Sentences with phrase «of a barrel of oil fluctuates»

These sources of energy are becoming cost effective with fossil fuels (although the price of a barrel of oil fluctuates considerably, and is currently quite low).

Not exact matches

The US oil - rig count plateaued near the highest level in three years and showed signs of declining in late March (to 797), though it still stood 50 rigs above the year - end 2017 total.2 This contributed to expectations for a further increase in American crude production, which has topped 10 mb / d each week since early February, when WTI prices began to recede from their intra-quarterly high of US$ 66.14 a barrel.3 The amount of crude in US storage occasionally exceeded weekly estimates given the higher domestic output and fluctuating net import figures, reigniting fears that US production may thwart OPEC's efforts to clear global oversupply.

It's unclear whether someone buying a petro would have the right to a barrel of oil, what would happen to that petro once the barrel of oil backing it is presumably sold to a refiner, whether the value of the petro will fluctuate with the oil price, or who might even accept the petro as a currency for payment.

Traditionally the industry has been a heavy user of fossil fuels, primarily oil, the price of which has fluctuated from under $ 15 a barrel 20 years ago to peaks of $ 90 to over $ 100 now, making fossil fuels such as bunker oil vastly more expensive.

Raimi's stock has fluctuated more than the price of an oil barrel over these past few years — what with him directing the god awful Oz the Great and Powerful and producing the divisive (but nonetheless gory as hell) remake of his own horror classic, The Evil Dead — but the man knows horror better than most — as evident not only by his Evil Dead entries but most notably in Drag Me to Hell, easily one of modern horror's most underrated gems.