Sentences with phrase «when global oil»

If such is the case, the premium may have ended when global oil storage capacity became exhausted; the contango would have deepened as the lack of storage supply to soak up excess oil supply would have put further pressure on spot prices.

That changed dramatically starting in late 2014, when global oil supplies began growing faster than demand.

Not exact matches

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.

But the world has changed a great deal since the height of OPEC's power in 1979, when member nations accounted for 50 % of global oil production, compared with less than one - third today.

Long gone are the days when Saudi Arabia acted as the so - called «swing producer» in the global oil market, when it would increase or decrease production to keep prices stable and profits high.

Geopolitical concerns: Considerable geopolitics always plays a role in oil pricing, especially when they involve conflicts — like those in the Gulf Region, where roughly 60 percent of global oil is produced.

Oil is currently trading at about US$ 45 / bbl, which in current dollars puts it below where it was at the end of 2008, back when global markets were still in the thick of the financial crisis.

When the Canadian oil discount hit a four - year high at $ 31 in January, Alberta oil companies started calling Ceres Global Ag Corp, a grain and fertilizer handling facility on the Canada-U.S. border at Northgate, Saskatchewan.

Commodities will fall across the board, including oil and energy when the global slowdown becomes clear.

Problems in China, the world's second largest economy, can crimp global growth, a big concern at a time when weak oil prices and geopolitical concerns are also clouding the outlook.

Four years ago, when I was still chief economist at CIBC World Markets, I forecast that global economic growth was on pace to send oil prices to $ 200 a barrel by 2012.

July 2016 Oil and Gas Prices Global crude markets showed resilience in June when both Brent and WTI rallied to a 2016 high above $ 51 / bbl, due to continuing outages in Nigeria and Canada, as well as a 1.7 % decline in U.S. production.

The US oil - rig count plateaued near the highest level in three years and showed signs of declining in late March (to 797), though it still stood 50 rigs above the year - end 2017 total.2 This contributed to expectations for a further increase in American crude production, which has topped 10 mb / d each week since early February, when WTI prices began to recede from their intra-quarterly high of US$ 66.14 a barrel.3 The amount of crude in US storage occasionally exceeded weekly estimates given the higher domestic output and fluctuating net import figures, reigniting fears that US production may thwart OPEC's efforts to clear global oversupply.

When oil prices go up, that means the global economy is better, and when oil goes down, supposedly that's a reflection of a much weaker econWhen oil prices go up, that means the global economy is better, and when oil goes down, supposedly that's a reflection of a much weaker econwhen oil goes down, supposedly that's a reflection of a much weaker economy.

Nikolaos Panigirtzoglou from JP Morgan says global consumers enjoyed a US$ 1.8 trillion annual windfall — worth 2.2 per cent of global GDP — when oil prices crashed.

The current widening trend for credit spreads dates back to mid-2014, which is when the oil price began to trend downward and obvious cracks began to appear in the global growth theme.

The oil market's basic fundamentals haven't changed much — apart from some further deceleration in the global economy - since earlier this year when I discussed a range bound energy market.

It ended disastrously because his government allowed Big Oil to make the government the scapegoat when oil prices dropped in response to global market forcOil to make the government the scapegoat when oil prices dropped in response to global market forcoil prices dropped in response to global market forces.

By now, it should be obvious that the Saudis and their Gulf allies are playing the long game when it comes to the current oil situation, and that means keeping the taps flowing in the midst of a global glut no matter how low prices go.

When this «golden moment» arrives, the effects on global oil trade — and U.S. continued supremacy in this arena — will be profound.

Crude oil prices are lower in part because markets are oversupplied at a time when global economic growth is weak.

At a time when the conversation around palm oil centres on deforestation, fires and habitat loss — and global demand shows no signs of abating — several companies have come together to create Palm Done Right, a new standard for ethical palm oil production...

This is projected to hit N3 trillion ($ 15 billion) due to heavy infrastructure spending at a time when the slump in global oil prices has slashed the country's export revenues.

Global oil benchmark, Brent crude, which was trading around $ 41 per barrel when the petrol price was increased, stood at $ 55.64 per barrel as of 5.15 pm on Friday.

One could frame the debate in the advantages of using less fossil fuel, which range from lower costs to people (an all electric car has operating costs about 1/4 that of a gasoline vehicle), to balance of payments (less capital flowing out of the country, especially relevant to countries who import most of their oil), to terrorism (not funding it, and western influence leaving the ME, which is the basis of most ME terrorist organizations) to conflict in general (most of the major conflicts in the last 30 years have involved ME oil), to finite supply (when we run out, we'll be facing a global economic meltdown).

Public revenues are the lowest since 2009 when oil prices dived as a result of the global financial crisis.

When it comes to spewing methane, big oil companies and little wildcatters both make the list for biggest contributors to global warming

it would be more inresting when we invent something new like car runs onbiofuel instead of oil and gas because it save lot of sphere above the earth surface and also help from the global warming

David Hughes, of Global Sustainability Research Inc., pointed out that production from tight oil fields like North Dakota's Bakken and Texas» Eagle Ford plays quickly reach what he called «middle age,» when production begins to fall off.

Not only has Dr. Soon lied to us and our lawmakers about the seriousness of global warming — he even lied directly to Congress in 2003 about his sources of funding at a time when he was promoting his study funded by the American Petroleum Institute, the $ 200 million / year oil and gas lobbying group.

Forecasting Oil Prices with Economic Data bit.ly / toKHW4 Real crude prices go up when global econ conditions r strong $ $ surprise, not

It would have been great, for example, if Fox had traveled to Woodward, Okla., which one survey found is the most skeptical county in America when it comes to views on global warming, but where the CNN video journalist John Sutter found an oil - company executive pursuing solar - powered independence from the grid.

When gas prices finally did fall, it was mostly because the global recession had led to less demand for oil.

(Some environmentalists have noted that this is a rare instance when global warming seems to have worried oil companies.)

Peaking oil and natural gas extraction is going to accelerate global warming when many desperate people use wood and coal for heating and cooking.

When I read Dot Earth, I get irritated by those who deny the realities of global warming or peak oil or overpopulation; who are unwilling to change in thinking or in attitude or in lifestyle.

Global economy will not pay ever rising prices for oil and just shut down when the final drop has been used.

Doesn't matter how big global estimated potential oil reserves are in total: when an oil company has diminishing access to state - controlled fossil fuels it may be experiencing its own peak - as a corporation.

The Trump Administration's plans for a dramatic and reckless increase in oil and gas drilling in the Western Arctic would threaten core wildlife values and accelerate the impacts of global climate change, at a time when a transition to clean energy alternatives is urgently needed.

Empirically, as of 2015, low fossil fuel prices are due mostly to market manipulation, and will end when the Saudis decide to quit subsidizing global consumption (esp of oil).

Oil and energy companies are the favorite target, but it's laughable when compared with money spent by government agencies promoting the IPCC version of global warming.

When I want to know the global effects on palm oil, I always check with a 71 year old actor with an earring.

You know it's over when a boatload of global warming alarmist schoolteachers have to be rescued off Antarctica by an oil tanker.

But just four days later, he directly undermined his own message, when his administration issued the final permit allowing Shell Oil to drill in the Arctic, despite the administration's own assessment that the chances of a significant oil spill in the area were 75 % — not to mention that a good deal of existing known oil reserves must be left in the ground to protect against global warmiOil to drill in the Arctic, despite the administration's own assessment that the chances of a significant oil spill in the area were 75 % — not to mention that a good deal of existing known oil reserves must be left in the ground to protect against global warmioil spill in the area were 75 % — not to mention that a good deal of existing known oil reserves must be left in the ground to protect against global warmioil reserves must be left in the ground to protect against global warming.

When tropical forests are cut down for palm oil, large amounts of carbon are released into the atmosphere, accelerating global warming.

The issue of land and ocean based oil spills are dwarfed however, when compared to the threat of global warming.

Opponents say it will foster the development of Alberta's oil sands, which will in turn emit more heat - trapping carbon dioxide when burned and thus exacerbate global warming.

But when OPEC first used its «oil weapon» against the US and Europe, the global response was to fight the OPEC cartel, and the Republicans did that by organizing a counter cartel (the IEA) to fight OPEC.

My memory of the Gulf oil well fire fiasco is that when the global cooling predicted by Carl Sagan et al did not materialize, Dr. Sagan admitted that he had been wrong.

When the reports warning of global warming first appeared, and the prescription was essentially the same as in the 1970s — stop using cars, oil is bad, man is the problem, eat your veggies etc. — I began to smell a rat.