Sentences with phrase «current low oil prices»

For a system of enhanced oil recovery fed by coal plants designed for carbon capture to pay off, Denbury, Tellus and every other oil company must survive current low oil prices.
Injecting carbon dioxide into old oil wells to drive out more oil is one application, but it's not enough, and it's not clear it even pays, given current low oil prices.

Not exact matches

And even if that doesn't happen, current prices remain too low to encourage new investment in the oil sands.
The current popularity of trucks and SUVs is also tied to low oil prices.
Against this backdrop of delayed rebalancing, we now see oil prices fluctuating around current levels, in a lower range than we had expected earlier this year.
The longer that the low oil prices last, the longer that very high prices will persist in future years due to the extreme drop in spending on current exploration.
The upper end of that projection — oil prices at US$ 60 — is below most of the current analyst forecasts, with expectations for the WTI price predominantly in the low US$ 50s, or below.
India imports nearly 75 % of its oil (source: Central Statistical Office, India), so sustained low crude prices improved the inflation picture and current account balance (source: Bloomberg data).
Thanks to the low - cost nature of those wells, the company expects to deliver 20 % compound annual production growth through 2019 while living within cash flow around current oil prices.
Current WTI prices are not that far from a US$ 40 - per - barrel oil, which has the industry and analysts wonder how low an oil price the U.S. shale can afford.
Until a balance is restored between supply and demand, though, Saudi Arabia is willing to endure the current low price of oil, even as its own budget, heavily reliant on energy revenues, faces a deficit of $ 98 billion, or 15 percent of gross domestic product, for fiscal 2016.
3) Persisting external pressures in the form of low dollar liquidity and declining net international reserves, despite higher oil prices and a decreasing current account deficit
Higher oil prices would reinforce current market trends based on reflation: rising long - term bond yields and a shift out of perceived safer assets — bond proxies and low - volatility stocks — and into cyclical assets such as EM.
In tandem, the era of high oil prices prompted an increase in saving among oil producers... Using the increase in emerging markets» current account surplus as a guide suggests the desired saving schedule has shifted to the right by 1pp as a result of the EM saving glut, which lowers the global real rate by round 25bps.
By now, it should be obvious that the Saudis and their Gulf allies are playing the long game when it comes to the current oil situation, and that means keeping the taps flowing in the midst of a global glut no matter how low prices go.
If this isn't the case and all the oil being produced is needed for current consumption, then the price of oil for future delivery can drop to an unusually low level relative to the spot price and stay there.
That could rise quickly, with the current on - fire stock market, rising oil prices, and unemployment at its lowest level since 2007.
Even still, given Angola's overreliance on one single sector, these measures are proving insufficient in the current context of low oil prices.
The committee, in a communique issued at the end of its first meeting for the 2016 fiscal period in Abuja, observed that while the period of low oil prices, which occurred in 2005, lasted for a maximum of eight months, the current situation was expected to continue over a longer period of time.
The decisions the current Government takes on transport to tackle the dual challenges of climate change and rising oil prices could have significant repercussions for many years to come... Friends of the Earth is calling on the Government to: «Change direction on transport policy - and aim to rapidly move towards a low - carbon transport system... Vehicle Excise Duty must be changed to make road tax on gas - guzzlers more expensive - and cheaper for greener cars...»
Oil companies that today pay for CO2 to be delivered from natural deposits are in danger of losing money, because the current price of oil is so lOil companies that today pay for CO2 to be delivered from natural deposits are in danger of losing money, because the current price of oil is so loil is so low.
The current, very low oil prices are a good opportunity to really get going on this issue.»
With the price of oil dropping to new 5 - year lows today, and new concerns about Greece / Euro, now would be a good time to consider some in - the - money covered calls (where the strike price is below the current stock price) so that you can earn some premium but also have a bit more downside protection working for you.
The current quote of NYMEX crude is lower by $ 2 today as the price action of crude oil has been on a downhill slide since the end of June 2014.
The energy and materials sectors have been the sore spot for the high yield market, given the anxiety over credit quality, as current low prices in oil and commodities, along with a Fed increase in rates, may be a cause for concern for future earnings and the cost of capital.
In discussing oil shale, Mr. Bush made a fresh effort to get Democrats in Congress to consider unlocking the vast deposits of the Green River Basin, saying the cost of production is low enough to make such supplies competitive at current prices.
This analytical report looks at how the key causes of the current food crisis are the combined effects of speculation in food stocks, extreme weather events, low cereal stocks, growth in biofuels competing for cropland and high oil prices.
«As bad as current market conditions have been for onshore oil producers, low oil prices have resulted in even greater cutbacks in capital spending for offshore oil producers,» said Isaac Orr, research fellow at The Heartland Institute, which publishes Environment & Climate News.
For clean energy to out - compete all supplies of oil on price alone, they can't just get below the current price of oil — they will have to get below the lowest - cost oil supplies, which are very cheap.
By 2022, BNEF estimates electric vehicles will cost the same as their internal combustion counterparts, and if growth continues at the current pace, oil displacement by electric cars will reach 2 million barrels per day by 2023 — the size of the current oil glut and enough to drive global oil prices to record lows.
«While we have this current environment of lower oil prices, Wood Buffalo was on a longer - term trend of having fewer and fewer sales every year.
Ryan discusses the death of Osama Bin Laden; Ryan reviews the economic news of the week; Ryan notices the correlation between increased home sales and interest rate drops; Louis notes we can't expect the housing market to be supported by further decreases in rates as they are already near historic lows; Ryan explains that interest rates change once every four hours; Ryan notes the difference between getting a quote and being locked in to an interest rate; Ryan advises the importance of keeping in touch with your mortgage lender; Louis notes that interest rates change a lot faster than home prices; Ryan notes that the consumer confidence was up, Ryan and Louis discuss the Fed's decision to keep interest rates where they are and to continue the $ 600 billion QE2 program; Ryan and Louis discuss the Fed's view that inflation is nascent; Louis notes that not only does the Fed not see inflation that exists but disclaims any responsibility for it; Louis asserts that there is a correlation between oil prices and Fed policy; Louis discusses Ben Bernanke's assertion that the Fed can't control oil prices but that they somehow can control the impact of higher oil prices on the rest of the economy; Louis also remarks on Bernanke's view of the dollar - the claim that a strong dollar can be achieved through the Fed's current policy as it is their belief that they are creating a sound economy and therefore a sound dollar; Louis notes the irony of the Fed chastising Congress» spendthrift ways — if the Fed did not monetize the debt, Congress could» nt spend; Louis noted that as Bernanke spoke the prices of gold and silver rose as it seemed that the Fed has no interest in cutting off the easy money; the current Fed policy will keep interest rates low; Ryan notes that the Fed knows that they can't let interest rates rise because of the housing mess; Louis notes that the Fed has a Hobson's Choice - either keep rates low or let interest rates rise and cut off the recovery.
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