Sentences with phrase «fuel oil markets»

Background: Provides a brief overview of the electricity, natural gas, and fuel oil markets in Pennsylvania, including recent actions and future opportunities regarding energy efficiency and demand response.

Not exact matches

LONDON, April 25 (Reuters)- Oil eased on Wednesday, but held in sight of three - year highs reached the previous day, as rising U.S. fuel inventories and production weighed on an otherwise bullish market.

The oil market is really multiple sub-markets for crude, fuels, refining, services, engineering, construction, drilling, skilled labour, steel, raw materials etc..

LAUNCESTON, Australia, April 30 (Reuters)- The term «demand destruction» is again entering the lexicon of the current crude oil market as the sharp rise in prices raises concerns about when do consumers start cutting back on their fuel consumption.

The banks says the long - oversupplied oil market is tightening up more quickly than expected as global economic growth fuels demand and output cuts by OPEC, Russia and several other producers eat into the world's crude stockpiles.

LONDON, April 25 (Reuters)- Oil edged higher on Wednesday, nearing three - year highs reached the previous day, as rising U.S. fuel inventories and production weighed on an otherwise bullish market.

Suncor provides a good, diversified example of the sector — Suncor markets oil sands products from a variety of operations, both mining and in situ operations, and sells both diluted bitumen and synthetic products including diesel fuel.

«While we are seeing solid U.S. fuel margins year to date, this quarter's results were negatively impacted by volatility in the crude oil market, particularly in the southwest US,» he said in a news release.

But that volatility, as Ghosh likes to note, is the upside of the integrated nature of the company, which gives it a continued hedge against the differential in world oil prices through its downstream and midstream assets — on the midstream side, Husky operates a 2,000 - kilometre crude - oil pipeline system, and its downstream operations include upgrading and refining crude oil, and marketing gasoline, diesel, jet fuel, asphalt and ethanol in Canada and the United States.

1) China's emergence as a dominant player in the low - carbon market, 2) global oil majors» shift to renewable energy, 3) big corporate brands moving to 100 % renewable power, 4) the rise of electric vehicles and expiration dates for gas - fuelled cars, and 5) energy getting smarter through digitization.

Oil prices slipped on Friday as the market refocused on a persistent fuel supply overhang that is not expected to abate.

As WTI enjoys the first meaningful price rise since this spring, and a day after the API injected further optimism in markets by reporting a 761,000 - barrel draw in U.S. crude oil inventories, the EIA added fuel to the celebratory mood.

The Downstream segment comprises refining of crude oil into petroleum products; marketing of crude oil and refined products; transporting of crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives.

The oil market is having a stellar month, continuing a rally fueled by stronger demand and expectations of bigger output cuts.

For airlines it also affects things like average seat prices (eg Ryanair, which has large exposure to UK market but reports in euros), and fuel costs, as oil is priced in dollars.

This regional market has pipelines running both in and out of it, and oil is used by refineries within the region to produce gasoline, diesel fuel and other products.

Healthy demand growth for fuel not only in emerging economies led by China and India, but also in Europe, is helping global inventories to draw down faster now, keeping the oil market on the right track towards rebalancing, according to industry executives who spoke at a conference on Tuesday.

Furthermore, efforts at oil giant Royal Dutch Shell RDS.A, +0.62 % to move beyond fossil fuels into low - carbon energy is as much driven by the growth potential of alternative energy markets as a concern for global warming.

Bank revenues from commodities trading have soared since 2003, fueled by increasing global demand from emerging markets like China and India, requiring more oil, metal and raw materials.

As was the case last week, fueling the sell - off was another dose of disappointing inventory data, which is confirming the market's worst fear that the oil glut isn't going away as quickly as hoped.

The United Arab Emirates» energy giant is seeking to boost profitability and gain access to new markets during a period of prolonged low oil prices that has piled pressure on nations dependent on revenue from fossil fuel.

Oil prices extended losses on Monday, falling to near $ 78 a barrel, as Europe's debt crisis roiled markets and falling personal incomes in the U.S. suggested slack demand for fuel.

Crude oil's secular bear market trend matches up very well with the underlying transition process from fossil fuels to alternative energy.

Specifically related to oil, notwithstanding a fuel price environment today that is well below the 15 - year average, the value proposition for our airplanes remains a compelling one, and we have seen airlines in the past efficiently adjust to similar market conditions.

Beyond the impact of lifted sanctions, the slowdown in global growth, the strength of the US shale industry and the global glut of oil supply (a surplus estimated at one million bpd) continue to fuel the downward spiral of the market.

Mr. Awuah Darko said, after heeding to this request for months, their attention was drawn to the fact that, they were not an Oil Marketing Company (OMC) and so they could not supply fuel directly to the aforementioned institutions.

Ghana allegedly lost about GHc 7 million in revenue following attempts by the Bulk Oil Storage and Transportation Company Limited (BOST) to sell contaminated fuel to some oil marketing companiOil Storage and Transportation Company Limited (BOST) to sell contaminated fuel to some oil marketing companioil marketing companies.

Managers of Oil Marketing Companies (OMCs) operating in the Northern Region have backtracked on their decision to shut down their fuel stations in protest of recent attacks by robbers, after a meeting with the Northern Regional Security Council (REGSEC).

«To the point where competition among the Oil Marketing Companies remains high, market price for both Brent crude and refined oil dropping in average price terms, added to the appreciation of the Cedi against the U.S. dollar, and increasing national fuel stock; the Institute for Energy Security (IES) believe that there is enough positive momentum and fundamental justification to move the prices of Petrol and Diesel lower on the local market,» IES said in a release signed by Gilbert Richmond Rockson, Principal Research AnalyOil Marketing Companies remains high, market price for both Brent crude and refined oil dropping in average price terms, added to the appreciation of the Cedi against the U.S. dollar, and increasing national fuel stock; the Institute for Energy Security (IES) believe that there is enough positive momentum and fundamental justification to move the prices of Petrol and Diesel lower on the local market,» IES said in a release signed by Gilbert Richmond Rockson, Principal Research Analyoil dropping in average price terms, added to the appreciation of the Cedi against the U.S. dollar, and increasing national fuel stock; the Institute for Energy Security (IES) believe that there is enough positive momentum and fundamental justification to move the prices of Petrol and Diesel lower on the local market,» IES said in a release signed by Gilbert Richmond Rockson, Principal Research Analyst.

Some powerful state actors are involved in the recent $ 5 million litres contaminated fuel which was reportedly offloaded by the market at the Bulk Oil Storage and Transportation Company (BOST).

Guided by the fundamental indicators such as rise in price of Gasoline, Gasoil and Brent crude on the international oil market, the country's fuel stock as well as the fair - stability of the country's local currency against the U.S. Dollar; the Institute for Energy Security (IES) sees fuel prices primed to rise again on the local market by up to 2.5 %.

IES - Market scan indicates Zen Petroleum, Benab Oil, Pacific, Lucky Oil and Frimps Oil lead the chart of Oil Marketing Companies (OMCs) selling the cheapest fuel per litre at the pump.

Furthermore, with Iran's oil also up in the market and expected to be ramped up systematically, compounded by the melt down in demand being fueled by the crisis in China, crude prices are facing more pressures.

The Managing Director of the Bulk Oil Storage and Transportation Limited (BOST), Alfred Obeng Boateng, has been cleared of any wrongdoing in the release of off - spec fuel onto the market.

Citi News gathered earlier this week that, at least 200 liters of premix fuel had been diverted by Oil Marketing Marketing Companies that claimed to supply the product outside Accra, but ended up supplying mostly within Accra for industrial purposes at a higher cost to make more profit.

The oil market, along with bank speculation in oil, is keeping the international price of crude oil dangerously high - oil is now so ludicrously expensive in fact that even if the Chancellor DID cut fuel duty, families would barely feel it in their pockets.

The Association of Premix Distributing Oil Marketing Companies has also added its voice to calls for the arrest and prosecution of persons said to have diverted to other areas, premix fuel meant for fishermen across the country.

As a result of the scandal, the Energy Minister stated that private firms were no longer allowed to lift contaminated oil from BOST as part of interim measures to prevent the supply of contaminated fuel onto the Market.

If the government failed to do so,» all offices, oil production centres, air and sea ports, fuel stations, markets, banks, amongst others will be shut down» from Monday 9 January, it said.

The country is said to have lost about GHc 7 million in revenue following attempts by the Bulk Oil Storage and Transportation Company Limited (BOST) to sell contaminated fuel to some oil marketing companiOil Storage and Transportation Company Limited (BOST) to sell contaminated fuel to some oil marketing companioil marketing companies.

But by 1900, production had reached 60 million barrels annually as world markets replaced wood and whale oil with petroleum and coal as the fuels of choice.

In the uncertain, often volatile oil market, it is difficult to predict long - term fuel costs, and more specifically, costs at the time of the voyage.

In the uncertain, often volatile global oil market, it is difficult to predict long - term fuel costs and, more specifically, costs at the time of the trip.

Many owners and managers also worried about market volatility around natural gas pricing compared with prices for residual oil, which they knew to be stable and historically less expensive than other fuels.

Trump has also promised to «lift restrictions on the production» of shale, oil, natural gas and clean coal — such a move would increase the market share of fossil - fuel power, and could drive emissions up.

If such developments were to occur elsewhere, either because of shale gas or the advent of a truly global natural gas market, then, according to our analysis, this could have a major impact on the use of different fuels — oil, gas, coal, renewables, and nuclear.»

The oil companies do have control of the liquid fuels market, however — so at the end of the day, what the biofuel folks are looking to do is to take market share away from probably the most powerful industry in America, and arguably in the world.

$ 8 billion) over first ten years for deficit reductionObeys PAYGO; Starting in 2026, 25 % of auction revenues for deficit reductionFuels and TransportationIncrease biofuels to 60 million gallons by 2030, low - carbon fuel standard of 10 % by 2010, 1 million plug» in hybrid cars by 2025, raise fuel economy standards, smart growth funding, end oil subsidies, promote natural gas drilling, enhanced oil recoverySmart growth funding, plug - in hybrids, raise fuel economy standards $ 7 billion a year for smart growth funding, plug - in hybrids, natural gas vehicles, raise fuel economy standards; offshore drilling with revenue sharing and oil spill veto, natural gas fracking disclosureCost ContainmentInternational offsetsOffset pool, banking and borrowing flexibility, soft price collar using permit reserve auction at $ 28 per ton going to 60 % above three - year - average market price» Hard» price collar between $ 12 and $ 25 per ton, floor increases at 3 % + CPI, ceiling at 5 % + CPI, plus permit reserve auction, offsets like W - MClean Air Act And StatesNot discussedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade suspended until 2017, EPA to set stationary source performance standards in 2016, some Clean Air Act provisions excludedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade pre-empted, establishes coal - fired plant performance standards, some Clean Air Act provisions excludedInternational CompetitivenessTax incentives for domestic auto industryFree allowances for trade - exposed industries, 2020 carbon tariff on importsCarbon tariff on importsReferences: Barack Obama, 2007; Barack Obama, 8/3/08; Pew Center, 6/26/09; leaked drafts of American Power Act, 5/11/10.

Posted on 23 April 2018 in Electric (Battery), Forecasts, Fuel Efficiency, Market Background, Oil Permalink Comments (0)

Then there's the low price of oil, and the typically higher price for a gallon of diesel fuel versus a gallon of gas, which Nicholson acknowledges can make diesels a tough sell in our market.