Sentences with phrase «crude oil price over»

With the decline of the Brent crude oil price over the past year, one of the most common questions I have been receiving is how to play this development.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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

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

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

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.

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 West Texas Intermediate crude oil price has tended to increase over recent months, to be around US$ 38 per barrel, compared with around US$ 32 in late 2003 (Graph 12).

When the year began, many investors anticipated strong earnings growth mostly coming from the energy sector, and many oil analysts had targeted crude prices in the upper US$ 50s to low US$ 60 / barrel range over the course of 2017.

* Market expects U.S. to re-impose sanctions against Iran * Plunging Venezuelan output further tightens markets * But soaring U.S. crude production holds back marketBy Henning GloysteinSINGAPORE, April 26 (Reuters)- Oil prices rose on Thursday, lifted by concerns over supply disruptions in Venezuela and theMiddle East as well as by strong demand.Brent crude oil futures were at 74.44 per barrel at0105 GMT, up 44 cents, or 0.6 percent, from their last close.UOil prices rose on Thursday, lifted by concerns over supply disruptions in Venezuela and theMiddle East as well as by strong demand.Brent crude oil futures were at 74.44 per barrel at0105 GMT, up 44 cents, or 0.6 percent, from their last close.Uoil futures were at 74.44 per barrel at0105 GMT, up 44 cents, or 0.6 percent, from their last close.U.S.

As of 2:17 pm EDT on Thursday, WTI Crude was up 0.73 percent at US$ 49.43, while Brent Crude was trading up 0.82 percent at US$ 52.64, after earlier in the day the price of oil was down as investors» enthusiasm waned over yesterday's Energy Information Administration (EIA) draw.

Based on past relationships, and assuming crude oil prices remain around the October average level, this increase in crude oil prices would directly increase the CPI by a little over 0.6 per cent.

Genscape oil analyst Carl Evans said that, even with crude prices below $ 50 (U.S.) a barrel over the past two years, heavy bitumen production in Canada's oil sands region has continued to grow.

The yield on the US 10 - year note rose six basis points to 2.30 % on the week while the price of West Texas Intermediate crude oil rose over $ 3 a barrel to $ 49.65.

The Houston Chronicle's Collin Eaton, reporting from the energy hub of the world, found that oil companies and equipment supplies cut an estimated 440,000 jobs worldwide over the last three years as crude oil prices dropped.

Crude oil prices edged up on Friday boosted by stronger than expected U.S. economic data though the longer - term outlook for energy markets remains weak due to a global oil supply glut and uncertainty over economic growth prospects in Asia.

Strong demand for crude oil and the entire energy sector continues to push prices higher as I still think we will trade above the $ 70 level in the weeks ahead as global supplies have dwindled over the last year due to the fact that worldwide economies are improving which is a terrific thing to see in my opinion.

The pick - up in oil prices has been especially noteworthy, with the price of West Texas Intermediate crude oil rising to a new daily record of over US$ 57 per barrel in April, before falling back to around US$ 50 per barrel in early May (Graph 1).

The fact is they have potential but they are not light crude they have to be pressed out of the earth through a fracturing process that up until the price of oil went over 75 $ a barrel was deemed too expensive by the oil companies to go after.

He lamented over what he regarded as era of extinction of crude oil in the world, saying the sharp drop in the global prices of crude oil was a signal to the fact that government at all levels need to shift face to agriculture.

As an example, airlines are well known to protect themselves against significant rises in crude oil prices, by buying a futures contract today with a specified price and delivery date in the future, on the assumption that oil prices will be on the rise over the period in question.

When the year began, many investors anticipated strong earnings growth mostly coming from the energy sector, and many oil analysts had targeted crude prices in the upper US$ 50s to low US$ 60 / barrel range over the course of 2017.

Commodity swaps involve the exchange of a floating commodity price, such as the Brent Crude oil spot price, for a set price over an agreed - upon period.

Front - month West Texas Intermediate crude oil futures were priced at over $ 100 per barrel in June 2014 and had plunged to less than $ 35 per barrel by March 2016.

Oil prices have staged a solid rally over the past year, with WTI crude moving from around $ 50 / barrel a year ago to close to $ 70 / barrel currently — a roughly 40 % gain.

Crude oil prices have continued to rise over the last year due to strong demand by recovering developed economies such as the United States and China, limited spare production capacity in oil producing countries (or unwillingness to add more), and political instability, such as what we are seeing in Libya.

Over the last few months, a consensus has gelled that lower crude oil prices, if not these very low prices, will persist for a longer time, and that has led to significant cuts in spending — 30 to 50 percent for independent companies, and about 10 to 15 percent for the large companies.

That's an increase of less than 0.2 percent over current WTI crude oil prices and 0.7 percent over current NYMEX natural gas prices.

In the New Policies Scenario, the average IEA crude oil price rises from just over $ 60 in 2009 to $ 113 per barrel (in year - 2009 dollars) in 2035.

Natural gas prices will likely rise, making the costs of production higher and, according to the recent PWC report, shale oil may depress world crude prices over the years to come.

From their email: «January 2nd, 2008 - The price of crude oil was finally tipped over $ 100 a barrel, due to instabilities in Africa, concerns over supplies in the Middle East, and the falling value of the US Dollar.

During the debate over the Keystone project, the oil industry rolled out a series of studies claiming that pipeline construction would create 20,000 temporary jobs in the United States and that lower oil prices (they didn't say exactly how much lower) resulting from the new crude supplies would create as many as 250,000 more jobs across the country over the long term.

Diesel prices have fallen to the lowest levels since mid-May, marking the seventh consecutive week without an increase as the global crude oil glut spills over into refined product... Read More

«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.»