Sentences with phrase «lower average oil prices»

Or it just might be that with lower average oil prices in hand and expectations that after expanding moderately over the coming quarters, the economy would pick up gradually — presumably in 2013.

Not exact matches

With oil prices now above the long - term average, oil consumption is no longer getting a boost from low prices and is increasingly reliant on strong economic growth around the world.

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

The 104 - page OPEC report finds that there will be greater demand for the group's oil in 2016, with customers consuming an average of 31.65 million barrels a day throughout the year because the market will be «supply - driven» as competitors, beset by low prices, continue to cut back severely on capital expenditures ranging from exploration to new drilling.

In real terms oil prices remain quite low, around the average level recorded since the mid 1980s.

This unpleasant picture is presented after a third quarter in which Brent crude, the international benchmark for oil prices, traded at about $ 50 a barrel on average, the lowest sustained levels since the financial crisis.

However, the fact that the average quantity of frack sand used per well has more than doubled in recent years — which has helped lower the breakeven price of U.S. shale oil — should help insulate the industry from the worst of the oil crash.

This, in spite of crude - oil prices averaging about $ 43 per barrel during the year, which is very close to all - time lows for the commodity.

Already Buhari has started giving excuses for the abysmal performance.He attributed the quagmire to drop in the price of oil globally and cleverly laid the blame on the doorsteps of all Nigerian accusing them of relying solely on oil.All renowned rating agencies including fitch continue to downgrade Nigeria ever since Buhari took over and it is projected that Nigeria will not be able to repay its debt obligations.Fitch for instance downgraded Nigeria's longterm foreign currency issuer default rating to B + from BB - and longterm local currency IDR to BB - from BB.The general position expressed by almost all the Briton wood institutions is that Nigeria's fiscal and external vulnerability has worsened under Buhari and it is projected that the government's general fiscal deficit could grow up to 4.2 % by the end of 2016 after averaging 1.5 % under the previous regime.A recent capital importation report by Nigeria Bureau of Statistics confirms that, last year, the country recorded total inflow of capital into the economy stood at $ 9.6 billion which was a 53 % drop from previous year and the lowest recorded total since 2011.

The strengthening industry performance is being driven by a combination of factors: • Lower oil prices (forecast to be $ 55 / barrel Brent in 2015 and averaging a lower $ 51 / barrel in 2016) are giving airline profits a boost; however this is strongly moderated in many markets by the appreciation of the US dollar • Strong demand for passenger travel (6.7 % growth in 2015 and 6.9 % in 2016) is making up for disappointing cargo demand growth (1.9 % in 2015; strengthening to 3.0 % in 2Lower oil prices (forecast to be $ 55 / barrel Brent in 2015 and averaging a lower $ 51 / barrel in 2016) are giving airline profits a boost; however this is strongly moderated in many markets by the appreciation of the US dollar • Strong demand for passenger travel (6.7 % growth in 2015 and 6.9 % in 2016) is making up for disappointing cargo demand growth (1.9 % in 2015; strengthening to 3.0 % in 2lower $ 51 / barrel in 2016) are giving airline profits a boost; however this is strongly moderated in many markets by the appreciation of the US dollar • Strong demand for passenger travel (6.7 % growth in 2015 and 6.9 % in 2016) is making up for disappointing cargo demand growth (1.9 % in 2015; strengthening to 3.0 % in 2016).

«To the point where competition among the Oil Marketing Companies remains high, market price for both Brent crude and refined oil dropping in average price terms, added to the appreciation of the Cedi against the U.S. dollar, and increasing national fuel stock; the Institute for Energy Security (IES) believe that there is enough positive momentum and fundamental justification to move the prices of Petrol and Diesel lower on the local market,» IES said in a release signed by Gilbert Richmond Rockson, Principal Research AnalyOil Marketing Companies remains high, market price for both Brent crude and refined oil dropping in average price terms, added to the appreciation of the Cedi against the U.S. dollar, and increasing national fuel stock; the Institute for Energy Security (IES) believe that there is enough positive momentum and fundamental justification to move the prices of Petrol and Diesel lower on the local market,» IES said in a release signed by Gilbert Richmond Rockson, Principal Research Analyoil dropping in average price terms, added to the appreciation of the Cedi against the U.S. dollar, and increasing national fuel stock; the Institute for Energy Security (IES) believe that there is enough positive momentum and fundamental justification to move the prices of Petrol and Diesel lower on the local market,» IES said in a release signed by Gilbert Richmond Rockson, Principal Research Analyst.

$ 8 billion) over first ten years for deficit reductionObeys PAYGO; Starting in 2026, 25 % of auction revenues for deficit reductionFuels and TransportationIncrease biofuels to 60 million gallons by 2030, low - carbon fuel standard of 10 % by 2010, 1 million plug» in hybrid cars by 2025, raise fuel economy standards, smart growth funding, end oil subsidies, promote natural gas drilling, enhanced oil recoverySmart growth funding, plug - in hybrids, raise fuel economy standards $ 7 billion a year for smart growth funding, plug - in hybrids, natural gas vehicles, raise fuel economy standards; offshore drilling with revenue sharing and oil spill veto, natural gas fracking disclosureCost ContainmentInternational offsetsOffset pool, banking and borrowing flexibility, soft price collar using permit reserve auction at $ 28 per ton going to 60 % above three - year - average market price» Hard» price collar between $ 12 and $ 25 per ton, floor increases at 3 % + CPI, ceiling at 5 % + CPI, plus permit reserve auction, offsets like W - MClean Air Act And StatesNot discussedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade suspended until 2017, EPA to set stationary source performance standards in 2016, some Clean Air Act provisions excludedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade pre-empted, establishes coal - fired plant performance standards, some Clean Air Act provisions excludedInternational CompetitivenessTax incentives for domestic auto industryFree allowances for trade - exposed industries, 2020 carbon tariff on importsCarbon tariff on importsReferences: Barack Obama, 2007; Barack Obama, 8/3/08; Pew Center, 6/26/09; leaked drafts of American Power Act, 5/11/10.

Bright White Clearcoat 2017 Jeep Patriot Latitude HIGH ALTITUDE FWD CVT 2.0 L I4 DOHC 16V Dual VVT Power Sunroof / Moonroof, One Owner, Like New, Passed Dealer Inspection, New Brakes, New Tires, Vehicle Detailed, Recent Oil Change, Passed 99 Point Inspection, Patriot Latitude HIGH ALTITUDE, 4D Sport Utility, ABS brakes, Body Color Fascias w / Bright Insert, Bright Exhaust Tip, Bright Side Roof Rails, Electronic Stability Control, Heated door mirrors, Heated front seats, Illuminated entry, Leather Trimmed Bucket Seats, Low tire pressure warning, Manual Driver Lumbar Adjust, Power 6 - Way Driver Seat, Quick Order Package 24G High Altitude Edition, Remote keyless entry, Remote Start System, Traction control, Wheels: 17» x 6.5» Granite Painted Pocket.Odometer is 30366 miles below market average!Chrysler Group Certified Pre-Owned Details: * Vehicle History * Includes First Day Rental, Car Rental Allowance, and Trip Interruption Benefits * Powertrain Limited Warranty: 84 Month / 100, 000 Mile (whichever comes first) from original in - service date * Limited Warranty: 3 Month / 3, 000 Mile (whichever comes first) after new car warranty expires or from certified purchase date * Warranty Deductible: $ 100 * 125 Point Inspection * Transferable Warranty * Roadside AssistanceReviews: * Optional flip - down tailgate speakers; above - average off - road capability with Freedom Drive II; attractively priced.

We don't have cash at the moment, but later in the year if the oil price continues to be that low, we could potentially buy even more to average down even further.

It looks like a good time to average down as the stock yields 3.4 % and the earnings perform fine irrelevant of the price of oil (Heck I would argue the company does better in a low oil priced environment as it purchases oil to produce its products).

The year 2015 was rather noneventful for investors except for two things: the big drop in oil prices and, according to Morningstar, the lowest ever average fees for mutual fund and ETF assets.

And even though the state's residential home electricity consumption ranks among the lowest (due in part to those high prices and generally lower air conditioning needs in summer and the use of gas and oil for heating loads in the winter rather than electricity), the average monthly electric bill in 2016 was just over $ 142 per month, third highest in the nation.

The analysis found, somewhat surprisingly, that only proceeding with lower cost, less carbon - intensive projects needed to satisfy demand in a carbon - constrained world will add over $ 100 billion to the value of the world's seven oil majors, unless oil prices spike beyond $ 100 a barrel for a sustained period of time — well over OPEC's long - term average assumption of around $ 80 a barrel.

The idea is, if we allow oil and gas corporations to exploit our land and water to extract fossil fuels, it will benefit the average citizen by lowering energy prices and reducing dependence of «foreign» energy supplies.

The gift that is American energy is seen in some key numbers: domestic crude oil production reaching more than 9 million barrels per day last month, the highest level in more than two decades, according to the U.S. Energy Information Administration (EIA); total U.S. net imports of energy as a share of energy consumption falling to their lowest level in nearly 30 years during the first six months of this year; gasoline prices dropping to an average of $ 2.47 per gallon last week, their lowest point since May 2009, according to the Lundberg Survey Inc..