Sentences with phrase «new oil supply»

Investment in new oil supply will be needed as the decline in currently producing fields is greater than the decline in demand.

At the same time, GM's chief economist - who last year forecast that oil prices would average $ 40 a barrel when in fact they topped $ 60 - was predicting that oil prices would fall this year as new oil supply came on stream.

This means that new oil supply can come back on stream profitably — especially in US shale plays — at lower prices than before, perhaps putting a lid on further price increases.

Bringing new oil supplies to market could have an unexpectedly large impact on global emissions (see P. Erickson and M. Lazarus Nature Clim.

The conventional oil alternatives (oil sands, deepwater, oil shale, biofuels) don't have the same level of pure energetic value of those of the past, and this is the reason that oil prices must remain at current levels in order for new oil supplies to remain viable.

Not exact matches

NEW YORK, April 27 - Oil prices slipped on Friday, with Brent on track for its third week of gains amid supply concerns should the United States reimpose sanctions on Iran.

NEW YORK, April 27 - Oil prices were little changed on Friday, with Brent on track for its third week of gains amid supply concerns should the United States reimpose sanctions on Iran.

SINGAPORE, May 3 - Oil dipped on Thursday, weighed down by swelling U.S. crude inventories and record weekly U.S. production that undermined efforts by OPEC to cut supplies, although potential new U.S. sanctions against Iran kept markets on the...

Oil companies have slashed spending, scrapped new projects, slashed tens of thousands of jobs, renegotiated supply contracts and increased borrowing in order to weather the more than halving of oil prices since June 20Oil companies have slashed spending, scrapped new projects, slashed tens of thousands of jobs, renegotiated supply contracts and increased borrowing in order to weather the more than halving of oil prices since June 20oil prices since June 2014.

That means there's a new higher floor under oil prices as the peak summer demand season approaches, and it also makes the market vulnerable to a «super spike» if there's any significant supply disruption.

OPEC's supply curtailments and the threat of new sanctions are occurring just as demand in Asia, the biggest oil - consuming region, has risen to a record as new and expanded refineries start up from China to Vietnam.

Since 2011, the rail industry has voluntarily adopted tougher safety standards for all new cars, but with literally only a handful of tank car - makers in North America and a huge boom in oil - by - rail shipments, demand far outstrips supply.

LONDON, May 3 - Oil prices edged higher on Thursday despite swelling U.S. crude inventories and record weekly U.S. production, as focus shifted back to OPEC supply cuts and the potential of new U.S. sanctions against Iran.

Brennock said U.S. imposed sanctions on the oil - dependent state's crude industry would force Caracas to offer steep discounts in a desperate search for new buyers and also leave the country reeling with the prospect of supply restrictions of vital diluents.

Or will this be more like 1986 — an eerily familiar scenario in which an OPEC decision to keep pumping oil after a flood of new supply ended up tanking prices for years?

Just after the year 2000, Grantham maintains, the cost of oil inflected as finding new supplies became more challenging and expensive.

Once supply and demand come back into balance, points out Fadel Gheit, Oppenheimer's senior oil analyst, prices should gravitate toward the marginal cost of production of new barrels.

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.

Given the high cost of shale oil production, it's questionable much marginal new U.S. production will be able to displace established Canadian oilsands supply while also replacing production declines in California, Alaska and the Gulf of Mexico.

Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).

Raitt's three - year timeline to fully dispose of older DOT - 111A tankers (and immediate phase - out of 5,000 of the most vulnerable cars) is going to be a difficult one to meet given the existing capacity for suppliers to build new tankers, as well as the desire of oil and gas companies to continue the exponential increases in oil - by - rail shipments into the future.

However, that configuration is ill - suited to an era when the fastest - growing crude oil supply is coming from the middle of the bowl, from U.S. oil producers using new extraction techniques and the Canadian oilsands.

LONDON, May 3 (Reuters)- Oil prices slipped on Thursday as swelling U.S. crude inventories and record weekly U.S. production clashed with OPEC supply cuts and the potential for new U.S. sanctions against Iran.

NEW YORK, April 27 (Reuters)- Oil prices slipped on Friday, with Brent on track for its third week of gains amid supply concerns should the United States reimpose sanctions on Iran.

LONDON, May 3 - Oil prices slipped on Thursday as swelling U.S. crude inventories and record weekly U.S. production clashed with OPEC supply cuts and the potential for new U.S. sanctions against Iran.

These risks include, in no particular order, the following: the trends toward more high - definition, on - demand and anytime, anywhere video will not continue to develop at its current pace or will expire; the possibility that our products will not generate sales that are commensurate with our expectations or that our cost of revenue or operating expenses may exceed our expectations; the mix of products and services sold in various geographies and the effect it has on gross margins; delays or decreases in capital spending in the cable, satellite, telco, broadcast and media industries; customer concentration and consolidation; the impact of general economic conditions on our sales and operations; our ability to develop new and enhanced products in a timely manner and market acceptance of our new or existing products; losses of one or more key customers; risks associated with our international operations; exchange rate fluctuations of the currencies in which we conduct business; risks associated with our CableOS ™ and VOS ™ product solutions; dependence on market acceptance of various types of broadband services, on the adoption of new broadband technologies and on broadband industry trends; inventory management; the lack of timely availability of parts or raw materials necessary to produce our products; the impact of increases in the prices of raw materials and oil; the effect of competition, on both revenue and gross margins; difficulties associated with rapid technological changes in our markets; risks associated with unpredictable sales cycles; our dependence on contract manufacturers and sole or limited source suppliers; and the effect on our business of natural disasters.

NEW YORK (Reuters)- Oil jumped as much as 3 percent on Tuesday as a weak dollar propped up commodities, but crude prices came off their highs in post-settlement trading on signs of another big U.S. supply build last week.

For oil prices, the phase change was caused mostly by the growth of a new source of supply from unconventional, expensive oil.

In March this year, the International Energy Agency (IEA) said that unless the industry approves fresh investments in new projects, global oil supply may be struggling to catch up with demand after 2020, which could result in a sharp jump in oil prices.

When prices go up it opens the door to new sources of supply that were previously too expensive to extract (Alberta's oil sands are a case in point).

Unlike the present, the new supply was inexpensive conventional oil.

The oil price collapse of the 1980s was similar to the present price collapse because the primary cause was a new source of supply.

Saudi production costs are a fraction of those from the new supply sources that are driving the gains in North American oil production.

They assume that KXL adds 800,000 barrels of new oil to global supply, at any price, and examine the degree to which this additional supply will affect global consumption.

If the construction of Energy East also does not put significant new supply into the world market, it will not have a material impact on the revenues collected by other oil producing nations either.

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.

Nestle ditched the palm oil supplier after Greenpeace targeted its KitKat brand and Tesco announced this week it would stop buying pulp and paper from Sinar Mas after Greenpeace released a new report, «How Sinar Mas is Pulping the Planet».

As the biggest station operator and supplier of natural gas for transportation in the U.S., the company should benefit from higher oil prices and more focus on reducing emissions likely to drive many truck operators to consider this new engine.

The looming supply growth is mostly due to two factors: the scheduled end of OPEC / non-OPEC production cuts in March and US shale production, including NGLs, «growing like crazy,» said New York - based Mike Wittner, managing director and global head of oil research at Societe Generale.

The majority of oil executives and industry analysts still believe that $ 50 - $ 60 oil will continue as the new normal, with U.S. shale supply growing stronger every time oil prices rise above $ 50.

Similarly, a leading producer of palm oil in Papua New Guinea recognized the social and environmental impacts of production, so it altered its business model to include a fully traceable supply chain and reduced its use of petrochemicals as a fertilizer.

But a majority of Americans, Republican lawmakers and construction union members welcomed the prospect of boosting reliance on a firm U.S. ally for new supplies of the heavy crude, which would be shipped by a pipeline built largely in this country and processed at Gulf Coast refineries uniquely capable of dealing with the low - grade oil.

Compliance with a global deal to cut oil supply hit a new high in February and an inventory glut is shrinking fast, a joint OPEC and the non-OPEC committee said, Continue Reading

These include: the slowdown in China, the recessions in Brazil and Russia, the emergence of new supplies of energy such as US shale oil, Iran and Iraq ramping up production, and commodity investment projects in Chile and elsewhere coming on stream.

By David Gaffen NEW YORK (Reuters)- Oil prices on Thursday hit highs not seen since 2014, built on the ongoing drawdowns in global supply and as Saudi Arabia looks to push prices higher, though U....

Except for a 20 - day slump in March when North American crude was on the wrong side of US$ 50 for the first time since last year's OPEC supply cut decision, oil prices had seemingly stabilized at a new level.

Second, the U.S. will approach energy self - sufficiency as domestic energy demand ceases to grow, due in part to energy efficiency measures, and as new unconventional gas and oil projects cause domestic energy supply to surge.

At the same time, we also have a capacity to dramatically increase our supply of unconventional oil and gas, provided we secure new customers and do so before our competitors.

The world clearly needs to add new supplies of oil over the coming few years.

A low oil price means investors don't spend any money adding new supply.