Sentences with phrase «crude prices remain»

Reuters MOSCOW Russia should start exiting a global deal to cut oil output if crude prices remain at $ 70 per barrel for more than six months, Lukoil chief executive Vagit Alekperov said on Friday as he unveiled a $ 2 - 3..

The rise in pump prices has been called into question lately as supply at the refinery level and crude prices remain constant.

WTI crude prices remain choppy, but up 9 percent this week, and up 29 percent since its August low, with CNBC's Jackie DeAngelis.

Not exact matches

Looking forward, he said, the company expects crude prices to remain relatively stable.

«Market fundamentals remain supportive, as crude oil prices are relatively rangebound, providing stability to customers as they evaluate projects,» said Baker Hughes Chief Executive Officer Lorenzo Simonelli in a statement.

Still, prices remained close to their highest levels in more than three years: Brent crude futures shed 0.64 percent to trade at $ 74.16 per barrel and U.S. West Texas Intermediate eased 0.43 percent to $ 67.81.

But Wood Mackenzie speculates that investors might not remain so stubborn with U.S. crude prices at three - year highs above $ 60 and a corporate tax cut windfall on the horizon.

This trend has reversed in recent weeks, with larger discounts applied to global and Canadian heavy crude leading to bitumen prices remaining low while world oil prices have gained some of the lost ground.

After the rig - count data release, crude oil prices remained weak alongside stocks and bonds.

The oil market remains in what's known as contango — with the future price of crude trading at a higher level than today's spot price.

Crude - by - rail shipments are expected to ramp up in the second half of this year and into the first half of next year to «very material volumes of oil,» Pourbaix said, adding price discounts will improve but will likely remain higher than usual because rail costs more than pipeline transport.

The energy sector fell 1.1 percent on the back of a more than 1 percent drop in crude oil prices as the dollar remained near a four - month high.

With energy prices remaining on the back foot, tell us when you think the oversupply in crude will clear up in order to restore prices.

Oil prices, which have recently received some support from reports about discussions of another possible extension of the OPEC production cut deal, remained stable following the release of the EIA report, with WTI trading at US$ 48.75 a barrel and Brent crude at US$ 54.62 a barrel.

In spite of analyst warnings, prices remained stable after the third weekly crude oil inventory increase, suggesting that market players have already factored in the prolonged consequences of Hurricane Harvey and Irma on oil dynamics in the United States.

Crude oil prices continue to remain bullish, brightening the prospects of oil and related companies.

Yet expectations for the company remain low overall due to delays in completing wells, low gas prices, and a big discount in the price of Canadian crude.

Crude - oil prices have remained in the $ 30 - 50 dollar range since August 2015.

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.

But while the recent crude price movements have been extraordinary, I still believe that oil prices will, for the most part, remain range bound, with the global benchmark Brent trading between $ 50 and $ 65 and WTI trading at a modest discount.

The strategists forecast WTI crude oil prices would remain at around $ 40 per barrel for most of the first half of the year, which would «slow supply growth, keep further capital investment in U.S. shale sidelined, and

Though crude is currently a bit below the lower end of that range, oil prices should, for the most part, remain within that channel going forward, with a bias toward the lower end.

While recent oil price movements have been extraordinary, Russ explains why crude oil should remain range bound going forward.

After a quarter - long consolidation, West Texas Intermediate crude oil prices broke above a key technical level of $ 66 per barrel in early April, the highest level since 2014, offering an indication the current uptrend remains intact.

While the market benchmark remains West Texas Intermediate crude delivered in Cushing, Oklahoma, there has been a surge in trading of futures contracts tracking the price differences between WTI and oil sold in Gulf Coast ports like Houston and the Permian shale fields near Midland, Texas.

While I'd remain cautious of physical crude oil given the commodity's price volatility, integrated oil company stocks appear to be bottoming.

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.

While gold prices have more or less remained in a tight band from the start of 2016, the escalating crisis in the Middle East has led to massive volatility in crude - oil prices, and at the end of November this year, crude oil has rallied by 55 percent compared to the 20 - percent gain in gold.

Commodity prices have remained at historically elevated levels, although persistent transportation bottlenecks are leading to continued discounts for Canadian heavy crude oil.

«To the point where competition among the Oil Marketing Companies remains high, market price for both Brent crude and refined oil dropping in average price terms, added to the appreciation of the Cedi against the U.S. dollar, and increasing national fuel stock; the Institute for Energy Security (IES) believe that there is enough positive momentum and fundamental justification to move the prices of Petrol and Diesel lower on the local market,» IES said in a release signed by Gilbert Richmond Rockson, Principal Research Analyst.

While recent oil price movements have been extraordinary, Russ explains why crude oil should remain range bound going forward.

While recent oil price movements have been extraordinary, Russ explains why crude oil should remain range bound going...

Though crude is currently a bit below the lower end of that range, oil prices should, for the most part, remain within that channel going forward, with a bias toward the lower end.

But while the recent crude price movements have been extraordinary, I still believe that oil prices will, for the most part, remain range bound, with the global benchmark Brent trading between $ 50 and $ 65 and WTI trading at a modest discount.

With gold, crude oil, and a host of agricultural prices high, and with structural reasons for them to remain high, the FOMC won't feel too happy as they cut rates.

Here's what I love about this business: while oil prices can swing wildly from day to day, the actual volume of crude going through the company's network remains remarkably consistent.

I could be wrong, but I think that the ceiling price for crude oil may be $ 70 / barrel for a few years, with the average remaining at $ 50.

And for those watching the price of crude oil, this is yet another reason why Brent crude should remain near $ 50 / bbl, for a few years.

Nigeria has experienced growth in its agricultural and sold minerals sectors, but the country's economy remains turbulent in light of the drop in crude oil prices and the resulting depreciation in the value of the naira -LRB--RRB-.