Sentences with phrase «crude supply»

Yet, in an effort to further their influence over world crude supplies, the two countries are now reportedly working on a deal to actively manage markets for potentially the next 20 years.

Further, it noted that crude supplies still remain at historically high levels for this time of year.

West Texas Intermediate crude oil futures have surged to a one - month high on expectations for the first decline in weekly U.S. crude supplies in nearly three months as well as news that a key pipeline will begin service at the start of the year, relieving the glut of oil in the middle part of the...

The U.S. Department of Energy estimated «technically recoverable» shale oil resources of 345 billion barrels in 42 countries it surveyed, or 10 percent of global crude supplies.

In late March, Saudi Arabia and Russia were reportedly preparing a move to further their influence over world crude supplies by actively managing markets for potentially the next 20 years.

Russia surpassed Saudi Arabia to become China's top crude supplier as the fight for market share in the world's second - largest oil consumer intensifies.

Add to that the surprise increase in weekly crude supplies reported by the Energy Information Administration on Thursday.

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.

The front - month contract slipped for a second straight month in October on ample crude supply and worries about lower fuel demand as the global economy slows.

Russia is China's top crude supplier for the first time since October 2005 as it seeks new markets for its crude amid western sanctions over its dispute with Ukraine.

Oil prices turned lower after his comments, shedding some of the recent gains that were fueled by concerns that renewed sanctions would disrupt crude supplies from Iran, OPEC's third - biggest producer.

Saudi Aramco has made China a strategic priority and is signing downstream investment deals and crude supply deals with Chinese firms to achieve that goal.

Here's a preview of the top 3 things that could rock markets today — FOMC Decision in Focus, Traders Fret Prospect of Second Straight Weekly Build in US Crude Supplies, Apple to Spark Nasdaq Rally?

The American Petroleum Institute reported another massive 5.121 million barrels drop in U.S. crude supply dragging stockpiles back to the lower end of the average range for this time of year.

Last week, Sechin was quoted as saying that the recent rise in oil prices was due to a weak dollar, instead of efforts by OPEC to combat the global crude supply glut.

... Expectations of growing U.S. crude supplies sent world oil prices sliding to a new four - year low and is turning up the heat on OPEC members to cut production when they meet later this month.

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.

The U.S. crude supply unexpectedly fell last week, the government said.

Oil up a second session as potential for U.S. withdrawal from Iran nuclear pact grows Natural - gas prices settle at a 2 - week lowOil finishes higher Thursday, as traders worried that a potential U.S. withdrawal from the Iran nuclear agreement and the International Monetary Fund's threat to expel Venezuela from the international coalition of nations will lead to tighter global crude supplies.

Ample crude supplies had pared some of the gains on Thursday, though crude futures remained in touching distance of levels not seen in more than three years.

Saudi Arabia and Russia are working on a historic long - term pact that could extend controls over world crude supplies by major exporters for many years.

Prices shook off earlier weakness that was driven by recent data showing a hefty climb in weekly crude supplies and record U.S. production.

Oil pared earlier gains after touching $ 50 a barrel for the first time in more than six months as U.S. crude supplies and production declined.

The return of what Premier Alison Redford famously called the «bitumen bubble» shows that crude supply - demand fundamentals have not changed.

And let's not forget Iran is ready to unleash their crude supply on the world.

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 production.

Oil prices fell on Friday as investors cashed out big weekly profits after a rally driven by disruptions to crude supplies and Wall Street's gains from U.S. economic data.

Oil finished higher Thursday for a second day, as traders worried that a potential U.S. withdrawal from the Iran nuclear agreement, and the International Monetary Fund's threat to expel Venezuela, will lead to tighter global crude supplies.

It explained that the plants were shut simultaneously on Sunday, after the Bonny - Okrika crude supply line to the Port Harcourt Refinery, and the Escravos - Warri crude supply line to the Kaduna Refinery, suffered breaches.

«That wouldn't just mean potentially half of the gas stations no longer supplied in the Lower Mainland, it would also mean Parkland would be affected as its crude supply of lighter crude will also be affected.»

Still, many analysts believe TransCanada will get its permit before the end of the year, as the Obama administration opts for the security of crude supply and the direct job creation over environmental concerns.

Those savings are the market result of increased global crude supply, thanks largely to soaring U.S. production, putting downward pressure on prices.