Sentences with phrase «oil contract for»

Let us say, for example, that a forward oil contract for twelve months in the future is selling for $ 100 today, while today's spot price is $ 75.

Not exact matches

Railways are producers» second best option for hauling crude to the United States after pipelines but have so far been reluctant to sign the short - term contracts the oil industry favors.

For this reason, Grantham's firm has aggressively purchased and hopes to profit from oil futures contracts.

If the oil traders are right, they can make money by buying oil at today's spot price, selling a futures contract for delivery at the higher price expected in the future and storing the oil in the meantime.

Engineering and consulting services company Logicamms has signed contracts with Samsung C&T Corporation, Chevron Australia and Oil Search for a combined contract value of about $ 15 million.

By contrast, economic growth in Canada contracted in the first half of the year and business investment — the most important factor in demand for imports — collapsed along with oil prices.

A subsidiary of TFS Corporation and a joint venture between a Melbourne oils producer and a local indigenous business have been shortlisted for wild sandalwood oil processing contracts with the state government.

Mr Stephen Rogers chief executive of Clough's Oil and Gas business unit said that the Apache project would generate a strong and consistent earnings stream for the Oil and Gas business unit, with positive cash flow, and as the contract is rates based, Clough does not assume any lump - sum risk.

Mining giant Woodside Petroleum will expand its presence off the Moroccan coast after entering into a contract with the country's national oil company for a licence to explore another block of the Doukkala basin.

GR Engineering Services» oil and gas services business has won a second major contract in as many days, with Origin Energy signing the subsidiary on for a $ 50 million job.

In early March, as rebels fought for control of the country's east coast ports, where much of the country's oil is refined or shipped abroad, the price of the American crude contract (West Texas Intermediate, or WTI) broke US$ 100 for the first time since 2008.

HOUSTON / CARACAS, April 23 - Two Chevron Corp. employees detained in Venezuela last week could be charged with treason for refusing to sign a parts contract for a joint venture with state - owned oil company PDVSA, according to two sources familiar with draft charges against the U.S. firm's executives.

Two Chevron employees detained in Venezuela last week could be charged with treason for refusing to sign a parts contract for a joint venture with state - owned oil company PDVSA, according to two sources familiar with draft charges against the U.S. firm's executives.

Two Chevron employees detained in Venezuela last week could be charged with treason for refusing to sign a parts contract for a joint venture with state - owned oil company PDVSA, according to sources familiar with draft charges against the executives.

And its LNG contracts account for more than half the revenue of its biggest division: oil and gas.

Meanwhile, the August contract for crude plunged $ 4.40 to close at $ 52.53 (U.S.) a barrel Monday on the prospect of increased oil output from Iran and worries over Greece.

On the same day the Obama Administration put the kibosh on the Keystone XL pipeline, two engineering contracts totaling $ 12.2 billion were awarded to two U.S. companies for work in the Alberta oil sands.

Good thing for those U.S. engineering companies there are no «Buy Canadian» provisions in oil sand contracts like there are «Buy American» provisions in U.S. federal procurement.

One included a $ 750 million contract to a Chicago - based company for work on Exxon's huge Kearl Oil Sands project, one of the largest it has anywhere in the world.

Hedging contracts limit benefit of rally for some explorers Hess pays $ 50 million to unwind hedges; others may follow There's a downside to oil prices being up that could cost Continue Reading

That's how much the power - to - airport - services group's stock plunged after the loss of fuel - oil contracts led it to slash the dividend and put assets up for sale.

The contract is an agreement, or promise, for the buyer to purchase oil at a certain price in the future (the spot price) at a certain date in the future (the contract's maturity) from the seller.

For example, you could purchase a futures contract to buy oil at $ 95 per barrel with a delivery date three months from now.

Using intraday and daily prices of the most active rolling futures contracts for the S&P 500 Index, gold and light crude oil during 1987 through 2012, they find that: Keep Reading

According to this individual (whom I won't name), the primary reason for the reduction in breakeven price is because all the oil field service companies have had to take huge cuts in their contracted service fees in order to continue operating in the Bakken.

On another note, crude oil also extended its recent bullish move, with the WTI contract rising above $ 65, for the first time since early February, helped by the surprise inventory draw in the US as well.

After reasonable success raising equity in late 2016 and early 2017, capital markets for public oil service companies contracted in March after WTI slumped.

The initial shipping contracts were signed when oil sold for nearly $ US 90 a barrel.

This may be a simplistic and thoroughly «unsophisticated» view of markets, but why don't we limit the number (thus volume) of contracts for oil to the actual demand figure for that month?

If you fall into the former category then in all candor your best play is probably to sell short crude oil futures contracts as they offer the most direct play on a bearish scenario for crude oil.

NYMEX crude oil is the largest oil futures contract in the world and has a current total open interest of around 1.6 million contracts and it would be impossible for any group of speculators to sell or buy 53 days of world production in a year or longer, no less in a week as just occurred in COMEX silver.

While the official goal of the new futures contract is to establish a regional benchmark for more useful pricing of the crude grades prevalent on the Chinese market, analysts see the yuan oil futures as a step toward China seeking wider acceptance of its currency in global trade, including the oil trade, and establishing a petro - yuan that could challenge, in the future, the dominance of the petrodollar.

Helmerich & Payne, Inc. is engaged in contract drilling of oil & gas wells for others & in the ownership, development & operation of commercial real estates.

OPEC, especially its Middle Eastern producers, will be closely watching the futures contract because once established, the Chinese reference crude price could act as a regional benchmark for negotiations of spot or term crude oil prices.

Most global contracts, especially those for oil, are denominated in dollars.

For example, if a large speculator who was very bullish on oil bid - up the price of the December - 2016 oil contract from $ 64 to $ 70, it would create an opportunity for other traders to lock - in a profit by purchasing physical oil and selling the December - 2016 futures with the aim of delivering the oil into the contracts late next yeFor example, if a large speculator who was very bullish on oil bid - up the price of the December - 2016 oil contract from $ 64 to $ 70, it would create an opportunity for other traders to lock - in a profit by purchasing physical oil and selling the December - 2016 futures with the aim of delivering the oil into the contracts late next yefor other traders to lock - in a profit by purchasing physical oil and selling the December - 2016 futures with the aim of delivering the oil into the contracts late next year.

For another example, if a large speculator who was very bearish on oil aggressively short - sold the December - 2016 oil contract, driving its price down from $ 64 to $ 60, it would create an opportunity for other traders to lock - in a profit by selling physical oil and buying the December - 2016 futures with the aim of eventually replacing what they had sold by exercising the futures contracFor another example, if a large speculator who was very bearish on oil aggressively short - sold the December - 2016 oil contract, driving its price down from $ 64 to $ 60, it would create an opportunity for other traders to lock - in a profit by selling physical oil and buying the December - 2016 futures with the aim of eventually replacing what they had sold by exercising the futures contracfor other traders to lock - in a profit by selling physical oil and buying the December - 2016 futures with the aim of eventually replacing what they had sold by exercising the futures contracts.

Crude oil futures in the June contract settled last Friday in New York at 67.33 a barrel while currently trading at 68.35 up about a $ 1 for the trading week hitting a 3 1/2 year high & in yesterdays trade prices went up as high as 69.55 before profit - taking ensued.

First let's define some data, when I say Oil I am referring to the WTI Crude Futures, Continuous Contract # 1 and for the U.S.D. I am using the Trade Weighted U.S. Dollar index (https://research.stlouisfed.org/fred2/series/DTWEXM).

Kuwait Oil Co. will soon offer contracts for offshore rigs and support services to drill its first undersea wells as the Persian Gulf nation tries to boost crude output to Continue Reading

Bets on oil futures reached 1.47 million contracts for the week ending on November 15, the largest trading volume in nearly a decade.

An exporter to China using RMB oil futures could, for example, use a separate futures contract to swap the renminbi for gold.

Risks to be aware of Oil service companies might be forced to break, cancel, or alter some of these contracts if oil prices remain low for several quarteOil service companies might be forced to break, cancel, or alter some of these contracts if oil prices remain low for several quarteoil prices remain low for several quarters.

However, their long - term contracts and the fact that greater use of frac sand is one way for oil and gas companies to maximize productivity from each well means that demand declines might prove smaller than those of other oil services companies.

The first futures contracts were for commodities such as wheat and corn, and they're available for many commodities now, including oil and natural gas.

Investors may be so concerned about higher prices in the future that they're willing to pay $ 102 per barrel now for a contract that promises to deliver oil one month from today.

If you invest in a fund that always buys one - month oil futures contracts, for instance, and that fund has to pay $ 2 more than the spot price for them, the fund will essentially lose $ 2 per barrel each month when they roll their futures contracts.

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.

The euphoria you feel after winning a big contract to provide marine transportation services for an offshore oil drilling company quickly subsides when the contract arrives.

Short - to - medium - term cash flow stabilized by attractive and profitable contracts While demand for frack sand is likely to decline due to the crashing price of oil, there is cause for optimism that the decline in demand might not be as severe as the overall decline in new oil drilling.