Sentences with phrase «of crude oil falling»

Meanwhile, U.S. net imports of crude oil fell last week by 1.6 million bpd to 4.98 million bpd, the lowest level since the EIA started recording the data in 2001, reflecting further erosion in a market OPEC has been relying on for decades.

In 2014, the price of crude oil fell by more than half.

Not exact matches

Its crude oil production in the Atlantic region fell by about 14 per cent due to the 10 - day suspension of its SeaRose floating production, storage and offloading vessel in January after an investigation into its response to a close call with an iceberg.

Oil fell Tuesday as a stronger dollar prompted investors to take profits from a two - week rally ahead of weekly data that analysts have forecast will indicate an uptick crude inventories.

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.

Morgan Stanley also noted that oil and gas exports account for nearly 16 percent of Malaysia's gross domestic product (GDP), and the sector has been hard hit by crude prices falling below $ 50 a barrel again.

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.

Overnight, crude oil futures had fallen to a new 13 - year low of $ 29.72 a barrel, although by 0600 ET they had recovered by nearly $ 1 to stand at $ 30.73.

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.

First, I want to look at how the changes not just in oil prices, but also changes in diluent costs, discounts for oil sands crude relative to light crude and, in particular, the fall of the Canadian dollar have changed the outlook for new oil sands projects — for those under construction, and for those currently operating.

And all of this is on a background of oil prices that have basically crashed since the summer, with both Brent and WTI crude prices falling more than 30 % since June to multi-year lows.

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.

The energy sector fell 1.1 percent on the back of a more than 1 percent drop in crude oil prices as the dollar remained near a four - month high.

In a January 2011 memo, though, the Internal Revenue Service found that oilsands crude falls outside the law's definition of oil.

U.S. crude oil futures were up 22 cents at $ 67.46 a barrel as of 10:59 a.m. EDT (1459 GMT), while Brent crude fell 14 cents to $ 72.98 a barrel.

The crudest version of this story says that Ottawa should increase spending as a direct response to the fall in oil prices and the resulting depreciation of the Canadian dollar.

U.S. crude oil production is at a record high but supplies of oil keep falling.

Signs of global economic turmoil are being seen from falling stock market and crude oil prices to the weakest Canadian dollar since 2004.

U.S. crude oil production may be falling faster than many had thought and we are seeing signs of that in Cushing, Okla..

Crude oil prices fell more than 2 % on Friday after Goldman Sachs cut its crude forecasts, citing global oversupply and concerns over the Chinese economy, and after Saudi Arabia dismissed the idea of an oil producer suCrude oil prices fell more than 2 % on Friday after Goldman Sachs cut its crude forecasts, citing global oversupply and concerns over the Chinese economy, and after Saudi Arabia dismissed the idea of an oil producer sucrude forecasts, citing global oversupply and concerns over the Chinese economy, and after Saudi Arabia dismissed the idea of an oil producer summit.

As shown in the following chart, the price of West Texas Intermediate (WTI)-- a benchmark for crude oil — fell early in 2016, sparking a global loss aversion shift as investors began looking for a potentially higher - yielding investment opportunity.

Section 2 (1) of Bill 12 refers to refined products which (oddly) do not fall under the primary production from natural resources, which are defined so as to include crude oil and natural gas but, «not a product resulting from refining crude oil, refining upgraded heavy crude oil, refining gases or liquids derived from coal or refining a synthetic equivalent of crude oil.»

For Angola, Africa's second - largest oil producer, the fall in the price of crude oil has brought changes to its fundamentals, prompting the government, investors and analysts to review their positions on the economy.

High labor costs and the falling price of crude oil have contributed to the industry's dark days, but environmental activists can also take a bow.

Although there has also been a very slight fall in US crude oil production since the start of the year -LRB--1.6 %), with more Iranian and Iraq crude coming online and the demand fundamentals not improving, a significant price rise by the end of the year is unlikely.

Oil prices fell Friday as traders weighed the near - term oversupply of crude against expectations of lower production around the world.

During the day of trading, US crude oil fell by 0.47 percent to end at $ 85.17.

If prices of WTI Crude Oil fall back to the recent lows of about US $ 26.00 pbbl - then expect global equities to test further lows.

Shares in energy companies fell as the price of U.S. crude oil declined.

The first week of 2016 was a challenging one for many financial markets worldwide, as (1) It was the worst opening week of the year in history for both the S&P 500 ® (SPX) and the Dow Jones Industrial Average, (2) The Shenzhen Composite Index of Chinese stocks fell 14.2 %, (3) Crude oil futures (Feb..

Having peaked ahead of the Iraq war and fallen sharply following its commencement, the price of West Texas Intermediate crude oil has since risen again, amidst uncertainty about the resumption and continuity of Iraqi export supply.

In a world of falling prices, however, it will be high cost production from shale formations and the oil sands, not the low cost conventional crude from places such as Saudi Arabia and Iran that will be hit the hardest.

The pick - up in oil prices has been especially noteworthy, with the price of West Texas Intermediate crude oil rising to a new daily record of over US$ 57 per barrel in April, before falling back to around US$ 50 per barrel in early May (Graph 1).

After falling by more than 12 % and after almost reaching our downside target for this quarter, crude oil is showing the first signs of stabilising.

OPEC said Thursday its crude oil output fell last month amid compliance with the oil cartel's agreement to cut production, even as the world's total oil supply continued to rise on the back of burgeoning U.S. shale growth.

The warnings come not from the heavily traded futures market, but from less transparent trading activity in crude oil and products markets, where key U.S., European and Russian crude prices have fallen of late, suggesting less robust demand.

Meanwhile, Bayelsa Elders Council, which met in Yenagoa to review the recent spate of bombings and vandalisation of oil and gas pipelines, called on the perpetrators to desist forthwith in view of inevitable damage it may cause the economy of the states of the region and the nation, especially at a time the country was grappling with falling crude oil price.

Africa's largest economy, which relies on crude sales for around 70 percent of government revenues, has been hammered by the more than 50 percent fall in oil prices since June last year.

The two sub-saharan African countries are the latest in what may become a long line of oil - exporting countries to seek financial assistance to help stem growing deficits as falling crude prices crush revenues.

Africa's biggest economy and top oil producer is reeling from the fall in crude revenues, the source of 95 percent of foreign earnings, which has led to the naira hitting record lows on the parallel market amid dwindling foreign exchange reserves.

But now the country has been running short of dollars as oil revenues have fallen along with the price of crude, pushing the economy into its first recession in a quarter of a century.

He is also expected to speak on the growth prospects of the country, vis - a-vis the current fiscal discipline going into an election and the revised fiscal projections for this year owing to falling price of crude oil on the international market.

«The payment was to be from revenue flows from crude oil which is sold on the international market at bench mark prices but crude oil prices fell and that source of financing the loan became inadequate... So we had indicated that once the processes start, there could be other source of financing repayment for the facility.

A continued high supply of oil worldwide, with more than enough crude oil being produced both in the U.S. and overseas for prices to fall drastically.

Day, after the lifting of sanctions on Iran, which allows that nation to saturate an already oversupplied market with oil, the price of a barrel of Brent Crude fell to less than $ 28 per barrel.

Ironically, the drop in breakevens, which seems to have been overly influenced by the fall in crude oil prices, has occurred against a backdrop of rising core inflation.

The result has been a negative up market capture ratio of -109.7, meaning for every 1 % rise in inflation, the S&P GSCI Crude Oil Excess Return actually fell by 1.1 % on average in the past 10 years.

The January crude contract on the New York Mercantile Exchange fell 99 cents to US$ 59.95 a barrel, adding to a loss of almost $ 3 racked up Wednesday after OPEC cut its forecast for global demand for the cartel's oil.

Our oil short fund PowerShares DB Crude Oil Dble Short (DTO) fell 10.65 % in April, and this time ETRACS 1xMonthly Short Alerian MLP (MLPS) fell 7.51 %, reversing some of the recent gaioil short fund PowerShares DB Crude Oil Dble Short (DTO) fell 10.65 % in April, and this time ETRACS 1xMonthly Short Alerian MLP (MLPS) fell 7.51 %, reversing some of the recent gaiOil Dble Short (DTO) fell 10.65 % in April, and this time ETRACS 1xMonthly Short Alerian MLP (MLPS) fell 7.51 %, reversing some of the recent gains.

Right now at least, pump prices are falling more or less in tandem with crude because of low demand from world economies and larger crude inventories from oil producing countries.