Sentences with phrase «say oil prices rose»

February 29, 2012 • Industry analysts say oil prices rose ten dollars a gallon in February, driving up gas prices at the pump.

Not exact matches

NEW YORK, April 30 - Oil prices rose on Monday after Israel Prime Minister Benjamin Netanyahu said Iran had lied about pursuing nuclear weapons after signing a 2015 deal with global powers, while U.S. stocks fell with declines in healthcare shares.

The comments reflect those made by Saudi Oil Minister Khalid Al - Falih who this month said that oil prices could rise to $ 75 without causing economic damaOil Minister Khalid Al - Falih who this month said that oil prices could rise to $ 75 without causing economic damaoil prices could rise to $ 75 without causing economic damage.

The price of oil has risen to its highest since late 2014 this month, driven by concern over the potential for disruption to Iranian crude flows, but analysts say the degree of uncertainty hanging over the deal means the market is extremely sensitive to any developments.

Bets on rising crude prices are close to a near - record high,» PVM Oil Associates strategist Stephen Brennock said.

With operating net profit — or profits before taxes and interest — up by 30 percent to 978 million euros, Eni CEO Claudio Descalzi said that Eni's results were «over and above the rising price of oil.»

«That rise in U.S. production and further rises in U.S. production will put a cap or a damper eventually on higher oil prices,» Behravesh said.

Nonetheless, Saudi Arabia's economy is still largely predicated on oil and, with oil prices rising on the back of Saudi - led OPEC and non-OPEC producers curbing oil supply, the kingdom's finance minister said he welcomed higher prices but they would not affect spending limits.

While gold is often considered an inflation hedge, Julius Baer said in a note, the fact that price pressures were being driven by confidence about growth rather than dollar weakness and rising oil prices meant it was failing to react positively.

Demand is rising too: Goldman says China and other emerging markets are using more oil than analysts had anticipated, while low gas prices are encouraging American consumers to drive more than ever.

While E&P and service companies benefit from rising prices, the same can't always be said for «downstream» businesses (think refiners and gas station operators) or «midstream» firms that transport oil.

«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.

Oil prices rose on Monday, bouncing off early losses after Israeli Prime Minister Benjamin Netanyahu said Israel had proof that «Iran lied» about its nuclear capabilities, and that he was sure US President Donald Trump would do «the right thing» in reviewing the country's nuclear deal with western powers.

(New throughout, updates prices, market activity and comments) NEW YORK, April 30 (Reuters)- Oil prices rose on Monday, bouncing off early losses as Israeli Prime Minister Benjamin Netanyahu said Israel had proof that «Iran lied» about its nuclear weapons capability, and that he was sure U.S. President Donald Trump would do «the right thing» in reviewing the country's nuclear deal with western powers.

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.

Oil prices rose on Friday after the Saudi energy minister said OPEC would need to keep coordinating supply cuts with non-member countries including Russia into 2019.

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.

LONDON — BP says first - quarter earnings surged 70 percent as the energy company profited from rising oil prices and increased production.

Potential oil price rises are «very much capped» by the availability of short - cycle oil production from the US, Neil Atkinson, head of the oil industry and Markets Division at IEA said.

«The Obama Administration is already studying whether to lift the restrictions on oil exports, but this is something that is likely to face a lot of opposition in Congress from both Democrats and Republicans, who worry that lifting the restrictions could cause gasoline prices to rise,» said Herman Wang, senior editor of oil news at Platts.

Chevron said on Friday it plans to spend between $ 25 billion to $ 28 billion next year and expects to further slash spending in 2017 and 2018 as well, an acknowledgment that oil prices are not expected to rise at all in the near future.

MILAN (AP)-- Italian gas and oil company Eni says first - quarter profits dropped slightly as production grew by 4 percent amid rising oil prices.

«With oil nearing $ 100 per barrel and gasoline prices continuing to rise, consumers» consideration for fuel economy once again is taking top billing,» Ken Czubay, a Ford vice president, said in a statement accompanying the firm's sales figures Tuesday.

It's a little premature to say a rally is on, but oil prices are going to have to rise at some point with so much production currently underwater.

HOUSTON, April 26 U.S. oil producer ConocoPhillips said on Thursday its first - quarter profit jumped 52 percent due to rising crude prices and cost cuts.

«This was after all the headlines are saying hedge funds have never bet this much on rising oil prices, in the history of oil trading.

HOUSTON, April 26 (Reuters)- U.S. oil producer ConocoPhillips said on Thursday its first - quarter profit jumped 52 percent due to rising crude prices and cost cuts.

Banks» revenue from both metals and oil is expected to increase this year as prices and volatility increase, Shahani said, with overall commodities - related revenue seen rising by around 10 percent.

The overall allocation to bonds was steady at 40.8 percent, with several managers saying inflation - linked bonds offered good value, especially considering the recent rise in oil prices.

He said he expects oil prices to rise «tangibly» from the 2016 average, and assumes oil will average $ 55 in 2017 and $ 61 in 2018.

Oil prices erased early losses to rise on Thursday afternoon after Algeria's Energy Minister Noureddine Boutarfa said that most OPEC producers are supporting the Saudi - Russian proposal for an extension of the production cuts until March 2018.

Santos chairman Keith Spence said the substantial rise in the oil price since US predator Harbour Energy made its indicative buyout overtures will need to be reflected with a higher proposal if it makes a firm and binding bid after due diligence is finished in the next two weeks.

He said the rise in the oil price and the resulting stronger cash flows made Santos a more valuable company than it was a month ago and Harbour, which made a $ 13.5 billion indicative takeover proposal in early April, would need to pay up.

Energy company Royal Dutch Shell says first - quarter earnings rose 67 percent, boosted by a rebound in oil prices and growth in its natural gas business.

NEW YORK (Reuters)- Oil prices rose on Monday after Israel Prime Minister Benjamin Netanyahu said Iran had lied about pursuing nuclear weapons after signing a 2015 deal with global powers, while U.S. stocks fell with declines in healthcare shares.

NEW YORK Oil prices rose on Monday after Israel Prime Minister Benjamin Netanyahu said Iran had lied about pursuing nuclear weapons after signing a 2015 deal with global powers, while U.S. stocks fell with declines in healthcare shares.

Many are saying that U.S. oil prices are falling due to the projections for rising U.S. production.

Last week, Sechin was quoted as saying that the recent rise in oil prices was due to a weak dollar, instead of efforts by OPEC to combat the global crude supply glut.

BEIJING (AP)-- PetroChina Ltd., China's biggest oil producer, says its profit rose 12.4 percent last year after higher retail gasoline prices helped to narrow heavy losses for its refining unit.

Santos says predator Harbour Energy will have to pay more than its original indicative proposal because oil prices have risen.

The group said this week that cost rises for energy and plastic packaging had largely stabilised, but remained precarious due continuing high prices for oil.

Wessel says the single biggest risk to the U.S. economy right now is that oil prices continue to rise.

Wilkins said the oil spill off the Alaskan coast and other factors such as an earlier rise in Mideast crude - oil prices apparently combined to spark the rapid spring surge in prices, but they were not a reflection of an actual shortage.

Moving on, oil prices began to rise on Tuesday, thanks to speculation that U.S. oil inventories will show a decline, market analysts say.

Miller said the subprime debacle, rising unemployment, record - high oil prices, and now CDS market troubles «have all the makings of the perfect storm....

So let's say that oil prices have risen and one stock in the oil sector is up, but another stock in the oil sector is down.

Think of, say, a company with excellent results, or an oil major in a rising oil price environment.

S&P says future carbon constraints need to be factored into credit assessments for the oil sector — along with uncertain future oil prices and rising operational costs — and financial models that rely on past financial performance are no longer adequate.

«One of the new and fundamental messages of this report is that renewable energies are no longer subject to the vagaries of rising and falling oil prices — they are becoming generating systems of choice for increasing numbers of power companies, communities and countries irrespective of the costs of fossil fuels,» said UNEP Executive Director Achim Steiner.

The European Biodiesel Board says that biodiesel reduces greenhouse gasses by 50 to 95 percent compared to conventional fuel, and has other advantages as well, like providing new income for farmers and energy security for Europe in the face of rising global oil prices and shrinking supply.