Sentences with phrase «oil inventory increase»

In spite of analyst warnings, prices remained stable after the third weekly crude oil inventory increase, suggesting that market players have already factored in the prolonged consequences of Hurricane Harvey and Irma on oil dynamics in the United States.

As the whisper number suggested, oil inventories increased by a whopping 5.32 million barrels, according to the American Petroleum Institute (API).

Not exact matches

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.

OECD oil inventories have fallen back in line with the five - year average and are now below the average if adjusted for increased consumption.

These risks include, in no particular order, the following: the trends toward more high - definition, on - demand and anytime, anywhere video will not continue to develop at its current pace or will expire; the possibility that our products will not generate sales that are commensurate with our expectations or that our cost of revenue or operating expenses may exceed our expectations; the mix of products and services sold in various geographies and the effect it has on gross margins; delays or decreases in capital spending in the cable, satellite, telco, broadcast and media industries; customer concentration and consolidation; the impact of general economic conditions on our sales and operations; our ability to develop new and enhanced products in a timely manner and market acceptance of our new or existing products; losses of one or more key customers; risks associated with our international operations; exchange rate fluctuations of the currencies in which we conduct business; risks associated with our CableOS ™ and VOS ™ product solutions; dependence on market acceptance of various types of broadband services, on the adoption of new broadband technologies and on broadband industry trends; inventory management; the lack of timely availability of parts or raw materials necessary to produce our products; the impact of increases in the prices of raw materials and oil; the effect of competition, on both revenue and gross margins; difficulties associated with rapid technological changes in our markets; risks associated with unpredictable sales cycles; our dependence on contract manufacturers and sole or limited source suppliers; and the effect on our business of natural disasters.

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.

Goldman says the lingering effects will be «modestly bearish,» projecting a 40 - million - barrel increase in crude oil inventories.

As shown in the table below the API reported U.S. crude oil stocks decreased by 0.8 million barrels with Cushing inventories increased by about 1.4 million bbls on the week.

I am expecting crude oil inventories in Cushing to build this week as the net inflow (inflow - outflow) into Cushing showed a modest increase last week.

Despite growing economic optimism, oil prices fell this week on increased US inventories.

By mid-2014, increased U.S. production combined with other energy production began to exceed global demand, leading to excess oil inventory.

But in early March figures revealed that a resurgence in production in US shale fields had increased US crude inventories to record levels, which pushed a leading benchmark for oil prices below US$ 50 per barrel for the first time this year.

This increase follows the reduction in OPEC's oil production quotas, effective from last November, and low oil inventories in the US.

After declining over the first half of September as US inventories increased and US demand eased, prices rose following OPEC's unexpected decision to reduce oil production quotas by around 3 1/2 per cent, effective from November.

DeHaan says that continued low gas prices in the U.S. can be attributed mostly to an increase in the amount of crude oil produced in the U.S., with American oil inventories up 27 percent compared to this time last year.

The migrations of crude oil inventories from the Midcontinent to the Gulf Coast will increase exports of refined products.

A strong local economy driven by the oil sector combined with low inventory led to the robust increases, but eroding affordability and interest rates that are expected to rise will likely lead to more moderate price appreciation in the second half of the year.

As a result, American oil inventories have increased by over 41 million barrels since the OPEC announcement.

â $ œI believe that although there may be a number of factors with regard to oil, the predominant factor by far is supply and demand, is the fact that global production and capacity hasnâ $ ™ t increased appreciably over the last 10 years and the demand has continued to grow and inventories are at low levels, â $?