Sentences with phrase «of barrels of oil in»

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.

On July 24th, the price of a barrel of oil in America reached a low of $ 48.

Not exact matches

The field, covering nearly 75 square miles, was discovered in 1911 and has produced over 2 billion barrels of oil equivalent (BOE), making it one of the most productive fields in the United States.

Prime Minister Stephen Harper lent support to the 1,200 - kilometre, $ 6 - billion pipeline that would carry more than 500,000 barrels a day of crude oil from Edmonton through the Rockies to Kitimat, B.C., where it could be transported by tanker to markets in the U.S. and Asia, including China.

Netbacks, profit after subtracting transport and other expenses, averaged C$ 16.80 per barrel of oil equivalent in the first quarter, compared with C$ 21.25 a year earlier.

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.

«Despite the temporary pullback in production in the first quarter, we still expect our oil sands volumes for the year to be within our original guidance of 364,000 to 382,000 barrels per day,» he told a conference call with analysts.

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.

The Irvings had their hopes dashed in October when plans were scrapped for the $ 15.7 - billion Energy East pipeline, which would carry over a million barrels of oil from Alberta to Saint John, N.B. every day, some of which would be processed at Irving Oil's refineoil from Alberta to Saint John, N.B. every day, some of which would be processed at Irving Oil's refineOil's refinery.

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.

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.

The Permian continues to boom, and even in case of takeaway capacity constraints — which have led to around $ 11 a barrel discount of Midland, Texas, oil to Brent — Permian producers would pump at profit if Brent were to rise (and stay) at $ 80, Bloomberg's Denning argues.

In 2008, Jeff Rubin, then an economist with CIBC, predicted the price of oil would hit $ 225 a barrel in four yearIn 2008, Jeff Rubin, then an economist with CIBC, predicted the price of oil would hit $ 225 a barrel in four yearin four years.

At its peak, in the spring of 2012, light oil at Edmonton was trading at a discount of almost $ CDN 40 per barrel to Brent prices, and at a discount of almost $ CDN 20 / barrel to U.S. mid-continent prices.

Total upstream production came in at 689,400 barrels of oil equivalent per day in the first quarter, compared to 725,100 boe / d in the prior year quarter, as oilsands output fell to 404,800 barrels per day from 448,500 bpd.

The company operates in over 70 countries and produces about 3.7 million barrels of oil a day.

Canadian crude oil exports, in 1000s of barrels per day, to US Petroleum Administration Districts for Defence (PADDs).

Oil output in Venezuela, a member of the Organization of the Petroleum Exporting Countries, has fallen from almost 2.5 million barrels per day to just around 1.5 million bpd currently due to political and...

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.

With oil selling for around $ 100 a barrel and gasoline prices high, sales of cars that plugged in rather than filled up were beginning to climb.

In the room were some 1,500 energy sector executives, most of them in a tetchy mood, given that oil was south of US$ 50 a barrel and over 35,000 Albertans had lost oilpatch jobs up to that point in 201In the room were some 1,500 energy sector executives, most of them in a tetchy mood, given that oil was south of US$ 50 a barrel and over 35,000 Albertans had lost oilpatch jobs up to that point in 201in a tetchy mood, given that oil was south of US$ 50 a barrel and over 35,000 Albertans had lost oilpatch jobs up to that point in 201in 2015.

LOWER PROFILE: Shell's Appomattox oil platform, capable of reaching 175,000 barrels of oil per day, will soon be active in the Gulf of Mexico.

But van Beurden has been slimming down his portfolio of oil projects with the intent of keeping only those lean enough to make good returns in a world in which oil prices average no more than $ 40 a barrel, well below the average price over the past decade.

The international price of oil had dropped an additional US$ 20 per barrel since the Bank of Canada's last economic outlook in October.

He believes the price of oil will climb back to $ 65 (U.S.) a barrel in the short term and to $ 100 within the next five years.

It will operate in the Gulf of Mexico and has been pared down to be profitable with oil at $ 50 per barrel.

Pipeline outages in Iraq and Nigeria have removed more than 800,000 barrels of crude oil per day from the market for at least the next two weeks.

Last March, Royal Dutch Shell said it was selling most of its stake in Canada's oil sands, a vast project that has extracted millions of barrels of sticky, gooey hydrocarbons from the ground in a process that resembles mining more than drilling.

The day before Marathon announced it was breaking up in January 2011, the combined company had a market value of around $ 28.9 billion, when oil was trading at around $ 90 to a $ 100 a barrel.

Total produced 2.703 million barrels of oil equivalent per day (boe / d) in the first quarter, driven by ramp - ups and new acquisitions, up more than 5 percent compared to the same period in 2017, and above analysts» estimates of 2.663 million boe / d.

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.

The project's three fields, Chayvo, Odoptu, and Arkutun Dagi, produce some 100,000 barrels of oil a day in temperatures that drop to nearly 50 degrees below zero.

«When we price in $ 70 [per barrel] oil, part of that is future supply continuity,» Kilduff explained.

This comes after the Norwegian oil company Statoil said it found an area containing up to 130 million barrels of oil in the North Sea.

An estimated average of 20 billion barrels of oil and 1.6 billion barrels of natural gas liquids are available for the taking in the Wolfcamp shale, which is in the Midland Basin portion of Texas» Permian Basin.

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 AmericIn 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 Americin 2013 would dip by about 100,000 barrels per day compared to previous forecasts, mainly because of increased production in North Americin North America.

OPEC, along with Russia and several other producer nations, is keeping 1.8 million barrels a day off the market through the end of the year in order to shrink global stockpiles of oil.

Near the end of August, the price of oil dipped under $ 40 a barrel for the first time in more than six years, further imperiling Canada's sluggish economy.

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-continenIn 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-continenin 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-continenin 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-continenin the mid-continent.

The price of a barrel of oil, using the WTI benchmark, rose from $ 29.70 to $ 76.32 from mid-2000 to mid-2010, an increase of 157 % in only 10 years.

Mike Kelly predicts an oversupplied oil market in 2018 causing oil to stabilize around $ 40 per barrel in the second half of next year.

When combined with the Company's existing 10,000 barrel per day agreement for in - field gathering with Oryx Midstream Services and planned investment of approximately $ 20 million in its own oil gathering system in 2018, PDC believes this agreement ensures its ability to successfully produce and deliver volumes in accordance with its current development plan.

For the past two years, energy stocks have looked quite dirty, as the price of oil sank to a latter - day low of US$ 27 a barrel in February.

In 2012 and the first half of 2013, Canada's oil exports averaged about 2.4 million barrels per day.

Between June 2012 and July 2013, the difference between the landed costs of Saudi Light oil into the U.S. and the price of light oil at Edmonton was $ 18.48 per barrel, while the difference in costs between Mexican Maya landed in the U.S. and Western Canada Select heavy blend at Hardisty, AB, was $ 29.02 per barrel.

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.

The EPA found that, of the 20,000 barrels spilled in Michigan, approximately 4000 barrels of oil remain trapped in river sediment, so clearly it can sink.

Economists are now fretting over daily swings in the price of oil, which recently surged to more than US$ 105 per barrel — its highest level in more than two - and - a-half years.

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.

One oil bull did jump into the fray: «The price of oil will be $ 1,000 a barrel in 20 years.»