Sentences with phrase «oil barrel prices»

After the rise of oil barrel prices there has been a sharp decline in the sales of thirsty full size SUVs and has forced Porsche to speed up... Read More

Not exact matches

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

Andurand, who runs oil hedge fund Andurand Capital Management LLP, wrote in a string of tweets on Sunday that companies may be less willing to risk investment in long term oil projects because of low crude barrel prices and a predicted peak in electric vehicle demand.

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.

Brent oil prices eased off four - month highs of just over $ 75 a barrel set on Monday on worries that Trump may pull out of the 2015 Iran nuclear deal and thus bring back sanctions on its oil output.

The much - anticipated international listing of Saudi Aramco — the world's largest oil company — is likely to be delayed until 2019, but that decision makes sense given that oil prices are expected to head to $ 80 per barrel, a private equity investor said.

Oil prices reflect the value of the marginal barrel.

In 2008, Jeff Rubin, then an economist with CIBC, predicted the price of oil would hit $ 225 a barrel in four years.

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.

April 30 - Strong compliance with OPEC - led production cuts, robust demand and supply disruptions in the Middle East are likely to lift oil's average price this year to above $ 67 a barrel, a Reuters poll showed on Monday.

The long - awaited international listing of Saudi Aramco is likely to be delayed, but the wait makes sense as oil prices are tipped to touch $ 80 per barrel, said Fadi Arbid, founding partner and chief investment officer at Amwal Capital Partners.

Coincidentally, the light oil price forecast of the day had also crept up, to U.S. $ 24 / bbl plus inflation, with oilsands production expected to reach 2.2 million barrels per day by 2015.

In fact, with oil prices increasing only with inflation from $ 18 / bbl in 2000, the NEB expected total oilsands production to reach 1.6 million barrels per day by 2015.

Brent oil prices eased off four - month highs of just over $ 75 a barrel set on Monday on worries that U.S. President Donald Trump may pull out of the 2015 Iran nuclear deal and thereby bring back sanctions on its oil output.

In October of 2011, the price of WTI at Cushing, OK was discounted by almost $ US25 per barrel compared to similar oil grades on the U.S. Gulf Coast, only 600 miles away.

With oil selling for around $ 100 a barrel and gasoline prices high, sales of cars that plugged in rather than filled up were beginning to climb.

Cost has become a big concern, as the price of a barrel of oil dipped below $ 50.

The general view among industry pundits was that price swings would remain relatively low, with oil trading between $ 50 and $ 60 a barrel — exactly what unfolded.

But van Beurden has been slimming down his portfolio of oil projects with the intent of keeping only those lean enough to make good returns in a world in which oil prices average no more than $ 40 a barrel, well below the average price over the past decade.

The international price of oil had dropped an additional US$ 20 per barrel since the Bank of Canada's last economic outlook in October.

He's worked at AIMCo since 1998, the year oil prices plunged to US$ 10 a barrel.

He believes the price of oil will climb back to $ 65 (U.S.) a barrel in the short term and to $ 100 within the next five years.

Most North American oil producers, on average, require a WTI price of roughly $ 35 a barrel to break even.

The Bank's base - case projection assumes oil prices around US$ 60 per barrel.

At a press conference later, Poloz dismissed a spate of disappointing economic indicators, and he shrugged off a question about the slide of oil prices to below $ 38 (US) per barrel.

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.

Unlike Grantham, Shilling believes that low global growth will continue to keep pressure on the price of oil, especially when Saudi Arabia, the world's most influential producer, can continue to pump up oil for less than $ 10 a barrel.

Vito had been designed with a rough assumption of a long - term oil price around $ 80 a barrel.

In the oil markets, prices dropped back from $ 90 amid some profit - taking — benchmark oil for October delivery was down $ 1.03 to $ 89.18 per barrel in electronic trading on the New York Mercantile Exchange.

Based on a West Texas Intermediate crude oil price of $ 45 per barrel, those deposits are worth about $ 900 billion.

Nigeria's nationwide oil - worker strike ended over the weekend, and oil prices fell as low as $ 67.55 per barrel on Monday.

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.

Oil prices were steady on Thursday following a larger - than - expected increase in U.S. crude inventories: U.S. crude futures were higher by 0.04 percent at $ 67.96 per barrel and Brent crude futures for July delivery were flat at $ 73.36.

«When we price in $ 70 [per barrel] oil, part of that is future supply continuity,» Kilduff explained.

So although the air travel industry faces two huge challenges — the rising price of oil, and the environmental impact of the roughly 1.5 billion barrels of jet fuel that the airline industry burns through each year — the solutions are likely to be all but invisible.

The Russian government said that it expects oil prices to be between $ 50 and $ 55 per barrel in 2017.

Despite a recent OPEC agreement to cut oil production and boost prices, it is unrealistic to expect that the commodity will reach $ 65 a barrel in the near term.

As oil prices were in free fall then, Saudi Arabia and Russia led other oil - producing nations to agree to curb production by 1.8 million barrels a day.

Near the end of August, the price of oil dipped under $ 40 a barrel for the first time in more than six years, further imperiling Canada's sluggish economy.

The funds, with more than $ 4 billion under management, can still make money on its drillco investment even after oil prices slipped below $ 45 per barrel this month on oversupply concerns.

In fact, in the 10 years previous to the January 2011 cut - off of the graph, Canadian light oil sold (in Edmonton) at a $ 2 per barrel premium to the average cost of U.S. Saudi Light oil imports because of our access to premium - priced markets in the mid-continent.

The price of a barrel of oil, using the WTI benchmark, rose from $ 29.70 to $ 76.32 from mid-2000 to mid-2010, an increase of 157 % in only 10 years.

For the past two years, energy stocks have looked quite dirty, as the price of oil sank to a latter - day low of US$ 27 a barrel in February.

Between June 2012 and July 2013, the difference between the landed costs of Saudi Light oil into the U.S. and the price of light oil at Edmonton was $ 18.48 per barrel, while the difference in costs between Mexican Maya landed in the U.S. and Western Canada Select heavy blend at Hardisty, AB, was $ 29.02 per barrel.

Global oil prices plateaued around $ 45 (US) a barrel, crushing the dream of becoming an energy superpower.

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.

When the spread between West Texas Intermediate crude oil and Western Canadian Select narrowed to US$ 10 a barrel last summer, some analysts declared that the big price differentials were gone for good.

Economists are now fretting over daily swings in the price of oil, which recently surged to more than US$ 105 per barrel — its highest level in more than two - and - a-half years.

On Thursday, again, the price of oil tumbled with the spot price slipping below $ 75 a barrel; that's a four - year low.

«After substantially improving their cost structures through 2015 and 2016, North American exploration and production (E&P) companies will demonstrate meaningful capital efficiency to the extent the West Texas Intermediate (WTI) oil price is above $ 50 per barrel and the Henry Hub natural gas price is at least $ 3.00 per MMBtu,» Moody's said.