Sentences with phrase «dollarized oil trade»

The crude oil trade was largely responsible for turning around the fortunes of the Montreal, Maine and Atlantic Railway, which owned the train that was eastbound through Lac - Mégantic.

The general view among industry pundits was that price swings would remain relatively low, with oil trading between $ 50 and $ 60 a barrel — exactly what unfolded.

The first factor is the way the weekly chart shows that oil trades in bands.

One oil trading executive that Fortune spoke to reckoned that such a profit margin «sounds high,» but that everything depended on the deal's pricing formula.

With oil trading below $ 50 a barrel, economists are scrambling to determine the fallout of declining energy prices on the U.S. and global economies.

Since the 1970s, the oil trade has almost entirely been conducted in U.S. dollars, even when buyers and producers are not American.

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.

A mild winter led to swelling distillate stockpiles, resulting in a rare winter occurrence where heating oil traded at a discount to gasoline, catching refiners off - guard at a time when they typically increase distillate production to meet high demand for heating oil.

The fund allowed McClendon to make personal natural gas and oil trades — the same commodities that Chesapeake produces.

The positions involved at Koch Supply & Trading were primarily in refined products and fuel oil trading and operations, according to the sources.

U.S. crude imports are at a 16 - year low, reconfiguring the map of global oil trade.

The Futures Now team discusses the crude oil trade, with Jeff Kilburg, KKM Financial, and Jim Iuorio, TJM Institutional Services.

CNBC's Jackie DeAngelis reports just ahead of the close for oil trading, WTI holding over $ 38 a barrel.

CNBC's Jackie DeAngelis discusses the crude oil trade with the «Fast Money Halftime Report» traders.

For a company that had hedged a quarter or half of its oil production last year at $ 80 or $ 90 per barrel, they will now suddenly feel the pain of oil trading at $ 60 per barrel.

That power squarely rests with oil - rich nations that hold most of the world's oil reserves and the Wall Street banks and hedge funds that speculate and make markets in the oil trading game.

In the late 1990s, oil traded down as low as $ 10 a barrel due to a myriad of events — some situational, like the Asian economic crisis of 1998, and some structural, like the decreasing link between oil consumption and economic growth in Western nations.

Last week, headlines were focused on oil trading down to a six - and - a-half-year low.

CARACAS Venezuelan state oil company PDVSA has sued a group of oil trading companies through a U.S. trust over a multi-billion dollar corruption scheme to buy petroleum products below market value, the lawyer representing the trust said on Thursday.

«This was after all the headlines are saying hedge funds have never bet this much on rising oil prices, in the history of oil trading.

«Apart from the oil trade, the non-oil trade for Kazakhstan is very much linked to Russia as an export market,» Randolph said.

If it does increase interest rates, the dollar would be bound to strengthen, making oil trades (which is settled in dollars) more expensive for buyers holding other currencies.

Oil traded near $ 68 as investors weighed the impact of a possible U.S. pull - out from the Iran nuclear deal and the potential for a historic accord between the leaders of North and South Korea.

So far, there are no signs of an actual supply disruption, but oil traded up at the start of the week on the heightened geopolitical risk.

However, recent events barely registered in oil trading.

The oil market could finally be breaking out of a depressed pricing environment after three years of sluggishness, according to Trafigura Group, an oil trading company.

As discussed above, the issue was not that the heavy - light or bitumen - light differential was abnormally high in Alberta — it's that all Alberta and other mid-continent oil traded at a significant discount to world prices.

If the globally dollarized oil trade takes a hit, it means many more bad things for the purchasing power of those «dead presidents» in your wallet or bank account.

It was in such remarks that the three separate officials opined that the kingdom would be pleased to see oil trade in the range of from $ 80 to $ 100 per barrel soon.

Moscow wants to get rid of dollar & euro payments in oil trade with Turkey and Iran © Friso Gentsch / Global Look Press Russian Energy Minister Aleksandr Novak said...

While the official goal of the new futures contract is to establish a regional benchmark for more useful pricing of the crude grades prevalent on the Chinese market, analysts see the yuan oil futures as a step toward China seeking wider acceptance of its currency in global trade, including the oil trade, and establishing a petro - yuan that could challenge, in the future, the dominance of the petrodollar.

NYMEX's resistance to full - time electronic trading cost the exchange marketshare in crude oil trading to ICE, and eventually forced it to adopt the CME Group's trading platform, CME Globex in 2006, to compete.

The U.S. and Saudi Arabia used the oil trade as a weapon against the U.S.S.R. in the 1980's.

His background includes positions in shipping, refining, marketing, distribution, oil trading and gas as well as finance and strategic planning at the corporate executive level.

On those two days he was there, oil traded down to about 49 dollars and then over the next 8 weeks it went all the way up to about 60 dollars.

When this «golden moment» arrives, the effects on global oil trade — and U.S. continued supremacy in this arena — will be profound.

Crude oil trades softer after the EIA reported a 6.2 m barrel stock increase.

Oil trading has remained high after The Great Recession due to monetary policies.

Global oil trading is increasing, both in terms of volume and in open interest.

Rather than divide the world into camps — Muslim versus Christian, East versus West, good versus evil — Kathleen studied Islam in college, andafter 9/11 she read about the oil trade, the Afghan fight against Sovietoccupation in the 1980s, the roots of Osama bin Laden's terrorist organization.After Don died, his children talked about the Crusades and colonialism, and, Kathleen says, «very early on it became clear that — you know what?

If Israel wiped out Palestine it would enrage the region against the west and Israel's allies can't afford losing their oil trade connections.

Italy is Libya's nearest European neighbour and the most important oil trade partner, receiving 30 % of the 1.3 million barrels a day exported under the Gaddafi regime in 2010.

While officially Baghdad is now considering whether there is enough evidence of Turkey's involvement in oil trade with IS to file a formal protest at the UN Security Council, an Iraqi Defense Ministry spokesman, Naseer Nuri, told Sputnik on Wednesday that «general information about the smuggling of Iraqi oil by trucks to certain countries, including Turkey» is already available to them, and «this oil is used to fund Daesh.»

Of course, German and French banks are much more cool, than Lithuanian, but here we talk about switching from dollar in oil trades - and this is critically important for US I think.

It's extremely unlikely the non-IS and IS Islamists would cooperate clandestinely in oil trade without this being found out, and when they're so much at odds otherwise.

Mr Brown is also expected to call for greater stability in the global price of oil in order to prevent another period of rising prices as occurred last year with oil trading at $ 150 a barrel at one point.

ACEP is aware that GNPC has contracted Trafigura, the reputable oil trade firm to supply the HFO to KARPOWER, and that there has not been a single day in which KARPOWER shut down because of the lack of HFO.

The San Francisco Chronicle said that Catherine Reheis - Boyd, president of oil trade group Western States Petroleum Association, in a letter to the city of Berkeley had called the labels «forced reproductions of the State's and City's policy opinions.»

Palm oil accounts for about 65 % of all vegetable oil traded internationally, and demand for this resource continues to rise.

«The security of America's oil supply and stability in global oil trade remain critical components of U.S. national security,» the authors wrote.