Sentences with phrase «oil balance of»

Sweet orange oil may assist in correcting the oil balance of the skin and is commonly used to address blemishes and age spots / pigmentation.

Soap removes your natural oil balance of your skin causing dryness, redness, and more breakouts.

Not exact matches

For Saudi Arabia, the price of oil needed to balance the 2018 public spending is $ 83 a barrel.

The OPEC member that needs the «lowest» price of oil to balance this year's expenditure is Iran, at $ 52 a barrel, according to data by RBC Capital Markets.

If this unofficial oil price target were reached, however, it could backfire spectacularly on both sides of the oil - market - balance equation — supply and demand.

What Oliver should have done was backtrack on Harper's pledge to balance the budget, recognizing that the collapse of oil prices would cause private investment to disintegrate.

According to RBC Capital Markets, OPEC's producers need oil even higher — at an average of $ 88 a barrel — to balance their public spending this year, Bloomberg Gadfly's Liam Denning writes.

Although OPEC and allies have never officially targeted any specific price of oil with the production cut agreement, each member of the pact knows very well where they want oil prices to be in order to balance their budgets that have been stretched thin in the price plunge.

Shell's Chief Executive Officer Ben van Beurden said the oil sector had yet to emerge from troubled waters, but huge cost savings meant oil majors were getting closer to balancing their operations at today's oil prices of around $ 50 a barrel.

So, while low oil prices will make this a trying quarter for the entire energy industry, companies with a more balanced portfolio of assets should fare better than the pure - plays.

That entity, which has a balance sheet of 4.5 billion euros ($ 5.3 billion), was severing links with coal, tar sands crude, and oil shale.

Despite recent volatility in the price of oil, the CEO of BP believes the market is currently balanced and production is meeting demand on a daily basis.

Pardy expects we'll see a gradual shift out of integrated oil companies and into riskier, more volatile exploration - and - development and oilfield services stocks that can offer more upside, although he stresses that you can't lose sight of the companies» balance sheets.

«Particularly with oil prices hitting lows at some point in the first quarter... lots of sub investment - grade firms could be under a lot of stress, and for those with stronger balance sheets, those companies could take this as an opportunity to buy and acquire assets,» Deshpande said in a phone interview.

That's a sharp decline in two quarters, in large part attributable to the drop in oil prices, the effects of which are still working their way through company balance sheets.

This does not necessarily mean that low oil prices would guarantee a deficit, a government committed to balancing the books can ensure surpluses through spending deferrals or further raiding of Employment Insurance premiums, though those create their own problems.

That could cut off a major supply of oil while potentially handing the region's balance of power to Iran, which could end up in control of the routes used by 40 % of the world's seaborne oil.

A rising oil price is positive for fiscal balances, but it slows long - term reform, says Jan Friedrich, head of Middle East & Africa sovereign ratings at Fitch Ratings.

Legislators in a handful of oil - rich states are struggling to do the seemingly impossible as the 2016 fiscal year draws to a close this week: balancing their budgets, as required by law, despite massive declines in revenues due to falling oil prices.

The transit costs of moving crude by rail from North Dakota across the country tips the balance in favor of foreign oil.

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.

It took some painful cuts and some reorganization of state agencies to balance the budget, and Texas is one of only seven states — mostly oil - producing ones — that saw revenues decline last year, according to the National Association of State Budget Officers.

CALGARY — Cenovus Energy Inc. (TSX: CVE) is raising $ 1.5 billion through the sale of 67.5 million common shares in a move aimed at shoring up its balance sheet in the face of oil prices that have fallen to half the level of June.

In developing the National OCS Program, which has also been known as a Five Year Program, the Secretary is required to achieve an appropriate balance among the potential for environmental impacts, for discovery of oil and gas, and for adverse effects on the coastal zone.

Oil prices rose after an Organization of Petroleum Exporting Countries (OPEC) deal in November sparked optimism that production cuts would help bring supply and demand into balance.

Because I don't see the capital markets continuing to fund non-conventional oil drilling when the ever present risk of prolonged low prices, or worse another step down I therefore see the balancing of the market occurring sooner then you suggest.

Now, global supply and demand has been better balanced and that «s pushing up the price of oil to the highest levels that we «ve seen since 2014, and that «s largely the culprit.

Provincial outlooks becoming more balanced in 2017 RBC expects the economies of Alberta, Saskatchewan, and Newfoundland and Labrador to contract further this year as the oil - producing provinces continue to struggle with low revenues and private sector restraint.

While the near - zero balance of opinion suggests that labour market slack remains, the indicator has continued to improve gradually since the oil price shock, as conditions in affected regions have bottomed out.

For the balance of 2018, WPX has 57,500 bbl / d of oil hedged at a weighted average price of $ 52.82 per barrel; 130,000 MMBtu / d of natural gas hedged at a weighted average price of $ 2.99 per MMBtu; and 12,100 bbl / d of NGL hedged.

Of course, supply and demand will have to balance out over time, and more Iranian crude will force a larger adjustment from U.S. shale, so U.S. oil production could see a deeper contraction.

The interview is a bit of pure madness, but it brings up an interesting point about the financial media's continued inability to understand the difference between a trend and three or four deals involving oil sand projects and how assets factor into individual balance sheets.

Chase Manhattan next had Hudson develop an accounting format to analyze the US oil industry balance of payments.

India imports nearly 75 % of its oil (source: Central Statistical Office, India), so sustained low crude prices improved the inflation picture and current account balance (source: Bloomberg data).

«We're out of balance right now and [sanctions] would make us more out of balance,» said Rick Joswick, managing director for oil with the PIRA Energy Group, a unit of S&P Global Platts.

According to Oliver's statement the government has an «unwavering commitment to balance the budget», but right now, because of lower oil prices, no one believes that Oliver can do it without some «voo doo» budget magic.

«Based on the Saudi current - account balance, Aramco had revenues of $ 160 billion last year from just oil and refined products exports when the average price of oil was $ 43 a barrel,» Fareed Mohamedi from the Rapidan Group said.

Until a balance is restored between supply and demand, though, Saudi Arabia is willing to endure the current low price of oil, even as its own budget, heavily reliant on energy revenues, faces a deficit of $ 98 billion, or 15 percent of gross domestic product, for fiscal 2016.

While Basic Energy Service reemerged from bankruptcy at the end of last year with a more sustainable cost structure and improved balance sheet, it needs higher oil prices to thrive, because those prices will drive customer demand for its services.

With managed decline rates of roughly 4 % — 5 % in the existing oil wells and declining industry investment, we think it's inevitable that oil supply and demand will come back into balance at some point in the future.

Russia is considering a wide range of scenarios on what to do with a multilateral effort to balance the global oil market, its energy minister said.

Independent economists, such as those at Toronto - Dominion Bank, say Harper can only forecast balanced books this year if he assumes the price of oil will bounce back somewhat.

Still, we see less risk of a renewed oil price plunge and the potential for a gradual rise toward long - term equilibrium levels around $ 60 a barrel, where supply and demand are likely to find a better balance.

Mueller - Glissmann and colleagues forecast that «balance» would return to global oil markets by 2016 and they upgraded their 12 - month view of the commodity sector to «overweight» from «neutral».

But give credit where credit's due — Woodside was the only large oil & gas company in Australia to record a profit in 2015 and continues to operate with a strong balance sheet and sufficient buffer at a break - even point of US$ 28.40 a barrel.

With the Alberta twist on LOL — lower for longer oil prices — the government has cancelled its earlier promise of a balanced budget by 2020.

Iran plans to increase production to 4 million barrels a day, an increase of 33 percent over February's output, before it will join other suppliers in seeking to balance the global oil market.

Oman, the poorest Gulf Arab country on the basis of economic output per person, was cut for the first time by Moody's Investors Service, which cited the negative impact of lower oil prices on government finances, economic performance and balance - of - payments.

In fact, survey measures of credit conditions have remained reasonably well balanced since mid-2014 despite the decline in oil prices.

In environmental policy, the Party promises stronger greenhouse gas emission regulations and enforcement in the oil - patch; a water management plan to ensure that current and future needs are balanced; a moratorium on additional resource development on lakeshores and lake beds; a Green Energy Plan to support green energy projects and move the province away from coalpower; and a land - use framework that curbs urban sprawl and safeguards farmland and habitats in the vicinity of cities.