Sentences with phrase «in crude prices»

But the collapse in crude prices has turned the tide.

That's an almost 75 % decrease from where it was trading four years ago, which is roughly equal to the drop in crude prices over that time.

Amid these indicators, traders are taking measures to protect themselves from a potential fall in crude prices.

However, a global rally in crude prices pushed domestic fuel prices far higher than those levels.

But the absence of fuel subsidies in most Asian nations is likely to mean the region feels the pain of the jump in crude prices far faster than was the case previously.

Reports on crude oil markets noted small fluctuations in crude prices today, mostly related to economic activity on the demand side of the oil business.

Oil demand grew by 1.9 m barrels a day in 2015, heavily influenced by the collapse in crude prices.

Still, the gradual rebound in crude prices is boosting the company's fortunes, as Schlumberger has started to redeploy its workforce toward more traditional business lines.

They were the first to see that the plunge in crude prices last year heralded serious trouble — hence the January interest - rate cut.

Insurers have to place their bids by September 7 and Air India expects its premium payout to fall because of soft reinsurance market and steep fall in fuel prices after the massive crash in crude prices since the middle of last year.

This is the first significant political premium to show up in crude prices since OPEC and Russia joined forces in late 2016 to steady a market faced with a serious global glut.

MLP investments have been hard - hit, first by the 2014 downturn in crude prices and more recently by regulatory and taxation shifts.

CNBC's Jackie DeAngelis reports the moves in crude prices as Iraqi forces gain ground in oil - rich territories.

President Donald Trump has blamed the rise in crude prices on the OPEC oil producers» group, calling prices «artificially very high» on Friday.

A statement signed by Duncan Amoah, Executive Secretary of the chamber, attributed the drop to the consistent decline in crude prices on the international market.

Oil companies will likely beat expectations when they announce earnings over the next two weeks based on the recent strength in crude prices and refining margins.

The disappointing economic data resulted in crude prices giving back about half of the three - day gains in just one session with the market remaining under modest selling pressure to start today's trading session.

The world's largest publicly - traded oil and gas company by market value has ridden out a collapse in crude prices better than most, its vertically - integrated model allowing downstream businesses to capture the value that upstream operations lose when oil prices are low.

Shares of the oil company were up more than 6 percent midmorning Friday, following the bounce in crude prices.

A TD study last spring found that a 10 % bump in crude prices was enough to nudge the country's entire GDP up by more than $ 5 billion.

If we don't see recovery in crude prices by then, things will only get tougher out west.»

Discussing the move higher, then lower, in crude prices after tensions between Iran and Saudi Arabia, with Anthony Grisanti, GRZ Energy President.

Chevron Corp, the second - largest U.S. - based oil producer, slashed its 2016 capital budget by 25 percent and said it would lay off roughly 10 percent of its workforce, one of the most - drastic reactions to date to the plunge in crude prices CLc1.

Oil explorers have been flocking to the Permian Basin in West Texas and New Mexico to tap deposits so rich that they generate profits despite the 2 1/2 - year slump in crude prices.

Whiting is still vulnerable to market shifts, but today's move in crude prices above $ 52 per barrel points to a slow but steady recovery for energy producers.

One oil Chief Economist Daniel Lacalle of Tressis Gestion blamed several factors for the continuing and sustained advance in crude prices:

Growing doubts about the effectiveness of the OPEC - led cuts and a series of increases in US oil inventories culminated in a 10 % drop in crude prices in a single week, though prices later steadied.

That conservation ethic was gradually eroded by the resulting swoon in crude prices that began in the mid-1980s.

Thousands of energy industry employees have lost jobs and companies have slashed their capital budgets during the steep slide in crude prices, which are still down more than 50 percent since 2014.

In brief The dramatic fall in crude prices has led to speculation that some oil - producing countries may be forced to abandon their currencies» fixed exchange rate pegs, which are typically set to the US Dollar.

Gasoline prices up: Americans are expected to spend an average of $ 400 per household more on fuel this year than in 2016, as the rebound in crude prices is reflected in the cost of petrol at the pump.

On top of that, Saudi Crown Prince Mohammed bin Salman told Reuters that Riyadh and Moscow were considering greatly extending a short - term alliance on oil curbs that began in January 2017 after a crash in crude prices, with a partnership to manage supplies potentially growing to a 10 - to -20-year agreement.

But the rise in Treasury yields above 3 percent has driven the value of the U.S. dollar to three - month highs, which may pose a threat to a more pronounced rally in the crude price.

Those savings, coupled with big gains in rig productivity that allowed more oil to be pumped with less equipment, created a lifeline for companies coping with a more than 50 percent drop in crude prices.

While the Euro dollar was facing the onslaught from sellers, the Canadian dollar got a boost from the rise in crude price to $ 54.30.

ISHARES S&P / TSX CAPPED ENERG Ticker: XEG / TSX Oil companies will likely beat expectations when they announce earnings over the next two weeks based on the recent strength in crude prices and refining margins.

The plunge in crude prices all but killed profits at China's top energy producer and its largest oil refiner.

Up until now, the energy sector has witnessed year - over-year earnings growth of 146 % in the fourth quarter, courtesy of a partial recovery in crude prices.

The collapse in crude prices has made large overhead costs unaffordable, and slow decision making has become a threat to long - term viability.

Transportation fuel costs have already fallen sharply in concert with the drop in crude prices: prices for jet fuel, for instance, which represents 26 percent of airlines» costs, fell by 52 percent between August 2014 and mid-January 2015.

«Any time you've got a two - plus per cent sell off in crude prices that's going to be quite negative for the loonie.

The financial crisis in 2008, alternate sources of energy, new discoveries especially in the US and the lifting of sanctions against Iran have all contributed to the fall in crude prices.

Nigeria, Africa's biggest economy and oil producer, is reeling from the crash in crude prices, at the same time President Muhammadu Buhari tries to deal with Boko Haram, the Islamic extremist group that has long terrorized the nation.

With the collapse in crude prices, lower oil revenues are hitting Alaska hard.

GLF maintains that this is silly logic, because once the false complacency of global oil spare capacity is uncovered for the illusion that it is, a rebound in crude prices will force the NDRC to revise base fuel prices up, breaking its promise to riders.