Sentences with phrase «crude oil firmed»

The price of a barrel of West Texas Intermediate crude oil firmed by around $ 2 to $ 54.60 this week.

Not exact matches

Potential U.S. sanctions on sales of light crude to Venezuela's oil company PDVSA would hamper its already weak refining network while leaving at least one tanker in limbo, according to a source from the state - run firm and Thomson Reuters data.

«When crude oil goes to $ 55 a barrel, I can take a 12 percent to 18 percent hit on my corrugated [boxes] and plastic packaging,» says the founder of the 15 - person firm.

Glencore and the banks lent Chad's state oil firm about $ 1.45 billion in 2014 to be repaid with crude oil cargoes but...

The Chinese firm's demand for May - loading crude will be lower than the previous month due to refinery maintenance and as one of China's largest oil ports, Huangdao, could be shut for days from early June to accommodate a government meeting, a second company source said.

Nigeria is working out new oil and gas policies to attract more private investors and boost crude production by 500,000 bpd by 2020, state firm NNPC said on Thursday.

The powers conveyed by Bill 12 are much broader than that: since these proposed licenses could be instituted such that they are only required by certain firms, the Minister could stipulate that a particular oil company was no longer able to export crude - by - rail (the method of export) to BC (the point of export), for example.

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.

Higher oil prices and China's state firms increasing spending are expected to lead to crude production recovery in the second half, according to the analyst.

The new calendar year has witnessed a sharp improve in revenue downgrades from oil and fuel firms, which have been strike by the cost of Brent crude a lot more than halving from its peak of $ 115 a barrel in June.

Oil prices firmed after the attack, with West Texas Intermediate crude rising to $ 51.94, up from $ 50 a week ago.

According to crude production figures provided by the oil firm, the country is losing about 3.12 million dollars in revenue each day the NAOC operated facility remains out of production.

The amount, according to court papers in Lagos, represents the shortfall of the money paid by the multinational oil firm in the account of the Nigerian government with Central Bank of Nigeria, for crude oil lifted in 2013 and 2014.

The Chamber of Petroleum Consumers (COPEC), says it will by close of day today [Monday], petition the office of the Special Prosecutor to investigate allegations of a shady crude oil transaction between the Bulk Oil Storage and Transportation (BOST) and an unlicensed private oil firm, BB Eneroil transaction between the Bulk Oil Storage and Transportation (BOST) and an unlicensed private oil firm, BB EnerOil Storage and Transportation (BOST) and an unlicensed private oil firm, BB Eneroil firm, BB Energy.

Last week, a firm of auditors revealed that out of the sum of $ 6.4 billion realised from the sale of crude oil and gas by the Federal Government in the first quarter of 2016 the NNPC remitted only $ 2 billion to the Federation Account and withheld the colossal sum of $ 4.2 billion.

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 breachedOil International Limited over a $ 3.3 billion pre-financing crude oil deal that may have breachedoil deal that may have breached...

But right now the crude oil bears remain in firm near - term chart control.

With that being said, smaller U.S. oil firms that aren \ «t integrated may offer direct exposure to the price of WTI crude although they are likely to be very volatile when compared to the overall energy industry.

«Looking out there, it seems like there's a huge amount of oil that can be produced at $ 60, $ 70 per barrel,» said Michael Lynch, president of consulting firm Strategic Energy and Economic Research, referring to the prices for Brent crude oil, a global reference point.

Host government: The government (including any government - controlled firm engaged in the production, refining, or marketing of crude oil or petroleum products) of the foreign country in which the crude oil is produced.

With the price of key oil benchmark Brent crude still hovering at around six - year lows of just under $ 50 per barrel, local law firms are seeing a reduction in work as projects are put on hold or suspended, with many saying they felt the deepest effects of the drop in oil prices during the summer.

But while Saudi Arabia — the world's second largest oil producer — continues pumping out oil to protect its market share in the face of swelling US crude output, what is the impact of reduced spending in the region for the legal market and how are local law firms faring compared to their international counterparts?

Daniel Gallivan, Cox & Palmer's chief executive officer, sees projects such as the proposed TransCanada Corp. pipeline, which would transport crude oil to refineries and export terminals in the east, as potential «game - changers» for law firms in the region.

In one instance, our firm secured a $ 250,000 settlement on behalf of a pipeline company client in a case where landowner negligence caused a crude oil pipeline to rupture.

This has called upon Devoe's suite of business skills, acquired over several years as senior counsel at synthetic crude oil producer Suncor, to leverage relationships with partner firms and extract the maximum value from the resources available to the team.