Sentences with phrase «price of oil at»

The price of oil at $ 64 per barrel is about half of what it was at the peak in 2014, when energy companies were doing extensive exploration.

In October, Saudi Arabia announced it would not support the price of oil at $ 70 a barrel by limiting supply.

Of course, if the spot price of oil at delivery was $ 98 instead, you'd make $ 3 per barrel.

To undermine his credibility even further, the TD bank issued a report that said, that at a price of oil at $ 40 a barrel, the government's contingency reserves would be depleted and the government would be in deficit in 2015 - 16.

Not exact matches

The OPEC member that needs the «lowest» price of oil to balance this year's expenditure is Iran, at $ 52 a barrel, according to data by RBC Capital Markets.

«If you had a strong track record of finding and developing oil and gas at the right price, you could always raise capital,» Grad says.

Either of these meant that, relative to world prices, Canadian oil was trading at a significant discount in Alberta.

«If Trump abandons the deal, he risks a spike in global oil prices,» said Ole Hansen, head of commodity strategy at Saxo Bank, adding that re-introducing U.S. sanctions could remove 300,000 - 500,000 bpd of Iranian oil from global supplies.

Steven Cook, senior fellow for Middle East and Africa Studies at the Council on Foreign Relations, said higher oil prices lessen all the worries from 2015 and 2016 about the Saudi government's ability to maintain its commitments, but the consolidation of power in the hands of the Crown Prince also is significant for the market and investors as his reform program is widely regarded as critical for Saudi Arabia's future prosperity.

Nearly as surprising was the willingness of Russia and private oil companies in North America to carry on at prices that were understood to be well below their break - even points.

At its peak, in the spring of 2012, light oil at Edmonton was trading at a discount of almost $ CDN 40 per barrel to Brent prices, and at a discount of almost $ CDN 20 / barrel to U.S. mid-continent priceAt its peak, in the spring of 2012, light oil at Edmonton was trading at a discount of almost $ CDN 40 per barrel to Brent prices, and at a discount of almost $ CDN 20 / barrel to U.S. mid-continent priceat Edmonton was trading at a discount of almost $ CDN 40 per barrel to Brent prices, and at a discount of almost $ CDN 20 / barrel to U.S. mid-continent priceat a discount of almost $ CDN 40 per barrel to Brent prices, and at a discount of almost $ CDN 20 / barrel to U.S. mid-continent priceat a discount of almost $ CDN 20 / barrel to U.S. mid-continent prices.

Wages barely are keeping up with inflation, and oil prices have settled at a level that is unlikely to generate the kind of economic activity to which we had become accustomed before the 2014 - 15 crash.

The long - awaited international listing of Saudi Aramco is likely to be delayed, but the wait makes sense as oil prices are tipped to touch $ 80 per barrel, said Fadi Arbid, founding partner and chief investment officer at Amwal Capital Partners.

If you want to know what the break - even price for new oilsands projects is (at least for the marginal project), look at the forecast of future oil prices.

In October of 2011, the price of WTI at Cushing, OK was discounted by almost $ US25 per barrel compared to similar oil grades on the U.S. Gulf Coast, only 600 miles away.

«The idea that gasoline demand is actually rising suggests that perhaps the lower prices of crude are actually prompting a greater usage of this product (gasoline),» said Vyanne Lai, oil analyst at National Australia Bank.

Just how bad low oil prices are — if they're bad at all — kind of depends on your perspective, he says.

At a press conference later, Poloz dismissed a spate of disappointing economic indicators, and he shrugged off a question about the slide of oil prices to below $ 38 (US) per barrel.

Shell's Chief Executive Officer Ben van Beurden said the oil sector had yet to emerge from troubled waters, but huge cost savings meant oil majors were getting closer to balancing their operations at today's oil prices of around $ 50 a barrel.

But Waghorn says Hess's wide range of oil reserves, including fields in Guyana, will help diversify its revenue sources in case prices stall at current levels.

«Clearly we look at the price of oil,» Simonelli from BHGE told CNBC, «At the same time, it's only one of the data points we look aat the price of oil,» Simonelli from BHGE told CNBC, «At the same time, it's only one of the data points we look aAt the same time, it's only one of the data points we look atat.

We have a different view on inflation, which we see below 2 percent even in 2018,» analysts at Bank of America Merrill Lynch said in a note on Wednesday, explaining that oil prices will keep headline inflation low.

Chief Executive Bob Dudley is in line for a $ 19.6 million compensation package for 2015, a year in which shrinking profit margins triggered by sharp falls in the price of oil led to more than 5,000 job losses at the oil and gas company.

Oil's price also has been firming as Houthi rebels in Yemen have increased a campaign of firing missiles into Saudi Arabia, both at oil facilities and civilian areas, but those efforts have so far failOil's price also has been firming as Houthi rebels in Yemen have increased a campaign of firing missiles into Saudi Arabia, both at oil facilities and civilian areas, but those efforts have so far failoil facilities and civilian areas, but those efforts have so far failed.

«Today, the focus is on oil markets, where prices have risen on the back of rising supply risk from developments in Iraq,» wrote Camilla Sutton, chief FX strategist at Scotiabank.

«If Trump abandons the deal, he risks a spike in global oil prices... The re-introduction of U.S. sanctions would hurt Iran's ability to transact in dollars,» said Ole Hansen, head of commodity strategy at Saxo Bank.

In fact, in the 10 years previous to the January 2011 cut - off of the graph, Canadian light oil sold (in Edmonton) at a $ 2 per barrel premium to the average cost of U.S. Saudi Light oil imports because of our access to premium - priced markets in the mid-continent.

Western Australia's only onshore oil producer has suspended production after being hit by the low oil price and the high cost of trucking its output to Wyndham rather than the much closer port at Broome.

Between June 2012 and July 2013, the difference between the landed costs of Saudi Light oil into the U.S. and the price of light oil at Edmonton was $ 18.48 per barrel, while the difference in costs between Mexican Maya landed in the U.S. and Western Canada Select heavy blend at Hardisty, AB, was $ 29.02 per barrel.

«Particularly with oil prices hitting lows at some point in the first quarter... lots of sub investment - grade firms could be under a lot of stress, and for those with stronger balance sheets, those companies could take this as an opportunity to buy and acquire assets,» Deshpande said in a phone interview.

«At this point, and in the context of oil prices that are within striking distance of what we envision to be cyclical highs over the next 6 to 12 months, we think the Exxon short has essentially run its course,» Raymond James analyst Pavel Molchanov wrote.

That's left a lot of junk bond fund managers with plenty of exposure to the energy sector at a time when oil prices have crashed and defaults, particularly among fracking companies, are rising.

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.

A rising oil price is positive for fiscal balances, but it slows long - term reform, says Jan Friedrich, head of Middle East & Africa sovereign ratings at Fitch Ratings.

This partly reflects the fall back in the U.S. dollar on the back of rate hike delays, which has allowed commodity prices, notably oil, to rebound,» said Shane Oliver, head of Investment Strategy and chief economist at AMP Capital.

Other important assumptions not specified above are a $ 0.99 US / Cdn FX rate, a $ 4 / bbl diluent premium over light oil and a $ CDN 15 difference between the $ CDN - equivalent WTI price and WCS prices at Hardisty, both increasing with inflation, and transportation charges of $ 1 / bbl for diluent and $ 1.50 / bbl for dilbit to / from Hardisty.

It also gradually phased out subsidies that kept retail fuel cheap, causing prices at the pump to climb by an average of nearly 25 % since 2014, even though global oil prices fell by as much as 75 % during that period.

High demand for diesel and home heating fuel in particular means refineries are willing to pay more for crude oil, said Tom Kloza, global head of energy analysis at Oil Price Information Servioil, said Tom Kloza, global head of energy analysis at Oil Price Information ServiOil Price Information Service.

This causes it to trade at a discount to world oil prices, giving those refiners fatter margins and U.S. consumers a bit of relief at the pump.

At the end of last year, the price of a litre of diesel was 59.64 rupees, meaning it has risen by 10.5 percent so far this year, not quite keeping pace with the rise in Brent crude oil.

Currently, Venezuela provides Cuba with the bulk of the oil it consumes at subsidized prices.

He is a Fellow at Columbia University's Center on Global Energy Policy and the author of the forthcoming book «Missing OPEC: The History and Future of Boom - Bust Oil Prices,» from Columbia University Press, 2016.

First, I want to look at how the changes not just in oil prices, but also changes in diluent costs, discounts for oil sands crude relative to light crude and, in particular, the fall of the Canadian dollar have changed the outlook for new oil sands projects — for those under construction, and for those currently operating.

He points out that the double - digit growth much of the emerging market experienced in 2010 is over, so it's unlikely we'll see oil prices rise, at least in the short term.

CNBC's Jackie DeAngelis reports oil prices are moving higher as natural gas trades at the low end of the range.

In order to understand the impact of the oil price crash on oil sands, you need to look at the implications for each of these categories.

«I can see a scenario where oil prices get super-bullish again if companies overcut,» he says on a recent morning, sitting in his conference room on the 38th floor of an office tower at the bottom tip of Manhattan.

Rive argues that it should stay underground, that the oil majors look at the world through petroleum - coated lenses, and that the benefits of solar are so obvious that once the price becomes more competitive, fossil - fuel use will plunge.

«I made a forecast of oil at $ 200 based on what the price would be if the economy continued to grow,» he explained in a recent interview.

The oil market remains in what's known as contango — with the future price of crude trading at a higher level than today's spot price.