Sentences with phrase «crude oil over»

«And with the steep run - up in the price of crude oil over the past 12 months, we've seen a pretty significant increase in the amount of Middle Eastern money coming into the states.»

At least three well - funded ventures are poised to ramp up production of commercially viable quantities of algae - derived crude oil over the next couple of years.

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 transport bottlenecks have increased the discount buyers take for Canadian oil over U.S. light crude and Cenovus said its differentials averaged $ 24.28 per barrel in the first quarter, a 67 percent jump when compared with last year.

Oil prices have risen this month to their highest since late 2014, driven by concern over potential disruptions to Iranian crude flows.

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.

For one thing, the concerns over the decline in crude oil prices may be overdone, it said, adding that the economy is still resilient and Malaysia is likely to maintain a trade surplus as demand for imports is also softening along with exports.

With the widened spread in oil prices between Edmonton and tidewater, however, rival customers from Washington, California and Asia are now fighting over the cheaper Canadian crude.

Crude oil imports from Mexico have tumbled 25 % from September 2012, and Venezuela's over 22 %.

CNBC's Jackie DeAngelis reports fresh lows in crude over the weekend as concerns resurface that oversupply will continue to pressure oil prices.

CNBC's Jackie DeAngelis reports on the trading action in crude, as oil prices slide on global growth worries over demand.

This follows a stark warning from U.S. Secretary of State Rex Tillerson, who said at the start of February that sanctioning Venezuela's oil or prohibiting the crude to be sold in the U.S. was something the White House was continuing to mull over.

LONDON, May 3 - Libya's National Oil Corp is withholding Total's share of crude from the Waha concession as a dispute drags on over the French oil major's purchase of Marathon's stake in the concession two months ago, Libyan oil and industry sources saOil Corp is withholding Total's share of crude from the Waha concession as a dispute drags on over the French oil major's purchase of Marathon's stake in the concession two months ago, Libyan oil and industry sources saoil major's purchase of Marathon's stake in the concession two months ago, Libyan oil and industry sources saoil and industry sources said.

LONDON, May 3 (Reuters)- Libya's National Oil Corp (NOC) is withholding Total's share of crude from the Waha concession as a dispute drags on over the French oil major's purchase of Marathon's stake in the concession two months ago, Libyan oil and industry sources saOil Corp (NOC) is withholding Total's share of crude from the Waha concession as a dispute drags on over the French oil major's purchase of Marathon's stake in the concession two months ago, Libyan oil and industry sources saoil major's purchase of Marathon's stake in the concession two months ago, Libyan oil and industry sources saoil and industry sources said.

LONDON, May 3 - Oil prices slid lower on Thursday as swelling U.S. crude inventories and record weekly U.S. production offset concerns over OPEC supply cuts and the potential for new U.S. sanctions against Iran.

Crude oil futures are at just over $ 44 / barrel, after the International Energy Agency forecast prices would stay in the doldrums through 2020.

Energy East will serve as a link between Eastern Canadian refineries and the western crude oil market, where crude oil had been discounted significantly since mid-2010 until these price differentials converged rapidly over the last couple of months.

Following the announcement, crude oil immediately spiked 2.5 percent over uncertainty of how this might affect the Middle Eastern kingdom's position on keeping oil production at current levels.

The rollercoaster ride in oil prices over the past three years may be old hat to investors familiar with the commodity's historical sensitivity to macro events (see chart below), but oil price volatility is by no means endemic and several factors are now lining up to suggest a calmer period for crude may lie ahead.

Meanwhile, the August contract for crude plunged $ 4.40 to close at $ 52.53 (U.S.) a barrel Monday on the prospect of increased oil output from Iran and worries over Greece.

Prices of WTI crude oil, the benchmark grade for North America, have averaged $ 97.40 a barrel over the last year, 15 % higher than the five year average.

Before the recent string of production disruptions, which were caused by militant blockades on pipelines carrying crude from three fields to export terminals, Libya was pumping over 1 million barrels of oil daily, eyeing 1.2 million bpd in output by the end of the year.

The U.S. dollar clung to gains amid fading concerns over a global trade war, while oil soared on a reported decline in U.S. crude inventories and the possibility of supply disruptions.

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

Libya and its growing crude oil output became a major worry for OPEC in the last few months when attacks on fields and pipelines largely subsided, allowing the country holding Africa's biggest oil reserves to recover its production to over 1 million barrels.

Of course, supply and demand will have to balance out over time, and more Iranian crude will force a larger adjustment from U.S. shale, so U.S. oil production could see a deeper contraction.

Over the past five years the price of west Texas crude, the primary American benchmark for oil, has yo - yoed from US$ 60 a barrel to US$ 145 in 2008, all the way back down to US$ 30 during the recession, then up again to US$ 114, before settling this year around US$ 100.

ISHARES S&P / TSX CAPPED ENERG Ticker: XEG / TSX Oil companies will likely beat expectations when they announce earnings over the next two weeks based on the recent strength in crude prices and refining margins.

Also like the GSCI, it has heavy exposure to energy (over 70 %), and WTI crude and Brent crude oil in particular (almost 50 %).

Oil prices fell over 5 percent in early Asian trade and were still trading around $ 41.21 a barrel for benchmark Brent crude and $ 38.47 for U.S. WTI (West Texas Intermediate) in early European trade.

Certain pundits were unimpressed that GE was delving further into the drilling arena, given what has happened to crude oil prices over the last few months.

The bank recommends an overweight position, estimating that commodities will yield at least 10 percent over the next 12 months, with most of the gains being made by crude oil and aluminum.

Over the past several years we have seen a few amazing moves in futures positioning in a number of commodities, such as e.g. in crude oil, where the by far largest speculative long positions in history have been amassed.

Demand for OPEC crude in 2016 is estimated to stand at 31.7 mb / d, some 1.7 million barrels a day over last year, the oil producer group said.

Crude oil prices fell more than 2 % on Friday after Goldman Sachs cut its crude forecasts, citing global oversupply and concerns over the Chinese economy, and after Saudi Arabia dismissed the idea of an oil producer suCrude oil prices fell more than 2 % on Friday after Goldman Sachs cut its crude forecasts, citing global oversupply and concerns over the Chinese economy, and after Saudi Arabia dismissed the idea of an oil producer sucrude forecasts, citing global oversupply and concerns over the Chinese economy, and after Saudi Arabia dismissed the idea of an oil producer summit.

What many investors are unaware of, however, is that there are over a thousand types of crude oil.

Despite slumping prices, domestic crude oil output still increased by over 7 %, though that increase is off the pace of previous years.

A special feature in this year's Index of U.S. Energy Security Risk is a look at trends in security of world oil production that take into account the reliability and diversity of crude oil supplies over time.

Currently, the Gulf region imports over 5.5 million barrels per day of crude oil and related products at world prices.

He sold 44 percent of the stock around the lows of crude oil in 2009, and the rest over a period of time until 2013.

Obviously, over time, gasoline prices track world crude oil prices very closely — they just don't necessarily track local ones.

As such, it's not at all clear that the Province has the right to enact the powers it is attempting to here over refined products, although it clearly does have the broad power to restrict exports in the case of crude oil, synthetic crude oil, and bitumen and other resources.

Oil prices finish higher as IMF move threatens Venezuelan output Traders also weigh jump in U.S. crude supplies, risks to Iran dealAfter trading on a mixed note for much of Wednesday's session, oil prices settled decidedly higher, as the International Monetary Fund's threat to expel Venezuela reignited market concerns over the struggling nation's crude productiOil prices finish higher as IMF move threatens Venezuelan output Traders also weigh jump in U.S. crude supplies, risks to Iran dealAfter trading on a mixed note for much of Wednesday's session, oil prices settled decidedly higher, as the International Monetary Fund's threat to expel Venezuela reignited market concerns over the struggling nation's crude productioil prices settled decidedly higher, as the International Monetary Fund's threat to expel Venezuela reignited market concerns over the struggling nation's crude production.

Rising crude oil prices over the last two years will further aggravate the trade deficit as the currency is also depreciating, which will add to the import bill.

The weights of individual oil benchmarks are inferred over history from Statistics Canada's total crude oil production values using the same methodology described above.

While Gartman expects the crude crush was far from over, he does expect oil to bounce back to $ 46 in the short - term.

Conventional crude oil prices are now below $ 50 a barrel, and last week Royal Dutch Shell cited «uncertainties» over pipeline shipments in canceling a $ 2 billion oil - sands project.

The US Gulf Coast currently imports over 4 million barrels per day of crude oil, a number which is expected to decline but is unlikely to reach zero.

The sector actually hit a low point around mid-February, based on concerns for lower global growth as well as crude oil's slide below $ 30 a barrel, but has rallied significantly over the past month.

«He understands that crude oil, over the course of the next 20 to 40 years, is going to be a worthless commodity,» said Gartman.