Sentences with phrase «higher crude oil»

May 11 (UPI)-- Malaysia's new government will need to act quickly to capitalize on any economic momentum from higher crude oil prices, an analyst said.

Higher crude oil prices have contributed to increased NGL prices and, in turn, provided incentives to drill in liquids - rich resources with significant NGL content.

Weak dollar, higher crude oil and concerns about ability of South America to ship soy due to spreading labor... read more

The increase in gas prices due to higher crude oil prices means OPEC is canceling out the gains of US consumers from the recent US tax bill.

In contrast, the energy names managed to advance, helped by higher crude oil prices.

Right now, the best evidence implies that U.S. production growth will exceed expectations, perhaps by a large amount since the lagged effects of higher crude oil price from November through January have yet to be felt.

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.

Worldwide, high crude oil prices, increasing extreme weather events, population growth and economic development of poorer countries, crop - based biofuels, political conflict and unrest in the Middle East, and slowing crop yield growth are all factors contributing to rising food prices.

Not exact matches

Brent crude oil futures were last up 12 cents at $ 73.98 a barrel at 0937 GMT, some 2 percent below the November - 2014 high of $ 75.47 reached on Tuesday.

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.

Bets on rising crude prices are close to a near - record high,» PVM Oil Associates strategist Stephen Brennock said.

CNBC's Michelle Caruso - Cabrera reports on new highs for crude oil and gold after Saudi Arabia intercepted projectiles destined for its capital Riyadh.

Brent crude oil futures were down 14 cents at $ 73.72 a barrel at 1128 GMT, some 2 percent below the November 2014 high of $ 75.47 reached on Tuesday.

Oil ran ahead $ 2.99 to US$ 106.52 a barrel as U.S. crude inventories came in higher than expected.

NEW YORK, April 30 (Reuters)- U.S. crude oil production jumped 260,000 barrels per day (bpd) to 10.26 million bpd in February, the highest on record, the Energy Information Administration said in a monthly report on Monday.

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.

NEW YORK, April 30 - U.S. crude oil production jumped 260,000 barrels per day to 10.26 million bpd in February, the highest on record, the Energy Information Administration said in a monthly report on Monday.

Oil prices have risen this month to their highest since late 2014, driven by concern over potential disruptions to Iranian crude flows.

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

Asian crude oil export volumes would be much higher.

The depressed prices mean lower prices for refiners and less pump pain for North American drivers, but it's hardly good news for Canada's oil industry, which spent billions on oilsands projects after world crude prices had risen high enough to justify the investment.

Oil supply concerns are greater for Europe, where crude prices have jumped even higher due to the region's larger energy reliance on MENA.

LONDON, May 3 - Oil prices edged higher on Thursday despite swelling U.S. crude inventories and record weekly U.S. production, as focus shifted back to OPEC supply cuts and the potential of new U.S. sanctions against Iran.

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

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.»

Oil prices were higher in choppy trade on Wednesday, as a bigger - than - expected U.S. crude stock build pressured prices, but large draws of fuel stocks provided some support.

On Friday, international benchmark Brent crude oil was trading within $ 2 of its 2017 high of $ 58.37.

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.

This means that current oil prices are higher than prices for crude deliveries in the future.

Oil prices have skyrocketed around 40 percent since the middle of 2017, with Brent crude rising to multi-year highs above $ 71 a barrel, before a pullback last week wiped out its gains for 2018.

«Those high margins translate into less resistance for crude oil prices that are a few dollars higher,» he said.

As someone in their mid-50's, I am old enough to remember the start of oil - price gouging and the beginning of OPEC (Organization of Petroleum Exporting Countries) holding our energy consumption hostage by controlling the supply of crude and keeping prices high.

3M was seeing higher - than - anticipated costs for transportation and raw materials derived from crude oil.

Brent crude, the international benchmark for oil prices, rose to $ 70.37 on Monday, while U.S. West Texas Intermediate crude reached $ 64.89 on Tuesday, both hitting more than three - year highs.

HOUSTON, Jan 26 - Oil prices settled higher on Friday after hitting three - year highs, with crude also posting a weekly gain as a weaker U.S. dollar underpinned prices.

Although much of the recent drop in oil prices has been due to the prospect of higher exports from Iran in the coming months (the International Energy Agency forecasts an extra 300,000 barrels a day by the end of March), the dumping of stored oil is essentially a short - term factor, and its influence on crude prices should logically pass quite quickly.

CNBC's Jackie DeAngelis reports on the rebound in oil prices as crude inches higher on signs of extended supply cuts.

Crude oil settles higher after a drop earlier in the trading session.

The price of a barrel of West Texas Intermediate (WTI), a benchmark for so - called light sweet crude oil, tumbled from its June high of $ 108 to a low in January of $ 44.

The oil market remains in what's known as contango — with the future price of crude trading at a higher level than today's spot price.

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.

U.S. crude oil futures for March delivery hit a high of $ 66.66 last week, their highest since Dec. 5, 2014.

CNBC's Jackie DeAngelis discusses crude oil breaking above its high with the «Futures Now» traders.

CNBC's Jackie DeAngelis covers what's moving oil prices after crude settled nearly 5 percent higher.

Oil prices eased from recent highs with Brent crude futures off 94 cents at $ 73.70 a barrel, while U.S. crude lost 67 cents to $ 67.43.

With much of the world's accessible, light crude of this sort now exhausted, more and more of the oil we consume comes from heavy grades (the so - called bitumen derived from oilsands being among the heaviest) that require more refining and therefore entail higher emissions and other undesirable byproducts.

That's already visible in U.S. government forecasts, which say U.S. crude oil production will rise from an average of 9.2 million barrels a day this year to 9.9 million barrels a day in 2018, a new all - time high beating a record set in 1970.

China's Sinopec, Asia's largest refiner, plans to cut Saudi crude oil imports loading in May by 40 percent after national oil company Saudi Aramco set higher - than - expected prices, an official from the company's trading arm Unipec said.

The Saudis want crude oil higher, and they're doing a good job in achieving that end.

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.