Sentences with phrase «oil price forecast»

When the budget was released I wrote that the projected surpluses were based on overly optimistic oil price forecasts and that the «tough decisions may be necessary in the future if the budget is to stay balanced.»

Coincidentally, the light oil price forecast of the day had also crept up, to U.S. $ 24 / bbl plus inflation, with oilsands production expected to reach 2.2 million barrels per day by 2015.

Again, the crude oil price forecast was updated to U.S. $ 50 / bbl plus inflation, and the oilsands production forecast had been updated to 3 million barrels per day in 2015.

A few keystrokes on a Bloomberg terminal will get you a list of 24 recent oil price forecasts from institutional experts.

First, an overly aggressive oil price forecast implied that Alberta's budget targets were reliant on oil prices exceeding market expectations and instead oil prices fell below expectations.

The Premier stated that their government had used a conservative oil price forecast, but that's simply not the case.

One of the first things I look for in any budget are the economic projections, particularly after Budget 2015 contained wildly optimistic oil price forecasts.

Oil price forecasts were getting still more bullish, with the NEB expecting oil prices to rise at rates faster than inflation, from — you guessed it — a little over U.S. $ 80 / bbl.

While pop experts tend to fade from the spotlight long before their predictions pan out or not, Rubin has the unenviable task of flogging a book in the very year his oil price forecast has been proven dead wrong.

Despite early signs of a bottoming out, Moody's Investors Service slashed its oil price forecast for 2016 to $ 33 per barrel, and also put 69 E&P companies in the U.S. under credit review for possible downgrade.

As a reminder, just last week Goldman turned bullish on the OPEC agreement, saying on November 21 that it now expects OPEC to reach a production cut deal, in the process raising its Q1 and Q2 2017 oil price forecast; the contrarians in the audience will note by doing so it may have doomed the deal.

Drastic cuts to oil price forecasts are spreading.

Nevertheless, the current oversupply woes have forced investment banks and other oil analysts far and wide to downgrade their oil price forecasts.

Fracking beat out Goldman's oil price forecast this time around... Long term, I'm not so sure.

Put simply, had an oil company located in Alberta used the Alberta government's oil price forecast to value their reserves, they would almost certainly have run afoul of the Alberta Securities regulator.

Oil price forecasts are wrong.

A couple of weeks later, Bank of Russia Governor Elvira Nabiullina said that Russia's central bank was keeping its oil price forecast for this year at US$ 50 per barrel, and still believes that the price of oil will drop to roughly US$ 40 in 2018 - 2019.

Sechin's oil price forecast is basically in line with Russia's economic estimates from earlier this year.

Goldman Sachs hiked its oil price forecast this week by a substantial amount.

Of course, oil price forecasts are very uncertain, but this kind of uncertainty on the downside is not the oil sands companies» friend.