Sentences with phrase «oil price level»

He argued that their production cuts arrangement had merely stopped the worldwide oil price level collapse of earlier years.

The Consumer Price Index, put out by the Department of Labor, rose steadily before flattening out, as oil prices leveled off heading into summer.

Ensco ends up replacing Bronco; it's time to move from the land to the sea in drilling, at these oil price levels.

Current oil price levels reflect not only geopolitics but also bottlenecks in both upstream and downstream capacities and are a risk to sustained global economic growth.

Not exact matches

NEW YORK, April 24 - Oil prices were little changed on Tuesday after Brent hit its highest level since November 2014, supported by strong demand, OPEC - led production cuts, and the prospect of renewed U.S. sanctions on Iran.

SINGAPORE, April 24 - International oil prices hit their highest levels since late 2014 on Tuesday, pushed up by expectations of renewed U.S. sanctions against Iran and as OPEC continues withholding supplies amid strong demand.

Wages barely are keeping up with inflation, and oil prices have settled at a level that is unlikely to generate the kind of economic activity to which we had become accustomed before the 2014 - 15 crash.

Oil prices have recently hit their highest levels since the end of 2014.

Oil prices look to have climbed to unsustainable levels and could soon start to fall away from multi-year highs, BP's CFO told CNBC Tuesday.

Called the «value - investment ratio,» it assesses the minimum oil price a project will need in order to throw off, far into the future, Shell's desired level of return.

When the oil price collapsed, the $ 76 level offered very weak support.

But Waghorn says Hess's wide range of oil reserves, including fields in Guyana, will help diversify its revenue sources in case prices stall at current levels.

In commodity markets, oil prices hit their highest level in approximately two months on Monday morning as the U.S. considers sanctions against Venezuela.

Additionally, prices for its major commodity exports - crude oil and palm oil - have dropped sharply and its currency, the ringgit, is trading close to its lowest levels since the Asian financial crisis of the late 1990s.

Economists are now fretting over daily swings in the price of oil, which recently surged to more than US$ 105 per barrel — its highest level in more than two - and - a-half years.

John Kilduff, Again Capital, provides his outlook on oil prices as U.S. production levels steadily increase.

«Oil prices have fallen to levels that are no longer profitable for many energy producers.

As long as production levels stay high, the outlook for oil prices will remain weak, as will the Canadian dollar, the TSX and the job prospects for those in Alberta and Newfoundland and Labrador.»

We're approaching a level of truly horrific returns in the energy space as the price of oil continues to crumble in the early days of 2016.

CNBC's Jackie DeAngelis reports oil prices dropping on Iran planning to increase output to pre-sanction levels and the Saudis saying they won't freeze unless Iran does.

After studying oil prices over long periods, the GMO chief strategist has come to believe that there have been two major paradigm shifts when oil reset at higher baseline levels.

CNBC's Jackie DeAngelis breaks down the latest data from CNBC's oil survey on production levels and prices.

Citi's comments come as oil prices have recovered from a plunge in 2014 with the bank seeing the first stop for the rally at about US$ 65 a barrel, around 25 % more than current price levels.

The oil market remains in what's known as contango — with the future price of crude trading at a higher level than today's spot price.

CNBC's Jackie DeAngelis reports oil prices threatened to drop below the $ 50 level as U.S. production nears record levels.

CNBC looks at what happened three years ago when oil prices were at those levels.

Chief Financial Officer Brian Gilvary said the London - listed company might consider raise the dividend later this year if oil prices remain near current levels and debt declines.

Prices for major commodity exports crude oil and palm oil have dropped sharply and its currency, the ringgit, is trading close to its lowest levels since the Asian financial crisis in the late 1990s.

Although U.S. crude oil inventories are at «historically high levels» for this time of year, according to the Energy Information Adminstration's Weekly Petroleum Status report, Molchanov predicts inventories will trend lower by the middle of the year as prices recover.

Foreign exchange has been an area of some concern for Saudi in recent months as the crash in the price of oil forced the country to expend its FX reserves to levels not seen in over three years, and draining the country's economy.

It said earlier this month that oil prices would have to stabilize above current levels of $ 50 per barrel for producers to make any meaningful boost to oilfield plans.

World oil prices hit recently their highest level in over two years.

Helms also said that oil sands production levels could dip below one million per day before the end of 2016, if prices stay below the $ 50 / bbl.

BP beat analyst expectations on Tuesday, as higher crude prices and rising production levels helped to fast - track a recovery in one of Europe's largest oil and gas companies.

BP Chief Executive Bob Dudley said Monday that he was «very comfortable» with oil prices at their current levels.

CALGARY — Cenovus Energy Inc. (TSX: CVE) is raising $ 1.5 billion through the sale of 67.5 million common shares in a move aimed at shoring up its balance sheet in the face of oil prices that have fallen to half the level of June.

When asked about contagion effects from the decline in oil prices, Yellen said that «leverage in the financial system in general is way down» from levels before the crisis, and said it isn't a «major» concern that some entities would be effected by the decline in oil prices.

«We believe the bias for stock prices in general remains to the upside, underpinned by a growing economy, low interest rates and increasingly, cheaper oil... With operating margins at elevated levels, top line growth is poised to more quickly bleed through to the bottom line, thus supporting earnings.»

Against this backdrop of delayed rebalancing, we now see oil prices fluctuating around current levels, in a lower range than we had expected earlier this year.

Energy - related activity has stopped declining and is transitioning to a new level that companies tell us is commensurate with the current oil price environment.

Saudi Arabia is the world's second - largest oil producer and single biggest oil exporter, so any development that might alert investors that the kingdom's production levels or oil policy could be disrupted has historically had a profound effect on prices.

Now, global supply and demand has been better balanced and that «s pushing up the price of oil to the highest levels that we «ve seen since 2014, and that «s largely the culprit.

Canadian energy company shares are trading at levels not seen since the depths of the 2008 crisis, levels that can only be justified if the global economy falls into another recession and oil prices drop by half.

Meanwhile, actual inflation is.8 % albeit due to oil price drops, nominal wages are stagnant, and workforce participation historically low, excluding demographic effects, masking recession level unemployment.

At the same time, the low level of oil prices will continue to dampen growth in Canada and other energy - producing countries.

Oil - producing countries, meanwhile, are proving «remarkably successful in better aligning supply to demand, draining the crude oil glut and pushing oil prices to their highest levels since 2014,» DeHaan saOil - producing countries, meanwhile, are proving «remarkably successful in better aligning supply to demand, draining the crude oil glut and pushing oil prices to their highest levels since 2014,» DeHaan saoil glut and pushing oil prices to their highest levels since 2014,» DeHaan saoil prices to their highest levels since 2014,» DeHaan said.

OPEC hopes to stimulate demand through low oil prices back to the peak levels that existed before the price shocks of the 1970s and 1980s.

If the flow of capital continues, then the production surplus and lower oil prices will also continue, assuming that OPEC is able to maintain higher production levels and that demand growth remains relatively low.

Oil prices have leveled off in recent weeks, but with the negotiations over Iran's nuclear program bumping up against a deadline, that could change.

Based on the current level of oil prices, this forecast implies that headline CPI inflation would remain close to 3 per cent in the short term.