Sentences with phrase «fall in crude prices»

The financial crisis in 2008, alternate sources of energy, new discoveries especially in the US and the lifting of sanctions against Iran have all contributed to the fall in crude prices.

Amid these indicators, traders are taking measures to protect themselves from a potential fall in crude prices.

Not exact matches

Now, one trader is trying to capitalize on the recent strength with an options strategy that will pay more than $ 1 million, as long as crude prices don't fall dramatically in the next few months.

Last year, funds that bet on an oil - price recovery were hit as crude in June fell to $ 42.05, the low for the year.

Goldman Sachs is not ready to raise its $ 62 target on Brent and $ 57.50 forecast for U.S. crude in 2018, but says there's a growing risk that global inventories will fall too quickly and push up prices.

The reason for this is that many countries in Asia used the prior period of falling crude prices to end, or dramatically scale back, their fuel subsidies.

Oil and gas stocks dropped on U.S. crude stocks data which led to a fall in oil prices.

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.

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.

Though crude oil fell initially, prices were up by the time markets opened on Monday, suggesting that bin Laden — dead or alive — may not be a key factor in determining oil prices.

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.

SINGAPORE, May 3 (Reuters)- Oil prices fell early on Thursday, pulled down by a rise in U.S. crude inventories and record weekly U.S. production, which is countering efforts by producer cartel OPEC to cut supplies and prop up prices.

It bought a small refinery in Great Falls, Mont., to hedge against a huge spread between bitumen and synthetic crude oil prices.

The good news, according to gas price analysts at Kent Marketing Services (formerly M. J. Ervin & Associates), is that significantly lower gas prices of just above a dollar a litre are probably coming to Canada this fall, based on what's already happened in crude markets.

Transportation fuel costs have already fallen sharply in concert with the drop in crude prices: prices for jet fuel, for instance, which represents 26 percent of airlines» costs, fell by 52 percent between August 2014 and mid-January 2015.

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.

Prices pared losses after the Energy Information Administration released data showing U.S. crude inventories fell by 4.6 million barrels in the latest week.

Brent crude, the benchmark for international oil prices, fell $ 1.44, or 3.1 percent, to $ 45.45 a barrel in London.

Brent crude, used to price international oils, fell 26 cents to $ 67.76 per barrel in London.

Oil prices fell over 5 percent in early Asian trade and were still trading around $ 41.21 a barrel for benchmark Brent crude and $ 38.47 for U.S. WTI (West Texas Intermediate) in early European trade.

Oil prices are falling because crude oil inventories were in good shape heading into the hurricane and because crude oil production will be less affected by the storm.

As shown in the following chart, the price of West Texas Intermediate (WTI)-- a benchmark for crude oil — fell early in 2016, sparking a global loss aversion shift as investors began looking for a potentially higher - yielding investment opportunity.

Angola's crude exports fall to lowest since at least 2008 OPEC disruptions could send prices above $ 80 a barrel: BofAML While plunging output in Venezuela captures the oil world's attention, Continue Reading

For Angola, Africa's second - largest oil producer, the fall in the price of crude oil has brought changes to its fundamentals, prompting the government, investors and analysts to review their positions on the economy.

Although there has also been a very slight fall in US crude oil production since the start of the year -LRB--1.6 %), with more Iranian and Iraq crude coming online and the demand fundamentals not improving, a significant price rise by the end of the year is unlikely.

Singapore: Oil prices fell early on Thursday, pulled down by a rise in US crude inventories and record weekly US production, which is countering efforts by producer cartel OPEC to cut supplies and prop up prices.

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

Brent crude, used to price international oils, fell $ 1.25, or 2.6 percent, to $ 47.16 a barrel in London.

Revenue fell 1.3 percent to $ 31.68 billion, weighed by a 16 percent slump in its segment supplying equipment and services to oil and gas customers, which has been hurt by weak crude prices.

Venezuela is mired in a deep economic crisis triggered mainly by a fall in crude oil prices and a drop in oil production.

In a world of falling prices, however, it will be high cost production from shale formations and the oil sands, not the low cost conventional crude from places such as Saudi Arabia and Iran that will be hit the hardest.

The fall in crude oil prices in the March quarter played an important role in this outcome.

The exchange rate appreciation also helped to offset an increase in international crude oil prices, so that in the December quarter retail fuel prices fell by around 0.9 per cent.

The pick - up in oil prices has been especially noteworthy, with the price of West Texas Intermediate crude oil rising to a new daily record of over US$ 57 per barrel in April, before falling back to around US$ 50 per barrel in early May (Graph 1).

ENERGY: Benchmark U.S. crude oil futures added 28 cents to $ 45.11 in electronic trading in the New York Mercantile Exchange while Brent crude, the benchmark for international oil prices, fell 6 cents to $ 47.20 a barrel in London.

The warnings come not from the heavily traded futures market, but from less transparent trading activity in crude oil and products markets, where key U.S., European and Russian crude prices have fallen of late, suggesting less robust demand.

Meanwhile, Bayelsa Elders Council, which met in Yenagoa to review the recent spate of bombings and vandalisation of oil and gas pipelines, called on the perpetrators to desist forthwith in view of inevitable damage it may cause the economy of the states of the region and the nation, especially at a time the country was grappling with falling crude oil price.

Africa's largest economy, which relies on crude sales for around 70 percent of government revenues, has been hammered by the more than 50 percent fall in oil prices since June last year.

On Tuesday, U.S. crude fell back below $ 30 a barrel, half its price in June 2015 and down from about $ 100 two years ago.

A report by industry monitor, Genscape, that showed a 1.3 million barrel fall in crude inventories at the benchmark's pricing hub in Cushing, Oklahoma, added further support, brokerage PVM said.

The two sub-saharan African countries are the latest in what may become a long line of oil - exporting countries to seek financial assistance to help stem growing deficits as falling crude prices crush revenues.

The Federal Government has made known its intention to cut subsidies on petroleum products by half next year after sharp falls in global crude prices led...

But now the country has been running short of dollars as oil revenues have fallen along with the price of crude, pushing the economy into its first recession in a quarter of a century.

Crude oil and natural gas prices have historically risen and fallen in concert.

A continued high supply of oil worldwide, with more than enough crude oil being produced both in the U.S. and overseas for prices to fall drastically.

Ironically, the drop in breakevens, which seems to have been overly influenced by the fall in crude oil prices, has occurred against a backdrop of rising core inflation.

Canada's resource sector has been slammed as the price of crude has fallen from a high above $ 105 in June 2014 to below $ 40 over the past few months, just as other commodities are at or near multi-year lows.

The TSX energy sector fell 6.5 per cent Monday in addition to a five per cent plunge last week as the price of crude settled at a five - year low.

«The increase in gasoline demand meant that the refining industry delayed its semi-annual maintenance period which meant that many mid-western and eastern refineries went into maintenance mode at the same time, meaning pump prices actually increased when crude was falling,» explains Roger McKnight, Chief Petroleum Analyst for En - Pro International Inc..

Right now at least, pump prices are falling more or less in tandem with crude because of low demand from world economies and larger crude inventories from oil producing countries.