Sentences with phrase «in crude prices clc1»

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.

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.

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

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.

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

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

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.

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

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

Energy stocks seem like an easy way to play the recovery in crude prices, but the disappointing performance of most energy funds tells a different story.

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.

The crux of Cohodes» case against the mortgage provider lies in its exposure to Alberta, the oil - producing heartland of Canada, which is still reeling from the downturn in crude prices.

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.

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.

«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 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.

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.

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

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

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.

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.

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.

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

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.

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.

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

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.

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.

Not exact matches

Crude oil prices in Canadian dollars for Brent (North Sea, UK), West Texas Intermediate (Cushing, OK, USA), and Edmonton Par.

In addition to the underperformance from the energy sector after U.S. military strikes in the Mideast, big oil stocks like Exxon Mobil and Chevron, which have a longer history than the ETFs, as well as the price of crude oil, have also trailed the markeIn addition to the underperformance from the energy sector after U.S. military strikes in the Mideast, big oil stocks like Exxon Mobil and Chevron, which have a longer history than the ETFs, as well as the price of crude oil, have also trailed the markein the Mideast, big oil stocks like Exxon Mobil and Chevron, which have a longer history than the ETFs, as well as the price of crude oil, have also trailed the market.

Andurand, who runs oil hedge fund Andurand Capital Management LLP, wrote in a string of tweets on Sunday that companies may be less willing to risk investment in long term oil projects because of low crude barrel prices and a predicted peak in electric vehicle demand.

In broader economic terms, the rise in oil and gasoline prices will help crude producers in states like Texas and North Dakota and will likely boost capital spending industrywidIn broader economic terms, the rise in oil and gasoline prices will help crude producers in states like Texas and North Dakota and will likely boost capital spending industrywidin oil and gasoline prices will help crude producers in states like Texas and North Dakota and will likely boost capital spending industrywidin states like Texas and North Dakota and will likely boost capital spending industrywide.

In the face of low crude oil prices, the company focused on natural gas, which had stronger rates.

The incident might result in restrictions on using rail to transport oil, which could increase the price discount for Canadian crude.

A rebound in oil prices following the 2014 collapse of the crude market has somewhat curbed the need for such a large IPO, sources told the Wall Street Journal.

But when oil companies cut down production in response to depressed prices, the money stops flowing along with the crude.

Although the oil price and the dollar have moved in tandem for the last few weeks, the two generally tend to trade in the opposite direction, as a stronger dollar encourages non-U.S. investors to sell oil and crude - importing countries to curtail their purchases.

The price of crude is on the rise, but in Canada, new carbon taxes, regulations and pipeline hurdles may take the industry permanently out of contention

The decreases are largely the result of the oil glut and all - time lows for crude prices — last year, mining, oil producers, and metal companies lost a combined $ 70 billion on $ 1.3 trillion in revenue.

Those contracts were lifesavers again in 1986, when crude prices collapsed and Calgary lost its buzz.

This might eventually pressure crude prices, even though oil and the dollar have moved in tandem for a few weeks.

Running for the Progressive Conservatives, he won a seat in 1986 and was appointed employment minister just as the price of crude plunged and the unemployment rate spiked to 10.4 %.

Traders are taking out a growing number of put options to sell crude, a strategy aimed at protecting against a drop in prices after a sharp rally since December.

But if it's longer than that — which does look possible — we're going to see a significant rise in the price of crude oil, and in the price of refined products, especially in Western Canada.»

Now, one trader is trying to capitalize on the recent strength with an options strategy that will pay more than $ 1 million, as long as crude prices don't fall dramatically in the next few months.

And in energy, high prices for synthetic crude and liquid natural gas mean producers are generating a lot of extra cash.

The deal, when announced last autumn, was predicated on a recovery in the oil price to $ 60 per barrel by 2019, an increase that now seems less likely with a glut of crude still circling the globe and keeping prices below $ 50.

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.

The far - reaching consequences of the recent drop in oil prices have been a testimony to just how central crude is in American life: With cheap gasoline bringing more drivers onto the road, traffic deaths were up nearly 10 percent in the first nine months of 2015.