Sentences with phrase «of a barrel of oil on»

The issue is not whether the U.S. can significantly reduce its reliance on oil imports with domestic, offshore oil, say both Kaufman and Nathan, but whether there is enough that is recoverable to significantly lower the price of a barrel of oil on the global market.

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.

Brent oil prices eased off four - month highs of just over $ 75 a barrel set on Monday on worries that Trump may pull out of the 2015 Iran nuclear deal and thus bring back sanctions on its oil output.

Brent crude oil futures were last up 12 cents at $ 73.98 a barrel at 0937 GMT, some 2 percent below the November - 2014 high of $ 75.47 reached on Tuesday.

With the ability to refine and upgrade crude in Canada and 75,000 barrels per day of committed capacity on the existing Keystone pipeline, Husky says it can grow its heavy oil production without exposure to the WCS - WTI discounts until at least 2021.

On Thursday, it announced it would reduce its production guidance for the year by about 10,000 barrels of oil equivalent per day to an average of about 315,000 boe / d, with exit production of about 335,000 boe / d, to account for lower heavy oil production, an advanced schedule for maintenance at its Tucker oilsands project and a slower ramp up in liquids - rich natural gas output from its BD Project in Indonesia.

Brent crude oil futures were down 14 cents at $ 73.72 a barrel at 1128 GMT, some 2 percent below the November 2014 high of $ 75.47 reached on Tuesday.

Brent oil prices eased off four - month highs of just over $ 75 a barrel set on Monday on worries that U.S. President Donald Trump may pull out of the 2015 Iran nuclear deal and thereby bring back sanctions on its oil output.

In October of 2011, the price of WTI at Cushing, OK was discounted by almost $ US25 per barrel compared to similar oil grades on the U.S. Gulf Coast, only 600 miles away.

LONDON, April 24 - Oil rose above $ 75 a barrel on Tuesday to its highest since November 2014 before paring some gains, supported by OPEC - led production cuts, strong demand and the prospect of renewed U.S. sanctions on Iran.

«We just closed on our first oil asset for $ 150 million, and it produces about 3,500 BOEs — barrels of oil equivalent — a day.

Most North American oil producers, on average, require a WTI price of roughly $ 35 a barrel to break even.

Unlike Grantham, Shilling believes that low global growth will continue to keep pressure on the price of oil, especially when Saudi Arabia, the world's most influential producer, can continue to pump up oil for less than $ 10 a barrel.

Based on a West Texas Intermediate crude oil price of $ 45 per barrel, those deposits are worth about $ 900 billion.

The deal, when announced last autumn, was predicated on a recovery in the oil price to $ 60 per barrel by 2019, an increase that now seems less likely with a glut of crude still circling the globe and keeping prices below $ 50.

«When crude oil goes to $ 55 a barrel, I can take a 12 percent to 18 percent hit on my corrugated [boxes] and plastic packaging,» says the founder of the 15 - person firm.

While the loss of the city has no immediate effect on oil exports, now at over three million barrels a day, it adds to concerns over security and the country's plans to expand oil production.

LONDON, April 24 (Reuters)- Oil rose on Tuesday above $ 75 a barrel to its highest since November 2014, supported by OPEC - led production cuts, strong demand and the prospect of renewed U.S. sanctions on Iran.

Iran's oil exports hit 2.6 million barrels per day (bpd) in April, the Oil Ministry's news agency SHANA reported on Tuesday, a record since the lifting of sanctions, with China and India buying more than half of Iran's ooil exports hit 2.6 million barrels per day (bpd) in April, the Oil Ministry's news agency SHANA reported on Tuesday, a record since the lifting of sanctions, with China and India buying more than half of Iran's oOil Ministry's news agency SHANA reported on Tuesday, a record since the lifting of sanctions, with China and India buying more than half of Iran's oiloil.

With oil trading below $ 50 a barrel, economists are scrambling to determine the fallout of declining energy prices on the U.S. and global economies.

On Thursday, again, the price of oil tumbled with the spot price slipping below $ 75 a barrel; that's a four - year low.

On April 29, more than 28,000 barrels of crude oil sprang from the Rainbow pipeline in Alberta and gushed into the boreal forest and nearby marsh.

Aleida Rios is responsible for the safe, reliable and compliant operations on BP's four offshore platforms in the deepwater gulf, which produce 250,000 barrels of oil equivalent per day.

As it is currently planned the twin pipeline will carry 525,000 barrels of bitumen a day from the oil sands west to a terminal in Kitimat on the B.C. coast, where it could be shipped to Asian refineries, as well as refined oil products used to dilute the bitumen flowing east.

On Wednesday, the Energy Department is expected to report that U.S. crude oil supplies fell last week by 1.5 million barrels, according to a survey of analysts by Platts.

Pressure has been restricted on the 590,000 barrel per day Keystone pipeline since late last year, after the line leaked some 9,700 barrels of oil in South Dakota.

Oil prices came under pressure on Wednesday as weekly government data showed a larger - than - expected rise of 5 million barrels in U.S. crude stockpiles.

West Texas Intermediate (WTI) oil futures for April delivery traded 6 cents higher near $ 61.25 a barrel as of 11:05 a.m., ET, after settling up 23 cents on Thursday.

The tally of oil rigs rose in recent weeks, with oil prices near $ 50 per barrel and demand for drilling equipment on the rise.

U.S. crude futures dipped below $ 28.50, while the international benchmark Brent fell as far as $ 27.79 a barrel after reports that Iran had offered sharp discounts to customers in Europe and Asia to find buyers for millions of barrels of oil in storage that it is now free to sell, after the lifting of most international sanctions on it at the weekend.

«We are well - positioned to execute another year of strong growth for Encana as we prepare to cross the 400,000 boe (barrels of oil equivalent) per day milestone later this year,» said Doug Suttles on a conference call.

Oil prices continued their months - long decline Monday, with the price of crude briefly falling below $ 50 per barrel for the first time in more than five years earlier in the session on account of global oversupply.

Although much of the recent drop in oil prices has been due to the prospect of higher exports from Iran in the coming months (the International Energy Agency forecasts an extra 300,000 barrels a day by the end of March), the dumping of stored oil is essentially a short - term factor, and its influence on crude prices should logically pass quite quickly.

Investors will scour weekly oil inventory statistics from the Energy Information Administration later on Thursday after industry data showed a rise of 2.1 million barrels in crude stockpiles last week.

Brent crude, which is used to price international varieties of oil, was down 47 cents to $ 112.86 per barrel on the ICE Futures exchange in London.

In January energy specialists Wood MacKenzie analyzed its database of 2,222 oil - producing fields around the world and found that a mere 0.2 % of the world's supply would be operating on a cash - negative basis at $ 50 per barrel for Brent.

COPENHAGEN, Oct 9 - Danish oil and shipping group A.P. Moller - Maersk said on Tuesday Maersk Oil was targeting an entitlement oil production level above 400,000 barrels of oil equivalent per day by 202oil and shipping group A.P. Moller - Maersk said on Tuesday Maersk Oil was targeting an entitlement oil production level above 400,000 barrels of oil equivalent per day by 202Oil was targeting an entitlement oil production level above 400,000 barrels of oil equivalent per day by 202oil production level above 400,000 barrels of oil equivalent per day by 202oil equivalent per day by 2020..

A U.S. crude inventory build of 2.6 million barrels in the week through Dec. 25 could keep downside pressure on oil, reports CNBC's Jackie DeAngelis.

LONDON, Nov 1 - Brent crude oil futures fell to $ 108 a barrel on Thursday as investors continued to analyse the aftermath of super storm Sandy.

He estimated a US$ 10 improvement in the difference on Alberta's overall output of 3.2 million barrels per day of heavy oil would result in C$ 50 million a day spilling back into the provincial economy.

BG, which will report full - year results on Feb. 5, said it expected 2015 production volumes to have hit 704,000 barrels of oil equivalent per day (boepd), above its previous forecast of 680 - 700,000 boed, due to new fields that have come on stream in Australia, Brazil and Norway.

Brent crude, used to price international varieties of oil, rose $ 1.33 to $ 108.02 per barrel on the ICE Futures exchange in London.

However, a truck can only carry 200 barrels of oil, compared with 60,000 barrels in one unit train, or nearly 600,000 per day on the Keystone Pipeline - the equivalent of 3,000 trucks.

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.

Production rose to 1.867 million barrels of oil equivalent a day, with oil prices up 8 percent year - on - year.

Meanwhile, the August contract for crude plunged $ 4.40 to close at $ 52.53 (U.S.) a barrel Monday on the prospect of increased oil output from Iran and worries over Greece.

On Monday, WTI closed at US$ 52.22 a barrel, up by 3 percent, while Brent crude settled at US$ 59.02 — its highest since July 2015 — on the back of growing optimism that the OPEC production cut deal is finally having a palpable effect on global supplies of crude oil, and the equally growing worry that the Middle East could be in for more tensions — this time between the Kurdish nation and the countries it inhabits, following an independence referendum in the Kurdistan autonomous region in IraOn Monday, WTI closed at US$ 52.22 a barrel, up by 3 percent, while Brent crude settled at US$ 59.02 — its highest since July 2015 — on the back of growing optimism that the OPEC production cut deal is finally having a palpable effect on global supplies of crude oil, and the equally growing worry that the Middle East could be in for more tensions — this time between the Kurdish nation and the countries it inhabits, following an independence referendum in the Kurdistan autonomous region in Iraon the back of growing optimism that the OPEC production cut deal is finally having a palpable effect on global supplies of crude oil, and the equally growing worry that the Middle East could be in for more tensions — this time between the Kurdish nation and the countries it inhabits, following an independence referendum in the Kurdistan autonomous region in Iraon global supplies of crude oil, and the equally growing worry that the Middle East could be in for more tensions — this time between the Kurdish nation and the countries it inhabits, following an independence referendum in the Kurdistan autonomous region in Iraq.

«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.»