Sentences with phrase «oil contracts»

For example, a crude oil contract futures contract is 1,000 barrels of oil.
As crude oil rose over $ 130 / barrel, the exchanges moved to put limits on oil contracts.
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.
The cost of your prepaid home heating oil contract is dependent on the estimated amount of oil or gas your home burns during the heating season multiplied by the unit price of the fuel.
Registered and cancelled extended service contracts, gap and lifetime oil contracts.
Rather, the initial margin for a crude oil contract could be around $ 5,000 per contract as determined by the exchange.
El Jadi also praised one of the Report's contributors, Najwa El Beshti, a former head of oil contracts at the NOC, who faced an assassination attempt and numerous threats as a result of her work to report mismanagement in the sector.
On the political front, «Denominating oil contracts in yuan would promote the use of China's currency in global trade, one of the country's key long - term goals as an alternative to the dollar — making this even more appealing to sanctions - threatened countries relying on the dollar,» Ramady wrote in The National.
The world's first yuan - denominated oil contracts launched today, as part of China's drive to turn its currency into a global force in markets.
For example, WTI Crude Oil contracts at CME Group is for 1,000 barrels of a grade of crude oil known as «light, sweet» which refers to the amount of hydrogen sulfide and carbon dioxide the crude oil contains.
And as the largest oil importer in the world, there is a great deal of logic in having oil contracts trade in yuan.
Step forward for transparency in Uganda as government names companies in frame for new oil contracts.
If this were true then people would buy oil contracts in the summer time allowing them to sell the oil in the winter causing the opportunity to make a quick buck with oil to almost instantaneously equalize.
Arbitrated multimillion dollar dispute arising out of oil contracts entered into in the former Soviet Union
In fact, the difference between front month oil contracts and delivery six month out are actually wider than they were back in September when OPEC reached the Algiers agreement, which suggests an even gloomier outlook than two months ago.
The benchmark West Texas Intermediate (WTI) crude oil contract increased trading volume by 10 percent last month.
A falling dollar tends to help support the price of oil and coupled with a large premium in the front - month Brent oil contract over those for future delivery, investment in crude futures and options reached a new record high last week.
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 investment bank argues that the backwardation exhibited in the Brent futures market — a situation in which near term oil contracts trade at a premium to futures dated further out — is a clear sign that the market is on its way to rebalancing.
Oil contracts sold on NYMEX can be settled through physical delivery (the oil is delivered to a hub in Cushing, Oklahoma) or settled through cash, which is usually what happens.
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 year.
On Wednesday, the benchmark U.S. oil contract fell almost 7 %, whacking the stock market broadly and in particular energy companies like Exxon, Chevron, and ConocoPhillips.
«By creating a domestic oil contract denominated in renminbi and traded internationally, China will be able, potentially, to divert the petrodollars now held by oil - producing countries toward its renminbi, thus eroding much of the current crucial support enjoyed by the US dollar.»
Iran will present its new oil contracts during a scheduled conference in February 2016 in Tehran.
To ensure a more sustainable model for the future, states» natural resource wealth should be saved for export, and foreign oil companies should only be awarded oil contracts once they partake in third - party monitored bidding rounds.
An example would be a Mini-Crude Oil contract of 500 barrels instead of the full 1,000 barrel contract size.
OILW tracks NYMEX WTI oil contracts with an average maturity of approximately two months.
From the USO Fund Detail page, you can determine which crude oil contract USO is based on.
- The mining and oil contracts published by Congo can be found on the website of its mining ministry.
As it stands, most oil contracts are structured so that the investor recovers costs first, with the remaining profits then divided between the producer and the government that granted it the concession.
With the government on the verge of allocating a raft of new contracts to international oil companies there is a window of opportunity to improve regulations and the new model oil contract to make sure people and their environment are sufficiently protected.
Alfa - Forex, an EU - regulated forex broker, said it has reduced the spread on oil contracts for difference (CFDs) by 25 % to 5 pips.
Acting for Lukoil International Trading and Supply Company (LITASCO) in a complex Commercial Court dispute concerning the payment of VAT on oil contracts in relation to relevant EU regulations (2011).
By introducing the first yuan - denominated oil contract, China is essentially promoting the use of its national currency globally — a long - stated objective of the Communist Party in Beijing.
In fact, locking in oil contracts at a lower price helped save Southwestern Airlines millions of dollars when oil prices spiked and hurt all other major airlines.
In a hypothetical situation, an ETF may be holding front - month WTI crude oil contracts worth $ 100 / barrel.
China makes economic history today by introducing a new type of oil contract, which came on the market at a price of ¥ 430.
It was to be an enabler for oil companies who were desperate to sell oil for gold, but could not do so until the yuan oil contract.
Oil contracts are priced in dollars.
All oil contracts are sold in U.S. dollars.
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 contracts.
This was because their oil contracts were priced in U.S. dollars.
As a result, the world was focused on an oil contract in which there was very little volume, and whose price was plunging while the more heavily - traded March contract was not.
Anyone, therefore, who noticed the disparity between the two oil contracts was presented with a great buying or short - covering opportunity on Wednesday.
«But for some curious reasons, a few media reports used that tweet to report that I said the then Acting President approved N640 Billion worth of oil contracts.
The Presidency on Sunday dismissed reports that $ 25bn worth of oil contracts were awarded by the Nigerian National Petroleum Corporation (NNPC).
Claims on social and traditional media that $ 25BN worth of oil contracts were awarded by the NNPC or that $ 25BN in NNPC funds is...
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