Sentences with phrase «future by oil price»

What we end up with is a de facto governance of the future by oil price.

Not exact matches

«The business model of an oil and gas company in the future is going to have to be built around the abundance model, where your returns are not going to be made by commodity price increases,» says Munro.

Oil prices were steady on Thursday following a larger - than - expected increase in U.S. crude inventories: U.S. crude futures were higher by 0.04 percent at $ 67.96 per barrel and Brent crude futures for July delivery were flat at $ 73.36.

If the oil traders are right, they can make money by buying oil at today's spot price, selling a futures contract for delivery at the higher price expected in the future and storing the oil in the meantime.

The Panel excluded any discussion of the environmental impacts of oil sands development, although they did allow the consideration of increased oil prices generated by the pipeline on the taxes and royalties associated with forecast future oil sands production.

Sinclair attributes the higher prices to a combination of factors including «the effects of the production cutbacks by OPEC and non-OPEC foreign producers finally kicked in, not to mention speculative money going into crude oil futures.»

It also helps to empty stockpiles by encouraging traders to sell oil immediately, instead of storing it to take advantage of higher prices in the future.

They will find it difficult to handle any future crises caused by low oil prices.

By the early fall Goldberg noticed that the cash prices being paid for physical oil were significantly lower than even the suddenly weakening futures prices.

«I believe we are in for much greater volatility in oil prices for the foreseeable future and that's why you've seen Cenovus preserve cash by moderating our growth and reducing our workforce,» CEO Brian Ferguson said in announcing the job cuts.

If news breaks that a deal is in hand, oil prices will sink on the expectation of this future volume, potentially dropping by $ 5 to $ 10 per barrel.

Proposed carbon pricing legislation in the U.S. as well as low carbon fuel standards being adopted by California and other states could make many oil sands projects marginal or entirely uneconomic in future.

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.

The futures are designed to reflect the price of bitcoin without an investor having to physically hold the virtual currency, not unlike how oil, gold, copper or cocoa prices are determined by futures contracts.

* Market expects U.S. to re-impose sanctions against Iran * Plunging Venezuelan output further tightens markets * But soaring U.S. crude production holds back marketBy Henning GloysteinSINGAPORE, April 26 (Reuters)- Oil prices rose on Thursday, lifted by concerns over supply disruptions in Venezuela and theMiddle East as well as by strong demand.Brent crude oil futures were at 74.44 per barrel at0105 GMT, up 44 cents, or 0.6 percent, from their last close.UOil prices rose on Thursday, lifted by concerns over supply disruptions in Venezuela and theMiddle East as well as by strong demand.Brent crude oil futures were at 74.44 per barrel at0105 GMT, up 44 cents, or 0.6 percent, from their last close.Uoil futures were at 74.44 per barrel at0105 GMT, up 44 cents, or 0.6 percent, from their last close.U.S.

In addition, a widely used measure of future inflation based on US Treasury Inflation - Protected Securities, which had mirrored the slump in the price of oil and had fallen to its lowest level since the global financial crisis by early February, rebounded in line with the pickup in oil prices.

For example, if a large speculator who was very bullish on oil bid - up the price of the December - 2016 oil contract from $ 64 to $ 70, it would create an opportunity for other traders to lock - in a profit by purchasing physical oil and selling the December - 2016 futures with the aim of delivering the oil into the contracts late next year.

For another example, if a large speculator who was very bearish on oil aggressively short - sold the December - 2016 oil contract, driving its price down from $ 64 to $ 60, it would create an opportunity for other traders to lock - in a profit by selling physical oil and buying the December - 2016 futures with the aim of eventually replacing what they had sold by exercising the futures contracts.

Brent crude, used to price many kinds of oil imported by U.S. refineries, was up 75 cents to $ 110.77 on the ICE Futures exchange in London.

As an example, airlines are well known to protect themselves against significant rises in crude oil prices, by buying a futures contract today with a specified price and delivery date in the future, on the assumption that oil prices will be on the rise over the period in question.

Despite worries about the future of the resource sector, Edmonton still expects its economy will grow by as much as 4.5 % this year and stands to benefit even more if oil prices firm up.

The investment seeks to replicate, net of expenses, the daily changes in percentage terms of the spot price of Brent crude oil as measured by the changes in the price of the futures contract on Brent crude oil as traded on the ICE Futures Exfutures contract on Brent crude oil as traded on the ICE Futures ExFutures Exchange.

The Shanghai International Energy Exchange, a unit of Shanghai Futures Exchange, will be known by the acronym INE and will allow Chinese buyers to lock in oil prices and pay in local currency.

Front - month West Texas Intermediate crude oil futures were priced at over $ 100 per barrel in June 2014 and had plunged to less than $ 35 per barrel by March 2016.

United States Oil Fund (USO), for instance, tries to track the spot price of light, sweet crude oil by buying oil - futures contracOil Fund (USO), for instance, tries to track the spot price of light, sweet crude oil by buying oil - futures contracoil by buying oil - futures contracoil - futures contracts.

In all the three cases, the soya oil manufacturer is able to get his desired buy price, by using futures contract.

The increments offered by ANWR and offshore are useful but aren't going to do much to bring down the price of oil or lessen our dependence on the Saudis and Russians — certainly not now, and probably not much in the future, when those increments come online and do little more, probably, than offset declines in older American fields.

Today, the House Energy and Commerce Committee should be holding a hearing on advancing America's, and the world's, energy future by initiating a sustained quest to break the economic shackles imposed by enduring dependence on oil (that doesn't involve using 40 percent of our corn crop to produce ethanol in a world facing food price spikes).

The problem with this concept is that even if oil and gas prices are likely to increase in the future, thus increasing federal revenues from oil and gas leases on public lands, any such revenue coming from areas already open to production will be considered by CBO as already included in the baseline revenue picture.

The first - of - its - kind proposal asked Chevron to increase dividend payments to shareholders instead of spending so much on unconventional oil, tar sands and other projects that could be rendered unprofitable by future climate policies or a related drop in oil prices.

Proposed carbon pricing legislation in the U.S. as well as low carbon fuel standards being adopted by California and other states could make many oil sands projects marginal or entirely uneconomic in future.

«Our past, present and future environmental management actions — including the fact that Alberta already has a price on carbon and was the first place in North America to legally require all large industry to curb emissions — are unmatched by any oil producing region in the world,» Premier Alison Redford said in a companion statement.

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For the measures with wider deviations, many factors contribute to differences between the AEO Reference case projections and realized outcomes, but two primary contributors are the initial projections of future oil prices and overall economic activity that are used in NEMS.5 These projections can greatly influence the other projections made by the model, which is why each recent AEO includes alternative cases exploring differences in economic growth (Low and High Economic Growth cases) and in oil prices (Low and High Oil Price caseoil prices and overall economic activity that are used in NEMS.5 These projections can greatly influence the other projections made by the model, which is why each recent AEO includes alternative cases exploring differences in economic growth (Low and High Economic Growth cases) and in oil prices (Low and High Oil Price caseoil prices (Low and High Oil Price caseOil Price cases).

The energy sector -LRB--2 %) sank alongside the price of crude oil after U.S. crude stockpiles increased by 1.6 M barrels last week, with WTI May crude futures slipping 1.3 % to $ 64.38 / bbl.