Sentences with phrase «n't oil barrels»

They aren't oil barrels or pork bellies; they have feelings.

Not exact matches

LONDON — Pierre Andurand, a leading oil fund manager, said that lack of investment in new production could lead to a situation where $ 300 per barrel oil is «not impossible» within the next few years, Bloomberg reported.

The French hedge fund manager, who is known for being bullish on the market, also said that $ 100 per barrel oil will not harm the economy.

Depressed oil prices should be spurring some takeovers for the energy space, but if the sector's big dogs no longer believe oil could stay above $ 40 a barrel or if they know about pitfalls the market is not seeing, that could threaten the M&A prospects, Cramer said.

Exxon, Royal Dutch Shell, Statoil, BP, and Chevron announced dismal earnings this week, missing expectations and showing how slashing spending and pulling back isn't yet enough in a world where oil has dropped from a high of $ 115 - per - barrel in 2014 to a low of $ 27 - per - barrel in January of this year.

He says that Canadian oil production is projected to double over the next two decades to about six billion barrels, but finding markets and getting the oil to market is not assured.

Domestic exports have not dipped below 1 million barrels a day since late November, as U.S. oil producers fill the void left by reduced capacity from Mexico and Venezuela.

Global oil demand growth has been close to 2 million barrels per day, and supplies aren't growing anywhere close to that.

While American oil production grew by some 850,000 barrels a day during that year, followed by an increase of 1 million barrels per day during 2013, it wasn't until recently that prices began to reflect the increased activity.

Crude oil was trading at a mere $ 60 a barrel, though, so not many people noticed.

Westech stood by its employees even when the price of oil fell to $ 26 a barrel, with Lapp proudly noting that the company did not lay off a single person.

Even if the U.S. starts to charge for every barrel of Canadian bitumen that crosses the border, the fee is so small that oilsand producers, who shoulder a price discount of around $ 60 - a-barrel on headline oil prices, might not even notice.

With 3.2 billion barrels in reserves, short - term moves in oil prices won't make or break Fort Hills, said Suncor spokeswoman Sneh Seetal.

If the marginal barrel is moving by pipeline, the difference between oil in Alberta and oil on the east coast is likely to be comparable to the shipping tolls on Energy East, and so running Canadian oil would not save refiners any money at all relative to running imported crude.

«BP is continuing to plan for a lower oil price world,» chief executive Bob Dudley said on Tuesday, adding that «I'm not expecting big shifts in prices anytime soon and a price of $ 50 a barrel looks like the right number to plan on for the rest of the decade.»

Impact on oil and gas production: compared to a carbon tax, Alberta's policy offers emitters less of an incentive to reduce production in order to cut GHGs, notes Leach: «assuming that the facility reduced production by 10 percent, and that emissions decreased proportionately (a simplifying assumption), the facility's emissions intensity would not change, so its carbon liability per barrel of oil produced would also remain constant.»

«BP is continuing to plan for a lower oil price world,» chief executive Bob Dudley said earlier this month, adding that «I'm not expecting big shifts in prices anytime soon and a price of $ 50 a barrel looks like the right number to plan on for the rest of the decade.»

I can't emphasize enough how impressive it is that Texas shale oil producers continue to ramp up output even with crude remaining in the $ 50 per barrel range.

That would add 75 cents per barrel - not enough to seriously affect profits among oil sands producers, but still a substantial fare hike.

The carbon footprint of a given barrel of oil over any other was not really on the political map when Chrétien was changing the tax code to finance a mine and Klein was rewriting the royalty regime to make it easier to expand the industry.

Monetory and fiscal stimulus can only help in the short - term but don't solve the long - term problem of an economy designed around cheap $ 20 a barrel oil.

If I take Keystone XL out of the mix, in my toy model, I haven't impacted the cost of the marginal barrel of oil sands because I haven't changed the cost of a barrel shipped by rail, I've simply reduced the profit on the barrels which would be shipped via KXL by forcing them to be shipped to market in a more expensive way.

Miswin Mahesh, oil analyst at Barclays, agreed that a gradual recovery for oil markets was «still in place as non-OPEC supply reduces» and predicted that prices would not fall below $ 30 a barrel due to the lack of a deal.

While it's possible OPEC will decide that non-members don't have to join curbs — making an unconditional deal possible on Wednesday — this would be a reversal for Saudi Arabia, which wants the widest possible participation in supply limits Related: Is The Permian 20 Billion Barrel Oil Discovery Real?

PIGS don't get to burn 19 million barrels a day of oil because their economies are shrinking.

«If OPEC does not come up with a credible agreement to cut production on Wednesday oil prices will end the year below $ 40 a barrel and be chasing down $ 30 a barrel early next year,» David Hufton, CEO of PVM Group Ltd., told Bloomberg.

At just over $ 30 a barrel, oil has reached levels not seen in over a decade.

Hedge fund manager tips $ US300 oil price: Pierre Andurand, one of oil's most prominent hedge fund managers, said the current reluctance of energy companies to invest in new production meant $ US300 a barrel was «not impossible» within a few years.

http://admin.futuresmag.com/admin/structure/nodequeueHedge funds are not listening to crazy bearish crude oil price predictions like Goldman's $ 20 a barrel call and instead are amassing its biggest net long position since last April.

Oil fund managers are not betting on $ 20 a barrel oil this week because they increased their net - long position by 16,855 contracts to 132,857 futures and options in the week ending Sept. 8, according to the CFTC commitment of traders repoOil fund managers are not betting on $ 20 a barrel oil this week because they increased their net - long position by 16,855 contracts to 132,857 futures and options in the week ending Sept. 8, according to the CFTC commitment of traders repooil this week because they increased their net - long position by 16,855 contracts to 132,857 futures and options in the week ending Sept. 8, according to the CFTC commitment of traders report.

When oil was first discovered / produced in an «economical» version of our reality in Petrolia Ont, it was not priced at $ 20 barrel,................

«$ 50 a barrel is still a pretty critical number and that number is going to be even more critical as we move into next year,» Tortoise Capital Advisors» Thummel told Bloomberg, noting that the lower oil prices could mean that companies would not hedge production as much as they would at higher prices to protect future output.

For eastern refiners, it's not clear that access to 1.1 million barrels of oil by pipeline will have a large impact on volatility, although a wider market will always lead to some reduction in volatility.

«So if the price of oil goes to $ 70 per barrel, it is not impossible for Aramco to make a top line of $ 250 billion a year.

$ 50 a barrel oil won't solve the glut or idle capacity, but it will maintain the status quo which isn't all that bad.

Petrobras handed over $ 42.5 billion of the $ 70 billion it raised to the government for the right to produce 5 billion barrels of pre-salt oil in areas not previously awarded to the company.

Current WTI prices are not that far from a US$ 40 - per - barrel oil, which has the industry and analysts wonder how low an oil price the U.S. shale can afford.

The report said a price recovery is expected to cause the most pain among companies drilling in the United States, who rely mostly on hydraulic fracturing, which isn't profitable unless the average global price of oil is around $ 60 per barrel.

Oil dropped to nearly $ 30 per barrel on January 12 and oil speculators are not paying any attention to the tension in the Middle EaOil dropped to nearly $ 30 per barrel on January 12 and oil speculators are not paying any attention to the tension in the Middle Eaoil speculators are not paying any attention to the tension in the Middle East.

Any given barrel of oil is of more or less equal quality and desirability as any other barrel of oil, the supply is (barring disaster) predictable and constant, and since oil is nonperishable, it doesn't matter if it comes from Alberta or Chile or a geyser on the moon: it still attracts the same price.

In this piece, which does not include the extra heavy oil classification, they find that the Eastern Venezuelan Orinoco Oil Belt contains 2.1 trillion barrels of natural bitumen, along with 2.3 trillion barrels of natural bitumen in the western Canadian sedimentary basoil classification, they find that the Eastern Venezuelan Orinoco Oil Belt contains 2.1 trillion barrels of natural bitumen, along with 2.3 trillion barrels of natural bitumen in the western Canadian sedimentary basOil Belt contains 2.1 trillion barrels of natural bitumen, along with 2.3 trillion barrels of natural bitumen in the western Canadian sedimentary basin.

Such developments, are those where a final investment decision hasn't been taken yet, represent some 20 million barrels of oil a day.

If you did that, I guarantee you that you would not see a 22 % difference between Canadian natural bitumen and Venezuelan extra heavy oil, and you'd be adding a strong incentive to reduce emissions for 434 billion barrels of recoverable reserves of extra heavy oil.

So the sharp fall in oil prices has certainly been disruptive, but stabilization from distressed trough levels should be good for economic growth even if the price of oil doesn't rebound back to peak levels of above $ 100 a barrel in 2014.

Refiners don't particularly want tar sands oil, which is tougher to make into usable transportation fuel, so it sells for about $ 20 to $ 30 less per barrel than crude from Texas or the Dakotas.

It's impossible not to discuss falling oil prices without also touching on Russia, half of whose budget depends on $ 100 - per - barrel oil exports.

Pierre Andurand, one of oil's most prominent hedge fund managers, said the current reluctance of energy companies to invest in new production meant $ 300 a barrel was «not impossible» within a few years.

Slumping oil prices have caused Conoco — and most if not all of its peers — a lot of pain as it costs oil drillers more to produce a barrel of oil than they can sell it for.

If the price of a barrel drops too much, future oil sand plans are at risk and modular buildings won't be needed at that point.

Efficiency improvements in recent years might mean the supply can be added at an oil price of US$ 60 per barrel and that the price doesn't need to go higher.