Sentences with phrase «lower oil costs»

(Never mind that experts agree that more domestic drilling wouldn't do anything to lower oil costs in the near term.)

Central American countries are also enjoying ripples from growth in the US, and for them, lower oil costs are more of a boon than a bane.

And transportation companies, such as airlines, are likely to benefit this year, as low oil costs shave a significant amount off their operating expenses.

Not exact matches

Costs back then were still low by today's standards, but the integrated mining operations were seeing operating costs of $ 12 - 18 / bbl and new projects needed $ U.S. oil prices of $ 20 - $ 30 to generate reasonable rates of reCosts back then were still low by today's standards, but the integrated mining operations were seeing operating costs of $ 12 - 18 / bbl and new projects needed $ U.S. oil prices of $ 20 - $ 30 to generate reasonable rates of recosts of $ 12 - 18 / bbl and new projects needed $ U.S. oil prices of $ 20 - $ 30 to generate reasonable rates of return.

Shell has been selling off billions of dollars worth of projects, including the oil sands, that it believes can't meet its new low - cost bar.

When the oil - demand peak came, Shell believed, petroleum prices might begin a slow slide, dipping too low to cover the costs of oil - sands production.

April 30 - Whiting Petroleum Corp reported first - quarter profit on Monday compared with a year - ago loss as the U.S. oil producer benefited from higher oil prices and lower costs.

April 30 (Reuters)- Whiting Petroleum Corp reported first - quarter profit on Monday compared with a year - ago loss as the U.S. oil producer benefited from higher oil prices and lower costs.

Fuelled by a low peso and cheap labour costs, Mexico's booming manufacturing industry has already overtaken Canada's in terms of the dollar value of exports to the U.S. Indeed, Canada is contending with more than just low oil prices.

Critics of the deal had expected Britain to try to renegotiate the price, which they say was set too high before oil prices fell, dragging energy costs lower.

Suncor Energy Inc., the world's second - largest oil - sands producer, said first - quarter profit fell 23 percent on lower output, higher costs and absence of a gain from insurance settlements a year earlier.

Western Australia's only onshore oil producer has suspended production after being hit by the low oil price and the high cost of trucking its output to Wyndham rather than the much closer port at Broome.

Consumer demand for cars was ready to rise on low oil prices, and lower raw material costs could also translate to lower costs for GM.

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.

That year, drillers packed into the Permian basin in western Texas, where the cost of producing oil is low but the price tag on land — and the companies who own it — has skyrocketed.

It's one of the country's largest oil and gas producers, but, says Cheng, price differentials between Canadian and world oil prices, low natural gas prices, cost inflation and project delays caused investors to get antsy.

That's thanks in large part to the low cost of oil and a compression of health care premium costs, potentially related to the ACA.

Foley said that the low cost of natural gas compared to crude oil represents a major arbitrage opportunity.

Gary Kelly, Southwest Airlines chairman, president & CEO, breaks down his company's quarterly results and the impact of lower oil prices on jet fuel costs.

All the while, the industry thrived financially under a combination of high oil prices, low natural gas prices (a major input cost), recession - induced relief from cost inflation and a reduced cost of capital as majors and foreign national oil companies gobbled up wobbly juniors.

Oil companies are profiting after they cut costs and sold assets to adjust to an era of lower oil prices afterOil companies are profiting after they cut costs and sold assets to adjust to an era of lower oil prices afteroil prices after...

Ervin said cutting off light oil supplies through Trans Mountain would hurt Alberta - based Parkland Fuels Corp., which bought the 55,000 - barrel - per - day Burnaby refinery last year and has enjoyed good margins thanks to its access to low - cost Alberta feedstock.

And innovative technology makes renewable energy cost - effective even in times of low oil prices.

However, you need to keep in mind that we are not talking about a systematic lowering of crude oil costs in eastern North America — we are talking about an increase in crude costs in Western Canada, combined with a potential small decrease in costs for some eastern refineries.

Cenovus» first quarter saw an increase in its oil sands production to 144,000 barrels per day, up 20 % from the same period in 2014, and lowered operating costs across its assets.

But now Papa said the the best days are behind some of those fields after a period of low oil prices prompted drillers to train their rigs on their best acreage and deplete the most cost - efficient production.

The sale would come as the offshore sector continues to struggle with low oil prices, and oil exploration and production companies focus investments on lower cost shale fields onshore, particularly the Permian Basin in West Texas.

The facts are not right here, energy is cheap that means the cost of manufacturing and transporting of goods is low, food and consumers staples already more affordable, so what if a few American oil companies going out of business.the cost of producing oil in middle east is less than $ 10 / bl and we were paying more than $ 140 / bl for it, with that huge profit margin the big oil companies and oil producing nations became richer and the rest of us left behind, with the oil price this low the oil giants don't want to reduce the price at pump even a penny, because they are so greedy.worst case scenario is some CEOs bonuses might drop from $ 20 million to $ 15 millions I am sure they will survive.in terms of the stock market it always bounces back, after all it's just a casino like game.

Over the coming year, lower energy costs (and other comodity costs) will benefit consumers and as oil prices rise, 80 % of U.S. oil production will move to breakeven then substantial profit.

Clearly, the first - order effect of falling oil prices for these companies is lower input costs, with the degree of reduction dependent on both foreign - exchange effects and the companies» degree of exposure to oil prices.

Changes in power costs due to falling oil prices, meanwhile, can vary considerably by market and region, and, in many markets, gasoline prices are so inflated by taxation that the impact of lower oil prices for consumers is considerably dampened.

Recent lower oil prices have helped Morocco cut those costs and shrink its budget deficit from nearly 5 percent of gross domestic product in 2014 to 4.3 percent this year.

Tight oil companies have made the case that through increased efficiency and lower service costs that their economics are better at lower oil prices today than they were at $ 90 per barrel prices a few years ago.

With OPEC maintaining the status quo, North America's high cost oil producers can either choose to cut output or face even lower prices.

Long - term interest rates are currently low due to low global inflation expectations and moderate growth potential in Canada due to lower oil prices, a heavily indebted household sector and a weakened manufacturing base due to relatively high unit labour costs.

It wants a straight, perfectly positioned, well - drilled drain hole right down the identified sweet spot of the reservoir being targeted, one that, when completed, will yield the maximum amount of oil over its economic life at the lowest possible cost.

The next step to putting the next barrel of oil on stream, at the lowest possible cost, is a major breakthrough in operational efficiency.

This could give China a stake in the lowest - cost oil producer and major exporter of the commodity that Beijing will continue to use in growing volumes in the foreseeable future.

Thanks to the low - cost nature of those wells, the company expects to deliver 20 % compound annual production growth through 2019 while living within cash flow around current oil prices.

In today's tighter price environment, Big Oil is in a renewed competitive position because there is competition for new capital investments, which means lower production taxes, much lower production costs, and easy access to resources.

That deal more than doubled Exxon's resource position to 6 billion BOE, giving it control of an extensive inventory of low - cost drilling locations that it can tap in the years ahead to grow output in an improving oil market.

In the case of an oil spill cleanup, the costs are likely to be directly incurred by an insurance company, but the premiums paid for that insurance come at the expense of the value of the oil transportation service — the higher the expected clean - up costs from oil spills, the higher insurance premiums will be, and this will mean higher pipeline tolls, which in turn implies lower profits, taxes, and royalties on the products shipped.

In his year - end interviews, and in the final days of the fall sitting of the House of Commons, Prime Minister Stephen Harper said it would be crazy to impose additional costs on Canada's oil and gas sector in a time of low prices if the U.S. was not enacting similar carbon emission policies.

It remains to be seen if oil prices will remain low for a long period of time, but the Federal Reserve's actions, which have kept lending rates near record lows since 2009, have allowed airlines like Alaska access to capital at a reasonably cheap cost.

This is precisely why we're attracted to low - cost oil producers such as EOG Resources and Devon Energy.

In addition Carbon Tracker, a market friendly group, now informs investors that low oil prices will favor existing production from low carbon and low cost conventional sources.

DiLallo sums it up nicely: «Saudi Arabia has the lowest oil production costs in the world thanks to two strategic advantages: Abundant pools of oil close to the surface and no taxes on production.

This new appliance, best suited for oil and electrically heated homes, uses Time - of - Day electricity rates to lower heating costs by up to 50 percent.

«Lower oil prices strain the fiscal positions of fuel exporters and weigh on their growth prospects, while supporting household demand and lowering business energy costs in importers, especially in advanced economies, where price declines are fully passed on to end users,» according to the IMF.

Lower oil prices are also driving cost deflation across the broader commodity complex,» Goldman strategists led by Christian Mueller - Glissmann said in a research note.