Sentences with phrase «than oil price»

Finally, there is no better news than oil price reduction.

(Of course, this has more to do with the government's woeful mismanagement of the country than oil prices.)

Not exact matches

As the North American oil transportation system continues to evolve, with new pipelines, reversals of existing lines and a growing role for oil - by - rail, what is clear is that the North American oil market will eventually settle into a new era of pricing relationships which will be very different than those which prevailed prior to 2008.

I put more faith in futures markets than in private sector and budgetary forecasts, but given the recent escalation of oil prices, there is a reasonable chance prices end up matching or exceeding the estimates in Budget 2016.

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.

Oil prices might have bottomed as output in the United States and other non-OPEC producers is beginning to fall quickly and an increase in supply from Iran has been less than dramatic, the International Energy Agency said on Friday.

Continental posted net income of $ 233.9 million, or 63 cents per share, compared with $ 469,000, or less than a penny per share, in the year - ago quarter, when oil prices plummeted - and the company's production costs were higher.

The strategy illustrates how companies are coping with Western Canadian Select bitumen blend oil prices that have largely failed to keep up with higher prices for New York - traded West Texas Intermediate, leading to wider - than - usual differences between the two.

NEW YORK, May 1 (Reuters)- Oil prices slid more than 1 percent on Tuesday as the dollar remained near a four - month high, but worries that U.S. President Donald Trump will pull out of the Iran nuclear deal underpinned the market.

While energy companies have been shutting down wells in response to the present oil price slump, there are still more job openings than job seekers in this field, according to Job Bank Canada.

LONDON, May 1 - The dollar broke into positive territory for the year and bond yields were creeping higher again on Tuesday, as the recent rise in oil prices fuelled bets that the U.S. May Day holidays across Asia and Europe meant trading was thinner than usual, though there was more than enough news flow to keep those...

The sector is further along the cyclical timeline than oil, because its own price fall happened five years ago instead of two.

The price of oil could then spike in the future if the lower oil production meets higher than expected demand.

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.»

With oil selling for around $ 100 a barrel and gasoline prices high, sales of cars that plugged in rather than filled up were beginning to climb.

Oil companies have slashed spending, scrapped new projects, slashed tens of thousands of jobs, renegotiated supply contracts and increased borrowing in order to weather the more than halving of oil prices since June 20Oil companies have slashed spending, scrapped new projects, slashed tens of thousands of jobs, renegotiated supply contracts and increased borrowing in order to weather the more than halving of oil prices since June 20oil prices since June 2014.

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 prices slid more than one per cent on Tuesday as the US dollar remained near a four - month high, but worries that US President Donald Trump will pull out of the Iran nuclear deal underpinned the market.

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.

But van Beurden has been slimming down his portfolio of oil projects with the intent of keeping only those lean enough to make good returns in a world in which oil prices average no more than $ 40 a barrel, well below the average price over the past decade.

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.

So, while low oil prices will make this a trying quarter for the entire energy industry, companies with a more balanced portfolio of assets should fare better than the pure - plays.

Royal Dutch / Shell and BP on Tuesday joined peers in reporting higher than expected earnings by making further deep cuts in spending to cope with an oil price downturn now in its third year.

Unlike Grantham, Shilling believes that low global growth will continue to keep pressure on the price of oil, especially when Saudi Arabia, the world's most influential producer, can continue to pump up oil for less than $ 10 a barrel.

He noted that its peer Delta Air Lines reported better - than - expected earnings, but airline stocks have underperformed amid rising oil prices.

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.

And thanks to the recent supply surge, North America's natural gas is currently fetching much lower prices than the ones Asian and European importers are accustomed too, which are usually pegged to oil rates.

The collapse of oil prices wiped out profits and killed the incentive to expand in the oil patch, and economic growth of less than 2 % offers little incentive for non-energy companies to expand.

The Department of Justice launched an inquiry last summer (before it was clear that the precipitous fall in oil prices would last longer than a few months) into whether American airlines» pricing decisions qualify as collusion.

Chief Executive Bob Dudley is in line for a $ 19.6 million compensation package for 2015, a year in which shrinking profit margins triggered by sharp falls in the price of oil led to more than 5,000 job losses at the oil and gas company.

Fuelled by a low peso and cheap labour costs, Mexico's booming manufacturing industry has already overtaken Canada's in terms of the dollar value of exports to the U.S. Indeed, Canada is contending with more than just low oil prices.

The Eurozone's economy slipped in the third quarter as the slowdown in China and other emerging markets more than offset the benefit to consumers from low oil prices.

Near the end of August, the price of oil dipped under $ 40 a barrel for the first time in more than six years, further imperiling Canada's sluggish economy.

The funds, with more than $ 4 billion under management, can still make money on its drillco investment even after oil prices slipped below $ 45 per barrel this month on oversupply concerns.

Despite the rampant shutdowns of wells caused by the falling oil price of late, there are still more job openings than job seekers in this field, according to Job Bank Canada.

In the oil markets, that means that if traders will pay more to lock in a shipment at a given price several months away than they would for delivery next month, the market's in contango.

The biggest losers were energy (XLE), consumer staples (XLP) and materials (XLB), all down more than 7 percent amid riding bond yields — which makes dividend stock yields less attractive and overrode other factors, like stronger oil prices and a weak dollar.

The reason why GDI started trending above GDP is the same reason wages have been growing faster than productivity: the surge of commodity prices, and of oil prices in particular, since 2002.

Western Australia's only onshore oil producer has suspended production after being hit by the low oil price and the high cost of trucking its output to Wyndham rather than the much closer port at Broome.

But the reason they're expecting to do well this year has more to do with their marketing efforts, rather than the recovering economy or other factors like low oil prices, according to a small business holiday survey from Constant Contact, an online marketing firm in Waltham, Massachusetts.

«The chances of wage inflation are higher this year than last; oil prices are up; the dollar is down.

When the Bank of Canada cut interest rates in 2015 to offset the collapse of oil prices, it was worried about more than a blow to gross domestic product; it was also thinking about what mass firings in the oil patch could mean for the financial system.

That's because the new pipelines will connect Alberta's oil to international markets, where they can command higher prices than in North America.

If oil prices do not escalate, the government's budget outlook will deteriorate in the billions of dollars, through a combination of slow economic growth and lower than anticipated inflation.

After a period of prolonged low oil prices, many offshore drillers are focusing on tying new wells in the Gulf of Mexico to existing infrastructure, rather than investing billions in new offshore platforms, he said.

Economists are now fretting over daily swings in the price of oil, which recently surged to more than US$ 105 per barrel — its highest level in more than two - and - a-half years.

The best explanation for the rise, according to the CEOs, is that oil hit an irrational bottom price of less than $ 35, and is now returning to normal.

A bet on the price of oil is not exactly conservative investing, but MLPs are cheaper than they've been in years, and the income they can offer investors is substantial.

«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.