Sentences with phrase «see crude prices»

Kotok has seen crude price estimates over the next five years that range from US$ 220 to US$ 30.

Oil futures jumped nearly 3 per cent on a decline in US crude inventories and after sources signalled Saudi Arabia wants to see the crude price closer to $ US100 a barrel.

Not exact matches

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.»

They were the first to see that the plunge in crude prices last year heralded serious trouble — hence the January interest - rate cut.

The hard fact for North American producers is only now are we seeing a true market price for crude oil.

With the recent drop in commodity prices, especially for West Texas Intermediate crude oil, consumers are poised to win big - time while many in the financial markets are seeing a stream of losses.

CNBC's Jackie DeAngelis reports on crude prices as the latest rally takes the commodity near levels not seen since July.

The rollercoaster ride in oil prices over the past three years may be old hat to investors familiar with the commodity's historical sensitivity to macro events (see chart below), but oil price volatility is by no means endemic and several factors are now lining up to suggest a calmer period for crude may lie ahead.

Coupled with ongoing declines in the North American rig count — U.S. crude production is now at a two - year low — this helped nudge prices up to levels not seen since July 2015.

Altogether, 3.6 million barrels per day were lost in May around the world, nudging crude prices up to levels we haven't seen since July of last year.

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.

Ben Luckock is in fact so bullish that he forecast demand could exceed supply of crude oil by 2 - 4 million bpd by the end of 2019 because of the US$ 1 - trillion in spending plans that never saw the light of day as a result of the 2014 price crash.

Signs of global economic turmoil are being seen from falling stock market and crude oil prices to the weakest Canadian dollar since 2004.

If the bullish price action we have been observing follows through, we could see a dominant trend reversal that could at least lead to a new intermediate - term uptrend in crude oil.

The rise in petrol prices reflects the worldwide increase in crude oil prices since March, which reverses the decline in oil prices that had acted to reduce the CPI in earlier quarters (see Box D).

While the official goal of the new futures contract is to establish a regional benchmark for more useful pricing of the crude grades prevalent on the Chinese market, analysts see the yuan oil futures as a step toward China seeking wider acceptance of its currency in global trade, including the oil trade, and establishing a petro - yuan that could challenge, in the future, the dominance of the petrodollar.

National Bank analysts Travis Wood, Dan Payne and Brian Milne said in the note they were watching to see if more oil was moving out of Alberta and Saskatchewan on railway cars to clear out of the glut of crude in storage in Western Canada, which has weighed on domestic oil prices and producers.

Sector-wise, energy stocks are unsurprisingly struggling, but we see value in integrated oil companies, which could benefit from a stabilization in the price of crude.

In this week's Trends and Tail Risks we examine the precedent of the 1985 — 1986 crude oil price collapse — and OPEC's role in it — to see how we may apply the lessons of the past to the future.

I have been convinced that crude oil prices will inevitably find a bottom in 2012 that is well above the prices we saw in 2011 — well above $ 100 a barrel in global average price.

Strong demand for crude oil and the entire energy sector continues to push prices higher as I still think we will trade above the $ 70 level in the weeks ahead as global supplies have dwindled over the last year due to the fact that worldwide economies are improving which is a terrific thing to see in my opinion.

They're the two largest exporters of crude oil and, as you can see above, Russia requires an oil price north of $ 100, Saudi Arabia right at about $ 95 per barrel on a Brent basis, and we're below that number now.

«For now, the upward momentum that drove the price of Brent crude oil to US$ 70 per barrel has stalled; partly due to investors taking profits, but also as part of the corrections we have seen recently in many markets,» the IEA said.

Guided by the fundamental indicators such as rise in price of Gasoline, Gasoil and Brent crude on the international oil market, the country's fuel stock as well as the fair - stability of the country's local currency against the U.S. Dollar; the Institute for Energy Security (IES) sees fuel prices primed to rise again on the local market by up to 2.5 %.

«For the first time in 2009 we are seeing gasoline prices moving in concert with crude - oil prices,» said Gregg Laskoski, managing director of public relations for AAA Auto Club South.

The Nymex crude oil futures market on Thursday saw strong price gains that were mostly due to short covering and a technical bounce from an oversold market.

Brent crude oil spot prices averaged $ 72 / bbl in April, a level that hasn't been seen since 2014.

October Nymex crude oil futures saw a big rebound from the August low, but recent price action has been choppy and sideways as the market pauses.

See on the daily bar chart for November Nymex crude that the upside price action negated a downtrend line.

You can also see that there is no straightforward linear relation between crude oil and USO price, although there is a relationship in the change in daily price.

See on the daily bar chart for August Nymex crude oil futures that prices have sold off sharply recently, and then paused late this week on some short covering.

Crude oil prices have continued to rise over the last year due to strong demand by recovering developed economies such as the United States and China, limited spare production capacity in oil producing countries (or unwillingness to add more), and political instability, such as what we are seeing in Libya.

Don't be put off by the crude - looking visuals, since this is a seriously smart action platformer at the lowest price I've seen it (RRP: # 6.99).

So it turns out that the answer to our confusion (see earlier post) of how the government proposed to hike up taxes and keep fuel prices even was that they would adjust the base fuel price downward, predicated on the recent plummet of global crude prices.

We continue to see a narrowing of the WTI - Brent spread throughout the year, but a decline in overall crude oil pricing.

The gift that is American energy is seen in some key numbers: domestic crude oil production reaching more than 9 million barrels per day last month, the highest level in more than two decades, according to the U.S. Energy Information Administration (EIA); total U.S. net imports of energy as a share of energy consumption falling to their lowest level in nearly 30 years during the first six months of this year; gasoline prices dropping to an average of $ 2.47 per gallon last week, their lowest point since May 2009, according to the Lundberg Survey Inc..

What price would you pay to never have to see crude oil flooding the streets of your neighborhood?

With the price of key oil benchmark Brent crude still hovering at around six - year lows of just under $ 50 per barrel, local law firms are seeing a reduction in work as projects are put on hold or suspended, with many saying they felt the deepest effects of the drop in oil prices during the summer.

«And with the steep run - up in the price of crude oil over the past 12 months, we've seen a pretty significant increase in the amount of Middle Eastern money coming into the states.»

However, as the price of crude has plummeted and investment in the oilpatch has dried up, both residential and commercial properties in the region have stopped switching hands as owners take a wait - and - see approach.