Sentences with phrase «in crude prices by»

Not exact matches

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.

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.

Hedge funds and other money managers raised their net bullish position in the six most important futures and options contracts linked to the price of crude and fuels by 45 million barrels in the week to April 20.

The rise in bond yields, which investors fear could hurt equities, has been partly fuelled by the spike in crude oil prices, which on Tuesday crossed $ 75, boosting energy shares.

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.

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.»

At the end of last year, the price of a litre of diesel was 59.64 rupees, meaning it has risen by 10.5 percent so far this year, not quite keeping pace with the rise in Brent crude oil.

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.

In Indonesia, which ended gasoline subsidies in 2015 and lowered the diesel subsidy to 500 rupiah (3.6 U.S. cents) per litre in 2016, retail prices also haven't risen by as much as the price of crude oiIn Indonesia, which ended gasoline subsidies in 2015 and lowered the diesel subsidy to 500 rupiah (3.6 U.S. cents) per litre in 2016, retail prices also haven't risen by as much as the price of crude oiin 2015 and lowered the diesel subsidy to 500 rupiah (3.6 U.S. cents) per litre in 2016, retail prices also haven't risen by as much as the price of crude oiin 2016, retail prices also haven't risen by as much as the price of crude oil.

Since last year, the near - term price of WTI crude, in Canadian dollars, has dropped by almost $ 25 per barrel, and the long - term futures price by $ 10, when you take into account futures market prices for Canadian dollars as well.

The velocity of the move will be based on the movement of the dollar in conjunction with other major global currencies; A fast move higher in the U.S. dollar will force the price of crude lower quickly (crude is denominated in dollars globally) and force selling by those who need capital.

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.

There are any number of theories explaining the sudden drop in crude oil prices after two years of stability: America's increasing supply, the world's faltering demand, an undeclared price war being waged by Saudi Arabia, the rising U.S. dollar.

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.

So far this month, the Brent crude price has risen by 6.3 %, making this its largest rise in January since 2013.

The pipeline or any other way to bring Western Canadian Crude to Tex refiners would speed up oil extraction in Alberta and increase world supplies, which would bring down oil prices for all Americans, by about a dollar a barrel according to Levi.

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 U.S. fuel margin decreased 17 per cent to 15.66 cents per gallon driven mainly by the volatility from a rapid rise in crude oil prices in the quarter.

Prices for crude oil, the world economy's most essential commodity, will need until 2020 to recover from the price war unleashed last year by Saudi Arabia, the International Energy Agency said Tuesday in its annual outlook for the global energy market.

Though crude oil fell initially, prices were up by the time markets opened on Monday, suggesting that bin Laden — dead or alive — may not be a key factor in determining oil prices.

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.

Prices were pulled down by a report from the U.S. Energy Information Administration (EIA) on Wednesday showing U.S. crude inventories jumped by 6.2 million barrels to 435.96 million barrels in the week to April 27, marking a 2018 high.

SINGAPORE, May 3 (Reuters)- Oil prices fell early on Thursday, pulled down by a rise in U.S. crude inventories and record weekly U.S. production, which is countering efforts by producer cartel OPEC to cut supplies and prop up prices.

This, after a year of flatter growth and considerable volatility in the commodity markets, marked by continued discounts on Canadian crude and low gas prices.

Suncor said that while the discount Canadian producers face nearly doubled in the first quarter compared with last year's quarter, it had no impact on the company's earnings or cash flow, as low crude prices were offset by better midstream and downstream returns.

CALGARY — Suncor Energy Inc. (TSX: SU), known for its huge presence in Alberta's oilsands, is reducing its workforce by 1,000 and cutting $ 1 billion from its capital budget as the company grapples with plummeting crude prices.

Of Tokyo's 33 subsectors, 20 were in the red, with oil and coal products leading the decliners after an overnight slide by crude prices to two - week lows.

Today, a post has been making the rounds which claims that the Keystone XL pipeline would raise gas prices in the US Midwest by, «20 to 40 cents per gallon, based on the $ 20 to $ 30 per barrel discount on Canadian crude oil that Keystone XL developers seek to erase.»

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.

The rollercoaster ride in oil prices over the past three years may be old hat to investors familiar with the commodity's historical sensitivity to macro events (see chart below), but oil price volatility is by no means endemic and several factors are now lining up to suggest a calmer period for crude may lie ahead.

Prices pared losses after the Energy Information Administration released data showing U.S. crude inventories fell by 4.6 million barrels in the latest week.

They believe that plunging crude prices could easily offset any rise in CAD caused by surge in gold imports.

Ben Luckock is in fact so bullish that he forecast demand could exceed supply of crude oil by 2 - 4 million bpd by the end of 2019 because of the US$ 1 - trillion in spending plans that never saw the light of day as a result of the 2014 price crash.

As WTI enjoys the first meaningful price rise since this spring, and a day after the API injected further optimism in markets by reporting a 761,000 - barrel draw in U.S. crude oil inventories, the EIA added fuel to the celebratory mood.

Whether the oil carried by Energy East is consumed in Canada or shipped abroad, it's not going to lower the price of crude.

Oil prices are falling because crude oil inventories were in good shape heading into the hurricane and because crude oil production will be less affected by the storm.

With the world awash in oil and crude prices flirting with $ 30 / barrel, Kenya appears undaunted by any challenge to find takers for its oil.

Although the benchmark West Texas Intermediate (WTI) oil price has been increasing, Alberta's producers are being hurt by transportation bottlenecks that have resulted in heavy discounts for non-conventional crude oil.

This isn't a matter of collusion or market power, it's simply a matter of a broad market for refined products not affected in the same way by pipeline shortages and transportation bottlenecks which affect crude oil prices in one region but not another.

The leap is not all explicable by the 36 per cent jump in crude oil prices in the interim, nor by the significant improvements on costs and break - even levels made under chief executive Kevin Gallagher.

This Day In Market History, March 26: OPEC Raises Crude Oil Prices By 9 % Each day, Benzinga takes a look back at a notable market - related moment that occurred on this Continue Reading

Crude prices have been well - supported by a growing consensus in the market that President Donald Trump will move to pull the U.S. out of a 2015 international accord to curb Iran's nuclear program.

Although there has also been a very slight fall in US crude oil production since the start of the year -LRB--1.6 %), with more Iranian and Iraq crude coming online and the demand fundamentals not improving, a significant price rise by the end of the year is unlikely.

* Market expects U.S. to re-impose sanctions against Iran * Plunging Venezuelan output further tightens markets * But soaring U.S. crude production holds back marketBy Henning GloysteinSINGAPORE, April 26 (Reuters)- Oil prices rose on Thursday, lifted by concerns over supply disruptions in Venezuela and theMiddle East as well as by strong demand.Brent crude oil futures were at 74.44 per barrel at0105 GMT, up 44 cents, or 0.6 percent, from their last close.U.S.

Yesterday, oil prices were boosted by the EIA reporting a fresh draw in crude oil inventories for the week to May 12, at 1.8 million barrels.

Based on past relationships, and assuming crude oil prices remain around the October average level, this increase in crude oil prices would directly increase the CPI by a little over 0.6 per cent.

The lower relative pricing for Canadian crude is partly caused by pipeline capacity constraints as oil production rises in Canada

Prices were pulled down by a report from the US Energy Information Administration (EIA) on Wednesday showing US crude inventories jumped by 6.2 million barrels to 435.96 million barrels C - STK - T - EIA in the week to April 27, marking a 2018 high.

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