Sentences with phrase «dollar pricing of oil»

«China has developed the power to challenge the universal dollar pricing of oil,» comments John Browne, a senior economic consultant for Euro Pacific Capital.

Not exact matches

NEW YORK, May 1 (Reuters)- Oil prices slid more than 1 percent on Tuesday as the dollar remained near a four - month high, but worries that U.S. President Donald Trump will pull out of the Iran nuclear deal underpinned the market.

In 2015, revenue for the 500 largest global corporations dropped 11.5 % to $ 27.6 trillion, owing to falling oil prices and in part by the surge in value of the U.S. dollar, which has stalled economic growth worldwide.

Oil prices slid more than one per cent on Tuesday as the US dollar remained near a four - month high, but worries that US President Donald Trump will pull out of the Iran nuclear deal underpinned the market.

A Royal Bank of Canada report released in early January even suggested that the benefit of a low dollar for exporters, coupled with an upswing in the U.S. economy and increased consumer spending in Canada, could offset the economic hit of low oil prices.

Fuelled by a low peso and cheap labour costs, Mexico's booming manufacturing industry has already overtaken Canada's in terms of the dollar value of exports to the U.S. Indeed, Canada is contending with more than just low oil prices.

Hannah Anderson of J.P. Morgan Asset Management says the near - term focus is on oil prices ahead of an important meeting in June on OPEC - led oil curbs, but the weak dollar is the longer - term variable for markets.

«If Trump abandons the deal, he risks a spike in global oil prices... The re-introduction of U.S. sanctions would hurt Iran's ability to transact in dollars,» said Ole Hansen, head of commodity strategy at Saxo Bank.

«The chances of wage inflation are higher this year than last; oil prices are up; the dollar is down.

If oil prices do not escalate, the government's budget outlook will deteriorate in the billions of dollars, through a combination of slow economic growth and lower than anticipated inflation.

The ramifications of the dollar - denominated oil trade are immense: Because oil is priced in dollars, there is huge demand for dollars, lending the U.S. economic and strategic power.

This partly reflects the fall back in the U.S. dollar on the back of rate hike delays, which has allowed commodity prices, notably oil, to rebound,» said Shane Oliver, head of Investment Strategy and chief economist at AMP Capital.

The price of oil collapsed from near $ 120 a barrel in June 2014 due to weak demand, a strong dollar and booming U.S. shale production.

The future viability of oil sands projects depends not just on your view of world oil prices — it depends just as much on how these factors evolve, in particular discounts to Canadian heavy products and the Canadian dollar.

First, I want to look at how the changes not just in oil prices, but also changes in diluent costs, discounts for oil sands crude relative to light crude and, in particular, the fall of the Canadian dollar have changed the outlook for new oil sands projects — for those under construction, and for those currently operating.

There are any number of theories explaining the sudden drop in crude oil prices after two years of stability: America's increasing supply, the world's faltering demand, an undeclared price war being waged by Saudi Arabia, the rising U.S. dollar.

If you're talking about a new project with no significant investment already deployed, building a new mine if you expect today's prices to hold in the long term is a tough call — a 50 - year oil sands project is a lot of risk for less than a 10 % rate of return — but even there, you can see the impact of the lower Canadian dollar and the hedge provided by a royalty regime which lowers rates when prices are low.

CNBC's Jackie DeAngelis reports on oil prices as a stronger dollar takes some support out of the market.

«Undoubtedly, whatever the strategy is of Donald Trump and his finance ministry, they managed to support oil prices in the last week by talking the dollar down, so if we see a big (upward) correction in the dollar then we'll probably see a (downward) correction in oil.»

Key commodities traded globally such as crude oil, gold, copper and softs like wheat are typically priced in dollars, with liquidity often favor the major exchanges in New York, London and Chicago as centers of trade.

There was a simple answer to the economic question: Keystone is the fastest and easiest way to bring Alberta's oil to market, which will in turn lower the price of oil by about a dollar per barrel for every American — regardless of where the stuff is ultimately sold.

Oil prices have traditionally been a key driver of the Canadian dollar.

In addition, the correlation between oil and the Canadian dollar has weakened over the past three years, suggesting that recent price swings in oil haven't been of great enough magnitude to materially influence the loonie.

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.

Speaking of the oil industry, we have seen a nearly 25 % drop in oil prices (US Dollar, West Texas Intermediate) since June, according to the U.S. Energy Information Administration

«The value of the Canadian dollar and the price of oil, one of the nation's top exports, have both tumbled to near record lows,» the billionaire and former three - term mayor of New York wrote ahead of Trudeau's arrival for town - hall event on live television.

The Bank of Canada says that the recovering U.S. ecconomy, weak oil prices, and a low dollar are all contributing factors.

The outcome of any conflict in the Middle East seems to have standard market reverberations; the price of oil rises, investors flock to safe havens such as gold and the American dollar.

The crudest version of this story says that Ottawa should increase spending as a direct response to the fall in oil prices and the resulting depreciation of the Canadian dollar.

If you're talking about a new project with no significant investment already deployed, building a new mine if you expect today's prices to hold in the long term is a tough call — a 50 year oil sands project is a lot of risk for less than a 10 per cent rate of return — but even there, you can see the impact of the lower Canadian dollar and the hedge provided by a royalty regime which lowers rates when prices are low.

As the world's largest consumer of crude, China seeks to gain some pricing power in the trillions of dollars of oil that are traded every year around the world.

Expensive oil made sense only because of the longest period ever of high oil prices in real dollars from late 2010 until mid-2014.

However, the Canadian dollar is expected to see minimal benefit from higher oil prices: a U.S. Federal Reserve interest rate hike is likely in the first half of 2017, which would bolster the U.S. dollar, while the Bank of Canada is expected to hold steady on rates.

NEW YORK (Reuters)- Oil jumped as much as 3 percent on Tuesday as a weak dollar propped up commodities, but crude prices came off their highs in post-settlement trading on signs of another big U.S. supply build last week.

2010 - 2014 was the longest period in history — 33 months — of oil prices above $ 90 per barrel in real dollars (Figure 6).

A negative correlation exists between the strength of the U.S. dollar and the price of oil (Figure 13).

Following the initial shock of oil - supply risk, U.S. Treasury bond and related «flight - to - safety» investments tend to lower oil price trends as the U.S. dollar appreciates.

The recent increase in oil prices in 2015 corresponds to weakening of the dollar that may reflect disappointingly weak first quarter 2015 U.S. GDP growth.

Oil prices were up most of the day, tracking the dollar, despite concerns about rising U.S. inventories.

Still, pockets of weakness remain as lower oil prices continue to hinder investment in the energy industry and a firm dollar restrains global sales.

While the US dollar's value against other currencies influences the price of oil, the relationship is complicated.

Risks associated with investing in Industrials include the possibility of a worsening in the global economy, acquisition integration risk, operational issues, failure to introduce to market new and innovative products, further weakening in the oil market, potential price wars due to any excesses industry capacity, and a sustained rise in the dollar relative to other currencies.

Economists agree externalities should be priced into the market; they agree that it is demand for oil and gas that is inflating the value of our dollar; they agree that a high dollar hurts exports.

Despite steady economic growth, the US stock market suffered through five quarters of earnings recession, in which S&P 500 earnings fell year - on - year due to falling oil prices and a strong US Dollar, returning to growth in the third quarter of 2016.

Now I read, again, how inflation is induced by high oil prices and I have to wonder, what happens as oil becomes rare, what will the Fed do when hiking rates does not improve the purchasing power of the dollar?

The kingdom had been squeezed by years of low oil prices, and Prince Mohammed was seeking to recover hundreds of billions of dollars in alleged illicit gains.

But the more money the Fed prints, the lower the value of the U.S. dollar, and the higher the US dollar - denominated price of a barrel of oil.

Signs of global economic turmoil are being seen from falling stock market and crude oil prices to the weakest Canadian dollar since 2004.

Following a January rally, the global commodities complex underwent declines in February before partially recovering in March; for the first quarter as a whole, the benchmark Thomson Reuters CoreCommodity CRB Index (CRB) gained 0.8 % on a price - only basis.1 Among the 19 component commodities tracked by the CRB, advancers had a slight edge over decliners, buoyed by growth in global economies and weakness in the trade - weighted US dollar, which retreated 2.1 %, according to the Federal Reserve's (Fed's) US Dollar Index.1 Aside from robust gains for a host of agricultural products, oil and gold were also among the commodity widollar, which retreated 2.1 %, according to the Federal Reserve's (Fed's) US Dollar Index.1 Aside from robust gains for a host of agricultural products, oil and gold were also among the commodity wiDollar Index.1 Aside from robust gains for a host of agricultural products, oil and gold were also among the commodity winners.

Oil prices slid more than 1 percent on Tuesday as the dollar remained near a four - month high, but worries that U.S. President Donald Trump will pull out of the Iran Continue Reading