Sentences with phrase «benchmark oil price»

The energy market could have a new benchmark oil price when Dubai launches its Middle East sour crude futures contract as an alternative to New York's NYMEX light crude oil futures and London's IPE Brent crude oil.

Benchmark oil prices continued to hover around the same lofty level they had occupied for the previous few years — near or above $ 100 per barrel.

Constraints in existing pipelines, slow response by railroads to supply locomotives to move oil, and oilsands output increases from new projects conspired in the first quarter to prevent the price of Western Canadian Select heavy crude from keeping pace with improvements in New York benchmark oil prices.

With Shell's output up 2 percent at 3.8 million barrels of oil equivalent per day (boe / d) and Total's production rising 5 percent to 2.7 million boe / d in the quarter, both were well positioned to capture the price upswing in benchmark oil prices.

Likewise, a marginal bond selloff will push yields on 10 - year Treasurys to 2.57 % and U.S. benchmark oil prices will be $ 50.20 a barrel or barely changed.

On April 29, 2011, the US benchmark oil price (WTI) surged above $ 113 per barrel.

Although benchmark oil prices were lower in March, refinery sales jumped by 1.9 per cent as output returned to more normal levels at Canada's largest refinery in New Brunswick.

Energy market regulation and energy prices have come to the fore on a regular basis at G8 and G20 summits in connection with geopolitical crises (especially on gas) and benchmark oil price increases (the Brent market).

Enter the March contract, which the benchmark oil price flashing around the world now began to track.

The economist said that a benchmark oil price of 44.50 dollars per barrel of crude oil was close to the prevalent market rate of 47 dollars per barrel.