Sentences with phrase «oil rises sharply»

When spare capacity is utilised in the present market, the price of oil rises sharply - as high as $ 137 a barrel in recent weeks.

Not exact matches

Still, German analyst and investor sentiment rose sharply in December for a second month running, as a decline in the euro and oil prices boosted hopes for a pickup although a composite PMI covering Europe's largest economy showed weaker growth.

May 2 (Reuters)- U.S. crude oil stocks rose sharply last week, bringing overall supply to its highest level since December, and gasoline inventories also rose, the Energy Information Administration said on Wednesday.

FDI in Canada has risen sharply over the past decade in oil and gas and related sectors, as well as finance and management companies.

U.S. crude oil stocks rose sharply last week, bringing overall supply to its highest level since December, and gasoline inventories also rose, the Energy Information Administration said on Wednesday.

Crude oil price volatility rose significantly, driven by the desire of some large producing countries to capture greater market share by driving prices down sharply.

The main reason is that supply rose sharply, thanks primarily to technological advances in oil extraction everywhere.

Upstream price pressures have also been boosted by the rise in oil prices, as well as the depreciation of the exchange rate and the increase in world commodity prices; producer input and output prices have increased more sharply over the past six months than they have since the early 1990s.

Energy prices, in particular, have risen sharply: Japan buys virtually all of its oil and gas abroad, and the post-Fukushima shutdown of the country's nuclear industry has further increased the need for fossil fuels.

Since the March agreement between major oil producers to cut production, oil prices have risen sharply; in October the crude oil price averaged US$ 22.63 per barrel, up from an average of US$ 12.00 in February.

As one of the larger consumers of oil in the world today, naturally the United States has a strong opinion on the sharply rising oil prices.

Oil prices pushed lower for most of last week on the news that U.S. commercial crude inventories rose to the highest level for this time of the year in at least 80 years, though prices reversed sharply on Friday.

Having peaked ahead of the Iraq war and fallen sharply following its commencement, the price of West Texas Intermediate crude oil has since risen again, amidst uncertainty about the resumption and continuity of Iraqi export supply.

And in the week ended February 9, the number of active North American oil rigs rose sharply from 765 to 791, the most in nearly three years.

The data is unambiguous on current economic conditions - GDP growth in the last quarter of 2015 was a meager 2.11 % with full year growth of 2.79 % according to the National Bureau of Statistics (NBS); inflation rose sharply to 11.4 % in February with prospects of reaching 12 % by March; capital markets have remained bearish; according to UNCTAD Nigeria's FDI fell by 27.7 % to $ 3.4 billion in 2015, and on current trends may fall even more precipitously in 2016; the de facto exchange rate of the Naira for most producers and consumers is now N322 / $ even though CBN maintains a nominal N197 / $ for privileged persons; several economic sectors - construction, government, manufacturing, oil and gas and hotels and restaurants are in recession or barely out of it; government's official foreign reserves is down to $ 27.8 bn; and unemployment and under - employment rates have worsened 10.4 % and 18.7 % by the end of 2015.

Despite sharply rising tensions in the Middle East, oil prices had seemed fairly stable - if quite low - as 2016 began.

This helps explain why these sectors have performed so well of late: Both interest rates and crude oil have risen sharply in recent weeks.

The question remains whether or not OPEC and non-OPEC countries will honor their commitments to reduce their oil production, but the mere thought of it has already caused oil prices to rise sharply.

Gas prices have been climbing sharply higher in recent weeks, with the rising cost of oil.

The oil and gas industry has been contending that leaks are a tiny percentage of United States greenhouse gas emissions and are already being sharply cut even with rising production of gas and oil (see Oil & Gas Journal for moroil and gas industry has been contending that leaks are a tiny percentage of United States greenhouse gas emissions and are already being sharply cut even with rising production of gas and oil (see Oil & Gas Journal for moroil (see Oil & Gas Journal for morOil & Gas Journal for more).

Twenty years after the Exxon Valdez ran on the rocks in southern Alaska, the amount of oil spilled from ships has dropped sharply even as the amount of oil moved by sea has risen.