ 19.6 million compensation package for 2015, a year in which shrinking profit margins triggered by sharp falls in the price of oil led to more than 5,000 job losses at the oil and gas company.

Oil's price also has been firming as Houthi rebels in Yemen have increased a campaign of firing missiles into Saudi Arabia, both at oil facilities and civilian areas, but those efforts have so far failOil's price also has been firming as Houthi rebels in Yemen have increased a campaign of firing missiles into Saudi Arabia, both at oil facilities and civilian areas, but those efforts have so far failoil facilities and civilian areas, but those efforts have so far failed.

If the oil traders are right, they can make money by buying oil at today's spot price, selling a futures contract for delivery at the higher price expected in the future and storing the oil in the meantime.