Sentences with phrase «global crude oil»

Diesel prices have fallen to the lowest levels since mid-May, marking the seventh consecutive week without an increase as the global crude oil glut spills over into refined product... Read More

EIA projects that ending the export ban — which would allow shut - in domestic crude to access global crude oil markets — would spur more domestic production.

This study shows Brazilian sugarcane ethanol could displace up to 13 % of global crude oil consumption by 2045 whilst balancing forest conservation and future land demand for food.

This means that in order to sequester just a fifth of current CO2 emissions we would have to create an entirely new worldwide absorption - gathering - compression - transportation - storage industry whose annual throughput would have to be about 70 percent larger than the annual volume now handled by the global crude oil industry whose immense infrastructure of wells, pipelines, compressor stations and storages took generations to build.Technically possible — but not within a timeframe that would prevent CO2 from rising above 450 ppm.

Global crude oil production has plateaued since 2004 within a 5 % band.

Based on information and analysis about the North American crude transport infrastructure (particularly the proven ability of rail to transport substantial quantities of crude oil profitably under current market conditions, and to add capacity relatively rapidly) and the global crude oil market, the draft Supplemental EIS concludes that approval or denial of the proposed Project is unlikely to have a substantial impact on the rate of development in the oil sands, or on the amount of heavy crude oil refined in the Gulf Coast area.

Washington Post columnist Charles Lane argues that though gas prices have long been a political issue, gas prices are largely determined by global crude oil prices.

Inman misses another huge irony here: Hubbert's forecast for the peak of global crude oil was bang on, but its full impact was deferred by the very production technique he had helped develop 60 years earlier.

Add to this the terrible state of the economy that Buhari inherited, headlined by a collapse in global crude oil prices, our main export earner, and the rapacious emptying of the national treasury by previous governments, and you have a seething, discontented people.

In the light of the crash in global crude oil price, which is Nigeria's main foreign exchange earner, the devastating actions of aggrieved militants on oil and gas infrastructure in the oil - rich Niger Delta which has resulted in lock - in or leakages of crude oil, sometimes in excess of one million barrels that could have been exported daily, and the consequential rapid decline in the well - being of the masses, the urgency to fix the Nigerian economy by changing tactics from sole reliance on oil, becomes more poignant and urgent, hence the need for international experts to aid diversification efforts of the government.

On Wednesday, Saudi Energy Minister Khalid al - Falih said — after meeting with his Russian counterpart Alexander Novak — that OPEC and non-OPEC producers are committed to do «whatever it takes» to draw the global crude oil inventories down to their five - year average.

A surge in North American production made possible by technological revolutions contributed to a global crude oil glut that toppled prices from more than $ 100 a barrel in 2014 to under $ 50 today.

Global crude oil inventories had reached record highs, and the price of oil Continue Reading

The OPEC deal seems to finally be bearing fruit in the form of a sharp decline in global crude oil inventories.

Plunging global crude oil prices crimped 2015 earnings for China's trio of oil companies, according to their annual reports.

Even a 5 percent drop in demand for fuel in those countries would knock about 325,000 bpd from global crude oil consumption.

Not exact matches

NEW YORK, April 23 - Global benchmark Brent crude turned positive on Monday, after dropping earlier after Iran's oil minister said OPEC would not extend its production cap pact if high crude oil prices continued.

The long era of too much oil sloshing around the world and low prices is coming to an end, just as global events are heating up crude prices.

The net bullish position was equivalent to 1.411 billion barrels of crude and fuels - enough to satisfy global oil consumption for more than two weeks.

The general consensus among economists is that crude oil prices need to climb dramatically higher before threatening the global recovery.

The producers will review the deal at the next OPEC meeting in June to assess how it is impacting oil prices and global global crude stockpiles.

High demand for diesel and home heating fuel in particular means refineries are willing to pay more for crude oil, said Tom Kloza, global head of energy analysis at Oil Price Information Servioil, said Tom Kloza, global head of energy analysis at Oil Price Information ServiOil Price Information Service.

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.

U.S. crude imports are at a 16 - year low, reconfiguring the map of global oil trade.

World stock markets skidded further Wednesday as fresh declines in crude oil prices stoked fears for the health of the global economy.

The U.S. Department of Energy estimated «technically recoverable» shale oil resources of 345 billion barrels in 42 countries it surveyed, or 10 percent of global crude supplies.

Oil prices continued their months - long decline Monday, with the price of crude briefly falling below $ 50 per barrel for the first time in more than five years earlier in the session on account of global oversupply.

This trend has reversed in recent weeks, with larger discounts applied to global and Canadian heavy crude leading to bitumen prices remaining low while world oil prices have gained some of the lost ground.

CNBC's Jackie DeAngelis reports on the trading action in crude, as oil prices slide on global growth worries over demand.

fell by 75 cents to $ 96.75 a tonne, while Brent crude slipped below $ 111 a barrel on Monday morning on concern that a fragile global economy could curb oil demand.

A global glut in oil could put more downward pressure on crude prices, reports CNBC's Jackie DeAngelis.

Some analysts and U.S. oil producers fear Keystone XL will depress crude prices by adding to an already oversupplied global market.

Prices for crude oil, the world economy's most essential commodity, will need until 2020 to recover from the price war unleashed last year by Saudi Arabia, the International Energy Agency said Tuesday in its annual outlook for the global energy market.

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.

«The absence of adequate market access for crude oil out of Canada has repeatedly impeded equity valuations and is once again driving a wedge between the performance of Canadian investments and global alternatives,» it said.

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.

Our strategy is even more compelling against the backdrop of global demand growth for light sweet crude oil,» Muncrief added.

The U.S. dollar clung to gains amid fading concerns over a global trade war, while oil soared on a reported decline in U.S. crude inventories and the possibility of supply disruptions.

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.

Following the sharpest decline in crude oil prices in at least a century, as well as a six - year bear market in metals, the global environment could be ripe for a commodity rebound.

July 2016 Oil and Gas Prices Global crude markets showed resilience in June when both Brent and WTI rallied to a 2016 high above $ 51 / bbl, due to continuing outages in Nigeria and Canada, as well as a 1.7 % decline in U.S. production.

While the trade data had little impact on U.S. financial markets, concerns about weakening global demand pushed Brent crude oil prices to the lowest level in more than four years, dragging down U.S. stocks.

A more than 55 percent decline in crude oil CLc1 since last year has rippled through the global energy industry, forcing producers and their suppliers to make tough decisions.

While the re-balancing of global oil markets is progressing, record - high crude and gasoline inventories continue to put downward pressure on prices.

Despite declining global economic growth and increased natural gas production, Saudi Arabia and other oil - producing nations have managed to maintain the price of crude in the $ 90 - $ 100 range.

There were two principal drivers behind oil prices» performance: the 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.

Global oil prices, though, bottomed out last winter and the ensuing partial rebound in the crude market helped to restore support for oil stocks.

Signs of global economic turmoil are being seen from falling stock market and crude oil prices to the weakest Canadian dollar since 2004.

Crude oil prices fell more than 2 % on Friday after Goldman Sachs cut its crude forecasts, citing global oversupply and concerns over the Chinese economy, and after Saudi Arabia dismissed the idea of an oil producer suCrude oil prices fell more than 2 % on Friday after Goldman Sachs cut its crude forecasts, citing global oversupply and concerns over the Chinese economy, and after Saudi Arabia dismissed the idea of an oil producer sucrude forecasts, citing global oversupply and concerns over the Chinese economy, and after Saudi Arabia dismissed the idea of an oil producer summit.

The US oil - rig count plateaued near the highest level in three years and showed signs of declining in late March (to 797), though it still stood 50 rigs above the year - end 2017 total.2 This contributed to expectations for a further increase in American crude production, which has topped 10 mb / d each week since early February, when WTI prices began to recede from their intra-quarterly high of US$ 66.14 a barrel.3 The amount of crude in US storage occasionally exceeded weekly estimates given the higher domestic output and fluctuating net import figures, reigniting fears that US production may thwart OPEC's efforts to clear global oversupply.