Sentences with phrase «on crude which»

«We are not talking now of a foundation that is based on easy money, not a foundation based on crude which for a long time sent all of us to sleep, but an economic foundation built on the sweat and labour, resources - material and otherwise, of the Nigerian people.

Not exact matches

In the face of low crude oil prices, the company focused on natural gas, which had stronger rates.

The incident might result in restrictions on using rail to transport oil, which could increase the price discount for Canadian crude.

Fourth - quarter profits in Exxon's downstream sector, which is focused on refining crude oil into fuels like gasoline, also rose $ 323 million from a year earlier.

That would be a potentially crippling blow to the Maduro government, which depends almost exclusively on crude sales to sustain what's left of the economy.

The rise in bond yields, which investors fear could hurt equities, has been partly fuelled by the spike in crude oil prices, which on Tuesday crossed $ 75, boosting energy shares.

The depressed prices mean lower prices for refiners and less pump pain for North American drivers, but it's hardly good news for Canada's oil industry, which spent billions on oilsands projects after world crude prices had risen high enough to justify the investment.

They argue that possible sanctions on the Venezuelan energy sector would harm the U.S. industry, and cause it to scramble for heavy crude supplies from elsewhere, which would result in higher fuel prices for consumers.

(In 2011, Cenovus Energy let on that output from two of its in situ oilsands projects could meet the standard, which mandates that crude oil imported to the state have lower wells - to - wheels emissions than the average of all crudes sold in the U.S.) «Yes, I think that's feasible,» says George Hoberg, a political scientist at the University of British Columbia who specializes in environmental conflict.

Oil and gas stocks dropped on U.S. crude stocks data which led to a fall in oil prices.

U.S. West Texas Intermediate crude hit a nearly four - month high at $ 50.81 on Thursday, despite three straight weeks of rising stockpiles in the aftermath of Hurricane Harvey, which shut a quarter of U.S. refining capacity.

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.

The array of claims around Alberta's crude is wide and varied: on the one hand, anti-Keystone groups contend that dilbit — i.e. diluted bitumen, thick oilsand crude mixed with light hydrocarbons that will allow it to flow through a pipeline — is more corrosive than other types of oil and sinks in water rather than floating, which makes it harder to clean rivers and lakes after a spill.

Brent crude, which is used to price international varieties of oil, was down 47 cents to $ 112.86 per barrel on the ICE Futures exchange in London.

A move to directly target Venezuela's oil industry would be a huge blow to Maduro's socialist administration, which is depending almost entirely on crude sales to try and decelerate a deepening economic crisis.

According to a recent Reuters report, depending on who takes a Senate seat from several of these battle ground states and who wins certain gubernatorial races could mean which of the energy topics — EPA carbon regulations, the Keystone Pipeline XL's approval, relaxing crude oil export rules, developing clean energy technology — will take priority.

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.

That would account for shipping costs and the lower quality of WCS versus WTI, as crude - by - rail shipments increase and capacity returns to normal on the Keystone pipeline across the U.S., which has faced pressure limits since it leaked in November in South Dakota.

But that volatility, as Ghosh likes to note, is the upside of the integrated nature of the company, which gives it a continued hedge against the differential in world oil prices through its downstream and midstream assets — on the midstream side, Husky operates a 2,000 - kilometre crude - oil pipeline system, and its downstream operations include upgrading and refining crude oil, and marketing gasoline, diesel, jet fuel, asphalt and ethanol in Canada and the United States.

Today, a post has been making the rounds which claims that the Keystone XL pipeline would raise gas prices in the US Midwest by, «20 to 40 cents per gallon, based on the $ 20 to $ 30 per barrel discount on Canadian crude oil that Keystone XL developers seek to erase.»

All this because the arm - waving following the summer's run to $ 147 - a-barrel crude — which briefly pushed the headline consumer price index above 5 % — scared the Fed into wanting to look tough on inflation.

These events got me curious to dive deeper into Saudi Arabia's economy and the extent to which it's dependent on crude revenues.

A day earlier the American Petroleum Institute had estimated crude oil inventories had risen for the second week in a row, by a hefty 6.18 million barrels, which was only to be expected as the market is prepared for the Hurricane Harvey effects on Gulf Coast refining to linger for another few weeks.

Before the recent string of production disruptions, which were caused by militant blockades on pipelines carrying crude from three fields to export terminals, Libya was pumping over 1 million barrels of oil daily, eyeing 1.2 million bpd in output by the end of the year.

First, BP's CFO Brian Gilvary warned on CNBC that the crude oil price, which is trading at...

Most every other stock was muddling along, a reminder that the index, like Canada's economy, depends greatly on the oil industry, which is scaling back its ambition to fit an international crude price of around $ 50 per barrel.

Crude oil prices got a scare on reports that Gary Cohn, chief economic advisor to President Donald Trump, is resigning, which raised fears that the world is on the brink of an all - out tariff and trade war.

A more severe action reportedly under consideration would be a ban on Venezuelan crude oil imports into the U.S., which would likely have far - reaching implications for Venezuela, the U.S., and the oil market.

A ban on Venezuelan oil would strain the market for heavy crude in the U.S., which is already tightening because of declining imports of medium sour oil from Saudi Arabia.

If you really can't be bothered to go and hunt down and switch off every location setting one fairly crude action you can take is to buy a faraday cage carry case — Silent Pocket makes an extensive line of carry cases with embedded wireless shielding tech, for instance — which you can pop your smartphone into when you're on the move to isolate it from the network.

COTs Timer is a financial blog focused on interpreting the Commodity Futures Trading Commission's («CFTC») weekly Commitments of Traders («COT») report, which provides trillions of dollars in positions in more than 200 markets, including gold, crude oil, natural gas, silver, forex, and equity indices.

The derailment and explosions, which took place around 1:15 a.m. on Saturday, underscored a debate in the effort to transport North America's oil across long distances: is it safer and less environmentally destructive to move huge quantities of crude oil by train or by pipeline?

However, the velocity of the increase has brought more production on faster than expected, which has weighed on crude prices.

Next week, the EU is expected to vote on the Fuel Quality Directive which would assign a higher emissions rating to Alberta oilsands than to other sources of crude oil, including some which may or may not actually have higher emissions than oilsands oil.

Here it is worth mentioning that when oil companies talk about the price of oil, they are referring to the price quoted on popular futures exchanges — prices which reflect only the price of crude oil itself.

Which leads to a simple rule coined by Brown: If what you're selling can not be sold on the world market as crude oil, then it's not crude oil.

Instead, all are banking on the continued climb of crude to fuel higher cash flows, which would help alleviate some of the pressure on their balance sheets.

Their move to rail comes as the Obama administration continues to weigh an application for the Keystone XL pipeline, which would deliver synthetic crude oil and bitumen, an oil - containing substance, from Alberta to refineries on the Gulf Coast.

But a majority of Americans, Republican lawmakers and construction union members welcomed the prospect of boosting reliance on a firm U.S. ally for new supplies of the heavy crude, which would be shipped by a pipeline built largely in this country and processed at Gulf Coast refineries uniquely capable of dealing with the low - grade oil.

TransCanada has said its shippers remain committed to the project, which would deliver diluted bitumen from Alberta's oil sands to refineries on the Gulf Coast that are specifically equipped to process heavy crude.

As a result, Halcon Resources will probably need to put most of these purchases on its credit facility, which is a decision that investors fear could cause renewed financial problems down the road if crude continues to slide.

But on May 12 Baker Hughes reported the U.S. rig count rose again which, as usual, created pressure on crude prices.

The energy minister for the UAE, Suhail Mohammed al Mazrouei, said OPEC produce 30.4 million barrels of crude oil a day which is a «little above the organization's target, and this reflects the demand on its crude».

Singapore: Oil prices fell early on Thursday, pulled down by a rise in US crude inventories and record weekly US production, which is countering efforts by producer cartel OPEC to cut supplies and prop up prices.

National Bank analysts Travis Wood, Dan Payne and Brian Milne said in the note they were watching to see if more oil was moving out of Alberta and Saskatchewan on railway cars to clear out of the glut of crude in storage in Western Canada, which has weighed on domestic oil prices and producers.

The Kurdistan Regional Government, which runs the land - locked, semiautonomous Kurdish enclave that borders Turkey, says it started pumping crude from its oil fields directly to Turkey through a newly constructed pipeline to the export terminal at Ceyhan on Turkey's Mediterranean coast in early January.

Crude oil in particular managed to give back all of Wednesday's gains after dismal inventory data on Thursday, and yet again finds itself at a key intersection of important support which typically has been wise to buy into.

The value of the commodity on which it relies, crude oil, is collapsing, and along with it the ruble.

The U.S. multinational investment firm has doubled down on its «overweight» recommendation for commodities, which includes aluminum, crude and other raw materials.

The market was already moving upward on the back of this morning's EIA report, which reported a draw in crude oil inventories of 1.9 million barrels — the fourth draw in a week.