Sentences with phrase «effect on crude oil»

Not exact matches

On Monday, WTI closed at US$ 52.22 a barrel, up by 3 percent, while Brent crude settled at US$ 59.02 — its highest since July 2015 — on the back of growing optimism that the OPEC production cut deal is finally having a palpable effect on global supplies of crude oil, and the equally growing worry that the Middle East could be in for more tensions — this time between the Kurdish nation and the countries it inhabits, following an independence referendum in the Kurdistan autonomous region in IraOn Monday, WTI closed at US$ 52.22 a barrel, up by 3 percent, while Brent crude settled at US$ 59.02 — its highest since July 2015 — on the back of growing optimism that the OPEC production cut deal is finally having a palpable effect on global supplies of crude oil, and the equally growing worry that the Middle East could be in for more tensions — this time between the Kurdish nation and the countries it inhabits, following an independence referendum in the Kurdistan autonomous region in Iraon the back of growing optimism that the OPEC production cut deal is finally having a palpable effect on global supplies of crude oil, and the equally growing worry that the Middle East could be in for more tensions — this time between the Kurdish nation and the countries it inhabits, following an independence referendum in the Kurdistan autonomous region in Iraon global supplies of crude oil, and the equally growing worry that the Middle East could be in for more tensions — this time between the Kurdish nation and the countries it inhabits, following an independence referendum in the Kurdistan autonomous region in Iraq.

A day earlier the American Petroleum Institute had estimated crude oil inventories had risen for the second week in a row, by a hefty 6.18 million barrels, which was only to be expected as the market is prepared for the Hurricane Harvey effects on Gulf Coast refining to linger for another few weeks.

There were two principal drivers behind oil prices» performance: the growing optimism that the OPEC production cut deal is finally having a palpable effect on global supplies of crude oil, and the equally growing worry that the Middle East could be in for more tensions — this time between the Kurdish nation and the countries it inhabits, following an independence referendum in the Kurdistan autonomous region in Iraq.

Changes in the price of crude oil affect domestic inflation directly, via their effect on the retail price of petrol, and indirectly, via increases in production costs more generally and increases in the prices of substitute goods.

That pushed down the price of West Texas Intermediate (WTI), the benchmark price for mid-continent oil, but had a much smaller effect on Brent crude, the benchmark price for most oil outside North America.

The direct effect of increases in crude oil prices on inflation is easily identified.

On April 1, 2015, new requirements for conditioning and testing of crude oil issued by NDIC under Order 25417 took effect.

To meet the nation's rising demand for energy, reduce its economic and national security vulnerability to crude oil supply disruptions, and minimize adverse environmental effects, the Congress should consider further stimulating the development deployment of a diversified energy portfolio by focusing R&D funding on advanced energy technologies.

The Iraq - Turkey Crude Oil Pipeline runs from Kirkuk, Iraq, to the Ceyhan marine terminal in Turkey; it began operation in 1976 and has operated continuously, except for the 1990 to 1996 period when the United Nations embargo on Iraq was in effect.

One, on the effects of oil spills into Canadian marine waters released in 2015 by an expert panel of the Royal Society of Canada, concluded that more research is required «to better understand the environmental impact of spilled crude oil in high - risk and poorly understood areas, such as Arctic waters, the deep ocean and shores or inland rivers and wetlands.»

On Friday (Dec 5), the NDRC announced further proposals for energy price reform in the petroleum sector that would come into effect January 1 by indirectly linking domestic fuel prices to international crude oil prices as well as substantially increasing fuel taxes.

All that they would blame on the pipeline is the effect of swapping carbon - intensive bitumen for lighter crude oil, adding, as mentioned above, the additional 17 % emissions for bitumen compared to average crude oil.

With the price of key oil benchmark Brent crude still hovering at around six - year lows of just under $ 50 per barrel, local law firms are seeing a reduction in work as projects are put on hold or suspended, with many saying they felt the deepest effects of the drop in oil prices during the summer.

That increase is having a compounding effect on the price rise in crude oil.

«These additions come at a time when the energy industry is under pressure because of the volatility in U.S. crude - oil prices, which has had a significant effect on the Houston economy and commercial real estate, particularly in the office sector,» the report reads.