Sentences with phrase «potential oil output»

That has changed the situation for all of North America at a time when Mexico's oil and gas output was in decline and Canada found some of its potential oil output landlocked.

Not exact matches

Haftar's potential death could mean a renewal of violence and a power struggle that could hit the OPEC country's oil output.

Moreover, lower potential output in the U.S. eases the risk of a regulatory ban on oil from Canada's oil sands, and could lead to increased oil exports to the U.S.»

With the economy expected to resume above - potential growth in the near term, our expectation is that inflation will converge on 2 per cent as the output gap closes and the temporary effects of low oil prices and past exchange rate depreciation dissipate.

Update — Crude oil: Starting to see headline and murmurs about a potential for OPEC to freeze output — AGAIN!

For all their official production measurements, OPEC uses an average of estimates from six «secondary sources», namely the International Energy Agency (IEA), the oil - pricing agencies Platts and Argus, the U.S. Energy Information Administration (EIA), the oil consultancy Cambridge Energy Research Associates (CERA) and the industry newsletter Petroleum Intelligence Weekly, as an impartial adjudicator as to whether their output quotas and production cuts are being met, to resolve any potential disputes that could arise if each member reported their own figures.

Economic growth in Alberta remains positive, even when one accounts for every conceivable indirect outside force on the price of Canadian oil, no matter how tenuous the connection is: potential new Iranian supply, single - industry OPEC nations being forced to reduce output, Greece leaving the Eurozone, Donald Trump surging in the polls, Tom Brady facing suspension, etc..

A supply shock, for example a major oil price increase, will reduce both actual and potential output, as well as raising prices.