Sentences with phrase «of a barrel of oil because»

We will reduce the cost of a barrel of oil because we show the world that we have a supply of our own.

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.

In February, OPEC anticipated demand for its members» oil in 2013 would dip by about 100,000 barrels per day compared to previous forecasts, mainly because of increased production in North America.

OPEC also said Thursday that the world's total oil supply rose by 180,000 barrels a day last month, mainly because of non-OPEC producers such as the U.S., Norway and the U.K.

In fact, in the 10 years previous to the January 2011 cut - off of the graph, Canadian light oil sold (in Edmonton) at a $ 2 per barrel premium to the average cost of U.S. Saudi Light oil imports because of our access to premium - priced markets in the mid-continent.

And plenty of market watchers think supply disruptions will be contained because Saudi Arabia, the world's top oil producer, is moving to cover Libya's lost barrels.

Thanks to a slowdown in China and other emerging markets, but also because of a sluggish U.S. economy and political risks in the Middle East, Madani thinks oil prices could fall to $ 75 a barrel next year.

This should be a good thing, because the U.S. is still the world's biggest oil consumer, using 19 million barrels a day and importing about half of it.

«Because of the rapidly growing levels of oil production in the United States and the fact that we've virtually nowhere else to sell our oil than the U.S. market, Alberta is getting just over $ 50 a barrel for our oil,» Redford said.

Because of the drama in Saudi Arabia and further extended production cuts planned by the Organization of Petroleum Exporting Countries (OPEC), Morgan Stanley just raised its forecast for the price of oil, estimating WTI to average $ 58 a barrel in the second quarter of 2018.

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.

The cumulative national debt of these countries may as well be denominated in barrels of oil instead of euros, because millions of barrels of oil is what will be needed to get those economies growing again.

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

According to a report, OECD oil inventories for the first time in 3.5 years have fallen below normal because of a massive inventory draw of 46 million barrels in February which is six times the normal draw rate.

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.

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.

Since diluted bitumen is sold into heavy oil streams (usually at a small discount to heavy oil), you need to account for the fact that a barrel of bitumen is worth less than a barrel of heavy oil, because the added diluent is a higher value product.

The crash in prices meant that shale drillers moved on to greener pastures, and most of them began looking for oil rather than gas because crude fetched $ 70 to $ 80 per barrel.

I hope the world takes this chance to recove and invests in renewbale energies because after this drop the decline rate of existing fields will take oil prices back to +100 $ / barrel after being conpensated by full production in the middle east and new offshore production combined with unconventionnal production.

However, due to the high costs of excavation, many of these methods are not financially sustainable at $ 30 - 35 per barrel oil prices, and may slow production or even shut down temporarily or permanently, because of low prices.

Phillips 66 is widely known as a refiner, and refiners benefit from lower prices of oil because they have to pay less for each barrel of crude oil to perfect (and can thus capture higher margins by doing so).

And because this is light, sweet oil, those billions of barrels will cost Americans just $ 16 PER BARREL!

Nigeria currently exports 1.6 million barrels of oil per day but imports the bulk of its refined products because its refining capacity is unable to meet daily fuel needs of 40 million litres.

It further noted that it lost N19.43 bn in the month of April because crude oil supply dropped from 59.27 million barrels in February to 57.43 million barrels in March.

The Federal Government should, as a matter of urgency, bring all the aggrieved groups in the Southsouth of the country to the negotiation table whereby all their genuine agitations can be addressed because Nigeria as a country currently in recession can not continue to lose millions of barrels of oil daily as a result of their incessant bombings of our oil installations in the region.

Yet the practice is widespread, in part because oil prices have been much higher in recent years and because it is hard to find new multimillion barrel reservoirs these days, especially in the picked over U.S. Denbury, based in Plano, Texas, controls more than 1,000 miles of CO2 pipelines and has published reserves of 17 trillion cubic feet of the greenhouse gas, used to pump more than 70,000 barrels of oil a day.

The oil company behind it must be patient, because it can take years to put enough CO2 down the hole to build up sufficient pressure to push up an extra barrel of oil out the other end.

Because this containment still failed to show any visible improvement in the amount of oil flowing from the wellhead, Secretary Chu's back - of - the - e-mail math suggested that at least 40,000 barrels a day must be gushing from the well.

Plastics cause problems in ecosystems when they don't break down and animals mistake them for food, and they also affect climate change because of the millions of barrels of oil it takes to manufacture plastic bags and utensils.

For every barrel of extra oil obtained from tar sands as a result of the pipeline, global oil consumption would increase by 0.6 barrels, because the extra oil would lower oil prices and encourage people to use more.

If you have inflationary pressure, the «value» of an ounce of gold (or barrel of oil, etc) may «double», but it's really because the underlying comparator has lost «half» its value.

Since oil is currently trading much higher than $ 25.00 / barrel (as I write this we are about 48 USD / bbl), this contract obviously holds a lot of value because of the savings involved.

Oil stocks, of course, because the price of oil has been going up steadily from $ 20 a barrel in 2002 to about $ 75 todOil stocks, of course, because the price of oil has been going up steadily from $ 20 a barrel in 2002 to about $ 75 todoil has been going up steadily from $ 20 a barrel in 2002 to about $ 75 today.

The reason it is produced is because it can be done at less cost per barrel that the present selling price of oil which is itself determined by the cost of the most expensive oil.

«It will reduce the price of a barrel of oil, because when people know there's a greater supply, then the cost of that will go down,» he said.

That's because although a high oil price of $ 50 - $ 70 is necessary to justify investing billions into a new oil sands project, the variable costs of getting a barrel of oil from existing operations are much lower (as low as $ 10 for steamed oil and low $ 20s for mined oil).

The military's annual consumption of about 120 million barrels of oil is not only an enormous cost to the federal government but also a strategic risk because of the volatility of world oil markets, military analysts have said.

Because crude oil is traded globally, every additional barrel of U.S. production going into that market has impact.

We might still need it for chemical feedstocks for non-fuel products and it might still be more convenient for those nations who have plenty of fossil fuels but a barrel of oil won't be saleable for over $ 15 because biofuel will be cheaper.

More than 20,600 barrels of crude oil have spilled into a North Dakota wheat field, but thankfully because of a 40 foot thick layer of clay beneath the field, the oil has been relatively contained and is not believed to have reached a water source.

To Alberta oil producers, a $ 30 per barrel price discount was a threat to the viability of their business; but to the railroad companies it spelled opportunity — especially sweet, because building new pipelines had become a lightning rod for environmental activism and quicksand for regulatory approval.

We highlight ICF here because its estimate of additional oil production from lifting the ban (up 500,000 barrels per day) is almost identical to the output increase estimated by the U.S. Energy Information Administration (470,000 barrels per day).