Sentences with phrase «of oil glut»

Now, people talk of an oil glut and can't get away from the energy sector fast enough.

A petroleum refiner, Hess has not escaped the consequences of the oil glut.

OPEC wants to talk to rival shale drillers to learn lessons of oil glut Saudis and US, seen as rivals, are actually growing together: Aramco CEO Saudi Aramco looking to Google parent Alphabet to build tech hub

The oil - price crash, of course, was the result of an oil glut.

The decreases are largely the result of the oil glut and all - time lows for crude prices — last year, mining, oil producers, and metal companies lost a combined $ 70 billion on $ 1.3 trillion in revenue.

Not exact matches

This production, combined with steadily increasing imports from Canada led to a glut in the U.S. Midwest, and a disconnection of the U.S. mid-continent oil market from world markets.

The absence of any attempt by Saudi Arabia and OPEC to reduce the oil glut was one of the great surprises of 2015.

But companies are still feeling the pinch of the massive glut of oil worldwide, which has brought down markets and remains a major policy discussion among international producers.

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.

Prices of commodities like corn, oil, or gold often plunge when producers pump out supply to meet demand, creating inadvertent gluts.

Weeks later, a FirstEnergy Capital report still clung to the idea that ramped - up rail transportation, new heavy - oil refining capacity in the U.S. Midwest and the easing of the storage glut in Cushing, Okla., would keep this monster on a leash.

Keystone XL and Gateway would be big, gaping holes capable of draining the continental oil glut, but things like Enbridge's Line 9 pose a threat to the beavers too.

Whether or not that happens — and frankly, it's an extreme example of the worst - case scenario for US shale producers — a glut of global oil inventories is already weighing on oil prices.

In the case of limiting exports of refined fuel to B.C., he said, the government could argue it is simply pursuing a policy of enhancing value by relieving a glut of unprocessed oil from the oilsands for the good of its citizens.

Oil prices collapsed on Thursday to their lowest since late November as investor worries about the world's stubbornly persistent glut of crude erased most of the gains that followed last year's OPEC's output cut.

Fears of a supply glut have again hit the oil market.

Neal Conan asks about the trade - offs in the oil and gas glut, about how it changes politics around the world, and whether it will delay any transition to clean sources of energy.

Both OPEC and Russia added that they were about halfway finished with clearing the global oil glut, and encouraged members to remain vigilant and set upon their task of reining in production.

First, it effectively takes excess oil out of an already glutted market, which alleviates downward pressure on spot prices.

Oil prices have arisen from the lows set in March, but a glut of inventory and few catalysts for dramatic jumps in global energy demand suggest 2015 earnings will likely be less than half of last year's tally.

With crude oil prices down sharply from last year and the oil glut at risk of increasing, private security consultant Charles Clifton's phone has been ringing.

That's helped to alleviate the glut of oil responsible for the gap between the price of North American barrels and those elsewhere.

Eventually the glut of oil will be too much and the price will start dropping.

The fact is the glut of oil remains even as OPEC and associated countries have done all they can to idle capacity and reduce it.

Even with the added shipments out of the Midwest, a glut of oil remains, and the excess supply has pushed down prices.

These two projects alone are unlikely to be sufficient to completely eliminate the glut of oil in the Midwest, so there is likely still room for TransCanada's Keystone Phase 3 (the southern part of the XL pipeline) from Cushing, Oklahoma to Houston and Port Arthur, Texas.

Oil is also on the rise as inventory data released yesterday (blue circle) is yet another indication that the multi-year supply glut that has been plaguing the market may be showing signs of abating.

The tax selling and deterioration of oil futures combined to escalate the general sell - off in commodities and «it all started with the oil glut.»

West Texas Intermediate crude oil futures have surged to a one - month high on expectations for the first decline in weekly U.S. crude supplies in nearly three months as well as news that a key pipeline will begin service at the start of the year, relieving the glut of oil in the middle part of the...

Joint cuts of 1.8 million b / d have reduced OECD oil inventories towards their five - year average and cleared most of the global glut, with the Saudis cutting even deeper than agreed in an attempt to lift prices well above US$ 80 before selling off shares in Aramco.

In 2016, the Organization of Petroleum Exporting Countries, headed by Oil Major Saudi Arabia, made an agreement between its members and a number of non-member countries to cut their oil production and reduce the global glut that had pushed prices so lOil Major Saudi Arabia, made an agreement between its members and a number of non-member countries to cut their oil production and reduce the global glut that had pushed prices so loil production and reduce the global glut that had pushed prices so low.

A glut of crude oil as demand weakens has ignited a price war among OPEC members, bringing crude prices to four year lows.

In tandem, the era of high oil prices prompted an increase in saving among oil producers... Using the increase in emerging markets» current account surplus as a guide suggests the desired saving schedule has shifted to the right by 1pp as a result of the EM saving glut, which lowers the global real rate by round 25bps.

Faced with a global glut of oil supply, markets have been largely immune to geopolitical risk.

As was the case last week, fueling the sell - off was another dose of disappointing inventory data, which is confirming the market's worst fear that the oil glut isn't going away as quickly as hoped.

During a major industry gathering in Houston this week Ali al - Naimi, Saudi Arabia's oil minister, ruled out the possibility of cutting output, damping hopes of more aggressive action to curb a glut estimated by some traders to be as large as 2m b / d.

National Bank analysts Travis Wood, Dan Payne and Brian Milne said in the note they were watching to see if more oil was moving out of Alberta and Saskatchewan on railway cars to clear out of the glut of crude in storage in Western Canada, which has weighed on domestic oil prices and producers.

By now, it should be obvious that the Saudis and their Gulf allies are playing the long game when it comes to the current oil situation, and that means keeping the taps flowing in the midst of a global glut no matter how low prices go.

This is a glut in terms of the most crude oil we've ever had in North America.

Russia is the leader of the non-OPEC nations that work together with OPEC to jointly curb production in an effort to draw down the global glut and lift oil prices.

The key drivers of the Savings Glut, however, have weakened or reversed: China's growth is rebalancing toward domestic consumption, and its stock of foreign exchange (FX) reserves has declined; other Asian emerging markets have already accumulated sufficient FX reserves and no longer need to accumulate assets; and the plunge in oil prices is forcing a number of oil exporters to reduce savings to delay or smooth the adjustment in expenditures.

Perhaps they have been reading the stories of bottlenecks developing in US shale oil production and have realized that they could have $ 100 oil again without quickly creating a glut of US shale oil.

Last week, Sechin was quoted as saying that the recent rise in oil prices was due to a weak dollar, instead of efforts by OPEC to combat the global crude supply glut.

While the oil industry waits for the worldwide petroleum glut to decrease — something the International Energy Agency believes might occur by the end of the year — frack sand investors can take comfort in the knowledge that 70 %, 88 %, and 87 % of US Silica's, Hi - Crush Partners», and Emerge Energy's respective current and medium - term production is protected by highly profitable contracts.

A global glut of oil made markets complacent, but that sentiment seems to be changing in the face of growing global demand and shrinking supply.

Then there are costs relating to other typical safety issues like the notorious slips and falls, burns and other such calamities associated with hot oil — a key culprit that, itself, racks up an oppressive glut of Workers» Compensation claims.

Drizzle with a few gluts of olive oil and puree until very smooth, adding milk as needed to achieve desired thickness.

Beyond the impact of lifted sanctions, the slowdown in global growth, the strength of the US shale industry and the global glut of oil supply (a surplus estimated at one million bpd) continue to fuel the downward spiral of the market.

The back - up glut of crude oil supplies that have not been brought to market in the US could be made available for purchase by European governments.

My question is regarding the original cause of the inflation: Venezuela has had runaway inflation since the economy rebounded following the oil glut in the 1980's.