Sentences with phrase «oil producer on»

One day we may wake up and find that China has decided to invade a major oil producer on its borders out of concern for chaotic conditions in that country, and we'll say «uh-oh», we don't want them doing that sort of thing.

Canada is known as a big oil producer on a global level, and anything that happens on the oil market directly reflects on the Canadian economy, and subsequently on the USDCAD currency pair.

CALGARY — Multiple workers were injured and some transported to hospital on Thursday morning after a fire broke out at Husky Energy Inc.'s refinery in Superior, Wisc. putting the Calgary - based oil producer on the defensive, as it argued there were no known commonalities between the accident and other recent operational mistakes.

Russia said that it would not attend the meeting on Wednesday, a sign that OPEC diplomats failed to bring the world's largest oil producer on board with a much more comprehensive market intervention.

Canada, currently the sixth - largest oil producer on the planet, is thus likely to see its ranking rise, especially since the world's hunger for energy is expected to grow 50 % over the next two decades.

Not exact matches

Oil prices might have bottomed as output in the United States and other non-OPEC producers is beginning to fall quickly and an increase in supply from Iran has been less than dramatic, the International Energy Agency said on Friday.

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.

The teaser for the panel on energy markets that I am speaking on at the Milken Institute Global Conference, highlights relentless U.S. production offsetting OPEC reductions, renewables disrupting traditional energy markets, and the geopolitical implications of U.S. production growth displacing Russia as the world's largest oil producer.

The decreases are largely the result of the oil glut and all - time lows for crude prices — last year, mining, oil producers, and metal companies lost a combined $ 70 billion on $ 1.3 trillion in revenue.

Traders said markets climbed on expectations that the United States will in May re-impose sanctions against Iran, a major oil producer and member of the Organization of...

Nonetheless, Saudi Arabia's economy is still largely predicated on oil and, with oil prices rising on the back of Saudi - led OPEC and non-OPEC producers curbing oil supply, the kingdom's finance minister said he welcomed higher prices but they would not affect spending limits.

Saudi Arabia and Russia, along with Qatar and Venezuela, said on February 16 that they would freeze oil production at January levels, provided other big producers agreed to join them.

Most North American oil producers, on average, require a WTI price of roughly $ 35 a barrel to break even.

Unlike Grantham, Shilling believes that low global growth will continue to keep pressure on the price of oil, especially when Saudi Arabia, the world's most influential producer, can continue to pump up oil for less than $ 10 a barrel.

Woodside Petroleum Ltd subsidiary ATS Inc has made good on a promise not to extend its $ 1.16 billion hostile takeover bid for US - based oil producer Energy Partners Ltd, after failing to reach the minimum acquisition level of 50 per cent.

April 30 - Whiting Petroleum Corp reported first - quarter profit that beat Wall Street estimates on Monday as the U.S. oil producer benefited from higher oil prices and production.

April 30 - Whiting Petroleum Corp reported first - quarter profit on Monday compared with a year - ago loss as the U.S. oil producer benefited from higher oil prices and lower costs.

Demand for oil is expected to drop in 2017, the International Energy Agency said in a report on Wednesday, raising further problems for producers as they try to ramp up prices.

April 30 (Reuters)- Whiting Petroleum Corp reported first - quarter profit that beat Wall Street estimates on Monday as the U.S. oil producer benefited from higher oil prices and production.

April 30 (Reuters)- Whiting Petroleum Corp reported first - quarter profit on Monday compared with a year - ago loss as the U.S. oil producer benefited from higher oil prices and lower costs.

Suncor Energy Inc., the world's second - largest oil - sands producer, said first - quarter profit fell 23 percent on lower output, higher costs and absence of a gain from insurance settlements a year earlier.

Oil and gas producer Buru Energy has fallen on news its Praslin 1 well in the Canning Basin had come up dry.

Schenck is also watching Venezuela's snap election in May, which could trigger further US sanctions on the oil producer whose government has been accused of human - rights abuses.

Russia independently or in conjunction with allies Iran and Syria could flood global markets, thus dropping prices for not only themselves, but for those on the other side of the Syrian conflict, predominantly impacting Saudi Arabia and the US — the number two and three world oil producers, respectively.

The plan is to launch an oil futures contract on the Shanghai International Energy Exchange (INE), but there are obstacles in convincing large oil producers and consumers in using the yuan and investing in the Shanghai benchmark.

KUWAIT, Jan 17 - Kuwait's oil minister Bakhit al - Rashidi said on Wednesday there is no plan or intention so far to exit from a production - cutting agreement among OPEC and non - OPEC oil producers.

OPEC member Kuwait, a tiny emirate on the Persian Gulf, is a major oil producer.

The world's largest oil producers are also set to meet on the sidelines of an energy conference in Algeria from Monday through Wednesday.

HOUSTON, April 16 - Billionaire activist investor Carl Icahn on Monday nominated a five - person slate of his employees and business associates to replace the SandRidge Energy Inc board of directors, escalating his fight for control of the U.S. shale oil producer.

HOUSTON, April 16 (Reuters)- Billionaire activist investor Carl Icahn on Monday nominated a five - person slate of his employees and business associates to replace the SandRidge Energy Inc board of directors, escalating his fight for control of the U.S. shale oil producer.

Canadian producers had hoped a return to full capacity on the line would help relieve a bottleneck in the oil - rich province of Alberta, where increased output has run up against a shortage of pipeline and rail capacity.

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 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.

Speaking at the Sohn Investment Conference in New York, the closely - watched DoubleLine Capital LP chief executive officer recommended a trade of shorting, or betting against, Facebook while betting on gains in an exchange - traded fund that tracks oil and gas explorers and producers who could benefit from rising inflation.

HOUSTON, April 4 - Activist investor Carl Icahn said on Wednesday he plans to nominate directors who would push for a sale of SandRidge Energy Inc and may make an offer himself for the embattled Oklahoma City oil and gas producer.

Hackers used malware similar to that described in the FBI report to launch attacks on businesses in highly destructive attacks in South Korea and the Middle East, including one against oil producer Saudi Aramco that knocked out some 30,000 computers.

HOUSTON, April 10 - U.S. shale oil producer Devon Energy Corp said on Tuesday it would lay off 300 workers, roughly 9 percent of staff, part of a plan to streamline its operations.

Although the oil rig count has been rising, US production is still down year - on - year, reflecting some continued caution and weakness among the largest producers.

He had been anticipating a drop in oil prices, for example, but rather than play oil producers (which Canadian investors already hold a lot of), he decided to focus on the energy transportation sector.

Because energy producers cut back on drilling and production when oil is cheap (and less profitable for them), investors were concerned that they would also stop ordering as many of MRC's pipes, which are used to pump and transport crude.

Crude oil prices hit new lows earlier on Friday, as everything continues to indicate that oil producers are pumping relentlessly.

CNBC's Jackie DeAngelis takes a look at the energy markets as the Syrian chemical attack and a missile strike on Saudi Arabia shake Middle Eastern oil producers.

CNBC's Jackie DeAngelis reports on energy prices, and looks ahead to the oil producer meeting in April.

Any policy would likely impose the same policies on imported oil, lest it risk punishing domestic producers.

Whether or not that happens — and frankly, it's an extreme example of the worst - case scenario for US shale producers — a glut of global oil inventories is already weighing on oil prices.

At the Sohn Investment Conference in New York this week, billionaire investor Jeffrey Gundlach said investors should consider a trade that includes betting on gains in an exchange - traded fund that tracks oil and gas explorers and producers who could benefit from rising inflation.

OPEC is working on a «very long - term» deal to try to extend its alliance with other oil producers, Secretary General Mohammad Barkindo said at an energy conference in Baghdad, Iraq on Wednesday.

SINGAPORE, May 3 (Reuters)- Oil prices fell early on Thursday, pulled down by a rise in U.S. crude inventories and record weekly U.S. production, which is countering efforts by producer cartel OPEC to cut supplies and prop up prices.

The Orangutan snack was a spoof on KitKat for a campaign last year against Nestle and HSBC over the two company's dealings with Indonesian palm oil producer Sinar Mas, whom Greenpeace accused of illegal deforestation.

SINGAPORE, May 3 - Oil prices dipped on Thursday, weighed down by swelling U.S. crude inventories and record weekly U.S. production that is countering efforts by producer group OPEC to cut supplies and prop up prices.