Sentences with phrase «because oil price»

U.S. dependence on the global oil market raises national security concerns because oil price volatility has an impact on the economy.

«But it is not sustainable because oil price could keep on going higher and the cost to the NNPC will increase.

That's because oil prices have stabilized, and also because traders appear to assume a stronger U.S. dollar means the Canadian currency should be stronger too.

But because oil prices have tanked so much and they're thought to be set on global markets — so not really under the Fed's control — recently they've been targeting the core PCE (sans energy and food prices).

«That is a big concern... Because oil prices don't generate crises; the abrupt and unexpected rise of oil prices creates crises.»

Santos says predator Harbour Energy will have to pay more than its original indicative proposal because oil prices have risen.

«The reform programme we are implementing is not because oil prices are below $ 45 per barrel today.

Yet the practice is widespread, in part because oil prices have been much higher in recent years and because it is hard to find new multimillion barrel reservoirs these days, especially in the picked over U.S. Denbury, based in Plano, Texas, controls more than 1,000 miles of CO2 pipelines and has published reserves of 17 trillion cubic feet of the greenhouse gas, used to pump more than 70,000 barrels of oil a day.

And does it make a difference based on how the USD is doing against other currencies (i.e., if it's only weakening against the Canadian dollar because oil prices shoot up, or if it's weakening against all currencies based on trade deficits)?

XLE (energy sector ETF) has been falling because oil prices have been weak.

The average price of unleaded is up 3p / litre in the last month alone, and the RAC predicts that because oil prices worldwide are rising, it could hit 126.5 p / litre next week - the highest average price since Oct 2014.

The chief strategist for Canada at BlackRock Inc., the world's largest money manager, doesn't see a single attractive sector in the local stock market because oil prices will stay low.

Not exact matches

«I would say take Egypt over Saudi Arabia because the Saudi economy is more vulnerable to oil prices.»

Andurand, who runs oil hedge fund Andurand Capital Management LLP, wrote in a string of tweets on Sunday that companies may be less willing to risk investment in long term oil projects because of low crude barrel prices and a predicted peak in electric vehicle demand.

The recession of 1973 - 1975 in the U.S. came about because of rocketing gas prices caused by OPEC's raising oil prices as well as embargoing oil exports to the U.S..

When the carrier's 2015 volumes fell because of external forces, such as collapsing oil prices, Reckmeyer saw an opportunity.

Say I'm running Esso right now, and I need to raise my price by 5 cents because the cost of crude oil went up.

With oil, which is traded internationally, prices collapsed (mainly) because the Saudis have flooded the market with supply in an attempt to retake lost market share from U.S. producers — whom also drilled too many successful wells.

The sector is further along the cyclical timeline than oil, because its own price fall happened five years ago instead of two.

It is a tough problem, because the twin forces of automation and globalization are only escalating and the industrial capacity killed off by the petroloonie is not coming back, even with the recent fall in oil prices.

If the Fed is indeed putting off raising short - term interest rates — perhaps because of an economic slowdown overseas, economic turmoil in Russia, or because of lower oil prices — then that's potentially good news for the stock market.

In fact, in the 10 years previous to the January 2011 cut - off of the graph, Canadian light oil sold (in Edmonton) at a $ 2 per barrel premium to the average cost of U.S. Saudi Light oil imports because of our access to premium - priced markets in the mid-continent.

«Don't just take a punt on the oil price, because the path of recovery is going to have its ups and downs.»

That's because the new pipelines will connect Alberta's oil to international markets, where they can command higher prices than in North America.

The ramifications of the dollar - denominated oil trade are immense: Because oil is priced in dollars, there is huge demand for dollars, lending the U.S. economic and strategic power.

Industrial goods manufactuer Precision Castparts saw its stock tank this year because of low oil prices, Fortune's Geoff Colvin reported.

And as the Bank of Canada noted in its policy statement, prices are higher in part because of supply disruptions, including the Alberta oil sands.

Oil service companies are getting hit because they are focusing their efforts on offshore drilling, an industry struggling due to low oil prices that can not justify conducting more typically lucrative deep - water drilling projecOil service companies are getting hit because they are focusing their efforts on offshore drilling, an industry struggling due to low oil prices that can not justify conducting more typically lucrative deep - water drilling projecoil prices that can not justify conducting more typically lucrative deep - water drilling projects.

But he said the company delayed because of the «oil crash,» when falling oil prices caused the stock markets to briefly tumble.

He added that because the U.S. was essentially a «free market» for oil; its production has risen and fallen with the oil price.

For most of oil's history, someone has tried to regulate supply to stabilize the price because neither industry nor governments enjoy volatility in a commodity that is the lifeblood of modern civilization.

All are struggling due to low oil prices — some directly because of lower revenues, and others because of deflationary pressure.

Thanks to a slowdown in China and other emerging markets, but also because of a sluggish U.S. economy and political risks in the Middle East, Madani thinks oil prices could fall to $ 75 a barrel next year.

«What we're seeing is a textbook implosion with regard to exploration and production capital spending domestically because the industry was leveraged to very high oil prices,» says Bill Herbert, a senior researcher at Houston oil and gas investment bank Simmons & Co..

Despite the gusher of U.S. shale oil production, Grantham believes that prices are likely to reset higher again — to a baseline above $ 100 — because, outside of shale, finding new oil is getting harder.

Lewenza thinks oil prices will bounce back, mostly because global demand growth will resume.

Crude - by - rail shipments are expected to ramp up in the second half of this year and into the first half of next year to «very material volumes of oil,» Pourbaix said, adding price discounts will improve but will likely remain higher than usual because rail costs more than pipeline transport.

Notley and Bilous have said the Trans Mountain expansion is critical because Alberta's crude oil sells at a sharp discount on the North American market due to pipeline bottlenecks and to a lack of access to a better price on overseas markets.

This year's Fortune 500 generated a total of $ 944.5 billion in earnings, which are down 12.6 % from last year's record of $ 1.08 trillion, in large part because tumbling oil prices took a toll on the majority of the companies on the list.

Canada still is coping with «material excess capacity» because of the collapse of oil prices.

Omar said Malaysia was suffering particularly because it was an emerging market at a time of capital outflows, it was a net exporter of oil and gas at a time of a significant drop in prices, and it was perceived to be badly affected by the Chinese slowdown as China was its largest trading partner.

Canada has posted some of its weakest economic growth outside of a recession over the past couple of years in part because business investment sunk along with the price of oil.

That is because U.S. shale companies have been somewhat protected from the full vagaries of oil price swings up until now.

First, because the crude oil prices we're talking about are futures for delivery in 30 days, and don't reflect what refineries are paying for their raw material today.

Earlier, it lowered its 2014 capital budget by $ 1 billion and delayed projects because of the falling oil prices.

In an interview, Kolko said property values in oil - rich markets often mirror drops in petroleum prices because energy companies lay workers off in downturns, and «fewer [local] jobs means weaker housing demand.»

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.

Because of the drama in Saudi Arabia and further extended production cuts planned by the Organization of Petroleum Exporting Countries (OPEC), Morgan Stanley just raised its forecast for the price of oil, estimating WTI to average $ 58 a barrel in the second quarter of 2018.

Expensive oil made sense only because of the longest period ever of high oil prices in real dollars from late 2010 until mid-2014.

GDP grew by 0.55 percent in the second quarter of the year, which, although a meager growth rate, was welcomed because it signaled Nigeria's exit from the recession that it plunged into due to the oil price crash.