Sentences with phrase «oil market by»

Refinery advantage: the US shale revolution boosted crude production to a record 10.5 million barrels per day, upending the global oil market by adding millions of barrels of very light crude to the supply mix.

«The theft of the oil market by some Nigerians that happen to live there who feel that the oil belongs to them and not the country is an irritating thing for those of us who participated in the civil war for 30 months in which at least two million Nigerians were killed,» he said.

Mueller - Glissmann and colleagues forecast that «balance» would return to global oil markets by 2016 and they upgraded their 12 - month view of the commodity sector to «overweight» from «neutral».

Not exact matches

As the North American oil transportation system continues to evolve, with new pipelines, reversals of existing lines and a growing role for oil - by - rail, what is clear is that the North American oil market will eventually settle into a new era of pricing relationships which will be very different than those which prevailed prior to 2008.

Prime Minister Stephen Harper lent support to the 1,200 - kilometre, $ 6 - billion pipeline that would carry more than 500,000 barrels a day of crude oil from Edmonton through the Rockies to Kitimat, B.C., where it could be transported by tanker to markets in the U.S. and Asia, including China.

The market was also supported by concerns around oil output from Venezuela.

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.

The price of oil has risen to its highest since late 2014 this month, driven by concern over the potential for disruption to Iranian crude flows, but analysts say the degree of uncertainty hanging over the deal means the market is extremely sensitive to any developments.

CALGARY, Alberta, May 2 - Alberta will hold talks with rail operators and oil producers aimed at smoothing the path to get more crude moving by rail to market amid a transportation bottleneck in the Western Canadian province, Alberta's energy minister said on Wednesday.

CALGARY, Alberta, May 2 - Suncor Energy Inc said on Wednesday that its current growth plan is not constrained by pipeline bottlenecks and it does not expect to make any further major investments in Canada's oil sands until market access improves.

And here is an insightful read by energy expert, Marin Katusa: Will Iran's Runaway Inflation Spark an Oil Bull Market?

Despite this, traders said oil was unlikely to tumble far as markets remain supported by strong economic growth and by supply restrictions led by the Organization of the Petroleum Exporting Countries (OPEC) and Russia.

For its part, the oil and gas industry, by pouring investment into the oilsands with little concern for how it's going to get the oil out to markets, «is playing a high - stakes game of chicken,» Cann adds.

SINGAPORE, May 3 - Oil dipped on Thursday, weighed down by swelling U.S. crude inventories and record weekly U.S. production that undermined efforts by OPEC to cut supplies, although potential new U.S. sanctions against Iran kept markets on the...

The world's largest publicly - traded oil and gas company by market value has ridden out a collapse in crude prices better than most, its vertically - integrated model allowing downstream businesses to capture the value that upstream operations lose when oil prices are low.

In response to a question about whether a rate cut amounted to pouring gasoline on the overheated housing market, Poloz said «We admit that these conditions are likely to cause financial imbalances,» in some cases, but that the Bank's primary goal is to ameliorate the «financial shock» to the economy caused by the drop in oil prices.

The International Energy Agency said Friday the oil market is re-balancing as demand continues to grow but more time is needed before these shifting fundamentals are felt by markets.

It's this forbidding territory that Exxon (xom), under Tillerson, has turned into one of Russia's most lucrative oil provinces, affording Russia a crucial entry into the fast - growing oil markets of Asia, generating nearly $ 5 billion in tax dollars and other revenue for the government to date, and generally being, by Moscow's lights, a good corporate citizen.

On the other hand, if the province decided not to become involved in the firm shipping market, they would distort the signals received by the regulators in terms of the demand for shipping services, leaving the system short of capacity and lowering the value of Canadian oil in the process.

Oh, and crude oil futures have also hit new 13 - year lows as Iran marks its return to markets by dumping millions of barrels that have been stored, sanctions - bound, for years.

Russia's stock market dipped on Monday morning, dragged lower by the prospect of fresh U.S. sanctions and lower oil prices.

Railways, who added crude by rail capacity earlier this decade only to have the market vanish as pipeline space opened up, have been slow to move back in the oil transport business, asking producers to sign longer - term deals.

To be fair, there have been a several times that markets didn't recover as quickly after seismic geopolitical events such as the invasion of France in 1940 and the Yom Kippur War (which led to a complete realignment of control over global oil), according to the Credit Suisse team led by Keating.

«Oil market «locked», almost all funds expect further price rises», Reuters, March 27 (Editing by Edmund Blair)

The NOCs are being approached by lawyers and investment bankers not just from Calgary but from Houston and Melbourne too, seeking patient capital for long - timeline projects while equity prices for energy companies have been steadily sinking on stock markets despite the high price of oil.

The United States will overtake Russia as the world's biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) said on Tuesday, as the country's shale oil boom continues to upend global markets.

The world's largest oil company by market value had cut even cut its capital budget for the quarter by 38 %, but it wasn't enough.

Meanwhile, U.S. net imports of crude oil fell last week by 1.6 million bpd to 4.98 million bpd, the lowest level since the EIA started recording the data in 2001, reflecting further erosion in a market OPEC has been relying on for decades.

It was unlikely Petronas would have made its decision by year - end regardless of the recent turmoil in oil markets, Kallio added

The strongly worded ruling from Judge Leon was in a case brought against the governors of the Federal Reserve by a group of plaintiffs including the National Association of Convenience Stores, the National Retail Federation, the Food Marketing Institute, Miller Oil Co., Boscov's Department Store and the National Restaurant Association.

When national budgets of various oil - producing countries are determined by crude prices, then a lower price forces capital to be repatriated back to the country of origin (and we haven't even mentioned Russia, which is flooding the crude market for budgetary reasons).

The banks says the long - oversupplied oil market is tightening up more quickly than expected as global economic growth fuels demand and output cuts by OPEC, Russia and several other producers eat into the world's crude stockpiles.

On Tuesday, Merrill Lynch analysts said they now expect the oil market to be undersupplied by about 430,000 barrels a day in 2018, up from their prior forecast for a 100,000 - barrel - per - day deficit.

Oil market locked, almost all funds expect further price rises, Reuters, March 27 (Editing by Mark Heinrich)

At the conference, presented by CNBC and Institutional Investor, Cooperman also shared his view on the market and oil prices over the next year.

Canada's oil will be extracted and marketed regardless of Keystone, the report contended, and could be shipped to the U.S. by rail, which has higher emissions.

In a note on Friday, Morgan Stanley analysts wrote that the recent gain in the US oil - rig count is one reason why they are losing conviction in their call for a re-balancing of the market by mid-2017.

LONDON, Nov 1 (Reuters)- European oil futures fell on Thursday as investors continued to analyse the aftermath of super storm Sandy, while U.S. futures gained as U.S. markets geared back up after the severe battering to the east coast delivered by Sandy.

Some analysts and U.S. oil producers fear Keystone XL will depress crude prices by adding to an already oversupplied global market.

Potential oil price rises are «very much capped» by the availability of short - cycle oil production from the US, Neil Atkinson, head of the oil industry and Markets Division at IEA said.

There was a simple answer to the economic question: Keystone is the fastest and easiest way to bring Alberta's oil to market, which will in turn lower the price of oil by about a dollar per barrel for every American — regardless of where the stuff is ultimately sold.

«While we are seeing solid U.S. fuel margins year to date, this quarter's results were negatively impacted by volatility in the crude oil market, particularly in the southwest US,» he said in a news release.

The oil market is re-balancing as demand continues to grow but more time is needed before these shifting fundamentals are felt by markets, the latest report from the International Energy Agency said Friday.

Prices for crude oil, the world economy's most essential commodity, will need until 2020 to recover from the price war unleashed last year by Saudi Arabia, the International Energy Agency said Tuesday in its annual outlook for the global energy market.

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»).

Though crude oil fell initially, prices were up by the time markets opened on Monday, suggesting that bin Laden — dead or alive — may not be a key factor in determining oil prices.

The Paris - based IEA forecasts in its latest oil markets report that crude - by - rail exports will grow from 150,000 barrels a day in late 2017 to 250,000 barrels a day this year and then to 390,000 barrels a day in 2019.

Omar said Malaysia was suffering particularly because it was an emerging market at a time of capital outflows, it was a net exporter of oil and gas at a time of a significant drop in prices, and it was perceived to be badly affected by the Chinese slowdown as China was its largest trading partner.

O'Loughlin said that relatively high oil prices, supported by healthy demand and production cuts by the Organization of the Petroleum Exporting Countries (OPEC) to tighten markets, «are encouraging U.S. shale producers to continue ramping up production.»

On the contrary the Jewish interest is solely in the marketing of petroleum products and even there it is probably no more than 5 per cent, the chief marketer being American Oil of Baltimore, and American Oil, though still managed by the Blausteins, who founded it, is now controlled by a Standard of Indiana subsidiary.