Sentences with phrase «for oil forecasting»
To forecast coal production Rutledge borrowed a statistical technique developed for oil forecasting known as Hubbert linearisation.
http://www.climate-resistance.org/ Not exact matches
Last year's budget forecasted oil at $ 67 per barrel (WTI) for 2016.
In supporting analysis for the Keystone application in 2006, Purvin and Gertz forecast that, demand in the midwest oil administrative district «would grow and that increasing supplies of Canadian crude oil could handle this growth in addition to offsetting declining U.S. domestic production.»
When the company auctions that oilfield drill, for example, the goal is for its pricing model to forecast demand in the near future based on different factors, such as the price of oil, leaving Ritchie Bros. less vulnerable to market surprises.
If you want to know what the break - even price for new oilsands projects is (at least for the marginal project), look at the forecast of future oil prices.
He noted that many commodities market forecasts for next year show a decline in oil prices.
The latest National Energy Board forecasts for increases in oil sands production through 2025 roughly add up to what Keystone and Trans Mountain could handle, says University of Calgary economist Trevor Tombe.
The drivers behind OPEC's forecast include steadily rising economic activity around the world, strong demand for transportation fuels like gasoline and jet fuel and a growing petrochemical industry, which turns byproducts from oil and natural gas into chemicals.
In February, OPEC anticipated demand for its members» oil in 2013 would dip by about 100,000 barrels per day compared to previous forecasts, mainly because of increased production in North America.
The recent drop in oil prices has Todd Hirsch, ATB Financial's chief economist, predicting a mild recession for Alberta this year and a sluggish recovery next year after forecasting in June that the province would avoid such an economic decline.
On the demand side, OPEC said it now expects the world's appetite for oil to grow by 1.59 million barrels a day, up 60,000 bpd from last month's forecast.
Raymond James also raised its full - year forecast for oil prices.
Kloza forecasts an average of $ 67 a barrel for Brent crude oil this year.
Trump tariffs hit raw nerve in energy pipeline sector Oil pipelines prepare new battle tactics for environmental activists US shale forecasts are too optimistic, pioneering fracker says
On Tuesday, Merrill Lynch analysts said they now expect the oil market to be undersupplied by about 430,000 barrels a day in 2018, up from their prior forecast for a 100,000 - barrel - per - day deficit.
Bank of America Merrill Lynch and Morgan Stanley raised forecasts for oil prices in 2018, while Goldman Sachs said there is growing risk that it will have to push up its targets.
With oil, for example, analysts were trying to «out - predict» each other with forecasts for when prices would bottom earlier.
The company which scans the sea floor for oil and gas deposits said it now expected full - year revenue to be in the range of $ 870 - 910 million, up from its previous forecast from Aug. 2 for $ 810 - 870 million.
The IEA also upped its forecast for global oil demand for this year and next year due to revised estimates for Russian and Chinese demand.
The IEA's forecasts overlap largely with the Trump administration's pursuit of what it calls «energy dominance» — a strategy that has been visible in its rollback of various Obama - era policies this year (above all in the U.S.'s withdrawal from the Paris Climate Accord), and in a big expansion of federal acreage offered for oil and gas prospecting.
One of the first things I look for in any budget are the economic projections, particularly after Budget 2015 contained wildly optimistic oil price forecasts.
And we forecast a «booming» rebound for oil.
For instance, they expect Brent crude to peak at $ 82.50 per barrel in July and copper to peak at $ 8,000 per ton in December, but they have forecast lower prices for both oil and copper in 20For instance, they expect Brent crude to peak at $ 82.50 per barrel in July and copper to peak at $ 8,000 per ton in December, but they have forecast lower prices for both oil and copper in 20for both oil and copper in 2019.
Despite early signs of a bottoming out, Moody's Investors Service slashed its oil price forecast for 2016 to $ 33 per barrel, and also put 69 E&P companies in the U.S. under credit review for possible downgrade.
Because of the drama in Saudi Arabia and further extended production cuts planned by the Organization of Petroleum Exporting Countries (OPEC), Morgan Stanley just raised its forecast for the price of oil, estimating WTI to average $ 58 a barrel in the second quarter of 2018.
The upper end of that projection — oil prices at US$ 60 — is below most of the current analyst forecasts, with expectations for the WTI price predominantly in the low US$ 50s, or below.
Interested in 2017 production forecasts and plans for capital expenditure for publicly listed Canadian oil and gas companies?
But Suncor has argued that before shovels were in the ground, industry forecasts for 2011 oil production had already dropped by 800,000 barrels, nearly double Clipper's 450,000 - barrel capacity.
«Momentum appeared to slow this spring in several oil - consuming provinces, including Ontario, Quebec and Manitoba, and we lowered our 2016 growth forecasts for eight provinces,» said Wright.
For the forecast period, technical assumptions include A$ at US$ 0.89, TWI at 69, cash rate at 7.0 per cent, and WTI crude oil price at US$ 86 per barrel and Tapis crude oil price at US$ 90 per barrel.
If the planet is to avert the worst scenarios for climate change, the optimistic long - run forecasts for oil demand growth put forward by energy giants such as Exxon can be thrown out the window.
Climbing oil and natural gas prices at the moment are due to this winter forecasts calling for colder temperatures than average.
This includes the possibility of lower oil prices — their forecast for oil prices continues to be relatively positive - slower - than - expected growth in the EURO zone and in emerging economies, especially in China.
But as of now, OPEC just upset everyone's forecast for oil prices going forward.
She cited the fact that offshore projects are projected to account for just 3 per cent of total output in Canada by 2025, while the oil sands are forecast to represent more than 80 per cent.
OPEC's surprise deal means that oil watchers are going to have to go back to the drawing board and substantially revise up their forecasts for crude prices in 2017.
However, Syncrude's forecasted production for the full year remains within the annual guidance range, said Suncor, which holds the majority stake in the oil sands joint venture project.
«The oil market is looking for something a little more concrete than the forecasts.
«Lower oil prices are precipitating an upwards revised forecast for world demand,» Andy Lipow, president of Lipow Oil Associates LLC in Houston, told Bloombeoil prices are precipitating an upwards revised forecast for world demand,» Andy Lipow, president of Lipow Oil Associates LLC in Houston, told BloombeOil Associates LLC in Houston, told Bloomberg.
Not long ago, electric cars were curiosities — auto show novelties, toys for the rich, outliers in oil - demand forecasts.
The IEA revised up its forecast for oil demand growth this year, upping it to 1.6 million barrels per day (mb / d) from its July estimate of just 1.5 mb / d.
Instead, our central forecast is for underlying inflation to gradually rise over the next couple of years, and for headline inflation to increase a bit more quickly, boosted by increases in oil and tobacco prices.
The IEA reported that world oil supply fell by 720,000 bpd in August compared to July, while on the other hand, the agency revised up its forecast for oil demand growth this year to 1.6 million bpd from the previous estimate for 1.5 million bpd growth.
The real bubble was caused by the fact that the Alberta government's forecast for light oil was far above what the markets were predicting at the time based on the 3 year NYMEX strip used by Sproule Associates to forecast future oil prices.
In the graph below, you can see that we may be in line for more of the same, unless the market is wrong about oil futures, since the Budget 2013 WTI forecast again lies above the futures price.
Earlier this month, the International Energy Agency (IEA) revised upwards its forecast for oil demand growth this year to 1.6 million bpd from the previous estimate for 1.5 million bpd growth.
Oil price futures are best for forecasts up to 1 - year ahead.
OPEC on Wednesday raised its forecast for non-member oil supply this year to almost double the growth predicted four months ago as higher prices spur U.S. shale drilling, offsetting OPEC - led output cuts and a collapse Continue Reading
The global oil stocks surplus is close to evaporating, OPEC said on Thursday, citing healthy energy demand and its own supply cuts while revising up its forecast for production from Continue Reading
The changes to the forecasts for inflation over the years to June 2000 and June 2001 (excluding the effect of the GST) appear to reflect current and prospective developments in oil and tobacco prices as well as a modest increase in the assessment of underlying inflationary pressures.