Sentences with phrase «oil analyst»

«Consumers are in the best mood they've been in since the financial crisis, and that usually equates to more gasoline usage,» said Phil Flynn, senior oil analyst at Chicago - based Price Futures Group.

«From a pure demand perspective, the China risk is pretty much priced in,» said Matt Parry, senior oil analyst at the International Energy Agency in Paris, in an email.

When the year began, many investors anticipated strong earnings growth mostly coming from the energy sector, and many oil analysts had targeted crude prices in the upper US$ 50s to low US$ 60 / barrel range over the course of 2017.

The recent High Court litigation involving Roman Abramovich and the development of part of the Priobskoye oil fields, regarded by one oil analyst as the «pearl of Western Siberia», addresses important issues of jurisdiction in civil fraud cases.

Oil analysts say forecasting the timing of a bottom in prices has been particularly difficult because of the unknowns around U.S. production, and most have now extended their forecasts for low oil well into next year.

A number of oil analysts expect the next big drop, and possible bottom in prices, to come when the U.S. refining industry shuts down some capacity for maintenance between early September and early November.

Oil prices could soon skyrocket to more than $ 100 a barrel amid escalating tensions in the Middle East, one oil analyst told CNBC Friday.

However, monthly figures show U.S. oil production flatlining recently, and even dipping in June, said Amrita Sen, chief oil analyst at research consultancy Energy Aspects.

A recent assessment by Citi oil analysts warned investors that Alberta syncrude»... is not a fuel source that sits naturally within a low carbon economy and is unlikely to be a strategic winner as climate regulation tightens, albeit gradually, in North America.»

Nevertheless, the current oversupply woes have forced investment banks and other oil analysts far and wide to downgrade their oil price forecasts.

The expected strong demand growth, coupled with OPEC's production cuts, is making oil analysts and traders at the Singapore conference more bullish this year than at the same event last year, according to Bloomberg.

Related: Oil Analysts Baffled As Venezuela Ditches Petrodollar

The arm chair oil analysts are out en masse.

GMP First Energy's oil analyst Martin King told a Calgary business audience May 2 that oil could reach US$ 75 a barrel in two years.

Genscape oil analyst Carl Evans said that, even with crude prices below $ 50 (U.S.) a barrel over the past two years, heavy bitumen production in Canada's oil sands region has continued to grow.

«Despite an oil price of over $ US70 per barrel and the fact that the oversupply has been eliminated, a phase - out of the production cuts will not be on the agenda,» Commerzbank oil analyst Carsten Fritsch said.

So the only option is to steal and we're seeing a resurgence of that,» said Ecobank oil analyst Dolapo Oni.

Robert Hirsch testified before the House Science & Technology Committee on February 29, that the dean of world oil analysts, Charlie Maxwell, «expects gasoline at $ 12 - 15 per gallon within a few years».

It uses enough natural gas to heat three million houses, and even oil analysts consider the use of a clean fuel to make a dirty one poor alchemy, its «turning gold into lead»

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«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 Wednesday.

When the year began, many investors anticipated strong earnings growth mostly coming from the energy sector, and many oil analysts had targeted crude prices in the upper US$ 50s to low US$ 60 / barrel range over the course of 2017.

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.

«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.

Oil analysts at Tudor, Pickering, Holt & Co, who encourage Exxon shareholders to sell, said in a note to clients on Monday that Tillerson's experience could be a benefit to the incoming Trump administration.

The red flags of an imminent U.S. embargo on Venezuelan crude are already apparent, according to an oil analyst.

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.

«Few can dispute that 2017 belonged to OPEC after it successfully reasserted its pricing influence over the oil market,» Stephen Brennock, oil analyst at PVM Oil Associates, said in a research note Wednesday.

Such a move would act as the death knell for Venezuela's oil industry,» Stephen Brennock, oil analyst at PVM Oil Associates, said in a research note Wednesday.

«Many refineries are still out or with low runs so a build in crude oil inventories is expected next week and a draw on diesel, heating oil with gasoline moving sideways because no cars are moving,» said Michael Poulsen, oil analyst at Global Risk Management in Copenhagen.

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.

«While we wait to see if an unparalleled decades - long agreement between so many producers can be achieved, one thing seems certain — there is no expire date in sight for the Saudi - Russia romance,» Stephen Brennock, oil analyst at PVM oil associates, said in an email on Wednesday.

«I think it's certainly something that OPEC would like very much... And I think the agreement that they struck — that is with OPEC and non-OPEC members — actually took them quite a large step towards that,» Colin Smith, oil analyst at Panmure Gordon, told CNBC Wednesday.

Miswin Mahesh, oil analyst at Barclays, agreed that a gradual recovery for oil markets was «still in place as non-OPEC supply reduces» and predicted that prices would not fall below $ 30 a barrel due to the lack of a deal.

We are hours away from the highly anticipated OPEC meeting and oil analysts are coalescing around two possible scenarios that leave very little middle ground: if OPEC reaches a deal, oil prices could be heading well over $ 50 per barrel.

While struggling OPEC and non-OPEC oil producers might not be so sanguine about a failure of talks admittedly not many producers or oil analysts were optimistic from the start.

«I think it's certainly something that OPEC would like very much... And I think the agreement that they struck — that is with OPEC and non-OPEC members — actually took them quite a large step towards that,» Colin Smith, oil analyst at Panmure Gordon, told CNBC.

Oil analysts are basically unanimous now in saying the company needs to rein in spending if it hopes to provide better returns to shareholders.

Said Sanford Margoshes, an oil analyst at the Shearson Lehman Bros. investment firm: «Texaco has bought time.

This point reflects the analysis by a host of climate experts, the Environmental Protection Agency, Wall Street financial institutions, and oil analysts that the State Department's environmental review critically underplays the pipeline's impact.

He was one of the first «conventional» oil analysts to publish research in to the potential cost of carbon for oil companies with two reports in 2008 and 2013, both called «Oil & Carbon.

In the report on peak oil commissioned by the US Department of Energy, the oil analyst Robert L.Hirsch concluded that «without timely mitigation, the economic, social and political costs» of world oil supplies peaking «will be unprecedented.»