Sentences with phrase «declining crude prices»

Wondering how an oil storage and pipeline company could grow revenue 73 % during a year when declining crude prices crushed most companies in that industry?

Not exact matches

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.

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 exports.

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.

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.

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

Oil prices continued their months - long decline Monday, with the price of crude briefly falling below $ 50 per barrel for the first time in more than five years earlier in the session on account of global oversupply.

Coupled with ongoing declines in the North American rig count — U.S. crude production is now at a two - year low — this helped nudge prices up to levels not seen since July 2015.

Following the sharpest decline in crude oil prices in at least a century, as well as a six - year bear market in metals, the global environment could be ripe for a commodity rebound.

July 2016 Oil and Gas Prices Global crude markets showed resilience in June when both Brent and WTI rallied to a 2016 high above $ 51 / bbl, due to continuing outages in Nigeria and Canada, as well as a 1.7 % decline in U.S. production.

Despite declining global economic growth and increased natural gas production, Saudi Arabia and other oil - producing nations have managed to maintain the price of crude in the $ 90 - $ 100 range.

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.

The US oil - rig count plateaued near the highest level in three years and showed signs of declining in late March (to 797), though it still stood 50 rigs above the year - end 2017 total.2 This contributed to expectations for a further increase in American crude production, which has topped 10 mb / d each week since early February, when WTI prices began to recede from their intra-quarterly high of US$ 66.14 a barrel.3 The amount of crude in US storage occasionally exceeded weekly estimates given the higher domestic output and fluctuating net import figures, reigniting fears that US production may thwart OPEC's efforts to clear global oversupply.

With crude - oil exports rising year - over-year, the value of the exports did not rise proportionally, with Canada's crude - oil export bill declining about 11 percent to $ 50 billion in 2016 compared to $ 55.8 billion the previous year, as lower crude prices and a weaker dollar cramped the export value of crude.

The rise in petrol prices reflects the worldwide increase in crude oil prices since March, which reverses the decline in oil prices that had acted to reduce the CPI in earlier quarters (see Box D).

The yield on the US 10 - year Treasury note rose 10 basis points on the week to 2.39 %, while the price of West Texas Intermediate crude oil declined modestly to $ 44.50 a barrel from $ 45.40 a week ago.

Shares in energy companies fell as the price of U.S. crude oil declined.

Oil futures jumped nearly 3 per cent on a decline in US crude inventories and after sources signalled Saudi Arabia wants to see the crude price closer to $ US100 a barrel.

After years of declining output, major oil companies have ramped up crude production this year, just as they are being battered by a plunge in prices due to already excessive supplies.

The company attributed the decline to weak global economic recovery, slow growth in China and low international crude oil prices.

Oil and gas equities have been underperforming crude oil prices since the middle of 2017, but the outlook for energy stocks deteriorated further in the past two weeks, as major oil benchmarks have declined more than 10 per cent.

Traditionally, when oil futures decline, prices in the physical markets tend to rise because crude is becoming cheaper and hence more attractive to refiners.

When, for example, he attracts criticism for saying he admires Vladimir Putin in a magazine interview, Alastair Campbell is blamed for having «trapped» him into saying it; when he loses the first TV debate it's because he allowed himself «to be persuaded to act out of character»; and when it comes to the declining value of Brent crude Salmond writes breezily that «no - one really knows what the price of oil is going to be in the short term», despite having spent several years arguing precisely the contrary.

«If somebody is being short - changed then I think we have to ask the relevant questions but 27 percent at this time when crude oil prices is declining... I think is asking too much of Ghanaians,» Mr. Assibey Yeboah said.

In the light of the crash in global crude oil price, which is Nigeria's main foreign exchange earner, the devastating actions of aggrieved militants on oil and gas infrastructure in the oil - rich Niger Delta which has resulted in lock - in or leakages of crude oil, sometimes in excess of one million barrels that could have been exported daily, and the consequential rapid decline in the well - being of the masses, the urgency to fix the Nigerian economy by changing tactics from sole reliance on oil, becomes more poignant and urgent, hence the need for international experts to aid diversification efforts of the government.

The Federal Government on Sunday decried the decline in crude oil prices across the globe, noting that it is already putting in place stricter measures to...

The Federal Government has warned that Nigeria will begin feeling the impact of the declining price of crude oil in the global market from this November...

Udoma also stated that the FEC was also projecting a «conservative» $ 38 crude oil price because of the declining global oil price.

A statement signed by Duncan Amoah, Executive Secretary of the chamber, attributed the drop to the consistent decline in crude prices on the international market.

Oil prices on Thursday hit their highest since December, 2014, pushed up after U.S. crude inventories posted a 10th straight week of declines and as the dollar continued to weaken.

Oil prices rallied to three - year high, boosted by a record 10th straight weekly decline in U.S. crude inventories.

Despite stable and even declining crude - oil prices, retail gasoline prices have experienced a slow but steady climb since the beginning of the year.

An airline is unlikely to take a short position in crude oil, as declining prices benefit the bottom line.

The price of oil as measured by Brent Crude declined approximately 19 % from mid-June through September 30, 2014 ($ 115 to $ 93).

With the decline of the Brent crude oil price over the past year, one of the most common questions I have been receiving is how to play this development.

The sharp decline has been sparked by lower demand prospects and an overabundance of crude oil, thanks in large part to surging shale production in the U.S. and a refusal by OPEC to cut production to support prices.

The integrated oil and gas giant has refining operations that do better when crude prices decline, partly offsetting its exploration and production losses.

Now, the decline in the price of crude oil, coupled with huge production cut, is severely affecting the economic growth.

We continue to see a narrowing of the WTI - Brent spread throughout the year, but a decline in overall crude oil pricing.

I start (and started) from the premise that the dramatic decline in crude oil prices that took place from August, 2014 ($ 96 / barrel), to March, 2015 ($ 44 / barrel), was due — on the one hand — to decreased demand, a function of slow economic growth in Asia, Europe, and elsewhere, endogenous, price - driven technological change leading to greater fuel efficiency, and policy - driven technological change that also has been leading to greater fuel efficiency, such as more stringent Corporate Average Fuel Economy (CAFE) standards in the United States; and — on the other hand — was due to increased supply, partly a function of the growth of unconventional (tight) U.S. oil production (a product of the combination of two technologies — horizontal drilling and hydraulic fracturing).

In early February, crude oil prices hit a 52 - week low around $ 44 per barrel, capping off a staggering decline from a 52 - week high of about $ 100 in mid-2014.

These concerns eased somewhat during the latter part of the quarter, as the dollar's value began to decline, the price of crude oil rebounded and China undertook additional steps to steady its economy, which provided support for the rally of the stock market.