Sentences with phrase «years on crude oil»

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

US 10 - year Treasury note yields fell six basis points to 2.14 % on the week while West Texas Intermediate crude oil dipped 80 cents a barrel to $ 46.75.

Crude oil prices have jumped to almost one - year high's on Monday in a shocking turn of events as Russian President Vladimir Putin disclosed that Russia was ready to join the cartel's efforts to reduce global oil supply.

Gold, on the other hand, has not reacted to the extent that crude oil has to the ongoing crisis in the Middle East, although the precious metal, which is still considered a hedge against political instability, is up by more than 10 percent this year.

The crude oil ETF, which invests in futures contracts, trades near its 10 - year low price of $ 10.48 as of Oct. 18, 2017, after peaking at more than $ 100 on Jan. 1, 2008.

(i) Unable to restore the power in a few states for more than 10 + days, since a tornado passed by it (ii) Unable to restore power for 7 + days in a snowy North Eastern state, since a hurricane passed by it (iii) Having no quality in science, math and technology; depending on «imports» to uplift them (or depending on Jesus to save them)(iv) Horrible crime in downtown, ghettos of any major city (v) Unemployment of 23 % (vi) Having a president who believes that the earth is 6000 years old (vii) Having a presidential candidate which believes in subjugating women (viii) Having more than 50 % of its 2012 graduates un / under - employed (ix) No public transport, resulting in hell on earth even for a small rise in crude - oil prices (x) A crappy health care system (xi) A debt of 14Trillion, which corresponds to 50K per US resident.

«The Presidency has also failed to offer explanations on the alleged involvement of its officials in various sneaky oil subsidy deals as well as reported diversion of N1.1 trillion worth of crude last year to service APC interests.

Africa's largest economy, which relies on crude sales for around 70 percent of government revenues, has been hammered by the more than 50 percent fall in oil prices since June last year.

The Minister who appeared before the Senate Committee on Petroleum (downstream) on Thursday, also said its a shame that Nigeria can not refine its crude oil after 40 years of activities in the downstream.

He is also expected to speak on the growth prospects of the country, vis - a-vis the current fiscal discipline going into an election and the revised fiscal projections for this year owing to falling price of crude oil on the international market.

«That while the practice had started before the present administration, it has continued under the watch of the new administration without abating, so much that in the year alone, between January and August, a total of $ 344.42 million worth of crude oil has been lifted by the NPDC without remittance and also not paying remittance and other taxes on lifting,» Melaye said, pointing out that the said amount could build about 11 world - class teaching hospitals fully equipped.

The United States has become deeply reliant on extreme extraction from Canada's tar sands, which this year are expected to become this country's top source of imported crude, surpassing our purchases from the vast oil fields of Saudi Arabia.

Inman misses another huge irony here: Hubbert's forecast for the peak of global crude oil was bang on, but its full impact was deferred by the very production technique he had helped develop 60 years earlier.

The result has been a negative up market capture ratio of -109.7, meaning for every 1 % rise in inflation, the S&P GSCI Crude Oil Excess Return actually fell by 1.1 % on average in the past 10 years.

If WTI crude oil is trading on the spot market for $ 60 and the futures contract expiring two years hence is trading at $ 50, an arbitrage opportunity could exist where one sells the $ 60 spot amount and goes long the $ 50 two - year forward price.

According to GasBuddy, supply vs. demand trends going into the last part of the year will be putting downward pressure on crude oil prices — something they expect to continue well into next year.

In this election year, who will turn «saving energy» from a mere ad campaign to a real lifestyle change, who will step up to the plate to make radical changes from green washing media hype into revolutionary living beyond crude oil and other accepted fossil burning «necessities» — and what will be the impact on the future of the nation?

Santa Monica, CA — In this election year, who will turn «saving energy» from a mere ad campaign to a real lifestyle change, who will step up to the plate to make radical changes from green washing media hype into revolutionary living beyond crude oil and other accepted fossil burning «necessities» — and what will be the impact on the future of the nation?

This is clear in works like Scalar (1971), with its planes of chipboard and paper stained with crude oil, and in the carbon - paper drawings installed on both the wall and the floor, a series on view here in depth for the first time in forty years.

Despite periodic price shocks and related energy crises, the United States is even more dependent on crude oil and natural gas than it was almost 30 years ago.