Sentences with phrase «of oil analysts»

Not exact matches

«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.

The price of oil has risen to its highest since late 2014 this month, driven by concern over the potential for disruption to Iranian crude flows, but analysts say the degree of uncertainty hanging over the deal means the market is extremely sensitive to any developments.

While the effects of a possible trade war are still just in the realm of possibilities and analysts are waiting for all the rhetoric dust to settle, if trade and economic growth were to weaken, they could affect the pace of oil demand growth.

Though some analysts have worried that the intransigence of European lenders would force Greece into Russia's sphere of influence, it's not clear just what Russia could do for the Greeks, given Russia's own economic troubles amid low oil prices and Western sanctions.

During oil's deep decline, Schlumberger offered to drill in oilfields that were on hiatus in exchange for a share of future production, a move that was «very controversial» and has yet to pay off, says Colin Davies, an analyst at Bernstein.

Internal studies by a group of analysts within Shell known as the «scenarios» team had concluded that global demand for oil might peak in as little as a decade — essentially tomorrow in an industry that plans in quarter - century increments.

«The idea that gasoline demand is actually rising suggests that perhaps the lower prices of crude are actually prompting a greater usage of this product (gasoline),» said Vyanne Lai, oil analyst at National Australia Bank.

Jefferies equities analyst, Jason Gammel discusses how geopolitics are influencing oil prices in the first trading day of 2016, and when oil equities will become a buying opportunity.

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.

Oil traders are eagerly anticipating an extension to OPEC's production cut this week, but one analyst has told CNBC that comments from the oil cartel could be just as powerful in propping up the price of the commodiOil traders are eagerly anticipating an extension to OPEC's production cut this week, but one analyst has told CNBC that comments from the oil cartel could be just as powerful in propping up the price of the commodioil cartel could be just as powerful in propping up the price of the commodity.

We have a different view on inflation, which we see below 2 percent even in 2018,» analysts at Bank of America Merrill Lynch said in a note on Wednesday, explaining that oil prices will keep headline inflation low.

While most analysts don't think the price of oil will plummet anytime soon, any downward movement will ultimately cascade to other sectors of the Alberta economy as investment in the sector slows, McColl cautions.

Analysts estimate that a sanction - free Iran could add another 1 million barrels per day of oil to global supply by 2016, providing a supply cushion if U.S. shale producers end up running out of financing.

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.

«Oil supplies (from the United States) are continuing to grow and there are no signs of a reversal,» said Fawad Razaqzada, market analyst at futures brokerage Forex.com.

«If the oil price is going down, it's very difficult to stand in front of that speeding train and hope you are in the one or two stocks that aren't highly correlated with the downward movement,» says Randy Ollenberger, an analyst with BMO Capital Markets.

But the first three months of the year could be the biggest hurdle for the small companies to clear, Abhishek Deshpande, an oil markets analyst at Natixis, explained.

He flunked out, he says, of honours chemistry at McGill, and after graduating with a general science degree, worked for a while at Shell Oil as a business analyst.

At a time when tech analysts tended to be exuberant bulls while bankers were more skeptical, «Ruth was the oil in the machinery» that helped the team agree on which transactions to back, says Joe Perella, then head of Morgan Stanley's investment banking.

«At this point, and in the context of oil prices that are within striking distance of what we envision to be cyclical highs over the next 6 to 12 months, we think the Exxon short has essentially run its course,» Raymond James analyst Pavel Molchanov wrote.

Oil majors and large independent drillers need to shore up their asset portfolios after several years of underinvestment during a price slump, analysts say.

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.

The US may export more oil in 2017 than four OPEC member states produce, according to a survey of energy analysts by Bloomberg.

Analysts interpreted this move as an attempt to squeeze higher - cost producers, including U.S. shale oil, out of the market.

«This year, however, (OPEC's) production curbs will increasingly have to make do with playing second fiddle to a Texas - sized wave of U.S. shale growth,» Stephen Brennock, oil analyst at PVM Oil Associates, said in a research note Wednesdoil analyst at PVM Oil Associates, said in a research note WednesdOil Associates, said in a research note Wednesday.

Series 3 holder and oil analyst, he became an energy trader for Bear Stearns handling a variety of customer and house accounts in all energy futures and options rings.

A number of analysts have predicted that the price of oil could decline to $ 20 in which case the pain is likely to get worse in the short - term here.

Oil prices could continue trading sideways ahead of the U.S. elections just six days away, analysts said.

In a note on Friday, Morgan Stanley analysts wrote that the recent gain in the US oil - rig count is one reason why they are losing conviction in their call for a re-balancing of the market by mid-2017.

CNBC's Jackie DeAngelis reports the latest results of CNBC's exclusive oil survey on what analyst, traders and major energy fund investors expect to see in the oil space in upcoming months.

CNBC's Jackie DeAngelis reports the latest CNBC poll results of analyst and traders on where they think oil prices and production are likely headed.

The red flags of an imminent U.S. embargo on Venezuelan crude are already apparent, according to an oil analyst, with ramifications of such a move likely to exacerbate an unprecedented economic meltdown.

Once supply and demand come back into balance, points out Fadel Gheit, Oppenheimer's senior oil analyst, prices should gravitate toward the marginal cost of production of new barrels.

Oil prices will be in the $ 60 range by the end of the year, says Pavel Molchanov, senior vice president and energy analyst at Raymond James.

Pavel Molchanov, senior vice president and energy analyst at Raymond James, predicts oil could reach $ 60 by the end of the year.

You can not outsource its collection, analysis or delivery,» said Bhakhri, whose employer EOG has been dubbed «the Apple of oil» by analysts because of its use of in - house technology and data analytics.

On the other hand, one can only ponder how long they are willing to shoulder the burden of supporting oil prices on their own,» PVM Oil Associates analyst Tamas Varga saoil prices on their own,» PVM Oil Associates analyst Tamas Varga saOil Associates analyst Tamas Varga said.

«We continue to review our capital program in the context of the current market and are evaluating reducing our heavy oil drilling program for the second half of 2018 and substituting a light oil program instead, if it makes sense,» said president Tim McKay on a call with analysts.

BP beat analyst expectations on Tuesday, as higher crude prices and rising production levels helped to fast - track a recovery in one of Europe's largest oil and gas companies.

Analysts at Canaccord Genuity said Monday the project's $ 5.3 - bilion northern leg «is no longer a necessity» for Canadian oil sands producers, thanks to the sudden rise of crude - carrying unit trains and rival pipeline schemes proposed by Enbridge Inc..

«This is a clear sign of how spoilt Asia is for choice these days, with Middle Eastern crude now having to compete with oil from other regions,» Amrita Sen, the chief oil - market analyst at Energy Aspects Ltd., a London - based consultant, said in an e-mail.

Marathon also announced first - quarter earnings per share of $ 0.08, which missed analyst expectations for $ 0.15 in EPS and perhaps added to pressure on the stock, but news of the huge merger in the oil sector occupied most of investors» attention today.

The upper end of that projection — oil prices at US$ 60 — is below most of the current analyst forecasts, with expectations for the WTI price predominantly in the low US$ 50s, or below.

Many prominent analysts, including British financials firm Standard Chartered's chief economist, now see oil climbing above $ 60 by the end of the summer.

Talk is growing of a nuclear deal that could see a lifting of sanctions against Iran, a move that could turn the tap on its oil exports — something that would have significant ramifications for the volatile commodity, analysts say.

What's more, analysts with Bank of America Merrill Lynch believe that oil demand will peak sometime after 2050, «as long as we remain in a relatively low oil price environment of $ 55 - 75 per barrel in real terms.»

But the steep tumble from $ 100 - per - barrel oil has helped cut short the age of big, multi-year mine developments, forcing companies to shelve other large projects; analysts expect smaller, more modular expansion projects from here on in.

In spite of analyst warnings, prices remained stable after the third weekly crude oil inventory increase, suggesting that market players have already factored in the prolonged consequences of Hurricane Harvey and Irma on oil dynamics in the United States.

S&P Platts said at the start of this week that analysts it polled had forecast a 2.4 - million - barrel build in crude oil stockpiles, with the agency warning this would pressure prices, along with a surge in oil imports.

Analysts honestly consider that these oil fields will be abandoned for any length of time?