Sentences with phrase «fluctuating global oil prices»

«As a result, fluctuating global oil prices have a tremendous effect on electricity tariffs.

Not exact matches

The US oil - rig count plateaued near the highest level in three years and showed signs of declining in late March (to 797), though it still stood 50 rigs above the year - end 2017 total.2 This contributed to expectations for a further increase in American crude production, which has topped 10 mb / d each week since early February, when WTI prices began to recede from their intra-quarterly high of US$ 66.14 a barrel.3 The amount of crude in US storage occasionally exceeded weekly estimates given the higher domestic output and fluctuating net import figures, reigniting fears that US production may thwart OPEC's efforts to clear global oversupply.

With oil prices in recent months having fluctuated in a range somewhat below their October peak, risks to the global economy from that source appear to have lessened.