Sentences with phrase «on oil prices now»

Warren Buffett has been consistently wrong on oil, but many experts are calling a bottom on oil prices now that the investor extraordinaire has upped his ante in Phillips 66, betting that he can't be wrong three times in a row.

Not exact matches

Wednesday: Boeing & Biogen Boeing: In the past, this company has been deemed a loser on suspicions that airlines won't upgrade their fleets for fuel efficient planes now that the price of oil is so low.

Praveen Jagwani of UTI International explains why both food and oil prices are unlikely to have a significant impact on inflationary pressures in India for now.

Royal Dutch / Shell and BP on Tuesday joined peers in reporting higher than expected earnings by making further deep cuts in spending to cope with an oil price downturn now in its third year.

The deal, when announced last autumn, was predicated on a recovery in the oil price to $ 60 per barrel by 2019, an increase that now seems less likely with a glut of crude still circling the globe and keeping prices below $ 50.

With oil prices now above the long - term average, oil consumption is no longer getting a boost from low prices and is increasingly reliant on strong economic growth around the world.

Neither cut was a particular surprise: Buffett had previously said he erred in buying Conoco at a peak price for oil (though now, of course, the commodity's rising price is putting a different cast on the investment) and he had publicly protested Kraft's 2010 purchase of Cadbury, which he thought not in the interests of Kraft's shareholders.

«The exports are what we need to focus on through the next 30 days,» Kloza, co-founder of the Oil Price Information Service, told CNBC's «Futures Now» last week.

CNBC has conducted its second exclusive oil survey to get the pulse on pricing now that oil prices have touched lows.

«For a bank like CWB, where sentiment has been fairly directly correlated to oil prices, if someone wanted to remain bearish on it, one of the excuses will be that Alberta is actually now going to go into a recession, if it hadn't already,» Movahedi says.

Now, here's your choice — you can either ship your oil to Cushing, and sell it there and use the revenues to buy oil on the east coast, or you can ship your oil all the way to the east coast, and sell it (assumed price of Brent + $ 1.50).

But now Papa said the the best days are behind some of those fields after a period of low oil prices prompted drillers to train their rigs on their best acreage and deplete the most cost - efficient production.

Oil stocks have suffered alongside oil bulls that had bet on significantly higher oil prices, but, according to the experts who spoke to CNBC, now may be a good time to invest in the energy sectOil stocks have suffered alongside oil bulls that had bet on significantly higher oil prices, but, according to the experts who spoke to CNBC, now may be a good time to invest in the energy sectoil bulls that had bet on significantly higher oil prices, but, according to the experts who spoke to CNBC, now may be a good time to invest in the energy sectoil prices, but, according to the experts who spoke to CNBC, now may be a good time to invest in the energy sector.

Given the collapse in oil prices, and declines in some other key non-energy commodities, the economy is now operating on two distinct growth tracks: the resource track and the non-resource track.

Whatever the optimists say, there is nothing right now that even hints at a possible improvement in oil prices — which Shell relies on as their income comes mainly from E&P.

Fundamentally the economics of oil have changed and we now need to work that through how different industries are pricing, and how commodities are priced on the basis of that».

Oil prices are soaring on the OPEC deal news, and as of 10:50 AM (EST), WTI Crude was surging 7.21 percent at US$ 48.49, and Brent Crude was soaring by 7.65 percent at US$ 50.94, staying above the US$ 50 mark for a couple of hours now.

It is now pretty obvious that the delay in the budget to April 21 had nothing to do with uncertainty resulting from the dramatic decline on oil prices.

An increase in oil prices would stave off this pending danger, but for now, prices continue on their relentless downwards slide.

Although oil prices are now half what they used to be three years ago, Big Oil is better positioned now than it was when oil prices were sky high, Michele Della Vigna, co-head of European equity research at Goldman Sachs, told CNBC in an interview on Mondoil prices are now half what they used to be three years ago, Big Oil is better positioned now than it was when oil prices were sky high, Michele Della Vigna, co-head of European equity research at Goldman Sachs, told CNBC in an interview on MondOil is better positioned now than it was when oil prices were sky high, Michele Della Vigna, co-head of European equity research at Goldman Sachs, told CNBC in an interview on Mondoil prices were sky high, Michele Della Vigna, co-head of European equity research at Goldman Sachs, told CNBC in an interview on Monday.

People will be able to buy and sell oil at will, depending on the price and their needs, which was difficult to do until now.

On what the driving force behind the rally in crude oil prices has been recently, Pickens said, «Now you are approaching 2 million barrels a day year - over-year on increase in demanOn what the driving force behind the rally in crude oil prices has been recently, Pickens said, «Now you are approaching 2 million barrels a day year - over-year on increase in demanon increase in demand.

Angola is Africa's second - largest oil producer behind Nigeria, and like its West African counterpart, where the slump in oil prices forced a reconsideration of its dependence on oil, Angola now faces the challenge of having to restructure its economy to reduce its vulnerability to oil shocks.

Kashagan has huge amounts of oil in store, and according to Financial Times, «Opec, the 14 - member cartel that controls more than a third of all crude production, on Monday said Kashagan's ramp up is one reason it now thinks supplies outside the group will actually grow next year, despite two years of low prices.»

Now, investors are eyeing an OPEC meeting on November 27 to see whether the organization could even cut prices further in an attempt to retain its global market share, particularly in the face of competition from the U.S. where oil production has increased thanks to the shale gas industry.

The Bakken Shale will remain attractive as an oil play at WTI prices above $ 80, and now that the European crisis fears are on the decline, oil prices have stabilized in the $ 90 range.

They're the two largest exporters of crude oil and, as you can see above, Russia requires an oil price north of $ 100, Saudi Arabia right at about $ 95 per barrel on a Brent basis, and we're below that number now.

But oil prices are now critically low, Alberta has capped on oil sands emissions, and industry analysts worry about a pipeline overbuild.

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Kept the coconut oil the same, and used 1 tbsp of brown sugar and 2 TBSP maple syrup (on account of it is priced like liquid gold right now.

Since June 2014, oil prices have plummeted nearly 60 percent, and the dos Santos regime, which is highly dependent on extraction, is now struggling to pay the bills, continue its infrastructure spending, and buy off key constituencies.

Their boisterousness over oil prices takes on Brexit levels of dishonesty given what has happened since - had Scotland voted Yes in 2014, it would now be the world's newest financial crisis.

Ngige argued that this country entered recession a long time ago before the Buhari government came on board but nobody noticed it because of the huge foreign reserves accumulated by former President Olusegun Obasanjo, which has now shrunk to $ 21billion as a result of the crash in oil prices.

«Assuming that technology will allow ever more shale gas production at low prices — and betting energy policy and the future energy security of the country on it — is risky business,» says geologist David Hughes, who retired from the Canadian Geological Survey and is now doing assessments of shale gas and oil for the nonprofit Post Carbon Institute, a California - based environmental think tank.

Some of those now selling oil stocks were among the people buying on July 3, 2008 — when the spot price of West Texas Intermediate peaked at $ 145.31.

By now, many have heard the news go on about the lower prices of oil and materials.

So maybe TEN starts up on time without a hitch, maybe production hits 100 K bopd net next year, maybe the oil price doubles, maybe Tullow can slowly dig itself out of this hole... But who knows, the oil price may take another sub - $ 30 dive, TEN may suddenly hit a disastrous production (or political) issue, the lenders may finally lose patience and / or force a horrifically dilutive equity raise on Tullow, short - sellers become more aggressive, whatever... Time will tell, but my price target stands right now.

I would not try to assume that stocks are a good inflation hedge... Corporations have to buy raw materials and have to feed hungry workers... When the price of oil and foold go up it is very hard for corporations to improve on earnings, so if you think about it, much of the benefits of a rise in CPI are negated by a rise in raw materials prices... Put more bluntly, we are in a period of stagflation right now.

So I think any potential contraction in fuel margins, on higher oil prices, is relatively limited — particularly with only a little over a third (& falling) of Applegreen's gross profit now derived from fuel.

With all of the tensions erupting in the Middle East, the BP oil spill, and everything else, oil prices have been on the rise for several months now.

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It is going on right now in response to higher oil prices.

The increments offered by ANWR and offshore are useful but aren't going to do much to bring down the price of oil or lessen our dependence on the Saudis and Russians — certainly not now, and probably not much in the future, when those increments come online and do little more, probably, than offset declines in older American fields.

The more oil and gas we save on our own initiative, the less the world - wide oil and gas prices are going to rise and the oil and gas saved now is going to be consumed a few months later by somebody else.

Now is the time to cut fossil fuel subsidies and implement a carbon tax, it argues, as the low oil price reduces the policies» effect on consumers.

After the precipitous fall in global oil prices, even the world's biggest petroleum exporter is now forced to reduce its reliance on fossil fuels.

The illustrious green movement who killed nuclear power in 1970s and brought about global warming by scrubbing shade - producing particulates from smokestacks and tailpipes are now bent on using a ginned up catastrophic climate change scenario to keep the price of oil elevated in order to keep the profit incentive alive for stupid expensive alternatives like windmills and ethanol from corn.

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It now appears likely that oil prices will remain low throughout the world for many years and perhaps even centuries because the shale formations from which oil is now being obtained using the new technology are very abundant on Earth.

These price changes now appear to be affecting the global economy, and may result in a global recession as oil and gas producers reduce their exploration and development efforts for oil and gas and countries dependent on oil and gas revenue from large reservoirs are forced to retrench and rethink their lifestyles.