Sentences with phrase «low crude oil prices»

First of all, I assume that low crude oil prices are problematic for the economic and political stability of some of the oil - producing / exporting countries, including Saudi Arabia, Russia, Venezuela, and Nigeria.

Before turning to the «good news» about low crude oil prices (and there surely is good news), it's worthwhile noting that whether individual businesses find these low prices to be good or bad depends largely upon the economic sector in which they operate.

AXJO 4707 These indices after testing their fresh 52 weeks lows rebounded but the rally may not sustain because of the situation in China and low Crude Oil prices.

These indices after testing their fresh 52 weeks lows rebounded but the rally may not sustain because of the situation in China and low Crude Oil prices.

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

A fuel duty regulator, a position Plaid would like to instate, would have prevented motorists from enjoying the recent benefits of lower crude oil prices, as it would have increased the fuel duty.

Over the last few months, a consensus has gelled that lower crude oil prices, if not these very low prices, will persist for a longer time, and that has led to significant cuts in spending — 30 to 50 percent for independent companies, and about 10 to 15 percent for the large companies.

Not exact matches

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.

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.

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 idea that gasoline demand is actually rising suggests that perhaps the lower prices of crude are actually prompting a greater usage of this product (gasoline),» said Vyanne Lai, oil analyst at National Australia Bank.

After all, crude oil and commodities prices are still so low that plunging resource revenues forced Ottawa to defer its target date for balancing the budget.

The long era of too much oil sloshing around the world and low prices is coming to an end, just as global events are heating up crude prices.

Last year, funds that bet on an oil - price recovery were hit as crude in June fell to $ 42.05, the low for the year.

Additionally, prices for its major commodity exports - crude oil and palm oil - have dropped sharply and its currency, the ringgit, is trading close to its lowest levels since the Asian financial crisis of the late 1990s.

As the oil sector becomes increasingly focused on margins, Parex benefits from the low costs in that country, without the market access problems that impose a discount on crude prices in Western Canada.

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.

In light of the tug - of - war in the crude oil space, where prices have traded between the low $ 40s and low $ 50s since March, Cramer used the charts to try to foresee the commodity's future.

When national budgets of various oil - producing countries are determined by crude prices, then a lower price forces capital to be repatriated back to the country of origin (and we haven't even mentioned Russia, which is flooding the crude market for budgetary reasons).

In 2014, the mining and crude oil production company with headquarters in Irving, Tex., did just that, with a $ 1.8 billion boost that brought their profits to $ 930 million, all while oil prices has dropped to historic lows.

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 oil.

CNBC's Jackie DeAngelis reports fresh lows in crude over the weekend as concerns resurface that oversupply will continue to pressure oil prices.

This trend has reversed in recent weeks, with larger discounts applied to global and Canadian heavy crude leading to bitumen prices remaining low while world oil prices have gained some of the lost ground.

Crude oil prices hit new lows earlier on Friday, as everything continues to indicate that oil producers are pumping relentlessly.

Even as oil producers could struggle with lower crude prices, increased production investment is already paying off for US Silica and National Oilwell Varco.

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.

And all of this is on a background of oil prices that have basically crashed since the summer, with both Brent and WTI crude prices falling more than 30 % since June to multi-year lows.

LONDON, May 3 - Oil prices slid lower on Thursday as swelling U.S. crude inventories and record weekly U.S. production offset concerns over OPEC supply cuts and the potential for new U.S. sanctions against Iran.

Alberta's unconventional oil reserves are big enough to meaningfully increase world oil supplies — and lower crude prices for everyone — if they're fully developed.

Prices for major commodity exports crude oil and palm oil have dropped sharply and its currency, the ringgit, is trading close to its lowest levels since the Asian financial crisis in the late 1990s.

Although U.S. crude oil inventories are at «historically high levels» for this time of year, according to the Energy Information Adminstration's Weekly Petroleum Status report, Molchanov predicts inventories will trend lower by the middle of the year as prices recover.

For instance, they expect Brent crude to peak at $ 82.50 per barrel in July and copper to peak at $ 8,000 per ton in December, but they have forecast lower prices for both oil and copper in 2019.

Oil prices collapsed on Thursday to their lowest since late November as investor worries about the world's stubbornly persistent glut of crude erased most of the gains that followed last year's OPEC's output cut.

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.

There is some evidence that recent crude oil discounts in Western Canada have been partially passed through to consumers through lower gas prices.

Oil prices dropped more than 3 % but later recovered somewhat, with Brent crude futures 0.6 % lower at $ 125.2 while US crude was down 0.4 % at $ 113.46 a barrel.

EIA expects West Texas Intermediate (WTI) crude oil prices to average $ 4 / b lower than Brent prices in both 2018 and 2019.

This rebalancing has also bolstered crude oil prices, up 73 percent since its 2016 low in February.

Benchmark crude futures contracts have in the past week wiped out the gains made since the end of September when the Organization of the Petroleum Exporting Countries said it would agree to cut oil production to shore up persistently low prices.

NEW YORK (Reuters)- Oil prices settled slightly lower on Wednesday, as a surprise draw in U.S. crude stockpiles triggered a rebound from session lows hit after China proposed a broad range of tariffs on U.S. exports that fed fears of a trade war.

NEW YORK Oil prices settled slightly lower on Wednesday, as a surprise draw in U.S. crude stockpiles triggered a rebound from session lows hit after China proposed a broad range of tariffs on U.S. exports that fed fears of a trade war.

While the trade data had little impact on U.S. financial markets, concerns about weakening global demand pushed Brent crude oil prices to the lowest level in more than four years, dragging down U.S. stocks.

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

LONDON (Reuters)-- Banks» metals - related revenues exceeded their earnings from the oil sector last year for the first time since 2014 as low and relatively stable crude prices discouraged hedging activity, but this is unlikely to be the start of a new trend.

Pierre Andurand, a hedge - fund manager who predicted the oil collapse, said crude is starting a «multi-year bull run» because low prices have curbed supply.

India imports nearly 75 % of its oil (source: Central Statistical Office, India), so sustained low crude prices improved the inflation picture and current account balance (source: Bloomberg data).

Regardless of where exactly crude prices would end up trading, it's a certainty that once carbon emissions become more of a consideration the price of a barrel of oil will be heading lower.

No other oil - producing region risks losing more capital spending due to lower crude prices than Alberta.

Growth in Canadian crude oil production has outpaced expansions in pipeline takeaway capacity and, along with past pipeline outages, has driven Canadian crude oil prices lower and increased Canadian crude Continue Reading

Crude oil prices lost more ground today as well, and one has to wonder if another large leg lower might be in store for oil prices.