Sentences with phrase «predicted pump prices»

Not exact matches

The EIA in February reported that Canada pumped an average of 4.5 million barrels a day in 2015, and predicted this would rise to 4.8 million in 2017 as oil sands projects under construction when oil prices began to fall in 2014 come on line.

With the government removing fuel subsidies and oil marketers refusing to sell diesel at pump prices, the cost of doing business in Nigeria is expected to double over the next three months especially as oil hits a benchmark price of $ 38 per barrel with the International Monetary Fund (IMF) predicting a further drop to $ 20 per barrel by mid-year.

Citigroup energy analyst Tim Evans, who has been tracking oil and gas markets since the mid 1990s, says some economists erroneously predicted that most OPEC members would cheat on their commitments and pump above their quotas after oil prices plummeted from a record $ 147 a barrel last July to the mid - $ 30 range by the end of 2008.