Sentences with phrase «for oil supply»

«It is increasingly clear that the outlook for oil supply signals a period of unprecedented scarcity.»

The proposed KXL pipeline provides a lower - cost route to market for oil supply than existing rail freight.

I must take a moment to remember the oil crisis of 1973 when the Arab nations cut off sales of it to us, since we are now recommitted to continuing our dependence on nations that really dislike us, for our oil supply.

China has steadily increased its Brazilian energy sector investments, including last year's $ 10 billion loan to Petrobras, Brazil's state - controlled oil company, in exchange for oil supplies.

Not exact matches

NEW YORK, April 27 - Oil prices slipped on Friday, with Brent on track for its third week of gains amid supply concerns should the United States reimpose sanctions on Iran.

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.»

NEW YORK, April 27 - Oil prices were little changed on Friday, with Brent on track for its third week of gains amid supply concerns should the United States reimpose sanctions on Iran.

SINGAPORE, April 24 - Brent crude oil rose for sixth day on Tuesday, passing $ 75 a barrel, on expectations that supplies will tighten because fuel is rising at the same time the United States may impose sanctions against Iran and OPEC - led...

But for several years, companies in southern Louisiana, where his business is located, have suffered along with the oil industry, which is affected by changes in global oil supplies and technologies like fracking.

European nations, in particular, rely on unpredictable and difficult suppliers for their oil and urgently need to stabilize that supply situation.

Canada supplies about US$ 66 million of pipe annually to the U.S. for use in oil and gas pipelines.

«The bottom line is they're committed to holding back supply from the market, which combined with the continued decline of PDVSA in Venezuela is going to make for higher oil prices,» said Kilduff.

At the time, oil supplies for OECD nations had surged to near 400 million barrels above their five - year average, and were still running at about 300 million barrels above the average at the end of 2016.

OPEC said Monday it expects demand for oil to grow faster than it originally expected in 2018, but the organization also sees supplies from beyond the producer group surging this year, driven by rising U.S. output.

As we near peak summer driving season, American consumers would have worried a generation ago that such a meeting would be an impetus for a pullback in production, with oil exporters aiming to raise prices by limiting supply.

The north is well aware that even in the crude terms of oil and supplies, it almost certainly lacks the funds to pay for any kind of sustained military campaign, despite having one of the world's largest standing armies.

According to Brent Thompson, who heads Cushing's chamber of commerce, oil was discovered in the area in the 1930s, and those wells were responsible for supplying much of the U.S. military's needs during the Second World War.

«Increasing the number of transportation options and markets for Canada's oil supply will lead to higher netbacks for all Canadian producers.»

Since 2011, the rail industry has voluntarily adopted tougher safety standards for all new cars, but with literally only a handful of tank car - makers in North America and a huge boom in oil - by - rail shipments, demand far outstrips supply.

Oil supply concerns are greater for Europe, where crude prices have jumped even higher due to the region's larger energy reliance on MENA.

«With so much supply landlocked, Canadian oil prices are taking a serious hit,» Casey Research energy analyst Marin Katusa wrote in a late June investment note that estimated that Western Canadian Select, a heavy crude, was trading for a whopping US$ 23 less than WTI; a gap 30 % larger than the average differential between 2006 and 2010.

This supplier of tech, services, and products for the oil and natural gas industry operates in the Americas, Europe, Russia, Africa, the Middle East, and Asia Pacific.

For most of oil's history, someone has tried to regulate supply to stabilize the price because neither industry nor governments enjoy volatility in a commodity that is the lifeblood of modern civilization.

Brennock said U.S. imposed sanctions on the oil - dependent state's crude industry would force Caracas to offer steep discounts in a desperate search for new buyers and also leave the country reeling with the prospect of supply restrictions of vital diluents.

Oil dipped on Monday as soaring North American production was seen undermining efforts led by OPEC and Russia to tighten supplies, but prices were still on track for their strongest start to the year in five years.

CNBC's Jackie DeAngelis reports on the turnaround in oil prices as crude flirts with $ 31 a barrel and OPEC calls for supply cuts.

Or will this be more like 1986 — an eerily familiar scenario in which an OPEC decision to keep pumping oil after a flood of new supply ended up tanking prices for years?

In January energy specialists Wood MacKenzie analyzed its database of 2,222 oil - producing fields around the world and found that a mere 0.2 % of the world's supply would be operating on a cash - negative basis at $ 50 per barrel for Brent.

The pipeline or any other way to bring Western Canadian Crude to Tex refiners would speed up oil extraction in Alberta and increase world supplies, which would bring down oil prices for all Americans, by about a dollar a barrel according to Levi.

The oil - exploration rush in nearby Indonesia has been beneficial for Singapore, which now supplies much of the equipment used in offshore drilling.

LONDON, May 3 - Oil prices slid lower on Thursday as swelling U.S. crude inventories and record weekly U.S. production offset concerns over OPEC supply cuts and the potential for new U.S. sanctions against Iran.

What's more, any uptick in oil prices will likely incentivize non-OPEC countries, for instance, U.S. shale producers, to pump up supplies.

Alberta's unconventional oil reserves are big enough to meaningfully increase world oil supplies — and lower crude prices for everyone — if they're fully developed.

Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).

Raitt's three - year timeline to fully dispose of older DOT - 111A tankers (and immediate phase - out of 5,000 of the most vulnerable cars) is going to be a difficult one to meet given the existing capacity for suppliers to build new tankers, as well as the desire of oil and gas companies to continue the exponential increases in oil - by - rail shipments into the future.

LONDON, May 3 (Reuters)- Oil prices slipped on Thursday as swelling U.S. crude inventories and record weekly U.S. production clashed with OPEC supply cuts and the potential for new U.S. sanctions against Iran.

NEW YORK, April 27 (Reuters)- Oil prices slipped on Friday, with Brent on track for its third week of gains amid supply concerns should the United States reimpose sanctions on Iran.

Back when he was an oil shop owner he would source his supplies from a supplier called Din Mei Oils, and at an even earlier stage in his life he was a deliveryman for a store called Heng Tai Fung.

LONDON, May 3 - Oil prices slipped on Thursday as swelling U.S. crude inventories and record weekly U.S. production clashed with OPEC supply cuts and the potential for new U.S. sanctions against Iran.

Previously, she was the energy reporter for CNBC, covering issues surrounding energy including oil and gasoline pricing, supply - and - demand and the large corporations behind these issues.

For example, McDonald's says it will eliminate food and products that lead to deforestation from its global supply chain, as well as use sustainably - grown beef, palm oil, fiber and coffee.

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 Iraq.

For the past two years, OPEC's pump - at - will policies have flooded the market with cheap supply, causing economic pain for producers with higher cash costs, including those involved in fracking, the Canadian oil sands and deepwater drilliFor the past two years, OPEC's pump - at - will policies have flooded the market with cheap supply, causing economic pain for producers with higher cash costs, including those involved in fracking, the Canadian oil sands and deepwater drillifor producers with higher cash costs, including those involved in fracking, the Canadian oil sands and deepwater drilling.

For oil prices, the phase change was caused mostly by the growth of a new source of supply from unconventional, expensive oil.

For oil producers, the supply conditions look even worse.

After all, the catalysts for the volatility we saw in January and February are still here: excess supply putting pressure on oil prices, disappointing earnings, and slowing global growth.

China is becoming a key market for global oil exporters as surging output from shale fields from Texas to North Dakota allows the U.S., the biggest crude consumer, to rely less on overseas supplies.

Among other things, my track record on predicting rising oil prices demonstrated that the traditional laws of supply and demand were no longer working for one of the economy's most basic and essential commodities.

This also poses a sort of double jeopardy for Alberta's energy sector, whose industrial and political leaders have long maintained that any oil sands supply bottlenecks created by insufficient pipeline capacity would be offset by higher rail traffic.

The paper's authors apply a simple model of the world oil market to reach their conclusions, which are driven by the potential for the pipeline to increase global oil supply, thus lowering oil prices and increasing consumption.