Sentences with phrase «crude oil deal»

Senate Committee on Local Content has summoned a British firm, BP Oil International Limited over a $ 3.3 billion pre-financing crude oil deal that may have breached...

Not exact matches

The price of oil has risen to its highest since late 2014 this month, driven by concern over the potential for disruption to Iranian crude flows, but analysts say the degree of uncertainty hanging over the deal means the market is extremely sensitive to any developments.

The deal, when announced last autumn, was predicated on a recovery in the oil price to $ 60 per barrel by 2019, an increase that now seems less likely with a glut of crude still circling the globe and keeping prices below $ 50.

However, the current deal between allied major oil producers could soon be at risk amid heightened tensions over an escalating proxy war between two of OPEC's top three crude producers, Shah said.

Railways, who added crude by rail capacity earlier this decade only to have the market vanish as pipeline space opened up, have been slow to move back in the oil transport business, asking producers to sign longer - term deals.

The producers will review the deal at the next OPEC meeting in June to assess how it is impacting oil prices and global global crude stockpiles.

Oil prices were trading in the red in late European deals Friday, with Brent at $ 52.77 per barrel, while U.S. crude hovered at $ 47.10.

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 cash - and - stock deal marries operations that are broadly complementary in terms of geography as well as giving Marathon extra capacity in the U.S. light crude produced by a booming shale oil sector.

Oil prices, which have recently received some support from reports about discussions of another possible extension of the OPEC production cut deal, remained stable following the release of the EIA report, with WTI trading at US$ 48.75 a barrel and Brent crude at US$ 54.62 a barrel.

Crude oil prices were fading before Israeli Prime Minister Benjamin Netanyahu announced he was going to share «significant development» on the Iranian nuclear deal.

Oil prices are soaring on the OPEC deal news, and as of 10:50 AM (EST), WTI Crude was surging 7.21 percent at US$ 48.49, and Brent Crude was soaring by 7.65 percent at US$ 50.94, staying above the US$ 50 mark for a couple of hours now.

There were two principal drivers behind oil prices» performance: the 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.

OPEC's surprise deal means that oil watchers are going to have to go back to the drawing board and substantially revise up their forecasts for crude prices in 2017.

The Fuel Quality Directive has attracted a great deal of attention here in Canada because it would assign a higher emissions rating to Alberta oilsands than to other sources of crude oil, and I have -LSB-...]

The OPEC deal seems to finally be bearing fruit in the form of a sharp decline in global crude oil inventories.

A number of oil exporting countries have suggested a six - month extension to the oil supply cut deal agreed by OPEC countries and non-OPEC crude producers, Iraqi oil minister Jabar al - Luaibi Continue Reading

But a majority of Americans, Republican lawmakers and construction union members welcomed the prospect of boosting reliance on a firm U.S. ally for new supplies of the heavy crude, which would be shipped by a pipeline built largely in this country and processed at Gulf Coast refineries uniquely capable of dealing with the low - grade oil.

Crude oil prices jumped a percent today on comments from Saudi Arabia's Energy Minister Khalid al - Falih, who said he expected the OPEC + production cut deal would be extended into next Continue Reading

This figure is a good deal higher than the 1.7 per cent for the latest year - ended rise in the CPI, but the pick - up includes the effect of dropping out the impact of the health insurance rebate, which reduced the CPI in the March quarter 1999, some further effects from past movements in crude oil prices, and an increase in tobacco taxes in the December quarter.

OPEC and Russia are already achieving what they intended to achieve with the deal — a decline in crude oil inventory levels around the globe, the minister said.

The crude oil production cut deal that OPEC, Russia, and several other producers agreed to late last year could get yet another extension.

Russian Pres. Vladimir Putin has announced that China have secured a deal with Rosneft to be for a figure believed to be in the region of $ 60 billion, ensuring that China have a healthy supply of crude oil.

If Trump does scrap the deal, it could lead to the re-imposition of secondary sanctions on Iran, pressuring countries to cut their purchases of Iranian crude, denting global supplies, pushing oil prices higher.

«The Presidency has also failed to offer explanations on the alleged involvement of its officials in various sneaky oil subsidy deals as well as reported diversion of N1.1 trillion worth of crude last year to service APC interests.

«Likewise the supply of weapons to the militants in the Niger Delta through the exchange of stolen crude oil and supply by politicians to deal with their opponents,» he said.

Three weeks later, it announced that it had been selected by the Department of Environmental Conservation to deal with «emergencies caused by crude oil trains.»

Albany County hasn't had a major oil train disaster, but County Executive Dan McCoy, erring on the side of «safe, not sorry» called a community «Crude Oil Transportation Summit» to brainstorm and compare notes with officials who have had to deal with such calamitioil train disaster, but County Executive Dan McCoy, erring on the side of «safe, not sorry» called a community «Crude Oil Transportation Summit» to brainstorm and compare notes with officials who have had to deal with such calamitiOil Transportation Summit» to brainstorm and compare notes with officials who have had to deal with such calamities.

While the world waits to see if a «top kill» operation can seal off the devastating Deepwater Horizon oil leak in the Gulf, the staggering proposition of dealing with the more than 11 million gallons of crude spilled to date remains.

Jessop says that his approach is more useful for dealing with opaque emulsions, such as those created by crude oil spills, where light can't penetrate very deeply.

May 8, 2018 • Crude oil prices have been rising for months and could climb higher now that the United States is pulling out of the Iran nuclear deal.

Dealing in crude oil, gold, or Swiss Francs is a cumbersome approach to diversification.

A new deal between OPEC, Russia and other big oil producers to limit output through the end of 2018 should help support current crude prices.

In response to the announced budget deal that would lift the crude oil export ban, Stephen Kretzmann, Executive Director of Oil Change International, released the following statemeoil export ban, Stephen Kretzmann, Executive Director of Oil Change International, released the following statemeOil Change International, released the following statement:

(1) No False Choices: To Preserve a Livable Climate, We Need to Slash Both CO2 and Methane ASAP; (2) Oil Change International Report: Fossil Fuel Production Subsidies Exceed $ 21 Billion Annually in United States, have increased by 45 % under Obama's «All of the Above» energy policy; (3) Joint Economic Committee Hearing on «The Economic Impact of Increased Natural Gas Production» (video); (4) Leaked Trade Deal Document Shows EU Pressuring U.S. to Lift Crude Oil Export Ban; (5) Deep Decarbonization Pathways Project (DDPP) Presents Interim Report to UN Secretary - General Ban Ki - Moon.

Leaked Trade Deal Document Shows EU Pressuring U.S. to Lift Crude Oil Export Ban (Justin Mikulka, DeSmogBlog)

The NAS study deals a blow to one central safety argument made by opponents of the $ 5.3 billion Keystone XL link — that the heavier chemical components of so - called diluted bitumen make it more dangerous to ship — but made no attempt to address critics» second and more prominent concern, that a leak of oil sands crude would pose unique challenges during cleanup as well as unique risks to marine environments.

This is particularly true in light of the recent and largely unforeseen, collapse in the price of crude oil, which has had a massive impact in a largely oil - dependent country like Nigeria, such that clients are now focusing a great deal on insolvency, restructuring, prepayment facilities, derivatives and hedging instruments and issues.

Kinder Morgan told Justin Trudeau to deal with the B.C. government's opposition to the project before May 31, or else the planned twinning of the existing pipeline that delivers refined petroleum and crude oil from Edmonton to B.C. will not be funded.

Reuters MOSCOW Russia should start exiting a global deal to cut oil output if crude prices remain at $ 70 per barrel for more than six months, Lukoil chief executive Vagit Alekperov said on Friday as he unveiled a $ 2 - 3..