Sentences with phrase «world oil markets»

The military's annual consumption of about 120 million barrels of oil is not only an enormous cost to the federal government but also a strategic risk because of the volatility of world oil markets, military analysts have said.

But to world oil markets, the latter may be a far more significant indication of where oil prices will be heading this summer.

The two leaders, who realized they stand to benefit more from cooperating in order to push prices higher, agreed to work together to help world oil markets clear a glut that had more than halved oil prices since 2014, pummeling Russian and Saudi government revenues.

The paper's authors apply a simple model of the world oil market to reach their conclusions, which are driven by the potential for the pipeline to increase global oil supply, thus lowering oil prices and increasing consumption.

The failure of high cost North American producers to cut production in an oversupplied world oil market is setting the stage for another leg down in oil prices.

The world oil market is starting to resemble the old slapstick gag about the French Foreign Legion.

The vast majority of the OPEC members were cheating on their production quotas, which caused a major oversupply problem in the world oil market.

-- US Central Intelligence Agency, «The World Oil Market in the Years Ahead,» Aug. 1979

Unless, as Michael Levi of the Council on Foreign Relations and The Post's Brad Plumer pointed out, America were to take the extraordinary step of removing itself from the world oil market entirely, which could lead to its own price spikes and ignite a trade war.

With enhanced domestic and Canadian production, the country would achieve a certain energy independence: If the world oil market were to collapse because of a global war or another catastrophe, America would maintain access to its energy resources, though they could be much more expensive.

The good news is that there is nothing like a $ 3 gallon of gasoline to get everyone thinking about new and creative ways to make transportation more affordable, less polluting, and less susceptible to the vagaries of the world oil market.

With the world oil market characterized by continuing volatility, IEA Members stand ready to respond quickly should supply problems occur.

Not exact matches

This production, combined with steadily increasing imports from Canada led to a glut in the U.S. Midwest, and a disconnection of the U.S. mid-continent oil market from world markets.

The teaser for the panel on energy markets that I am speaking on at the Milken Institute Global Conference, highlights relentless U.S. production offsetting OPEC reductions, renewables disrupting traditional energy markets, and the geopolitical implications of U.S. production growth displacing Russia as the world's largest oil producer.

The world's «easy oil» has been depleted, Grantham argues, and current high inventory levels will be used up sooner than the market expects — assuming reasonable global GDP growth.

Crude oil has helped the Saudi stock market race ahead of the rest of the world this year, but the rally is about more than energy, as reforms from Crown Prince Mohammed bin Salman receive investors» endorsement.»

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.

But that's not to say that Norway doesn't sell refined oil products to the rest of the world; Statoil has built a 110,000 bbl / day refinery specifically to serve the export market.

A sense of optimism prevails among players in the real estate market of the world's top oil exporter.

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.

«Russia is the biggest rival to the Saudis in the single - largest oil demand growth country in the world,» RBC Capital Markets» commodity strategist Michael Tran wrote.

A report from CIBC World Markets recently predicted the stock market might fall 10 % — 15 % this summer due to a confluence of factors, including a weak U.S. housing market, increasing fiscal strain, expensive oil prices, sluggish corporate earnings growth and disruptions in global supply chains stemming from the Japanese crisis.

The Financial Times reported on Thursday that the Treasury is «finalising» a $ 2 billion loan guarantee for Saudi Aramco, the state oil company that is gearing up for what would be the world's biggest ever stock market float.

Russia independently or in conjunction with allies Iran and Syria could flood global markets, thus dropping prices for not only themselves, but for those on the other side of the Syrian conflict, predominantly impacting Saudi Arabia and the US — the number two and three world oil producers, respectively.

And plenty of market watchers think supply disruptions will be contained because Saudi Arabia, the world's top oil producer, is moving to cover Libya's lost barrels.

They only compute in the context of supplying the U.S., still the world's largest oil market, where they are competing with crude that has to be shipped at considerable financial and atmospheric expense from distant sources like Nigeria and the Persian Gulf.

The price gap between North American crude and world prices is a new and unfamiliar dynamic in international oil markets, and represents a «double whammy discount» for Western Canadian producers, as Casey puts it.

The United States will overtake Russia as the world's biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) said on Tuesday, as the country's shale oil boom continues to upend global markets.

The world's largest oil company by market value had cut even cut its capital budget for the quarter by 38 %, but it wasn't enough.

The banks says the long - oversupplied oil market is tightening up more quickly than expected as global economic growth fuels demand and output cuts by OPEC, Russia and several other producers eat into the world's crude stockpiles.

World stock markets skidded further Wednesday as fresh declines in crude oil prices stoked fears for the health of the global economy.

The usual proxies for global growth — oil and other commodities, emerging market currencies, energy and mining stocks — are almost all sharply lower as investors bail out of any kind of trade predicated on growth in China and the rest of the emerging world, which accounts for 85 % of the world's population.

But Alberta heavy oil is sometimes fetching as little as half the world price due to the competition from U.S. - produced shale oil and a shortage of pipelines to get the crude to the coasts and other refining markets.

Prices for crude oil, the world economy's most essential commodity, will need until 2020 to recover from the price war unleashed last year by Saudi Arabia, the International Energy Agency said Tuesday in its annual outlook for the global energy market.

That power squarely rests with oil - rich nations that hold most of the world's oil reserves and the Wall Street banks and hedge funds that speculate and make markets in the oil trading game.

But that volatility, as Ghosh likes to note, is the upside of the integrated nature of the company, which gives it a continued hedge against the differential in world oil prices through its downstream and midstream assets — on the midstream side, Husky operates a 2,000 - kilometre crude - oil pipeline system, and its downstream operations include upgrading and refining crude oil, and marketing gasoline, diesel, jet fuel, asphalt and ethanol in Canada and the United States.

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.

With the world awash in oil and prices half their year - ago levels, there's one market that's benefited: crude tanker ships.

Jeff is a classic chicken little thinker, oil prices are high and OMG its the end of the world as we know it, oil prices falls and OMG the TSX market is over and done with.

Venezuela could, on paper, be one of the soundest emerging - market credits, given that it has the world's largest oil and gas reserves.

Russia said that it would not attend the meeting on Wednesday, a sign that OPEC diplomats failed to bring the world's largest oil producer on board with a much more comprehensive market intervention.

By connecting land - locked oil deposits in Alberta and North Dakota with world markets, pipelines and railways aren't just letting -LSB-...]

Despite a saturated world market, North American production, whether it's bitumen from Alberta's oil sands or light oil from North Dakota or Texas, continues to increase.

In a separate report today, CIBC World Markets economists noted in a report today that the oil sands are already on track to become the biggest single source of oil imports to the United States this year.

By connecting land - locked oil deposits in Alberta and North Dakota with world markets, pipelines and railways aren't just letting industry pull more oil out of the ground — they're also connecting those oil flows to world prices.

The IEA said a move by the world's big oil exporters in OPEC, led by Saudi Arabia, to defend their market share by not reducing production appeared to be working.

However, since Canada's population is concentrated in markets that already fetch their oil at higher world prices, even if western Canadian producers were to access better prices for their products, that would be unlikely to have a meaningful effect on gasoline prices or other segments of our economy.

Canada is potentially vulnerable to supply disruptions resulting from states» decisions to withhold oil supplies from world markets or from damage to oil supply chains by nonstate actors or natural disasters.

Reuters data shows that Exxon Mobil reported EBITDA of $ 23 billion last year, and the world's biggest listed oil firm currently has a market capitalization of $ 335 billion.

World oil supply fell by 720,000 barrels per day (bpd) in August compared to July, a significant decline that will aid in the market's progress towards rebalancing.