Sentences with phrase «of oil trading»

Bloomberg reports that Kurt Chapman, head of oil trading at Mercuria Energy Group Ltd, positioned colleagues around the world, profited from the oil price volatility, took advantage of storage opportunities, and had his best year since 2009.

One named example is Vitol Group BV, which netted $ 1.6 billion in 2015 due to the extended efforts of its oil trading bodies; the fourth biggest annual profit figure Vitol has seen in its 50 year history.

The figure above is an example of the oil trading system in action on the daily chart (click the chart to enlarge).

«This was after all the headlines are saying hedge funds have never bet this much on rising oil prices, in the history of oil trading.

CARACAS Venezuelan state oil company PDVSA has sued a group of oil trading companies through a U.S. trust over a multi-billion dollar corruption scheme to buy petroleum products below market value, the lawyer representing the trust said on Thursday.

For a company that had hedged a quarter or half of its oil production last year at $ 80 or $ 90 per barrel, they will now suddenly feel the pain of oil trading at $ 60 per barrel.

The San Francisco Chronicle said that Catherine Reheis - Boyd, president of oil trade group Western States Petroleum Association, in a letter to the city of Berkeley had called the labels «forced reproductions of the State's and City's policy opinions.»

They are impaled by the tools of the oil trade in late...

They are impaled by the tools of the oil trade in late 19th and early 20thcentury America.

There are many grades of oil traded, e.g. West Texas Intermediate, Brent.

Not exact matches

Either of these meant that, relative to world prices, Canadian oil was trading at a significant discount in Alberta.

Saudi Arabia's state - owned oil behemoth had planned to begin trading on the country's domestic stock market — the Tadawul — and one or more foreign exchanges in the second half of 2018.

NEW DELHI, May 1 - India asked Japan on Tuesday to help build infrastructure needed to boost the usage of liquefied natural gas in India and elsewhere in Asia, India's oil minister Dharmendra Pradhan said after a meeting with Japan's trade minister Hiroshige Seko.

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.

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.

The crude oil trade was largely responsible for turning around the fortunes of the Montreal, Maine and Atlantic Railway, which owned the train that was eastbound through Lac - Mégantic.

«Thus, the risks of potential «trade wars» and the potential negative impact on the global economy and on oil demand if these risks do materialise should constitute a serious concern for OPEC,» the authors argue.

When [terms of trade] goes up, it means basically we can turn a barrel of oil into 60 shirts instead of three,» he says.

In the first decade of the century, the large integrated oil companies traded at an average discount of between 11 % and 12 % compared to their pure - play competitors, according to a study conducted at the time by Citi Investment Research and Analysis.

A raft of other U.S. economic data also boosted Wall Street, which has traded in tandem with oil for weeks.

Based on a sum - of - the - parts analysis, integrated oil companies traded at a discount to their pure - play competitors, whether they were pure - play upstream, like an Anadarko or a Chesapeake, or downstream, like Valero or Tesoro.

The typical suppliers of this product are trading and oil firms that have close relationship with PDVSA, including Russian energy giant Rosneft.

Marathon Oil Corporation (mro), the upstream division, traded on February 3 at $ 9.27, giving it a market value of around $ 6.3 billion.

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.

Nathan also noted that Marathon Oil's stock has fallen steeply from its all - time high, trading near its all - time low of $ 6.52 that it hit in February.

That's an increase of a little over 35 % from where it was trading four years ago, when oil prices were three times higher.

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.

«These (risks) include the possibility of a sharp tightening of global financial conditions, growing trade tensions, and geopolitical strains — while the outlook for oil prices remains subdued and highly uncertain,» the report said.

That's an advantage today, when every consumer's eyes glow at the mention of seaweed extract and fair - trade argan oil.

For the oil - trading community, the fall of hedge fund manager Andy Hall signaled a heavy blow, but while commodity funds continue to shutter their doors, some are finding other ways to make money, including trading refining margins and calendar spreads.

Additionally, prices for its major commodity exports - crude oil and palm oil - have dropped sharply and its currency, the ringgit, is trading close to its lowest levels since the Asian financial crisis of the late 1990s.

«And, of course, they also trade crude oil and other energy contracts.»

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.

Bloomberg surveyed a bunch of oil traders and energy executives at the conference, and the general sense was that oil would trade between $ 50 and $ 60 per barrel, up from an informal consensus of between $ 40 and $ 60 last year.

The ramifications of the dollar - denominated oil trade are immense: Because oil is priced in dollars, there is huge demand for dollars, lending the U.S. economic and strategic power.

A report that year from the American Petroleum Institute, the industry's trade group, found that women accounted for 17 % of the workforce at oil, natural gas and petrochemical companies.

In light of the tug - of - war in the crude oil space, where prices have traded between the low $ 40s and low $ 50s since March, Cramer used the charts to try to foresee the commodity's future.

So Cramer took to the charts of technician Carley Garner, co-founder of DeCarley Trading, Cramer's colleague at RealMoney.com and author of Higher Probability Commodity Trading, to see what could give in the world of oil to push the commodity out of its range.

The speech to the «Oil and Money» conference in London presents an overall vision for transforming Canada from a continental energy player to a global energy powerhouse, a vision that includes improved trade relations with Asia and a major expansion of infrastructure — pipelines, in other words — to get Alberta oil to far - flung markeOil and Money» conference in London presents an overall vision for transforming Canada from a continental energy player to a global energy powerhouse, a vision that includes improved trade relations with Asia and a major expansion of infrastructure — pipelines, in other words — to get Alberta oil to far - flung markeoil to far - flung markets.

Oil prices were higher in choppy trade on Wednesday, as a bigger - than - expected U.S. crude stock build pressured prices, but large draws of fuel stocks provided some support.

Speaking at the Sohn Investment Conference in New York, the closely - watched DoubleLine Capital LP chief executive officer recommended a trade of shorting, or betting against, Facebook while betting on gains in an exchange - traded fund that tracks oil and gas explorers and producers who could benefit from rising inflation.

Probably the most famous example of a large, negative terms of trade shock is the United States after the oil price spike in 1973:

Richard Sawaya of the National Foreign Trade Council estimates the provision in question could force American companies to exit more than $ 100 billion worth of offshore oil and gas projects worldwide.

«Trade wars, a recession, any notion of any weakness in global economies are going to cut into,» oil prices, Kloza said.

The privately held company began trading crude oil internationally in 1969, according to an online brochure and employs a total of 500 to 1,000 workers, according to LinkedIn.

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.

On Friday, international benchmark Brent crude oil was trading within $ 2 of its 2017 high of $ 58.37.

This causes it to trade at a discount to world oil prices, giving those refiners fatter margins and U.S. consumers a bit of relief at the pump.

China claims most of the South China Sea, an important trade route which is believed to contain large quantities of oil and natural gas, and has been building artificial islands on reefs, some with ports and air strips.

U.S. crude imports are at a 16 - year low, reconfiguring the map of global oil trade.