«It's like being on a treadmill,»
he says about oil companies.
The same can not be
said about oil and gas production in federal waters.
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.
CEO Rob Peabody
said Husky cut back heavy
oil production by
about 5,000 barrels per day in the first quarter and substituted mainly blended bitumen bought from other Alberta oilsands companies to send to its U.S. refineries in Ohio and Wisconsin or to the refining complex on the U.S. Gulf Coast.
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.
Environmental Defense Fund president Fred Krupp
said the agreement is important because methane is responsible for
about a quarter of today's warming, and the U.S. and Canada are the world's second - and fourth - largest emitters of
oil and gas methane respectively.
Oil steadied on Monday, reversing early losses after Israeli Prime Minister Benjamin Netanyahu
said he would make an announcement later in the day
about the nuclear deal with Iran.
Statoil
says it is evaluating a new discovery of high - quality
oil about 500 kilometres northeast of St. John's, N.L..
Say what you will
about Exxon's long - time climate change denial,
about the lingering damage from the Exxon Valdez disaster,
about the fact it's the archetype of Big
Oil.
Authorities
said a tank of crude
oil or asphalt exploded
about 10 a.m. at the Husky Energy
oil refinery in Superior, a city of...
«I am tasked,»
says the
oil major's top futurist
about the existential challenge ahead, «with making sure that Shell isn't a dodo.»
«I am tasked,»
says the
oil major's top futurist
about the existential challenge ahead, «with making sure that shell isn't a dodo.»
«We all know
about the stresses that are going on in this city at $ 40 - a-barrel
oil,» he
said as he accepted the Distinguished Business Leader Award from the Calgary Chamber of Commerce and the Haskayne School of Business.
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.
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.
The Bank of Canada
said nothing in public
about the possible merits of deficit spending as it twice cut its benchmark interest rate last year to offset the collapse of
oil prices.
In response to a question
about whether a rate cut amounted to pouring gasoline on the overheated housing market, Poloz
said «We admit that these conditions are likely to cause financial imbalances,» in some cases, but that the Bank's primary goal is to ameliorate the «financial shock» to the economy caused by the drop in
oil prices.
(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.
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 jumped after Netanyahu
said Israel has evidence that Iran lied
about its nuclear program after signing the 2015 agreement with global powers.
It's hard to verify independently the claims of retail traders who
say they have made good money this year, when worries
about a slowing Chinese economy and the slumping
oil price have wiped up to $ 8 trillion from world stock markets in January alone.
The pro-independence Scottish government
says Scotland would be entitled to 90 per cent of Britain's
oil wealth — based on divvying up the two countries» waters — but only liable for
about 8 per cent of its 1.3 trillion pound ($ 2.1 trillion) national debt, based on its share of the U.K. population.
Obama raised new questions
about the project during a trip to Asia late last week,
saying it would not lower gas prices for U.S. drivers but would allow Canada to «pump their
oil, send it through our land, down to the Gulf, where it will be sold everywhere else.»
Perth - based Carnarvon Petroleum
says it will invest
about $ 10 million to acquire 3D and 2D seismic data, which will allow the company to expand its search for
oil and gas at its Phoenix project off the Pilbara coast.
Depressed
oil prices should be spurring some takeovers for the energy space, but if the sector's big dogs no longer believe
oil could stay above $ 40 a barrel or if they know
about pitfalls the market is not seeing, that could threaten the M&A prospects, Cramer
said.
The long - delayed Keystone XL project has pitted environmentalists, who worry
about spills, against industry, who
say the project will shore up discounted Canadian
oil prices and attract investment to Canada's energy sector.
He
says that Canadian
oil production is projected to double over the next two decades to
about six billion barrels, but finding markets and getting the
oil to market is not assured.
On Tuesday, Merrill Lynch analysts
said they now expect the
oil market to be undersupplied by
about 430,000 barrels a day in 2018, up from their prior forecast for a 100,000 - barrel - per - day deficit.
Greenpeace campaigner Mike Hudema also welcomed the Suncor proposal but
said producers will have to leave behind more than just the
oil that's difficult to produce if they're sincere
about reducing emissions.
As well, the government
says the deep discount on Canadian
oil exports as compared with world prices has added up to
about $ 8.4 billion in 2011 - 2012.
NEW YORK, April 30 -
Oil prices rallied 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 global stock indexes dipped with the S&P 500 led down by losses in technology.
Cenovus
said sales volumes in the fourth quarter were
about seven per cent lower than oilsands production due to the two - week shutdown and subsequent volume constraints on TransCanada Corp.'s Keystone pipeline following an
oil spill in November in South Dakota.
Environment Minister Iain Rankin
said Friday that regulations are being developed that would make participation mandatory for
about 20 large industrial emitters including Nova Scotia Power, Northern Pulp, Lafarge, and large
oil and gasoline companies such as ExxonMobil, Imperial and Irving.
The actor and former governor of California
said in a Politico - sponsored podcast at the SXSW festival in Austin that he is in talks with law firms
about possibly suing global
oil companies «for knowingly killing people all over the world.»
«
Oil industry companies would do well to be cautious and stop assuming that good relations with PDVSA can last forever due to a common interest in pumping oil,» Raul Gallegos, associate director with the consultancy Control Risks, and author of Crude Nation, a book about how oil ruined the Venezuelan economy, said in an interview with Reute
Oil industry companies would do well to be cautious and stop assuming that good relations with PDVSA can last forever due to a common interest in pumping
oil,» Raul Gallegos, associate director with the consultancy Control Risks, and author of Crude Nation, a book about how oil ruined the Venezuelan economy, said in an interview with Reute
oil,» Raul Gallegos, associate director with the consultancy Control Risks, and author of Crude Nation, a book
about how
oil ruined the Venezuelan economy, said in an interview with Reute
oil ruined the Venezuelan economy,
said in an interview with Reuters.
When asked
about contagion effects from the decline in
oil prices, Yellen
said that «leverage in the financial system in general is way down» from levels before the crisis, and
said it isn't a «major» concern that some entities would be effected by the decline in
oil prices.
In the European market, the
oil sector has a high dividend yield of
about 6 percent — the highest there is — which adds up to real value,
says Nick Nelson, head of global and European equity strategy at UBS.
(Reuters)- Packaged food maker Conagra Brands Inc (CAG.N)
said on Tuesday it would sell its Wesson cooking
oil brand to Folgers coffee maker J. M. Smucker Co (SJM.N) for
about $ 285 million.
When asked
about Canadian
oil sands production, Mulva
said those operations would be part of the upstream company.
«I don't worry at all
about whether somebody comes from the
oil industry or if they have a lot of money,» Buffett
said.
Now, of course, if we could form even tighter expectations
about likely returns using additional information,
say,
oil prices or budget deficits, it would make sense to use it.
Oil prices rallied after Israeli Prime Minister Benjamin Netanyahu
said Iran had lied
about not pursuing nuclear weapons after signing a 2015 deal with global powers.
I think we might see
about half of the states get to $ 3,»
said Tom Kloza, global energy analyst at
Oil Price Information Service.
If the Bank of Canada had kept the exchange rate fixed at -
say - 0.85 USD, the prices that Canadian
oil producers receive would be
about 15 % higher than what they get now.
Lazarus
said even though the pipeline's capacity would represent only
about one per cent of global
oil consumption, that would still be enough to incrementally move markets.
This is
about breaking the U.S. monopoly on our
oil,» Krause
said.
Of course, if you were the United States, you can't even think
about going off Mideast
oil unless you got a lockdown on Canadian
oil,» Krause
said.
Oil prices rallied after Israeli Prime Minister Benjamin Netanyahu
said that Iran had lied
about not pursuing nuclear weapons and had continued to preserve and expand its nuclear weapons knowledge after signing a 2015 deal with global powers.
Shlomi Feiner, a partner at Blake, Cassels & Graydon in Toronto,
says what is interesting
about the current M&A market is that «it's not strictly commodity and
oil and gas focused.
The possibility of an
oil spill off the coast of Metro Vancouver looms large in the minds of B.C. residents,
saying by a margin of five - to - one that it is the single biggest concern they have
about the Trans Mountain project.