Sentences with phrase «depress global oil prices»

However, this signaled to investors that rising supply from the U.S. would continue to depress global oil prices, and further drag energy shares down.

Not exact matches

The higher the oil price the Saudis (or OPEC) target and possibly reach, the more areas in the U.S. would be profitable to drill and add to the global oil supply, potentially wiping out the effect of the cuts and depressing oil prices again.

Some analysts and U.S. oil producers fear Keystone XL will depress crude prices by adding to an already oversupplied global market.

Back in 2014 and again in 2016, OPEC producers curtailed output and reduced the global supply overhang that had depressed oil prices.

While Trump's stance on issues like the Keystone XL pipeline bodes well for the oil and gas industry, the risks posed by a U.S. - led slump in global trade would likely far outweigh the increased volumes of crude that would flow across the border into the Gulf of Mexico — especially at today's depressed prices.