Sentences with phrase «back in its barrel»

There was some talk of laying the asphalt on top of the Pan American En - Tout - Cas, but track and field partisans screamed in pain, and the precious red stuff was dug up and put back in its barrels.

Once back in its barrel, it can simply be picked up and thrown away.

Not exact matches

CEO Rob Peabody said Husky cut back heavy oil production by about 5,000 barrels per day in the first quarter and substituted mainly blended bitumen bought from other Alberta oilsands companies to send to its U.S. refineries in Ohio and Wisconsin or to the refining complex on the U.S. Gulf Coast.

But unlike Calgary - based rival Cenovus Energy Inc., which temporarily throttled back oilsands output in the first quarter because of low prices, Husky says it is cutting output because it can make more money by buying «distressed» barrels from other producers.

He believes the price of oil will climb back to $ 65 (U.S.) a barrel in the short term and to $ 100 within the next five years.

As the lanterns went out, I laid back in my sleeping bag (sleep comes slowly when you can hear the wind barreling down the mountain) and I thought about how little I was personally bothered by the fact that we weren't going to reach our goal the next day.

In the oil markets, prices dropped back from $ 90 amid some profit - taking — benchmark oil for October delivery was down $ 1.03 to $ 89.18 per barrel in electronic trading on the New York Mercantile ExchangIn the oil markets, prices dropped back from $ 90 amid some profit - taking — benchmark oil for October delivery was down $ 1.03 to $ 89.18 per barrel in electronic trading on the New York Mercantile Exchangin electronic trading on the New York Mercantile Exchange.

Analysts at Bank of America Merrill Lynch, in a back - of - the - envelope calculation, speculate that, if it can make $ 1 a barrel on that flow, Glencore will earn $ 400 million over the five years --» a very compelling return on $ 323 million in equity.»

So it's paid off the installation of the initial vineyard, it's paid back all this debt and put some money in the bank, there are two vintages sitting in the wine barrels right now and all those costs have already been absorbed... that's a really good situation to be in.

Exxon, Royal Dutch Shell, Statoil, BP, and Chevron announced dismal earnings this week, missing expectations and showing how slashing spending and pulling back isn't yet enough in a world where oil has dropped from a high of $ 115 - per - barrel in 2014 to a low of $ 27 - per - barrel in January of this year.

«U.S. growth of 0.6 million barrels a day in 2017 beat all expectations, even with a moderate price response to the output deal as the shale industry bounced back — profiting from cost cuts, stepped up drilling activity and efficiency measures enforced during the downturn,» the group said.

Global banking giant J.P. Morgan has forecast an average price of $ 70 a barrel in 2018 on the back of global economic growth boosting the demand for energy.

Cuffs typically come in two flavors: Barrel cuffs, which feature a button closure, and French cuffs, which are folded back on themselves and held closed with cufflinks.

He estimated a US$ 10 improvement in the difference on Alberta's overall output of 3.2 million barrels per day of heavy oil would result in C$ 50 million a day spilling back into the provincial economy.

To get to the next low point on the chart you have to go back to 2001 and the dot - com crash, when you could have picked up a barrel for a little more than US$ 26 in today's dollars.

The roots of today's bourbon renaissance go back to 1984, when Elmer T. Lee, who manned the radar in a B - 29 bomber during World War II and later became the master distiller at the George T. Stagg Distillery — now called Buffalo Trace — created Blanton's, the world's first single - barrel bourbon.

On Monday, WTI closed at US$ 52.22 a barrel, up by 3 percent, while Brent crude settled at US$ 59.02 — its highest since July 2015 — on the back of growing optimism that the OPEC production cut deal is finally having a palpable effect on global supplies of crude oil, and the equally growing worry that the Middle East could be in for more tensions — this time between the Kurdish nation and the countries it inhabits, following an independence referendum in the Kurdistan autonomous region in Iraq.

The EIA reported yesterday refinery runs on the U.S. Gulf Coast last week rebounded to 8.15 million barrels per day, back in line with the five - year median.

Instead of cutting back production by several million barrels a day to support prices like they did in 2008 and 2009, the Saudis instead chose to protect their market share by slashing prices.

Armed with such results, Shell and Total are in payback mood to investors, buying back shares after diluting stakes with scrip dividends - consisting of shares rather than cash - introduced after the price crash which sent oil prices as low as $ 28 a barrel.

Over the past five years the price of west Texas crude, the primary American benchmark for oil, has yo - yoed from US$ 60 a barrel to US$ 145 in 2008, all the way back down to US$ 30 during the recession, then up again to US$ 114, before settling this year around US$ 100.

Hamm, who yesterday cleared a cool $ 3 billion in less than three hours off his shares in Continental Resources Inc. after the Organization of Petroleum Exporting Countries (OPEC) announced that it had finally agreed to cap its production at 32.5 million barrels per day, also serves as the CEO of Continental Resources, which is clearly a full - time gig when he's not busy raking in billions on the back of OPEC deals.

Brent crude is getting closer to the all - important (at least psychologically) threshold of $ 60 per barrel, and oil prices are back in bull market territory.

So, oil should be poised to resume its trend and we should put $ 70 a barrel back in play during the next 30 days.

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...

This is the same Mr. Rubin who predicted $ 200 oil back in 2006 right before oil plunged from $ 147 to $ 40 a barrel and subsequently predicted the demise of the industry right before the last run - up in prices.

The 104 - page OPEC report finds that there will be greater demand for the group's oil in 2016, with customers consuming an average of 31.65 million barrels a day throughout the year because the market will be «supply - driven» as competitors, beset by low prices, continue to cut back severely on capital expenditures ranging from exploration to new drilling.

So the sharp fall in oil prices has certainly been disruptive, but stabilization from distressed trough levels should be good for economic growth even if the price of oil doesn't rebound back to peak levels of above $ 100 a barrel in 2014.

«Back in May, when oil was at $ 129 per barrel and rising, billionaire investor Richard Rainwater did something as prescient as it was shocking: He sold off all the energy stocks he owned.

If there's a bright spot for the province, however, it's that the ongoing disruption of Alberta oil sands production — estimated by the Conference Board of Canada to be about 1.2 million barrels a day, comprising nearly $ 1 billion in economic activity — has contributed to a rally in global oil prices that could give producers, and therefore the Alberta economy, a badly - needed lift once production is finally back on - line (assuming, of course, the fires are eventually extinguished and oil sands operations escape serious damage).

* Market expects U.S. to re-impose sanctions against Iran * Plunging Venezuelan output further tightens markets * But soaring U.S. crude production holds back marketBy Henning GloysteinSINGAPORE, April 26 (Reuters)- Oil prices rose on Thursday, lifted by concerns over supply disruptions in Venezuela and theMiddle East as well as by strong demand.Brent crude oil futures were at 74.44 per barrel at0105 GMT, up 44 cents, or 0.6 percent, from their last close.U.S.

A pipeline stoppage in Turkey has cut off about 600,000 barrels a day of crude from Iraqi Kurdistan for the past two weeks, with reports suggesting the line may not be back until the middle of March.

In mid-winter, crude slumped below $ 30 a barrel for the first time in more than a decade, but was back above $ 40 by mid-April, and has been trading between $ 45 and $ 50 for most of the past two monthIn mid-winter, crude slumped below $ 30 a barrel for the first time in more than a decade, but was back above $ 40 by mid-April, and has been trading between $ 45 and $ 50 for most of the past two monthin more than a decade, but was back above $ 40 by mid-April, and has been trading between $ 45 and $ 50 for most of the past two months.

I hope the world takes this chance to recove and invests in renewbale energies because after this drop the decline rate of existing fields will take oil prices back to +100 $ / barrel after being conpensated by full production in the middle east and new offshore production combined with unconventionnal production.

Though a barrel of oil was valued at around $ 140 in 2008, and over $ 100 just two years ago, the thought of oil rising back to triple digits seems extraordinarily unlikely in the near future, according to economists.

The American Petroleum Institute reported another massive 5.121 million barrels drop in U.S. crude supply dragging stockpiles back to the lower end of the average range for this time of year.

Nigeria and Libya could bring hundreds of thousands of barrels of daily oil production back onto the market in the next few months, but there is yet one more downside risk to the market about which few people are talking.

Oil prices moved back up closer to $ 50 per barrel on the sudden surge in optimism surrounding an OPEC deal.

So we cut it off, put it back in the ground, and then the barrel that we ship to market is a much better quality barrel.»

The price of oil has fallen from around US$ 25 a barrel at the start of the year to around US$ 20 a barrel in April; this brings it roughly back to its level in the first half of 1996.

The pick - up in oil prices has been especially noteworthy, with the price of West Texas Intermediate crude oil rising to a new daily record of over US$ 57 per barrel in April, before falling back to around US$ 50 per barrel in early May (Graph 1).

The market was already moving upward on the back of this morning's EIA report, which reported a draw in crude oil inventories of 1.9 million barrels — the fourth draw in a week.

Such exports hit a peak of 874,260 barrels in total in July, before falling back to 346,921 in August... The re-exports have become a relief valve for both countries by reducing some congestion of supplies within the U.S. «We've got so much rail capacity now and pipe capacity is really starting to come on line, especially heading down to the U.S. Gulf,» said Martin King, analyst at FirstEnergy Capital Corp. «One way or another, the market's figured out a way to get Canadian crude to a country other than the U.S.» Tidal Energy Marketing Inc., a unit of Enbridge Inc., is one company that has shipped Canadian crude from the Gulf Coast, sending a cargo to Spain in May.

This factor took a back seat during the oil price rally in recent months, but with production growth of nearly 850,000 barrels per day since late in the summer, U.S. oil producers have demonstrated how aggressive they can be in a rising price environment.

Case in point: This week, West Texas Intermediate (WTI) retreated to $ 50 per barrel, putting it back in the red for the year.

Hmm, so you're telling me that a «heat shield» that was made of «special plastic» (as NASA called it back in the day), which was nothing but epoxy smeared over a ss honey comb «protected» the astros barreling into the upper atmosphere at hypersonic 5 miles / sec, or well over 30 times the velocity of a jumbo - jet and thru temperatures *** as quoted by NASA *** that are «10 times hotter than the surface of the sun», and then they «braked» with only a parachute to a safe splashdown?

The beer, which was aged in Elijah Craig 12 Year Whiskey barrels, moves from charred oak and chocolate notes to a hit of cinnamon and vanilla to a perfect level of heat on the back end (achieved with a mix of mulato, guajillo, ancho, arbol, and habanero chiles).

Back in her pub, all cigarette smoke and bottomless wooden boxes of barrel sake, her spicy fried Nozawana pickle winds up in bowls with teriyaki chicken and onsen tamago, stuffed into buns, or enjoyed on its own.

Lingeringly sweet and coffee dominated with a little barrel and a hint of vanilla creeping back in.

«Back in 2014, Brooklyn micro brewer KelSo Beer Co. borrowed six of our Jameson barrels to age their India Pale Ale,» said Patrick Caulfield, Senior Brand Manager, Jameson Irish Whiskey, Pernod Ricard USA.