Sentences with phrase «high price of oil»

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It's hot today due in part to horizontal drilling technology but mostly due to the high price of oil.

Now Americans and others less wealthy are being «screwed» by the high price of oil.

And it is now cost - effective thanks to the high price of oil.

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

The high price of oil contributed as fuel is the largest expense for a shipper.

Lagos, Nigeria, experienced the same, benefiting from the high price of oil.

They were headed for $ 1.40 per litre back in 2012 when the author of The End of Growth published his warning that the high price of oil would soon halt the economic expansion we had taken for granted for decades.

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.

Irwin Michael, founder and president of Toronto's ABC Funds, says that energy companies are «very cheap» and not reflecting the still high price of oil.

A large part of this rise in export earnings reflected the higher price of oil and the resumption of production at a number of oil fields on the North - West Shelf.

We don't believe this higher price of oil reflects a long - term market - clearing price and, for that reason, we value oil stocks using an assumption thatoil prices will fall.

In the United States and elsewhere, the only way to escape the ever - higher price of oil in the future, the experts agree, will be to use less of it.

Not exact matches

Brent oil prices eased off four - month highs of just over $ 75 a barrel set on Monday on worries that Trump may pull out of the 2015 Iran nuclear deal and thus bring back sanctions on its oil output.

The price of oil has risen to its highest since late 2014 this month, driven by concern over the potential for disruption to Iranian crude flows, but analysts say the degree of uncertainty hanging over the deal means the market is extremely sensitive to any developments.

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.

NEW YORK, May 1 (Reuters)- Oil prices slid more than 1 percent on Tuesday as the dollar remained near a four - month high, but worries that U.S. President Donald Trump will pull out of the Iran nuclear deal underpinned the market.

The higher the oil price the Saudis (or OPEC) target and possibly reach, the more areas in the U.S. would be profitable to drill and add to the global oil supply, potentially wiping out the effect of the cuts and depressing oil prices again.

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.

NEW YORK, April 24 - Oil prices were little changed on Tuesday after Brent hit its highest level since November 2014, supported by strong demand, OPEC - led production cuts, and the prospect of renewed U.S. sanctions on Iran.

SINGAPORE, April 24 - International oil prices hit their highest levels since late 2014 on Tuesday, pushed up by expectations of renewed U.S. sanctions against Iran and as OPEC continues withholding supplies amid strong demand.

TORONTO — The Toronto stock market closed higher as energy stocks advanced while oil prices hit a 16 - month high and traders took in a mixed batch of U.S. earnings.

For the full year, Exxon reported profits of $ 19.71 billion, its highest annual earnings since the start of an oil price slide in 2014, when it earned $ 32.52 billion.

Nonetheless, Saudi Arabia's economy is still largely predicated on oil and, with oil prices rising on the back of Saudi - led OPEC and non-OPEC producers curbing oil supply, the kingdom's finance minister said he welcomed higher prices but they would not affect spending limits.

The price of oil could then spike in the future if the lower oil production meets higher than expected demand.

Oil prices have recently hit their highest levels since the end of 2014.

Brent oil prices eased off four - month highs of just over $ 75 a barrel set on Monday on worries that U.S. President Donald Trump may pull out of the 2015 Iran nuclear deal and thereby bring back sanctions on its oil output.

With oil selling for around $ 100 a barrel and gasoline prices high, sales of cars that plugged in rather than filled up were beginning to climb.

Oil prices slid more than one per cent on Tuesday as the US dollar remained near a four - month high, but worries that US President Donald Trump will pull out of the Iran nuclear deal underpinned the market.

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

His vision of Canada as an energy «superpower» wrongly assumed oil prices had shifted forever higher.

The company said in February that it planned to buy back up to $ 5 billion of stock over 2018 - 2020 to share the benefits of higher oil prices with investors.

«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.

That could throw a wrench in plans for the oilsands, which require high oil prices to remain profitable, and crimp much of the manic exploration activity in mining.

Elsewhere, oil prices were higher on Monday, on the back of hopes that leading exporters would agree to extend the output cut - as OPEC members gear up for a meeting in Vienna this Thursday.

PARIS, April 26 (Reuters)- Record output and high oil prices helped French oil and gas major Total report a consensus - beating rise in net adjusted profit during the first three months of the year, with Total adding it would surpass its production target for 2018.

«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.

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 %.

Take that funding away and the market settles back into something more closely aligned with the underlying reality — the one of high unemployment / underemployment, high oil prices, stagnant middle - and lower - class incomes, unprecedented wealth concentration in the upper class, demolished savers, under - investment in capital, and an ongoing transition to a low - wage service economy hard - pressed to service debt.

Western Australian exporters expect a tough three months ahead as business adjusts to the impact of higher oil prices and exchange rate fluctuations, but the longer - term outlook remains strong.

Higher oil prices need to be watched, but inflation signs in Asia remain mostly in check, says Frederic Neumann of HSBC.

While summer is meant to be the season where oil prices hit their annual highs, the price of crude oil has plunged recently.

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.

«However, the impact of high oil prices on CAD are typically more powerful when they are high on the back of demand versus supply issues,» Sutton said in a research note.

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 chances of wage inflation are higher this year than last; oil prices are up; the dollar is down.

«Shell's strong earnings this quarter were underpinned by higher oil and gas prices, the continued growth and very good performance of our Integrated Gas business, and improved profitability in our Upstream business,» Chief Executive Officer Ben van Beurden said in a statement.

TORONTO — The Toronto stock market ended Tuesday on a high note as a surge in oil prices boosted energy stocks and rumours of U.S. wireless carrier Verizon entering the Canadian market appeared to lose steam.