Sentences with phrase «crude oil producer»

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.

It added, «Recent upsurge in vandalism has negatively impacted on the Nigerian crude oil production output, losing its African top crude oil producer to Angola.»

Russia, the world's biggest crude oil producer and its fifth - largest emitter of greenhouse gases, signed the Paris agreement but has delayed formally ratifying it.

As the largest crude oil producer within OPEC, Saudi Arabia is illustrative.

All of this follows news that the U.S. is now the world's number two crude oil producer.

Venezuela has the largest oil reserves, and the eighth largest natural gas reserves in the world, and consistently ranks among the top ten world crude oil producers.

Not exact matches

In broader economic terms, the rise in oil and gasoline prices will help crude producers in states like Texas and North Dakota and will likely boost capital spending industrywide.

Railways are producers» second best option for hauling crude to the United States after pipelines but have so far been reluctant to sign the short - term contracts the oil industry favors.

CALGARY, Alberta, May 2 - Alberta will hold talks with rail operators and oil producers aimed at smoothing the path to get more crude moving by rail to market amid a transportation bottleneck in the Western Canadian province, Alberta's energy minister said on Wednesday.

The decreases are largely the result of the oil glut and all - time lows for crude prices — last year, mining, oil producers, and metal companies lost a combined $ 70 billion on $ 1.3 trillion in revenue.

Oil futures are currently trading at $ 74.80 for Brent crude and around $ 68.69 for West Texas Intermediate (WTI), having been buoyed by OPEC and non-OPEC producers, including Russia, curbing oil productiOil futures are currently trading at $ 74.80 for Brent crude and around $ 68.69 for West Texas Intermediate (WTI), having been buoyed by OPEC and non-OPEC producers, including Russia, curbing oil productioil production.

In Russia, Rosneft, one of the world's biggest oil producers, said its crude production had not been affected by the outage.

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 price gap between North American crude and world prices is a new and unfamiliar dynamic in international oil markets, and represents a «double whammy discount» for Western Canadian producers, as Casey puts it.

The hard fact for North American producers is only now are we seeing a true market price for crude oil.

Sinclair attributes the higher prices to a combination of factors including «the effects of the production cutbacks by OPEC and non-OPEC foreign producers finally kicked in, not to mention speculative money going into crude oil futures.»

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.

The banks says the long - oversupplied oil market is tightening up more quickly than expected as global economic growth fuels demand and output cuts by OPEC, Russia and several other producers eat into the world's crude stockpiles.

U.S. shale producers are churning out crude oil at such a relentless pace that the country will soon become the most influential player in the energy market, according to an analyst.

Because energy producers cut back on drilling and production when oil is cheap (and less profitable for them), investors were concerned that they would also stop ordering as many of MRC's pipes, which are used to pump and transport crude.

Even as the oil producers themselves could struggle with weak crude prices, both National Oilwell Varco and US Silica are set to win from the growth in production spending in the near term.

Crude oil prices hit new lows earlier on Friday, as everything continues to indicate that oil producers are pumping relentlessly.

Even as oil producers could struggle with lower crude prices, increased production investment is already paying off for US Silica and National Oilwell Varco.

Some analysts and U.S. oil producers fear Keystone XL will depress crude prices by adding to an already oversupplied global market.

Chevron Corp, the second - largest U.S. - based oil producer, slashed its 2016 capital budget by 25 percent and said it would lay off roughly 10 percent of its workforce, one of the most - drastic reactions to date to the plunge in crude prices CLc1.

However, that configuration is ill - suited to an era when the fastest - growing crude oil supply is coming from the middle of the bowl, from U.S. oil producers using new extraction techniques and the Canadian oilsands.

SINGAPORE, May 3 (Reuters)- Oil prices fell early on Thursday, pulled down by a rise in U.S. crude inventories and record weekly U.S. production, which is countering efforts by producer cartel OPEC to cut supplies and prop up prices.

The bottlenecks are frustrating for Canadian oil producers because heavy crude is in great demand from U.S. Gulf of Mexico refineries, which are designed to process it, and have faced shortages of Venezuelan and Mexican heavy crude.

When the discount is above $ 20, oil producers will pay to haul crude up to five hours, more than twice as far as usually makes economic sense, Zielinski said.

SINGAPORE, May 3 - Oil prices dipped on Thursday, weighed down by swelling U.S. crude inventories and record weekly U.S. production that is countering efforts by producer group OPEC to cut supplies and prop up prices.

Despite the layoffs and poor performance in its first quarter, Suncor, Canada's largest oil sands producer, continues pumping out crude, outputting 602,400 barrels per day during the first quarter — up 10 % from the same period last year.

Analysts at Canaccord Genuity said Monday the project's $ 5.3 - bilion northern leg «is no longer a necessity» for Canadian oil sands producers, thanks to the sudden rise of crude - carrying unit trains and rival pipeline schemes proposed by Enbridge Inc..

May 1 Anadarko Petroleum Corp reported a quarterly profit on Tuesday as higher crude prices helped the oil and gas producer earn more per barrel.

This month, Brent crude oil futures climbed above $ 74 a barrel, reaching highs last seen in late 2014 — a welcome development for oil producers.

* OIL: Oil prices dipped on Thursday, weighed down by swelling U.S. crude inventories and record weekly U.S. production that is countering efforts by producer group OPEC to cut supplies and prop up prices.

I can't emphasize enough how impressive it is that Texas shale oil producers continue to ramp up output even with crude remaining in the $ 50 per barrel range.

HOUSTON, April 26 U.S. oil producer ConocoPhillips said on Thursday its first - quarter profit jumped 52 percent due to rising crude prices and cost cuts.

Syria is not a significant oil producer, but any sign of conflict in the region triggers concern about crude flows across the wider Middle East.

Not only are oil producers trying to back out from Alberta Clipper, but Enbridge itself has battled an effort by TransCanada Corp. to build another major pipeline, called Keystone XL, to export crude to the U.S..

A more than 55 percent decline in crude oil CLc1 since last year has rippled through the global energy industry, forcing producers and their suppliers to make tough decisions.

HOUSTON, April 26 (Reuters)- U.S. oil producer ConocoPhillips said on Thursday its first - quarter profit jumped 52 percent due to rising crude prices and cost cuts.

Headquartered in Dallas, Navigator provides oil and natural gas producers with comprehensive midstream services including crude oil and natural gas gathering, transportation, storage and natural gas compression and processing.

The major producers of crude oil had an abundance of dollars, which was recycled back into the system to purchase dollar - denominated assets.

As its name suggests, the oil and gas producer focuses entirely on prospects within the state of California, and the crude oil price declines in 2015 created massive losses for the small exploration and production company.

Oil prices dipped on Thursday, weighed down by swelling U.S. crude inventories and record weekly U.S. production that is countering efforts by producer group OPEC to cut supplies and prop up prices.

For the longest time, OPEC and Russia have been pulling out all the stops to limit the production of crude oil in the East, while shale producers in the West have only been taking advantage of these efforts to ramp up their own output.

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.

Although the benchmark West Texas Intermediate (WTI) oil price has been increasing, Alberta's producers are being hurt by transportation bottlenecks that have resulted in heavy discounts for non-conventional crude oil.