Sentences with phrase «years on crude»

Card Expiration Date 02/27/2024 TWIC Card issued 0324/2015 Card Expiration Date 03/24/2020 Began my merchant marine career sailing three years on Crude Oil Super Tankers up to 2nd Engineer with Aeolos Management S.A. from 1990 to 1993.

Not exact matches

A lot has changed in crude oil markets in North America in the last few years, and these changes have had significant impacts on the value of Western Canadian crude production.

Fourth - quarter profits in Exxon's downstream sector, which is focused on refining crude oil into fuels like gasoline, also rose $ 323 million from a year earlier.

The decreases are largely the result of the oil glut and all - time lows for crude prices — last year, mining, oil producers, and metal companies lost a combined $ 70 billion on $ 1.3 trillion in revenue.

While the short position Chanos has in Alibaba has not worked out, Yusko was right on one of his most bearish calls in recent years: In early 2015 he predicted oil would hit $ 30 when many thought crude had already hit a bottom.

During recent years, Werklund has been focusing on philanthropy — in March he donated $ 16 million to Olds College, the biggest single donation in Alberta colleges» history — after stepping down from executive control of his company Canadian Crude Separators in 2010.

Meanwhile, the 2015 repeal of a 40 - year - old ban on crude oil exports - passed by a Republican - controlled Congress and signed by former President Barack Obama - has made strategic shipments overseas possible.

Last year, funds that bet on an oil - price recovery were hit as crude in June fell to $ 42.05, the low for the year.

But Wood Mackenzie speculates that investors might not remain so stubborn with U.S. crude prices at three - year highs above $ 60 and a corporate tax cut windfall on the horizon.

Brent crude, the international benchmark for oil prices, rose to $ 70.37 on Monday, while U.S. West Texas Intermediate crude reached $ 64.89 on Tuesday, both hitting more than three - year highs.

HOUSTON, Jan 26 - Oil prices settled higher on Friday after hitting three - year highs, with crude also posting a weekly gain as a weaker U.S. dollar underpinned prices.

Oil prices continued their months - long decline Monday, with the price of crude briefly falling below $ 50 per barrel for the first time in more than five years earlier in the session on account of global oversupply.

CNBC's Jackie DeAngelis reports gasoline storage is reaching levels not seen in 27 - years and those stockpiles are putting downward pressure on crude.

CNBC's Jackie DeAngelis reports on a drawdown in crude inventories at a time of year when traders begin to see builds.

Yet, in an effort to further their influence over world crude supplies, the two countries are now reportedly working on a deal to actively manage markets for potentially the next 20 years.

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.

This, after a year of flatter growth and considerable volatility in the commodity markets, marked by continued discounts on Canadian crude and low gas prices.

Suncor said that while the discount Canadian producers face nearly doubled in the first quarter compared with last year's quarter, it had no impact on the company's earnings or cash flow, as low crude prices were offset by better midstream and downstream returns.

As StatsCan researcher Philip Cross pointed out years ago in a paper on Canada's so - called underground economy, we have become «conveyers of crude and moilers of metals.»

Before the recent string of production disruptions, which were caused by militant blockades on pipelines carrying crude from three fields to export terminals, Libya was pumping over 1 million barrels of oil daily, eyeing 1.2 million bpd in output by the end of the year.

Their premium over crude on refined products such as gasoline, jet fuel and fuel oil has averaged $ 24.60 / bbl over the last year.

While the trade data had little impact on U.S. financial markets, concerns about weakening global demand pushed Brent crude oil prices to the lowest level in more than four years, dragging down U.S. stocks.

However, the dramatic year - long decline in U.S. drilling activity is taking a toll on production, causing U.S. crude stockpiles to decline for a record ninth consecutive week, with a drawdown of 2.34 MMbbl reported for the week ending July 15.

Venezuela, an oil - rich nation that went on a spending spree, is struggling to meet $ 10 billion in debt obligations this year, since 95 percent of export earnings depend on crude.

Goldman said on Monday that it was maintaining its fourth - quarter 2016 forecast of $ 45 a barrel for WTI crude and said that its full - year 2017 average WTi forecast was $ 58 a barrel, Reuters reported.

Over the past 25 years, there has been lower crude price volatility in the mid-continent regions than on the coasts (WTI vs. Brent), so there may be some improvement here, at the margin.

Since then, adverse weather has limited prospects for crop supplies more than the government expected, and crude oil is up 42 percent from a year earlier, putting more pressure on agricultural prices, Hart said.

Both projects aim to reduce the pressure on a bottleneck of crude in the U.S. Midwest that's been building up for a year.

Money managers increased their net long position in WTI by 32 percent to 208,292 futures and options, boosting the net bets on a rise in the U.S. crude benchmark by the most since December last year, according to data by the U.S. Commodity Futures Trading Commission reported by Bloomberg.

On the demand side, use of crude oil by Midwest refineries has been decreasing since the year 2000, as shown in the figure below:

In 2009, that relationship began to reverse, and through 2011 and 2012, light oil at Edmonton traded at massive discounts to similar crude streams on global markets — an average of $ 22.83 / bbl in fiscal year 2012 - 2013, as shown in the blue wedge at the top of the graphic below.

US crude oil production shattered a 47 - year output record in November, and then retreated slightly in December, the Energy Information Administration said on Wednesday, as oil production from shale continued to upend global supply patterns.

Saudi Arabia and Russia are working on a historic long - term pact that could extend controls over world crude supplies by major exporters for many years.

On what the driving force behind the rally in crude oil prices has been recently, Pickens said, «Now you are approaching 2 million barrels a day year - over-year on increase in demanOn what the driving force behind the rally in crude oil prices has been recently, Pickens said, «Now you are approaching 2 million barrels a day year - over-year on increase in demanon increase in demand.

West Texas Intermediate crude oil futures have surged to a one - month high on expectations for the first decline in weekly U.S. crude supplies in nearly three months as well as news that a key pipeline will begin service at the start of the year, relieving the glut of oil in the middle part of the...

Kashagan has huge amounts of oil in store, and according to Financial Times, «Opec, the 14 - member cartel that controls more than a third of all crude production, on Monday said Kashagan's ramp up is one reason it now thinks supplies outside the group will actually grow next year, despite two years of low prices.»

In the case of crude oil & condensates, it is expected that significant new capacity will come on stream over the next two years or so, and that this will initially outweigh declines in production from existing oilfields.

Except for a 20 - day slump in March when North American crude was on the wrong side of US$ 50 for the first time since last year's OPEC supply cut decision, oil prices had seemingly stabilized at a new level.

The yield on the US 10 - year Treasury note rose 10 basis points on the week to 2.39 %, while the price of West Texas Intermediate crude oil declined modestly to $ 44.50 a barrel from $ 45.40 a week ago.

On paper, the TransCanada Corporation now has the Trump administration's blessings to add hundreds of miles of pipeline to allow hundreds of thousands of gallons of crude produced by the Alberta tar sands to flow daily into the U.S., a permission twice denied by President Barack Obama two years ago (by veto and by outright denial of its permit), but it's premature to assume the project will actually get built.

The yield on the US 10 - year note rose six basis points to 2.30 % on the week while the price of West Texas Intermediate crude oil rose over $ 3 a barrel to $ 49.65.

Oil prices pushed lower for most of last week on the news that U.S. commercial crude inventories rose to the highest level for this time of the year in at least 80 years, though prices reversed sharply on Friday.

ENT Crude Oil February 2015 futures tested a six year low of $ 45.19 pbbl on 1/13/2015 at London ICE — lowest since April 2009.

On Wednesday, Saudi Energy Minister Khalid al - Falih said — after meeting with his Russian counterpart Alexander Novak — that OPEC and non-OPEC producers are committed to do «whatever it takes» to draw the global crude oil inventories down to their five - year average.

Behind the price surge is the steady drop in world crude stocks; strong demand from Asia as China's economy grows faster than forecast; the likelihood that OPEC will continue its production cut on into next year; and the possibility that the Trump administration will abandon the nuclear treaty and impose new sanctions on Iran.

Gasoline prices up: Americans are expected to spend an average of $ 400 per household more on fuel this year than in 2016, as the rebound in crude prices is reflected in the cost of petrol at the pump.

WTI crude oil futures have traded lower in the prior three days following the pullback on the fresh three - year high of 64.80.

These events, among others, had raised the price of Brent crude, traded in London, to its highest daily level of the year of $ 115 a barrel on June 19th.

Crude futures spiked to more than three - year highs on Thursday as the possibility of supply disruptions lifted the market.

US 10 - year Treasury note yields edged lower on the week, to 2.19 % from 2.21 % a week earlier, while the price of West Texas Intermediate Crude oil slipped to $ 47.20 a barrel from $ 48.20 last week.