Sentences with phrase «prices than crude oil»

NOTE: I'm planning to add Brent Crude to the indexes next month because its more closely tied to gas prices than Crude oil.

Not exact matches

In addition to the underperformance from the energy sector after U.S. military strikes in the Mideast, big oil stocks like Exxon Mobil and Chevron, which have a longer history than the ETFs, as well as the price of crude oil, have also trailed the market.

But if it's longer than that — which does look possible — we're going to see a significant rise in the price of crude oil, and in the price of refined products, especially in Western Canada.»

The world's largest publicly - traded oil and gas company by market value has ridden out a collapse in crude prices better than most, its vertically - integrated model allowing downstream businesses to capture the value that upstream operations lose when oil prices are low.

Oil and gas traders, Bailey says, received alerts about the death of the King of Saudi Arabia more than four hours before crude prices spiked on the news.

Oil prices were steady on Thursday following a larger - than - expected increase in U.S. crude inventories: U.S. crude futures were higher by 0.04 percent at $ 67.96 per barrel and Brent crude futures for July delivery were flat at $ 73.36.

«With so much supply landlocked, Canadian oil prices are taking a serious hit,» Casey Research energy analyst Marin Katusa wrote in a late June investment note that estimated that Western Canadian Select, a heavy crude, was trading for a whopping US$ 23 less than WTI; a gap 30 % larger than the average differential between 2006 and 2010.

Oil prices were higher in choppy trade on Wednesday, as a bigger - than - expected U.S. crude stock build pressured prices, but large draws of fuel stocks provided some support.

Oil prices came under pressure on Wednesday as weekly government data showed a larger - than - expected rise of 5 million barrels in U.S. crude stockpiles.

This means that current oil prices are higher than prices for crude deliveries in the future.

Brent crude, the international benchmark for oil prices, rose to $ 70.37 on Monday, while U.S. West Texas Intermediate crude reached $ 64.89 on Tuesday, both hitting more than three - year highs.

Oil prices continued their months - long decline Monday, with the price of crude briefly falling below $ 50 per barrel for the first time in more than five years earlier in the session on account of global oversupply.

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.

Crude - by - rail shipments are expected to ramp up in the second half of this year and into the first half of next year to «very material volumes of oil,» Pourbaix said, adding price discounts will improve but will likely remain higher than usual because rail costs more than pipeline transport.

And all of this is on a background of oil prices that have basically crashed since the summer, with both Brent and WTI crude prices falling more than 30 % since June to multi-year lows.

China's Sinopec, Asia's largest refiner, plans to cut Saudi crude oil imports loading in May by 40 percent after national oil company Saudi Aramco set higher - than - expected prices, an official from the company's trading arm Unipec said.

The energy sector fell 1.1 percent on the back of a more than 1 percent drop in crude oil prices as the dollar remained near a four - month high.

Statistics Canada reported in The Daily in November that, «gasoline prices have increased at a slightly faster pace in the central and eastern provinces than in the west, resulting in a spread between some provincial gasoline indices... associated with the dual crude oil market in Canada and the recent price differential between crude oil benchmarks.»

Oil prices dropped more than 3 % but later recovered somewhat, with Brent crude futures 0.6 % lower at $ 125.2 while US crude was down 0.4 % at $ 113.46 a barrel.

EIA expects West Texas Intermediate (WTI) crude oil prices to average $ 4 / b lower than Brent prices in both 2018 and 2019.

HOUSTON ConocoPhillips, the world's largest independent oil and gas exploration and production company, posted a bigger - than - expected first - quarter profit on Thursday, helped by rising crude prices and cost cuts.

Crude oil prices inched up after the EIA reported a smaller - than - expected build of 5.9 million barrels in crude oil inventories for the week to September 8, after a 4.6 - million - barrel build in the prior week due to the Gulf Coast refinery shutdCrude oil prices inched up after the EIA reported a smaller - than - expected build of 5.9 million barrels in crude oil inventories for the week to September 8, after a 4.6 - million - barrel build in the prior week due to the Gulf Coast refinery shutdcrude oil inventories for the week to September 8, after a 4.6 - million - barrel build in the prior week due to the Gulf Coast refinery shutdowns.

Prices of WTI crude oil, the benchmark grade for North America, have averaged $ 97.40 a barrel over the last year, 15 % higher than the five year average.

But the refinery making that gasoline is sure making a lot more money when it uses bitumen from Alberta than when it has to pay world oil prices for its crude.

Crude oil prices more than $ 90 per barrel in 2015 dollars.

While the trade data had little impact on U.S. financial markets, concerns about weakening global demand pushed Brent crude oil prices to the lowest level in more than four years, dragging down U.S. stocks.

Additionally, crude oil prices plummeted from $ 147 per barrel to $ 32 per barrel in less than six months.

Crude oil prices fell more than 2 % on Friday after Goldman Sachs cut its crude forecasts, citing global oversupply and concerns over the Chinese economy, and after Saudi Arabia dismissed the idea of an oil producer suCrude oil prices fell more than 2 % on Friday after Goldman Sachs cut its crude forecasts, citing global oversupply and concerns over the Chinese economy, and after Saudi Arabia dismissed the idea of an oil producer sucrude forecasts, citing global oversupply and concerns over the Chinese economy, and after Saudi Arabia dismissed the idea of an oil producer summit.

No other oil - producing region risks losing more capital spending due to lower crude prices than Alberta.

Since then, adverse weather has limited prospects for crop supplies more than the government expected, and crude oil is up 42 percent from a year earlier, putting more pressure on agricultural prices, Hart said.

Although the state had a modest increase in its gas tax in 2017 — less than 1 cent per gallon — it is crude oil prices and natural disasters that determine pricing overall.

Contango, a market situation in which the spot prices are lower than future prices, encourages traders to store crude oil and profit from selling it at prices higher than the spot market.

The large volume of restarts led to a spike in crude oil prices on Tuesday, with WTI up more than 3 percent.

The price of oil dropped more than 3 percent after the U.S. government said crude oil stockpiles grew more than expected last week, while gasoline stockpiles didn't shrink as much as investors hoped.

This figure is a good deal higher than the 1.7 per cent for the latest year - ended rise in the CPI, but the pick - up includes the effect of dropping out the impact of the health insurance rebate, which reduced the CPI in the March quarter 1999, some further effects from past movements in crude oil prices, and an increase in tobacco taxes in the December quarter.

The total percentage change in the retail petrol price, however, is always much smaller than the percentage change in the crude oil price.

Crude oil prices have dropped more than 50 per cent since June to around US$ 50 per barrel, causing some analysts to predict doom and gloom for Canada's oil and gas industry and economy as a whole.

The crash in prices meant that shale drillers moved on to greener pastures, and most of them began looking for oil rather than gas because crude fetched $ 70 to $ 80 per barrel.

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.»

A surge in North American production made possible by technological revolutions contributed to a global crude oil glut that toppled prices from more than $ 100 a barrel in 2014 to under $ 50 today.

The first price chart below shows that the levels for the Cboe Crude Oil Volatility Index (OVX) were higher than those for the VXST and VIX indexes in January, but today the the VXST and VIX rose much higher than the OVX Index — in general, implied volatility now is higher for the S&P 500 than it is for the USO Oil ETF.

Business columnists highlighted a 6 % to 8 % drop in share price at MEG Energy, Trilogy and Cenovus, but they failed to mention that Suncor, Husky and Imperial dropped less than half that amount (about 3 %) and that all energy stocks were up by the close of business Friday due to higher crude prices and «a more positive sentiment for things oil - related these days.»

Teekay Tankers was primarily negatively affected by the severe drop in crude oil prices sending tanker rates to the lowest levels in more than three years, as well as some temporary oil production outages in markets the company's tankers serve.

Crude oil prices have been more volatile this year than at any time since the financial crisis of 2008/09 and before that 1991, according to standard measures of price variability.

Crude oil prices edged up on Friday boosted by stronger than expected U.S. economic data though the longer - term outlook for energy markets remains weak due to a global oil supply glut and uncertainty over economic growth prospects in Asia.

In the three months to January, the West Texas Intermediate crude oil price averaged around US$ 32.50 per barrel, which is 8 per cent higher than the previous three months (Graph 49).

More than three years after oil prices collapsed, with crude prices stabilizing in the $ 50 — $ 70 range, oil and gas executives are allowing for a bit of optimism again.

Oil prices have collapsed, and the differential in price between the WTI and Brent, which could have been a way for Canadian oil producers to get a better price on the international markets for their crude, has shrunk to less than US$Oil prices have collapsed, and the differential in price between the WTI and Brent, which could have been a way for Canadian oil producers to get a better price on the international markets for their crude, has shrunk to less than US$oil producers to get a better price on the international markets for their crude, has shrunk to less than US$ 2.

While the surge in oil prices was largely the result of heightened geopolitical risk in Venezuela, Saudi Arabia, Iran, and Iraq, the pullback can be attributed to ongoing concerns that more crude could be produced than the market can absorb.

Oil and gas equities have been underperforming crude oil prices since the middle of 2017, but the outlook for energy stocks deteriorated further in the past two weeks, as major oil benchmarks have declined more than 10 per ceOil and gas equities have been underperforming crude oil prices since the middle of 2017, but the outlook for energy stocks deteriorated further in the past two weeks, as major oil benchmarks have declined more than 10 per ceoil prices since the middle of 2017, but the outlook for energy stocks deteriorated further in the past two weeks, as major oil benchmarks have declined more than 10 per ceoil benchmarks have declined more than 10 per cent.