Sentences with phrase «from high oil prices»

Another culprit is the Chinese government: On one side, it asks automakers to make more efficient vehicles, but on the other it «has tried to shield farmers and the urban poor from high oil prices by freezing pump prices for gasoline and diesel, keeping them among the world's lowest.

But since the price of oil is determined in the world market, this could not insulate the U.S. economy from high oil prices.

The damage extends beyond the oil business to green energy companies, which have benefited from high oil prices in the last decade, and lenders to oil companies, who feel the effects of increased credit risk.

Meanwhile, sovereign wealth funds in the UAE, Kuwait and Qatar are flush with cash from high oil prices and are on the lookout for attractively priced European assets.

For reasons I'll get to later, there seems to be a concerted effort to convince Canadians that almost no - one outside Alberta is seeing any economic benefits from high oil prices.

April 30 - Whiting Petroleum Corp reported first - quarter profit that beat Wall Street estimates on Monday as the U.S. oil producer benefited from higher oil prices and production.

«In addition, the group bought back a further $ 300 million of shares to return to shareholders part of the benefit realized from higher oil prices,» Pouyanne said.

April 30 - Whiting Petroleum Corp reported first - quarter profit on Monday compared with a year - ago loss as the U.S. oil producer benefited from higher oil prices and lower costs.

April 30 (Reuters)- Whiting Petroleum Corp reported first - quarter profit that beat Wall Street estimates on Monday as the U.S. oil producer benefited from higher oil prices and production.

April 30 (Reuters)- Whiting Petroleum Corp reported first - quarter profit on Monday compared with a year - ago loss as the U.S. oil producer benefited from higher oil prices and lower costs.

The extraordinary cost reductions achieved by North American oil and gas companies have likely reached their limit, and any boost in profitability for much of the U.S. shale and Canadian oil sands industries will have to come from higher oil prices, according to a new report from Moody's Investors Service.

However, the Canadian dollar is expected to see minimal benefit from higher oil prices: a U.S. Federal Reserve interest rate hike is likely in the first half of 2017, which would bolster the U.S. dollar, while the Bank of Canada is expected to hold steady on rates.

As the biggest station operator and supplier of natural gas for transportation in the U.S., the company should benefit from higher oil prices and more focus on reducing emissions likely to drive many truck operators to consider this new engine.

While the inflation impact from higher oil prices and commodity prices in general, continue to pump up inflation expectation and push bond yields higher, keep in mind that much of the recent spike in Yields is about as much about supply as it is about inflation.

This is a strategy that will benefit moderately from higher oil prices, and will see refinery profits shoot through the roof when oil gets cheap.

As pointed out in the January monthly report, the Fund holds four stocks that should benefit indirectly from a higher oil price.

Not exact matches

Steven Cook, senior fellow for Middle East and Africa Studies at the Council on Foreign Relations, said higher oil prices lessen all the worries from 2015 and 2016 about the Saudi government's ability to maintain its commitments, but the consolidation of power in the hands of the Crown Prince also is significant for the market and investors as his reform program is widely regarded as critical for Saudi Arabia's future prosperity.

It comes as little surprise then that Saudi Arabia and Iran — apart from the tense regional archrivalry — are reportedly at odds over where to go next with the OPEC deal, and how high an oil price the cartel should target.

Then, higher oil prices could also spur more production from areas outside the hottest U.S. shale play.

Oil prices look to have climbed to unsustainable levels and could soon start to fall away from multi-year highs, BP's CFO told CNBC Tuesday.

Gains in oil and base metals prices have helped push the Australian share market higher, which is getting support from the energy, mining, and retail sectors.

According to Dan Nathan of RiskReversal.com, selling put options is a good way to collect a high premium from investors who are worried oil prices will fall even further.

That's an increase of a little over 35 % from where it was trading four years ago, when oil prices were three times higher.

The TSX got some lift from the energy sector with oil prices at a 15 - month high.

Already, oil producers worldwide are benefiting from higher prices.

«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.

High - end residential property prices in Perth have weakened considerably since the iron ore construction boom ended and oil prices collapsed, although these two negative events are slowly slipping from the headlines and being replaced by positive changes.

The NOCs are being approached by lawyers and investment bankers not just from Calgary but from Houston and Melbourne too, seeking patient capital for long - timeline projects while equity prices for energy companies have been steadily sinking on stock markets despite the high price of oil.

Oil prices slipped away from 2018 highs on Thursday, with global benchmark Brent trading at $ 71.15 in early afternoon deals, down 0.8 percent, and WTI trading at $ 66.38, around 0.6 percent lower.

If it keeps up and if the U.S. withdrawal from the Iran nuclear deal becomes a reality, WTI oil prices will head higher, upwards of $ 70 - plus.

In the October report, there were five: stronger - than - expected U.S. growth; higher - than - expected oil prices; the possibility that weak business investment had altered the economy's potential; slower growth in less advanced economies such as China; and a tilt to saving from spending by Canada's heavily indebted households.

U.S. airline stocks hit a 13 - year high this week as they gained momentum from lower oil prices and increased travel spending by Americans in an improving economy.

Although much of the recent drop in oil prices has been due to the prospect of higher exports from Iran in the coming months (the International Energy Agency forecasts an extra 300,000 barrels a day by the end of March), the dumping of stored oil is essentially a short - term factor, and its influence on crude prices should logically pass quite quickly.

Ominously, today's oil prices are well below the 2008/2009 lows, now down more than 75 % from their highs just 18 months back.

The price of a barrel of West Texas Intermediate (WTI), a benchmark for so - called light sweet crude oil, tumbled from its June high of $ 108 to a low in January of $ 44.

Oil prices eased from recent highs with Brent crude futures off 94 cents at $ 73.70 a barrel, while U.S. crude lost 67 cents to $ 67.43.

All the while, the industry thrived financially under a combination of high oil prices, low natural gas prices (a major input cost), recession - induced relief from cost inflation and a reduced cost of capital as majors and foreign national oil companies gobbled up wobbly juniors.

China's Sinopec, Asia's largest refiner, plans to cut Saudi crude oil imports loading in May by 40 percent after national oil company Saudi Aramco set higher - than - expected prices, an official from the company's trading arm Unipec said.

The 2015 budget deficit had to be revised to 3.2 percent of GDP from 3 percent after crude oil prices plunged, but that's down from a high of 6.7 percent in 2009 during the Global Financial Crisis, Maybank noted.

Even if prices are expected to rise by the end of the year since high oil prices will no longer appear in the data, the number will be far from the «below but close to 2 %» target.

Expensive oil made sense only because of the longest period ever of high oil prices in real dollars from late 2010 until mid-2014.

High oil prices in 2007 and 2008 were due to a large and persistent production supply deficit because of high demand from China and the Far East, and dwindling supplies following the peak of conventional oil production in 2005 (Figures 15 and High oil prices in 2007 and 2008 were due to a large and persistent production supply deficit because of high demand from China and the Far East, and dwindling supplies following the peak of conventional oil production in 2005 (Figures 15 and high demand from China and the Far East, and dwindling supplies following the peak of conventional oil production in 2005 (Figures 15 and 17).

Demand destruction followed periods of high oil prices from 1979 - 1981 (Iran - Iraq War) and from 2007 - 2008 (demand growth from China).

U.S. stocks traded sharply higher on Tuesday on continued momentum from strengthening oil prices and encouraging developments in the Euro zone.

The recent surge in growth in North American non-conventional oil production, whether it's light oil from North Dakota or the heavy stuff that comes out of Alberta's oil sands, is made possible by high oil prices, which are in turn linked to world demand remaining robust.

Global oil prices, meanwhile, are quietly testing one - month highs ahead of next week's OPEC meeting in Vienna, where ministers from the cartel's members are widely expected to extend and agreement on production cuts into the first quarter of 2018.

Not long ago it wasn't that uncommon to see a US president fly to Saudi Arabia to plead for more production and relief from the economic yoke of high oil prices.

As for consumers, it bears asking whether they're really any better off paying high prices for oil that's pumped close to home versus crude that's imported from overseas.

NEW YORK, April 20 Prices for heating oil and diesel fuel traded on the U.S. East Coast are scaling multimonth highs, bolstered by unusually cold weather across the country and a surge in export demand, particularly from Brazil and Canada.

At the time, Mark Zandi, chief economist at Moody's Analytics, estimated higher oil prices had chopped 0.5 percentage points from growth in the first quarter.