Sentences with phrase «oil increased by»

The area of land required per barrel of produced oil increased by a factor of 12 between 1955 and 2006 [150] leading to ecosystem fragmentation by roads and pipelines needed to support the wells [151].

The area of land required per barrel of produced oil increased by a factor of 12 between 1955 and 2006 [150] leading to ecosystem fragmentation by roads and pipelines needed to support the wells [151].

In the United Kingdom, Brent crude oil increased by 1.08 percent to settle at $ 109.01.

Mubasher: The price of Kuwait's crude oil increased by 83 cents to settle at $ 67.64 per barrel (pb) on Wednesday compared to $ 66.81 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC).

Mubasher: The price of Kuwait's crude oil increased by 3 cents to settle at $ 68.80 per barrel (pb) on Wednesday compared to $ 68.77 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC).

During the quarter, the price of oil increased by 17 % (West Texas) or 24 % (North Sea Brent), depending on which measure one uses.

Not exact matches

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.

«The business model of an oil and gas company in the future is going to have to be built around the abundance model, where your returns are not going to be made by commodity price increases,» says Munro.

The world's major producers have made a concerted effort to slow the advance of American oil production by increasing the supply and therefore reducing the price.

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.

Driven by shale expansion, US oil production this year is forecast to increase by 570,000 barrels per day (bpd) to 9.9 million bpd, the US Energy Information Administration estimates.

In February, OPEC anticipated demand for its members» oil in 2013 would dip by about 100,000 barrels per day compared to previous forecasts, mainly because of increased production in North America.

But they represent another way for Wall Street and shale producers to increase the flow of oil, and frustrate plans by the Organization of the Petroleum Exporting Countries to prop up prices.

India wants to increase the share of gas, which is a cleaner fuel than oil, to 15 percent of its energy usage by 2030 from 6.2 percent currently.

The Panel excluded any discussion of the environmental impacts of oil sands development, although they did allow the consideration of increased oil prices generated by the pipeline on the taxes and royalties associated with forecast future oil sands production.

The Canadian dollar appreciated by nearly 42 % relative to the greenback, mostly due to the increase in the value of Canada's oil exports.

The benchmark West Texas Intermediate (WTI) crude oil contract increased trading volume by 10 percent last month.

By increasing oil production, Iran is acting to decrease prices.

«WPX's 2014 financial highlights include $ 190 million higher oil sales, $ 106 million higher natural gas sales, and a 68 % increase in net cash provided by operating activities vs. 2013 results,» it said.

U.S. airline stocks hit a 13 - year high this week as they gained momentum from lower oil prices and increased travel spending by Americans in an improving economy.

While American oil production grew by some 850,000 barrels a day during that year, followed by an increase of 1 million barrels per day during 2013, it wasn't until recently that prices began to reflect the increased activity.

On Thursday, the International Energy Agency (IEA) said global oil supply increased in February by 700,000 barrels per day (bpd) from a year ago to 97.9 million barrels per day.

There are any number of theories explaining the sudden drop in crude oil prices after two years of stability: America's increasing supply, the world's faltering demand, an undeclared price war being waged by Saudi Arabia, the rising U.S. dollar.

US - based shale producers including EOG Resources Inc., Continental Resources, Inc., and Pioneer Natural Resources are set to suffer as oil prices continue to be weighed down by the increased production Trump's policies imply.

Increase in US production now threatens to undermine efforts by the Organisation of Petroleum Exporting Countries (OPEC) and some non-members to reduce the global oversupply of oil.

The pipeline or any other way to bring Western Canadian Crude to Tex refiners would speed up oil extraction in Alberta and increase world supplies, which would bring down oil prices for all Americans, by about a dollar a barrel according to Levi.

As early as in 2015, Cisco Consulting Services and Oxford Economics said in research that the oil and gas industry adopting IoE has the potential to increase global GDP by up to 0.8 percent — or US$ 816 billion — by 2025.

Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).

Raitt's three - year timeline to fully dispose of older DOT - 111A tankers (and immediate phase - out of 5,000 of the most vulnerable cars) is going to be a difficult one to meet given the existing capacity for suppliers to build new tankers, as well as the desire of oil and gas companies to continue the exponential increases in oil - by - rail shipments into the future.

Iran is looking to increase production even more by the end of the year, so any supply cut will have to be significant to really impact oil price.

The finding contradicts arguments by some environmentalist groups that bitumen, the tar - like substance extracted from Alberta's oil patch, corrodes or clogs pipelines, increasing the risk of ruptures.

However, the outlook for increased volumes of Canadian crude oil shipped by rail to the United States is highly uncertain despite significant U.S. demand for Canadian crude oil, specifically on the U.S. Gulf Coast.

Oil volumes of 65,800 bbl / d were 2 percent higher than the most recent quarter and 69 percent higher vs. the same period a year ago, led by a 149 percent increase in the Delaware Basin over the past 12 months.

All told, the province's economy stands to gain up to a maximum of $ 10 million a day: up to $ 5 million by not importing as much oil and another $ 5 million by increasing exports of gas.

Libya's production increases, which have been questioned by insiders, have proven to be unsustainable due to fighting between militias and government forces in oil producing regions.

Ultimately, though, the State Department finds that an increase in the amount of oil moved by rail will allow new oil sands production to come on - stream whether or not new pipelines are built.

A vast increase in oil transport by rail surely has at least something to do with the accident — if the train hadn't been carrying oil, its destruction might have been less catastrophic — but there will inevitably be debate over the conclusion to draw from that observation.

The paper's authors apply a simple model of the world oil market to reach their conclusions, which are driven by the potential for the pipeline to increase global oil supply, thus lowering oil prices and increasing consumption.

If the Chinese economy is going to continue to increase its oil consumption by 10 % a year, another economy will have to cut back its oil consumption by a comparable amount to make room for the increase in Chinese demand.

And though exports of oil have increased, helping to shrink the U.S. trade deficit in energy by half from fourth quarter 2016 to fourth quarter 2017, the improvement has had negligible impact on the much larger overall U.S. trade deficit, which grew during that period.

Secondly, as guest and I have been trying to point out if the appreciation in currency for Japan / Germany is due to increased demand for there manufacturing exports this is not the same thing as an appreciation caused by increased demand for oil exports.

So, using their numbers above, for each barrel shipped on KXL, you'd have somewhere between 0.08 and 0.78 barrels of increase in total consumption, with between 0.22 and 0.92 barrels of oil which would have been produced elsewhere being substituted - for by oil sands production.

Amid restarting refineries along the Gulf Coast and growing optimism about strengthening demand, the EIA dampened spirits somewhat by reporting a substantial increase in crude oil inventories for the week to September 15.

The former because it allows for a case in which a modest increase in demand leads to a large increase in price, and the latter because it would lead investors to hedge by moving themselves into Canadian dollars (more than they would otherwise) to protect against high oil prices.

By 1990, the market for tankers was turning around... too many ships were scrapped and the volume of oil coming from the Persian Gulf was increasing.

Now they want to relive the glory days by increasing the amount of oil flowing from the tar sands at any cost.

Despite the backdrop of political and economic uncertainty, OPEC said that it anticipated world oil demand growth in 2016 to increase by 1.23 million barrels a day (mb / d) after a marginal upward revision, mainly to reflect better - than - expected economic data for the first half of the year.

Banks» revenue from both metals and oil is expected to increase this year as prices and volatility increase, Shahani said, with overall commodities - related revenue seen rising by around 10 percent.

In the last two weeks, London oil futures have increased by $ 7 a barrel, closing last week at $ 74.06.