Sentences with phrase «reduced price of oil»

We're guessing the investor thought the earnings news on Apr 14 would be better than it was, perhaps due to the reduced price of oil in the most recent quarter.

Both would reduce the price of oil and natural gas and result in their more widespread availability for both domestic use and export.

There is only one way to reduce the price of oil in a free market economy — reduce consumption.

Not exact matches

NEW YORK, April 24 - Oil prices slipped on Tuesday as concerns the United States might reinstate sanctions against Iran faded somewhat, reducing worries about the future of Iranian exports.

The world's major producers have made a concerted effort to slow the advance of American oil production by increasing the supply and therefore reducing the price.

That would give the company an even more dominant position in the pits north of Fort McMurray, which even some Calgary financiers consider a sunset industry in light of low oil prices and international pressure to reduce carbon dioxide emissions.

«While asset monetizations enhance our liquidity, sales of producing natural gas and oil properties adversely affect the amount of cash flow we generate and reduce the amount and value of collateral available to secure our obligations, both of which are exacerbated by low natural gas prices..

But the defense contractor experienced a double whammy in 2014 between falling oil prices (triggering cutbacks on energy projects) and the substantial withdrawal of U.S. troops from Iraq, reducing the need for the company's services there.

All the while, the industry thrived financially under a combination of high oil prices, low natural gas prices (a major input cost), recession - induced relief from cost inflation and a reduced cost of capital as majors and foreign national oil companies gobbled up wobbly juniors.

The facts are not right here, energy is cheap that means the cost of manufacturing and transporting of goods is low, food and consumers staples already more affordable, so what if a few American oil companies going out of business.the cost of producing oil in middle east is less than $ 10 / bl and we were paying more than $ 140 / bl for it, with that huge profit margin the big oil companies and oil producing nations became richer and the rest of us left behind, with the oil price this low the oil giants don't want to reduce the price at pump even a penny, because they are so greedy.worst case scenario is some CEOs bonuses might drop from $ 20 million to $ 15 millions I am sure they will survive.in terms of the stock market it always bounces back, after all it's just a casino like game.

Crude oil prices soared after we are seeing the reduced risk of a trade war but increasing risk of heating up the real war in Syria.

Residents see effects of oil's price plunge from the «reduced» banners over lingering home sale signs to the empty desks and floors in downtown office towers.

Miswin Mahesh, oil analyst at Barclays, agreed that a gradual recovery for oil markets was «still in place as non-OPEC supply reduces» and predicted that prices would not fall below $ 30 a barrel due to the lack of a deal.

The market should not be overly enthusiastic over today's oil price surge on reports that OPEC has managed to reach some kind of a deal to reduce supply, David Hunt, chief executive at asset manager PGIM, said in an interview with Bloomberg Television on Wednesday.

«We've seen reduced client activity (in oil), reduced hedging from the corporates as well as low prices at the start of last year and low volumes.»

Joining a list of banks cutting their price forecasts, Goldman on Friday reduced its 2015 U.S. crude oil estimate to $ 48.10 a barrel, down from $ 52.

Oil - related revenue has dwindled since 2015 as a period of low prices reduced interest from producers and consumers in financial instruments that offer protection against price volatility, said Amrit Shahani, research director at Coalition.

PDC utilizes an active hedging program for oil and natural gas to reduce the effects of variable commodity prices and help insulate cash flow to help fund its capital expenditure program.

As the biggest station operator and supplier of natural gas for transportation in the U.S., the company should benefit from higher oil prices and more focus on reducing emissions likely to drive many truck operators to consider this new engine.

While the oil bust hurt their near term financial results, it also gave them an opportunity to execute on their acquisition strategy during a period of greatly reduced prices for target companies.

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.

Joint cuts of 1.8 million b / d have reduced OECD oil inventories towards their five - year average and cleared most of the global glut, with the Saudis cutting even deeper than agreed in an attempt to lift prices well above US$ 80 before selling off shares in Aramco.

In 2016, the Organization of Petroleum Exporting Countries, headed by Oil Major Saudi Arabia, made an agreement between its members and a number of non-member countries to cut their oil production and reduce the global glut that had pushed prices so lOil Major Saudi Arabia, made an agreement between its members and a number of non-member countries to cut their oil production and reduce the global glut that had pushed prices so loil production and reduce the global glut that had pushed prices so low.

The new contracts will come when oil is roughly half that price, a drop in value that could reduce pipeline operating revenue by millions of dollars a day and ruin the pipeline's business strategy.

Michael Rawlinson, Global Co-Head of Mining and Metals at Barclays, commented that while the sharp drop in oil prices has reduced costs for mining companies it has also added to uncertainty in the market and could prolong the wait for the commodity cycle to turn upwards again.

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.

While both governments remain committed to finding new markets for Canada's oil and gas, they have voiced strong support for increasing clean energy production and exports in order to reduce carbon emissions and the impact of fluctuating oil prices on Canada's economy.

The key drivers of the Savings Glut, however, have weakened or reversed: China's growth is rebalancing toward domestic consumption, and its stock of foreign exchange (FX) reserves has declined; other Asian emerging markets have already accumulated sufficient FX reserves and no longer need to accumulate assets; and the plunge in oil prices is forcing a number of oil exporters to reduce savings to delay or smooth the adjustment in expenditures.

In the case of Cenovus, price realizations for Canadian heavy oil have been weak, thereby reducing profitability.

Brazil was able to reduce subsidies in oil and gas, but its export business was challenged as a result of the declining oil prices, and its economy remained flat.

Crude oil prices have jumped to almost one - year high's on Monday in a shocking turn of events as Russian President Vladimir Putin disclosed that Russia was ready to join the cartel's efforts to reduce global oil supply.

After declining over the first half of September as US inventories increased and US demand eased, prices rose following OPEC's unexpected decision to reduce oil production quotas by around 3 1/2 per cent, effective from November.

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..

Unless you think that either the producers willingly invest at inadequate returns, that demand for oil suddenly falls sharply, or that new technology sharply reduces cost of production, prices need to recover to «normal» relatively quickly.

A group of black parishioners in Georgia will get on their knees, wish for lower gas prices, and the being that created the entire Universe and its billions of galaxies will use its telepathic powers to read their minds and will then intervene in World economics to reduce oil prices in the Southern United States.

In a speech at the summit, Mr Brown said the world was facing «the third big oil shock in 30 years» and that measures needed to be taken to reduce the price of the valuable commodity.

The measures involve working towards making the market work better to reduce price volatility, ensuring the best use of existing oil resources, accelerating a switch to alternative energy sources and further investment in alternative energy supplies.

«However, what we are sure of is that Iran will soon add to the oil glut once the sanctions on it are lifted and increasing research and innovations in alternative energy sources will continue to reduce demand for oil and push further down the price.

«Last week they told us oh don't worry; we promised we were going to reduce electricity tariff; it's coming, we are going to reduce it drastically... look under the current circumstance, when we are shifting from hydro to thermal, and with the kind of prices crude oil is achieving on the international market, if anybody tells you that they are going to reduce electricity tariff in the face of the privatisation of the ECG, and you believe them, it is up to you.

«So he is discussing with some oil companies and looking for some innovative financing which might pick up some of the financing so that we reduce our financial output and contribution by the Federal Government, that will be a major saving which can be used to plug the gap particularly with falling oil prices.

Romney accused the president of being responsible for rising gasoline prices and reduced access to public lands for oil production, and being disingenuous about supporting fossil fuels.

The issue is not whether the U.S. can significantly reduce its reliance on oil imports with domestic, offshore oil, say both Kaufman and Nathan, but whether there is enough that is recoverable to significantly lower the price of a barrel of oil on the global market.

Less commonly, countries spoke of reducing the use of inefficient coal - fired power plants, lowering methane emissions from oil and gas production, reforming fossil fuel subsidies, and carbon pricing, the report says.

We are at a remarkable juncture where (i) the price of oil and nitrogen - based fertilizers is expected to increase, (ii) the long term availability of phosphorus for fertilizers is in doubt, (iii) the erosion of soil is reducing yields, and (iv) climate change brings extreme weather that impacts crop survival and productivity.

Tar sands, deep oil and fracking have severely blunted the oil peak, reduced fuel prices and have actually reduced CO2 because of the natural gas that comes with them.

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That should help reduce the supply of oil and stabilize prices.

Insurance is part of gas prices, without insurance they can't ship oil, reducing supply.

The bank reduced its trend - setting rate twice in 2015 to the very low level of 0.5 per cent to help the economy as it struggled with the effects of the oil - price shock.

The question remains whether or not OPEC and non-OPEC countries will honor their commitments to reduce their oil production, but the mere thought of it has already caused oil prices to rise sharply.