Sentences with phrase «high costs of this oil»

Despite the high cost of the oil price crash, most residents of Fort McMurray, along with Canada's politicians, think that oil prices will rebound and things will turn around sooner or later.

He added: «The reality is that the Bank of England has little room to manoeuvre as the high cost of oil, food and wage demands continue to drive up inflation.»

One reason is the high cost of oil; a large container ship now burns more than $ 3 million worth of fuel in a 28 - day, round - trip transpacific voyage.

Because of the high costs of this oil, it can be used mixed with another oil, like sesame or almond.

After taxes, the high cost of oil, food, health insurance, and college tuition means that saving money is harder than ever.»

The high cost of oil hopefully will stay high keeping shipping costs high.

The high cost of oil, largely controlled by OPEC, makes biofuels the profit center du jour.

Not exact matches

Continental posted net income of $ 233.9 million, or 63 cents per share, compared with $ 469,000, or less than a penny per share, in the year - ago quarter, when oil prices plummeted - and the company's production costs were higher.

Yet with global growth declining, oil inventory at record levels, and momentum on the side of increasingly cost - competitive renewable energy technologies, there remains a high possibility the energy sector will face another existential crisis in the near future.

«The falling pound is driving up the price of imports and rising oil prices are being reflected in higher fuel costs,» he added.

The combination of higher oil prices and ultra-low borrowing costs would have caused the economy to overheat, driving annual inflation to 4 %, well outside the central bank's comfort zone of 1 % to 3 %.

Critics of the deal had expected Britain to try to renegotiate the price, which they say was set too high before oil prices fell, dragging energy costs lower.

Suncor Energy Inc., the world's second - largest oil - sands producer, said first - quarter profit fell 23 percent on lower output, higher costs and absence of a gain from insurance settlements a year earlier.

Western Australia's only onshore oil producer has suspended production after being hit by the low oil price and the high cost of trucking its output to Wyndham rather than the much closer port at Broome.

The spill also highlighted awareness of the risks associated with oil and gas production — sure, oilsands might have appeared relatively better as a result, but in absolute terms, they were easily portrayed as yet another example of the high costs and high risks associated with oil extraction.

After months of higher input costs for manufacturers, the simultaneous spike in food and oil prices is a double whammy that is now starting to hit consumers.

Analysts interpreted this move as an attempt to squeeze higher - cost producers, including U.S. shale oil, out of the market.

Crude - by - rail shipments are expected to ramp up in the second half of this year and into the first half of next year to «very material volumes of oil,» Pourbaix said, adding price discounts will improve but will likely remain higher than usual because rail costs more than pipeline transport.

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.

Given the high cost of shale oil production, it's questionable much marginal new U.S. production will be able to displace established Canadian oilsands supply while also replacing production declines in California, Alaska and the Gulf of Mexico.

The discount on western Canadian oil is more than enough to compensate for the higher cost of unconventional transport.

Russell told CNBC that the depreciation of the Malaysian currency has more than offset the benefits that cheaper oil have on the price of fertilizers, resulting in higher input costs for the tea grower.

These risks include, in no particular order, the following: the trends toward more high - definition, on - demand and anytime, anywhere video will not continue to develop at its current pace or will expire; the possibility that our products will not generate sales that are commensurate with our expectations or that our cost of revenue or operating expenses may exceed our expectations; the mix of products and services sold in various geographies and the effect it has on gross margins; delays or decreases in capital spending in the cable, satellite, telco, broadcast and media industries; customer concentration and consolidation; the impact of general economic conditions on our sales and operations; our ability to develop new and enhanced products in a timely manner and market acceptance of our new or existing products; losses of one or more key customers; risks associated with our international operations; exchange rate fluctuations of the currencies in which we conduct business; risks associated with our CableOS ™ and VOS ™ product solutions; dependence on market acceptance of various types of broadband services, on the adoption of new broadband technologies and on broadband industry trends; inventory management; the lack of timely availability of parts or raw materials necessary to produce our products; the impact of increases in the prices of raw materials and oil; the effect of competition, on both revenue and gross margins; difficulties associated with rapid technological changes in our markets; risks associated with unpredictable sales cycles; our dependence on contract manufacturers and sole or limited source suppliers; and the effect on our business of natural disasters.

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.

And right now doesn't seem to be the time to try to raise capital to extract some of the highest cost oil in the world.

Last November, the International Monetary Fund (IMF) commended the government of Mali's deficit reduction, praising GDP growth of more than 5 % arising from strong harvests and government spending, even as the cost of oil imports moved higher.

A Pembina Institute study from 2009 estimated the costs to reclaim what was then 686 square miles of oil sands developments and 170 square miles of tailings ponds would run as high as $ 15 billion.

The failure of high cost North American producers to cut production in an oversupplied world oil market is setting the stage for another leg down in oil prices.

Looking back at the cost gap figure above, the potential revenue generated by EOR is only about $ 50 - 60 / ton, and that is in the best plays under the assumption of high oil prices.

In the case of an oil spill cleanup, the costs are likely to be directly incurred by an insurance company, but the premiums paid for that insurance come at the expense of the value of the oil transportation service — the higher the expected clean - up costs from oil spills, the higher insurance premiums will be, and this will mean higher pipeline tolls, which in turn implies lower profits, taxes, and royalties on the products shipped.

With petrol prices last week climbing over 140p for a litre of unleaded fuel for the first time ever (according to Experian Catalist) and the cost of diesel lingering around record highs, sentiment towards the oil companies has unsurprisingly started to fall again.

The costs to develop the oil sands, a type of unconventional petroleum deposit, are much higher that developing conventional oil deposits.

Of course, oil means energy, which means that higher oil costs will translate into higher prices for just about everything, not just at the fuel pump.

While Basic Energy Service reemerged from bankruptcy at the end of last year with a more sustainable cost structure and improved balance sheet, it needs higher oil prices to thrive, because those prices will drive customer demand for its services.

High labor costs and the falling price of crude oil have contributed to the industry's dark days, but environmental activists can also take a bow.

The fallout from the failure of a high - profile international meeting over Iran's nuclear ambitions could be most felt in the cost of oil.

And the reason that the cost of storing oil is now so high is that there is a much - greater - than - normal amount of oil already in storage.

The reason that every man and his dog was not eager to do this trade is that the cost of storing oil is now so high that even a contango that represents a potential 40 % annualised return on a physical - futures arbitrage is not very profitable.

The strategy is designed to drive out higher - cost producers of heavy oil and shale, whose rapid development is squeezing Middle East crude out of the huge U.S. market and threatens to eat into its share of other lucrative growth markets.

This $ 5 difference does not imply that «the market» expects the price of oil to be $ 5 / barrel higher in December - 2016 than it is today; it implies that the cost of storing oil for the next 18 months plus the interest income that would be foregone (or the interest that would have to be paid) equates to about $ 5 / barrel.

Saudi Arabia is likely to continue its policy of maintaining high crude production, which keeps oil prices from rebounding until high - cost producers like U.S. shale frackers curtail output, Kilduff said.

However, due to the high costs of excavation, many of these methods are not financially sustainable at $ 30 - 35 per barrel oil prices, and may slow production or even shut down temporarily or permanently, because of low prices.

In a world of falling prices, however, it will be high cost production from shale formations and the oil sands, not the low cost conventional crude from places such as Saudi Arabia and Iran that will be hit the hardest.

Headline consumer price inflation across the region continues to be affected by the high cost of crude oil and other commodities.

Forget the fixed costs of development; just the operating costs of keeping a project online are significantly higher than the revenue that an oil sands producer would earn from selling their bitumen.

This will have a catastrophic effect on the oil industry through price collapse (an equilibrium cost of $ 25.4 per barrel), disproportionately impacting different companies, countries, oil fields and infrastructure depending on their exposure to high - cost oil.

Canada currently produces about four million barrels of oil a day but 61 percent of that volume comes from high cost and carbon intensive mining in the tar sands.

But in a major shift away from the previous Saudi - led policy of maintaining production to squeeze high - cost US shale - oil producers, OPEC countries agreed to target a lower level of 32.5 — 33.0 million barrels a day, although there was some skepticism about the absence of details on which members would curb output and by how much, which were delayed until the next meeting in November.

There is considerable variation in both the quality of and the ease with which a resource deposit can be extracted, so the most profitable strategy is to start with the high - quality, low - cost plays and, when these are exhausted, move on to deposits that are of lower quality and are more costly (think conventional oil fields vs. the oil sands).

The problem is that no matter how high the price of oil becomes, there will still be limits set by the cost of pumping.