Sentences with phrase «world prices of oil»

Specifically, EPA ignores the possibility that its rule will increase greenhouse gas emissions outside of the United States, through mechanisms such as a lower world price of oil due to restricted American demand.

Not exact matches

The much - anticipated international listing of Saudi Aramco — the world's largest oil company — is likely to be delayed until 2019, but that decision makes sense given that oil prices are expected to head to $ 80 per barrel, a private equity investor said.

Either of these meant that, relative to world prices, Canadian oil was trading at a significant discount in Alberta.

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.

The world's major producers have made a concerted effort to slow the advance of American oil production by increasing the supply and therefore reducing the price.

The Anglo - Dutch oil major, whose acquisition of BG Group transformed it into the world's top liquefied natural gas producer, has been under pressure from shareholders to cut annual spending to ensure it can maintain its dividend given the slow recovery in the oil prices.

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.

The price of oil dropped Tuesday after a big jump a day earlier over jitters that Russia's military advance into Ukraine could result in economic sanctions against one of the world's major energy suppliers.

The long era of too much oil sloshing around the world and low prices is coming to an end, just as global events are heating up crude prices.

In the commodities space, oil prices are headed for their eighth consecutive week of falls on Friday, the longest losing streak since 1986, according to Reuters, after the news of a sharp drop in Chinese manufacturing increased worries over the health of the world's biggest energy consumer.

If the purpose of the pipeline, from a shippers perspective, is to get world prices for oil, then why would this have any effect on refinery economics in Saint John?

With other parts of the world already in turmoil, fallout from Syria could upend the dynamic, as the peak summer season for oil demand approaches, keeping oil prices in a new, elevated range.

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.

«Cumulatively, between 2015 and 2017, the world has added around 5 mb / d of demand for oil products on the back of healthy economic conditions globally and a relatively steady product price environment,» OPEC said.

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 MENA region supplies about a third of the world's oil, and the question now is how much further prices could rise as the region descends deeper into turmoil.

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.

It's one of the country's largest oil and gas producers, but, says Cheng, price differentials between Canadian and world oil prices, low natural gas prices, cost inflation and project delays caused investors to get antsy.

This causes it to trade at a discount to world oil prices, giving those refiners fatter margins and U.S. consumers a bit of relief at the pump.

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

The world is well into a prolonged period of boom - bust oil prices, the third in its history.

The future viability of oil sands projects depends not just on your view of world oil prices — it depends just as much on how these factors evolve, in particular discounts to Canadian heavy products and the Canadian dollar.

This trend has reversed in recent weeks, with larger discounts applied to global and Canadian heavy crude leading to bitumen prices remaining low while world oil prices have gained some of the lost ground.

There are any number of theories explaining the sudden drop in crude oil prices after two years of stability: America's increasing supply, the world's faltering demand, an undeclared price war being waged by Saudi Arabia, the rising U.S. dollar.

Rive argues that it should stay underground, that the oil majors look at the world through petroleum - coated lenses, and that the benefits of solar are so obvious that once the price becomes more competitive, fossil - fuel use will plunge.

CNBC's Jackie DeAngelis reports that oil prices were affected by weak trade data out of China and the EIA cutting its world oil demand forecast.

Trump last Friday accused OPEC of «artificially» boosting oil prices, threatening on Twitter that this «will not be accepted,» drawing rebukes from several of the world's top oil exporters within OPEC.

Oil prices showed no sign of fading though, having added as much as 3 % on Wednesday after a third surprise weekly drop in U.S. crude stockpiles boosted the demand outlook in the world's largest oil consumOil prices showed no sign of fading though, having added as much as 3 % on Wednesday after a third surprise weekly drop in U.S. crude stockpiles boosted the demand outlook in the world's largest oil consumoil consumer.

After an ugly six weeks in January and February when stocks and oil prices tumbled in tandem, shares in the U.S. and much of the rest of the world have recovered nicely, with the S&P 500 on track to rise by just under 10 % for the year.

It has been a long road to recovery, but this is one part of the world that has been a net beneficiary of falling oil and commodity prices.»

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.

While we haven't yet got to the point where Canadian oil production is literally stranded — shut down for lack of a place to store, let alone ship it — our product is selling for far less than the North American and world benchmark prices that continue to make filling up your car an expensive proposition.

Oil prices collapsed on Thursday to their lowest since late November as investor worries about the world's stubbornly persistent glut of crude erased most of the gains that followed last year's OPEC's output cut.

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.

And now, the world is assuming that the tertiary effects — the collapse of oil prices and crises in secondary exporters like South Korea — can be managed.

As the world's largest consumer of crude, China seeks to gain some pricing power in the trillions of dollars of oil that are traded every year around the world.

«BP is continuing to plan for a lower oil price world,» chief executive Bob Dudley said on Tuesday, adding that «I'm not expecting big shifts in prices anytime soon and a price of $ 50 a barrel looks like the right number to plan on for the rest of the decade.»

If lower oil prices are as bad for Canada's economy as rate - cutting Bank of Canada Governor Stephen Poloz insists, the central bank might consider assessing the risks to the economy in a world where constraining carbon emissions becomes less of an abstract notion and more of a daily reality.

Only if there is a serious attempt, with all countries of the world taking part to fight climate change, will there be a big enough drop in oil consumption to really affect price.

«BP is continuing to plan for a lower oil price world,» chief executive Bob Dudley said earlier this month, adding that «I'm not expecting big shifts in prices anytime soon and a price of $ 50 a barrel looks like the right number to plan on for the rest of the decade.»

World liquids production surplus of deficit (12 - month moving average) and Brent oil price.

A hairline crack on a single pipeline has exposed the vulnerability of Dated Brent, the world's most widely used oil benchmark price

The recent surge in growth in North American non-conventional oil production, whether it's light oil from North Dakota or the heavy stuff that comes out of Alberta's oil sands, is made possible by high oil prices, which are in turn linked to world demand remaining robust.

In a world of triple - digit oil prices, the global economy will be very different from the one we've known.

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.

A supply curve is an ordered list of all the oil production opportunities globally, sorted by the cost of extraction or, probably better for this example, the potential free - on - board price at a global trading hub — take every oil play in the world and ask what it would cost delivered to the US Gulf Coast as a starting point.

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.

Related: The World Just Lost One Of Its Biggest Oil Plays To Low Prices

NEW YORK Oil prices fell about 2 percent on Friday after U.S. President Donald Trump threatened new tariffs on China, reigniting fears of a trade war between the world's two largest economies that could hurt global growth.

What we're on the verge of discovering is that much of the production that makes it possible isn't viable in a world of falling oil prices.