Still, Mr. Fish said that there are concerns about the future of office and high - end multifamily properties in Houston with crude
oil prices at such a low.
The majority found less cause to dissent from the trial judge's findings with respect to the assessment of damages, principally because both the trial judge and the majority in the Court of Appeal considered that there was no chance that thermal operations would be undertaken within the relevant timeframe given
oil prices at that time.
Oil prices at $ 50 per barrel are higher than the price prevailing in the 1990's, before the Chávez / Maduro Mafia took over.
Mr. McConnell, like many of the bill's critics, said it would raise
oil prices at a time when Americans were already furious at the high cost of gasoline.
And that disappointing bit, plus the very hard drop in
oil prices at the time, prevented the Loonie from jumping even higher.
Discover why investing in Canadian stocks makes sense and which Canadian companies to invest in even with
oil prices at multi-year lows.
Martin Pelletier: What happens when the euphoria ends and consumers with SUVs wake up to higher
oil prices at the same time banks hike mortgage rates
With
oil prices at 12 - year lows, drivers are spending less money to fill their tanks.
With the loonie's recent slide,
oil prices at their lowest in 12 years and China's stock market volatility sending reverberations to our own, the news of Canada's economic decline is hard to ignore.
Oil prices at $ 100 per barrel are already well above the $ 40 per barrel level at which synfuel producing facilities break even, and even the $ 70 per barrel level that might make carbon capture economically feasible.
«With foreign reserves at lows of US$ 28.7 billion and
oil prices at US$ 29.47 per barrel, a compelling argument to devalue the Naira at the next Monetary Policy Committee (MPC) meeting can not be jettisoned», it stated.
The OPEC / non-OPEC deal is working, and the current underlying key assumption of Russia's economic policies —
oil prices at US$ 40 — can allow it to live forever at that price or below, Russia's Economy Minister Maxim Oreshkin told Bloomberg in an interview on the sidelines of the St. Petersburg International Economic Forum on Thursday.
The difference now is that I do not believe we will see
oil prices at 100 dollars again.
Oil prices at a five - year low should be a wake - up call for Canada to abandon an economic strategy based strictly on tar sands / oil sands...
Weak demand across residential, office and retail sectors has been evident since the decline of
oil prices at the end of 2014 and continues to impact government spending and general sentiment, says the Abu Dhabi Real Estate Market Overview Q3, 2016.
At this year's Asia - Pacific Petroleum Conference (APPEC) in Singapore last week, the mood was the most bullish since the 2015 APPEC annual gathering, with most executives polled by Bloomberg predicting
oil prices at $ 50 - $ 60 next year, compared to last - year predictions that we'd be at the low end of the $ 40 - $ 60 band.
But an extended period of
oil prices at recent levels is unlikely to lead to greater investment spending in the Canadian oil patch.
Related: Forget $ 20 -
Oil Prices At $ 8 Per Barrel In Canada
The upper end of that projection —
oil prices at US$ 60 — is below most of the current analyst forecasts, with expectations for the WTI price predominantly in the low US$ 50s, or below.
BP Chief Executive Bob Dudley said Monday that he was «very comfortable» with
oil prices at their current levels.
Production from shale has helped keep a lid on crude
oil prices at about $ 120 a barrel, giving western countries leverage to impose sanctions on Iran, a key supplier.
The TSX got some lift from the energy sector with
oil prices at a 15 - month high.
For the forecast period, technical assumptions include A$ at US$ 0.89, TWI at 69, cash rate at 7.0 per cent, and WTI crude
oil price at US$ 86 per barrel and Tapis crude
oil price at US$ 90 per barrel.
Permian
oil priced at Midland, Texas, now trades at a discount of more than $ 11 a barrel to Brent as rising production bumps up against pipeline capacity
Estimates for
the oil price at which coal liquefaction becomes viable vary from around US$ 30 to US$ 60 per barrel.
Not exact matches
At the same time the sudden decline in
oil prices caused a slowdown in fracking activity.
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.
«If you had a strong track record of finding and developing
oil and gas
at the right
price, you could always raise capital,» Grad says.
The recent rise in
oil prices fueled expectations the Federal Reserve could flag more interest rate hikes
at its policy meeting this week.
Either of these meant that, relative to world
prices, Canadian
oil was trading
at a significant discount in Alberta.
Against three - digit world
oil prices, these costs may seem competitive, but a look
at some historical figures reveals why investors may remain nervous about oilsands cost inflation.
«If Trump abandons the deal, he risks a spike in global
oil prices,» said Ole Hansen, head of commodity strategy
at Saxo Bank, adding that re-introducing U.S. sanctions could remove 300,000 - 500,000 bpd of Iranian
oil from global supplies.
Steven Cook, senior fellow for Middle East and Africa Studies
at the Council on Foreign Relations, said higher
oil prices lessen all the worries from 2015 and 2016 about the Saudi government's ability to maintain its commitments, but the consolidation of power in the hands of the Crown Prince also is significant for the market and investors as his reform program is widely regarded as critical for Saudi Arabia's future prosperity.
Nearly as surprising was the willingness of Russia and private
oil companies in North America to carry on
at prices that were understood to be well below their break - even points.
At its peak, in the spring of 2012, light oil at Edmonton was trading at a discount of almost $ CDN 40 per barrel to Brent prices, and at a discount of almost $ CDN 20 / barrel to U.S. mid-continent price
At its peak, in the spring of 2012, light
oil at Edmonton was trading at a discount of almost $ CDN 40 per barrel to Brent prices, and at a discount of almost $ CDN 20 / barrel to U.S. mid-continent price
at Edmonton was trading
at a discount of almost $ CDN 40 per barrel to Brent prices, and at a discount of almost $ CDN 20 / barrel to U.S. mid-continent price
at a discount of almost $ CDN 40 per barrel to Brent
prices, and
at a discount of almost $ CDN 20 / barrel to U.S. mid-continent price
at a discount of almost $ CDN 20 / barrel to U.S. mid-continent
prices.
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.
It comes as little surprise then that Saudi Arabia and Iran — apart from the tense regional archrivalry — are reportedly
at odds over where to go next with the OPEC deal, and how high an
oil price the cartel should target.
The long - awaited international listing of Saudi Aramco is likely to be delayed, but the wait makes sense as
oil prices are tipped to touch $ 80 per barrel, said Fadi Arbid, founding partner and chief investment officer
at Amwal Capital Partners.
NEW YORK, May 1 - The dollar broke into positive territory for the year and U.S. bond yields inched higher again on Tuesday as the recent rise in
oil prices fueled expectations the Federal Reserve could flag more interest rate hikes
at its policy meeting this week.
If you want to know what the break - even
price for new oilsands projects is (
at least for the marginal project), look
at the forecast of future
oil prices.
At that time, it seemed new oilsands plants would generate a reasonable return on invested capital as long as oil prices remained at around U.S. $ 18 / bb
At that time, it seemed new oilsands plants would generate a reasonable return on invested capital as long as
oil prices remained
at around U.S. $ 18 / bb
at around U.S. $ 18 / bbl.
In October of 2011, the
price of WTI
at Cushing, OK was discounted by almost $ US25 per barrel compared to similar
oil grades on the U.S. Gulf Coast, only 600 miles away.
He's worked
at AIMCo since 1998, the year
oil prices plunged to US$ 10 a barrel.
«The idea that gasoline demand is actually rising suggests that perhaps the lower
prices of crude are actually prompting a greater usage of this product (gasoline),» said Vyanne Lai,
oil analyst
at National Australia Bank.
Just how bad low
oil prices are — if they're bad
at all — kind of depends on your perspective, he says.
At a press conference later, Poloz dismissed a spate of disappointing economic indicators, and he shrugged off a question about the slide of
oil prices to below $ 38 (US) per barrel.
Shell's Chief Executive Officer Ben van Beurden said the
oil sector had yet to emerge from troubled waters, but huge cost savings meant
oil majors were getting closer to balancing their operations
at today's
oil prices of around $ 50 a barrel.
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.
For example, refining margins tend to expand when
oil prices decline as the savings refiners reap from using cheaper crude to make gasoline and other products aren't immediately passed on to consumers
at the pump.
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.