Sentences with phrase «crude prices for»

Yesterday's oil initially rallied on a report that Saudi Arabia was raising crude prices for customers showing that they are confident about demand and not worried about losing market share.

Alberta's unconventional oil reserves are big enough to meaningfully increase world oil supplies — and lower crude prices for everyone — if they're fully developed.

The good news is that the projected crude price for the remainder of 2015 should be high enough to support continued production in drilling areas such as the Bakken, Eagle Ford and Permian basins, according to the Energy Information Administration (EIA).

Not exact matches

Crude oil prices in Canadian dollars for Brent (North Sea, UK), West Texas Intermediate (Cushing, OK, USA), and Edmonton Par.

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 incident might result in restrictions on using rail to transport oil, which could increase the price discount for Canadian crude.

A rebound in oil prices following the 2014 collapse of the crude market has somewhat curbed the need for such a large IPO, sources told the Wall Street Journal.

The spot price for Brent Crude has recovered from a mid-January low of US$ 27.19 to just above the US$ 50 mark.

Soaring U.S. shale production has been a nagging concern for OPEC and its allies, but the group's key players appear to be more fixated on the immediate benefits of high crude prices.

Although the oil price and the dollar have moved in tandem for the last few weeks, the two generally tend to trade in the opposite direction, as a stronger dollar encourages non-U.S. investors to sell oil and crude - importing countries to curtail their purchases.

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.

U.S. President Donald Trump slammed OPEC for inflating oil prices after the cartel showed a willingness to further tighten crude markets.

(SAGD stands for Steam - Assisted Gravity Drainage; WTI for Western Texas Intermediate, a crude oil price benchmark.)

This might eventually pressure crude prices, even though oil and the dollar have moved in tandem for a few weeks.

Running for the Progressive Conservatives, he won a seat in 1986 and was appointed employment minister just as the price of crude plunged and the unemployment rate spiked to 10.4 %.

And in energy, high prices for synthetic crude and liquid natural gas mean producers are generating a lot of extra cash.

After all, crude oil and commodities prices are still so low that plunging resource revenues forced Ottawa to defer its target date for balancing the budget.

For example, refining margins tend to expand when oil prices decline as the savings refiners reap from using cheaper crude to make gasoline and other products aren't immediately passed on to consumers at the pump.

Oil prices were steady on Thursday following a larger - than - expected increase in U.S. crude inventories: U.S. crude futures were higher by 0.04 percent at $ 67.96 per barrel and Brent crude futures for July delivery were flat at $ 73.36.

Brent crude, used to set prices for international varieties of crude, was down 73 cents at $ 110.47 a barrel.

Business investment is inhibited by the low prices for Canadian crude and weak domestic demand.

For investors, the potentially high rates of return, compared with commercial loan rates running about 5 percent to 7 percent, have spurred interest despite crude prices under $ 50 a barrel.

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 exporFor 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 exporfor imports is also softening along with exports.

Brent crude, the global benchmark, hit its highest since OPEC on Nov. 27, 2014 turned its back on curbing output to support prices, a move that triggered a battle for market share and helped deepen a collapse to $ 27 in early 2016.

If you match these volumes up with a comparison of landed costs of similar crude import streams into the U.S. vs. the prices of Canadian crudes, you can get a sense for the foregone value.

Last year, funds that bet on an oil - price recovery were hit as crude in June fell to $ 42.05, the low for the year.

volatility of commodity prices for crude oil, natural gas, and natural gas liquids («NGLs») and the risk of an extended period of depressed prices;

Additionally, prices for its major commodity exports - crude oil and palm oil - have dropped sharply and its currency, the ringgit, is trading close to its lowest levels since the Asian financial crisis of the late 1990s.

Malaysia's shares and currency have been hit with a toxic brew of declines in the prices of its commodity exports, especially palm oil and crude oil, as well as what may be the country's worst - ever political scandal, which has spurred protests calling for the removal of the prime minister from power.

Should these lines and other added capacity close the price differential between West Texas Intermediate and Brent crude, the economic case for Gateway would suffer.

When the spread between West Texas Intermediate crude oil and Western Canadian Select narrowed to US$ 10 a barrel last summer, some analysts declared that the big price differentials were gone for good.

In early March, as rebels fought for control of the country's east coast ports, where much of the country's oil is refined or shipped abroad, the price of the American crude contract (West Texas Intermediate, or WTI) broke US$ 100 for the first time since 2008.

The depressed prices mean lower prices for refiners and less pump pain for North American drivers, but it's hardly good news for Canada's oil industry, which spent billions on oilsands projects after world crude prices had risen high enough to justify the investment.

Oil supply concerns are greater for Europe, where crude prices have jumped even higher due to the region's larger energy reliance on MENA.

They argue that possible sanctions on the Venezuelan energy sector would harm the U.S. industry, and cause it to scramble for heavy crude supplies from elsewhere, which would result in higher fuel prices for consumers.

Fuel prices have been declining over the past month due to seasonal trends and the falling price of crude, said Patrick DeHaan, a senior petroleum analyst for GasBuddy.com.

«With so much supply landlocked, Canadian oil prices are taking a serious hit,» Casey Research energy analyst Marin Katusa wrote in a late June investment note that estimated that Western Canadian Select, a heavy crude, was trading for a whopping US$ 23 less than WTI; a gap 30 % larger than the average differential between 2006 and 2010.

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.

When national budgets of various oil - producing countries are determined by crude prices, then a lower price forces capital to be repatriated back to the country of origin (and we haven't even mentioned Russia, which is flooding the crude market for budgetary reasons).

Goldman Sachs is not ready to raise its $ 62 target on Brent and $ 57.50 forecast for U.S. crude in 2018, but says there's a growing risk that global inventories will fall too quickly and push up prices.

With the recent drop in commodity prices, especially for West Texas Intermediate crude oil, consumers are poised to win big - time while many in the financial markets are seeing a stream of losses.

High demand for diesel and home heating fuel in particular means refineries are willing to pay more for crude oil, said Tom Kloza, global head of energy analysis at Oil Price Information Service.

The reason for this is that many countries in Asia used the prior period of falling crude prices to end, or dramatically scale back, their fuel subsidies.

Morgan Stanley also noted that oil and gas exports account for nearly 16 percent of Malaysia's gross domestic product (GDP), and the sector has been hard hit by crude prices falling below $ 50 a barrel again.

This means that current oil prices are higher than prices for crude deliveries in the future.

Bank of America Merrill Lynch and Morgan Stanley both upped their forecasts for crude prices this week, while Goldman Sachs said the risks of prices overshooting its current targets are mounting.

Again, how much longer this can continue is uncertain, but one would imagine at some point rising crude prices will have to be reflected in higher retail prices for diesel and gasoline.

Oil prices have skyrocketed around 40 percent since the middle of 2017, with Brent crude rising to multi-year highs above $ 71 a barrel, before a pullback last week wiped out its gains for 2018.

World stock markets skidded further Wednesday as fresh declines in crude oil prices stoked fears for the health of the global economy.