Sentences with phrase «average oil price»

Or it just might be that with lower average oil prices in hand and expectations that after expanding moderately over the coming quarters, the economy would pick up gradually — presumably in 2013.

In the latest quarter production was up over the same quarter a year ago and higher average oil prices more than offset the softer prices in the natural gas market.

That's largely due to the government increasing its projected average oil price from US$ 42 a barrel to US$ 45 a barrel, helping to boost resource revenues by $ 744 million.

Underlying the new TD forecast is an average oil price of price of $ 47 a barrel, compared to an assumption of $ 68 last December.

The forecast might assume, for example, that oil prices would increase in 2015 and 2016 or he might simply adopt the average oil price of the private sector economists consulting.

For this estimate, the RBI has assumed an average oil price of $ 68 per barrel.

The average oil price so far this year has been well above this price and is likely to remain so, therefore there is a good liklihood that for 2012 Russia's budget will come in balanced.

Also this years predicted budget deficit of 1.6 % of GDP has been worked out on an average oil price of $ 100.50.

«These savings — 3 billion tonnes of oil equivalent — have a value of $ 6 trillion if an average oil price of $ 27 is assumed.

In 2012, the U.S. gave away 120.8 million barrels of oil, based on Office of Natural Resources Revenue data, worth more than $ 10.44 billion if costed at the average oil price for that year.