Sentences with phrase «bbl oil»

At the moment (and perhaps always), these non-fossil transportation alternatives are also more expensive than gasoline from $ 100 / BBL oil.

Hagen, as soon as you approach being competitive with $ 100 / bbl oil and can produce in any reasonable quantity you'll get your legs kicked out from under you by oil price decline.

So any newcomers that are only marginally competitive (you) with $ 100 / bbl oil will get forced out of the market by say $ 30 / bbl oil which is still a profitable price for the producers.

As the Canadian market faces $ 50 / bbl oil, stakeholders in the project delivery chain recognize that business models and processes need to change to be competitive, reduce costs and protect investments.

Not exact matches

Oil prices were forecast to be about $ 95 / bbl plus inflation.

Costs back then were still low by today's standards, but the integrated mining operations were seeing operating costs of $ 12 - 18 / bbl and new projects needed $ U.S. oil prices of $ 20 - $ 30 to generate reasonable rates of return.

Coincidentally, the light oil price forecast of the day had also crept up, to U.S. $ 24 / bbl plus inflation, with oilsands production expected to reach 2.2 million barrels per day by 2015.

In fact, with oil prices increasing only with inflation from $ 18 / bbl in 2000, the NEB expected total oilsands production to reach 1.6 million barrels per day by 2015.

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 / bbl.

A May 2013 report from the Canadian Energy Research Institute estimated that new oil price break - even requirements would be, «$ 77.85 / bbl for SAGD projects; $ 103.16 / bbl for integrated mining and upgrading projects; and $ 99.49 / bbl for stand - alone mining projects.»

According to the U.S. Energy Information Administration, Norway produces 1,602,000 barrels of crude oil a day, and its refinery capacity is 319,000 bbl / day — about 20 per cent of crude oil production.

The comparable figures for Canada are 3,136,000 bbl / day of crude oil production and 1,918,000 bbl / day of refinery capacity — about 61 per cent of crude oil production.

But that's not to say that Norway doesn't sell refined oil products to the rest of the world; Statoil has built a 110,000 bbl / day refinery specifically to serve the export market.

In this case, oil prices would rise above US$ 100 / bbl again and the C$ would be above parity by the end of 2012 with the TSX energy, materials, and industrial sectors moving higher.

Other important assumptions not specified above are a $ 0.99 US / Cdn FX rate, a $ 4 / bbl diluent premium over light oil and a $ CDN 15 difference between the $ CDN - equivalent WTI price and WCS prices at Hardisty, both increasing with inflation, and transportation charges of $ 1 / bbl for diluent and $ 1.50 / bbl for dilbit to / from Hardisty.

The rout in oil had moderated by late morning in Europe, with crude recovering from an earlier low of $ 48.51 / bbl to $ 49.10.

Goldberg had just launched his BBL Commodities Value Fund the previous September, but he was hardly a newcomer to oil markets.

His strategy for BBL was to trade oil «across the barrel» — refined products as well as crude itself — and to stay focused on short - term opportunities while keeping one eye on the horizon.

Oil is currently trading at about US$ 45 / bbl, which in current dollars puts it below where it was at the end of 2008, back when global markets were still in the thick of the financial crisis.

Helms also said that oil sands production levels could dip below one million per day before the end of 2016, if prices stay below the $ 50 / bbl.

Oil volumes of 65,800 bbl / d were 2 percent higher than the most recent quarter and 69 percent higher vs. the same period a year ago, led by a 149 percent increase in the Delaware Basin over the past 12 months.

For the balance of 2018, WPX has 57,500 bbl / d of oil hedged at a weighted average price of $ 52.82 per barrel; 130,000 MMBtu / d of natural gas hedged at a weighted average price of $ 2.99 per MMBtu; and 12,100 bbl / d of NGL hedged.

Their premium over crude on refined products such as gasoline, jet fuel and fuel oil has averaged $ 24.60 / bbl over the last year.

For 2019, WPX has 34,000 bbl / d of oil hedged at a weighted average price of $ 52.30 per barrel and 50,000 MMBtu / d of natural gas hedged at a weighted average price of $ 2.88 per MMBtu.

July 2016 Oil and Gas Prices Global crude markets showed resilience in June when both Brent and WTI rallied to a 2016 high above $ 51 / bbl, due to continuing outages in Nigeria and Canada, as well as a 1.7 % decline in U.S. production.

Oil is «likely to trade to the downside of $ 45 / bbl as a no - cut is actually communicated, then will return toward $ 48.»

The company also said oil sands operations production has benefited from reliable operations at its Firebag and MacKay River plants, but base plant operations dealt with a significant, weather - related outage in January that will cut first quarter output to roughly 400,000 bbls / d.

American Petroleum Institute (API) crude oil inventory data Oil inventory build of 2.6 mln barrels Cushing draw of 319K barrels Gasoline -1.94 mln bbls Distillate -95 K bbls The survey expectations Continue Readoil inventory data Oil inventory build of 2.6 mln barrels Cushing draw of 319K barrels Gasoline -1.94 mln bbls Distillate -95 K bbls The survey expectations Continue ReadOil inventory build of 2.6 mln barrels Cushing draw of 319K barrels Gasoline -1.94 mln bbls Distillate -95 K bbls The survey expectations Continue Reading

In 2009, that relationship began to reverse, and through 2011 and 2012, light oil at Edmonton traded at massive discounts to similar crude streams on global markets — an average of $ 22.83 / bbl in fiscal year 2012 - 2013, as shown in the blue wedge at the top of the graphic below.

The diluent, usually natural gas liquids, was valued at a premium to light oil in 2012 - 2013 of $ 13.88 / bbl, compared to an average since 2005 of $ 4.96 / bbl.

However, crude oil inventories remain high, with current storage levels near 500 million bbl, which is approximately 9 million bbl ahead of last year.

As shown in the table below the API reported U.S. crude oil stocks decreased by 0.8 million barrels with Cushing inventories increased by about 1.4 million bbls on the week.

Gold, Silver, Copper, Crude Oil Down, Nat Gas Up $ GLD, $ SLV, $ JJC, $ USO, $ UNG Jul WTI Crude Oil ended -0.02 at 60.24 bbl.

Discovered in 2000, Kashagan's estimated reserves total 35 billion bbl of oil in place.»

The EOR project has the potential to add 2,000 bbl / day — 3,000 bbl / day of light oil production, which would throw off substantial cash flows and unlock over 25 million barrels of oil equivalent of in - place volumes with potential value of $ 177 million ($ 1.39 / fd share) versus a market cap of ~ $ 14 million today.

Company to review Canada LNG project after government decision Malaysian energy firm sticks to $ 30 / bbl 2016 price assumption Petroliam Nasional Bhd., Malaysia's state oil company, said profit dropped 96 percent Continue Reading

shale oil may be a bubble but countries like Libya Iraq Iran produce nothing compared to their potential / production capacity + there is always offshore exploration recently Morocco seems to be in the spot light not to mention the arctic sea / north pole especially Russia where a new Koweit is to be found and also south China sea Venezuela's tight oil if all the types of oil are included venezuela must be a heaven with a quarter of global oil reserves with +300 billion barrels more than 260 bbls of Saudi Arabia that can still produce more than 10/11 million barrel / day that it's procucing today.

Suncor's expected production capacity from Syncrude is 205,590 bbls / d capacity of sweet synthetic crude oil.

At this stage, we are of the view that the pipeline will be allowed to return to full operating pressure by the end of the second quarter of 2018, allowing additional heavy oil flows of up to 100,000 bbls / d to reach the U.S. Midwest market and the U.S. Gulf Coast market via TransCanada's affiliated Marketlink pipeline.»

In the first quarter of 2012, average domestic crude oil production topped 6 million barrels per day (bbl / day).

According to the U.S. Energy Information Administration, U.S. crude oil production averaged 7 million barrels per day (bbl / d) in December 2012 — the highest output since 1992.

BHP Billiton (BBL) This mining, oil, and gas company's condition has not changed much since the Review 6 months ago.

But I look at BBL like the oil supermajors where it's possible that conservative management can build lengthy dividend growth records, even with heavily fluctuating commodity prices.

Brent crude oil spot prices averaged $ 72 / bbl in April, a level that hasn't been seen since 2014.

I guess we'll see just how committed BBL is to growing the dividend after the drop of both oil and iron ore lately.

And BBL might be in an even better position than some of oil companies due to less major competition for some of the resources they mine for.

Since oil is currently trading much higher than $ 25.00 / barrel (as I write this we are about 48 USD / bbl), this contract obviously holds a lot of value because of the savings involved.

[For example: To decide — in true muppet fashion — that 10 mio bbls of prospective oil resources are worth up to a $ 1 billion... well, that's just like believing a lottery ticket's actually worth the jackpot two minutes after you bloody bought it!

And for those watching the price of crude oil, this is yet another reason why Brent crude should remain near $ 50 / bbl, for a few years.

189 mio bbls of Oil - Initially - In - Place (OIIP)-RRB-.