Sentences with phrase «years than their oil»

It is no coincidence that the citizens of Arab countries with limited fossil fuel reserves have enjoyed greater freedom over the years than their oil - rich neighbours.

Not exact matches

Continental posted net income of $ 233.9 million, or 63 cents per share, compared with $ 469,000, or less than a penny per share, in the year - ago quarter, when oil prices plummeted - and the company's production costs were higher.

LONDON, May 1 - The dollar broke into positive territory for the year and bond yields were creeping higher again on Tuesday, as the recent rise in oil prices fuelled bets that the U.S. May Day holidays across Asia and Europe meant trading was thinner than usual, though there was more than enough news flow to keep those...

Oil has dropped more than six per cent since closing at a two - year high of $ 110.53 on Sept. 6.

The sector is further along the cyclical timeline than oil, because its own price fall happened five years ago instead of two.

Buried in statistics released by the Energy Information Administration this week indicating the United States is exporting more crude oil than it has in 15 years is a still more startling fact: «Almost all of the crude oil exported from the United States has been delivered to Canada.»

Buried in statistics released by the Energy Information Administration this week indicating the United States is exporting more crude oil than it has in 15 years is a still more

And with supplies from Iraq threatened with disruption — in recent years, Iraq was the only major producer increasing its output faster than the U.S. and Canada — that American oil is only going to get more competitive in the marketplace.

The oil rally has helped stocks in Saudi Arabia claim top honors this year, but the story is about more than energy.

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.»

More than five years ago, Bentham says, he and his team began to flag to Shell executives changes afoot in the economy that, they believed, might dramatically affect the oil business.

Royal Dutch / Shell and BP on Tuesday joined peers in reporting higher than expected earnings by making further deep cuts in spending to cope with an oil price downturn now in its third year.

Oil rose 12 percent in the third quarter, its best in more than a year.

Europe's largest oil firm Royal Dutch Shell has beaten analyst expectations, reporting profits for its second quarter that are three times larger than this time last year.

Chief Executive Bob Dudley is in line for a $ 19.6 million compensation package for 2015, a year in which shrinking profit margins triggered by sharp falls in the price of oil led to more than 5,000 job losses at the oil and gas company.

U.S. oil output has risen to more than 10 million barrels per day for the first time since 1970 thanks to improved drilling technology that dates back years.

OPEC said Monday it expects demand for oil to grow faster than it originally expected in 2018, but the organization also sees supplies from beyond the producer group surging this year, driven by rising U.S. output.

Near the end of August, the price of oil dipped under $ 40 a barrel for the first time in more than six years, further imperiling Canada's sluggish economy.

It also means that over the next year, Apple will be paying more back in dividends than any other publicly traded company, beating out oil giant Exxon Mobil for the position, according to Howard Siliverblatt, veteran market watcher and senior index analyst at S&P Dow Jones Indices.

Barron's calling Shell «the best big oil stock for investors,» saying shares could rise more than 20 % this year.

Merger and acquisition activity in the oil and gas sector dropped to less than $ 1 billion in the first quarter of this year — the lowest since 1994, according to figures recently published in The Globe and Mail.

But the reason they're expecting to do well this year has more to do with their marketing efforts, rather than the recovering economy or other factors like low oil prices, according to a small business holiday survey from Constant Contact, an online marketing firm in Waltham, Massachusetts.

«So every year this company spits out a lot more free cash flow than your typical oil major,» Kirby says.

«The chances of wage inflation are higher this year than last; oil prices are up; the dollar is down.

In a story yesterday, the news agency reported that US oil imports form Africa were greater than those from the Middles East in 2006, for the first time in 21 years, according to government data.

CANNON BALL, N.D. (AP)-- Oil could be flowing through the $ 3.8 billion Dakota Access pipeline in less than two weeks, according to court documents filed by the developer just before police and soldiers started clearing a protest camp in North Dakota where pipeline opponents had gathered for the better part of a year.

Economists are now fretting over daily swings in the price of oil, which recently surged to more than US$ 105 per barrel — its highest level in more than two - and - a-half years.

The last time oil averaged less than $ 2 for a full year was 2004, which was also the last time gasoline at stations in some states fell below $ 1 a gallon.

In the intervening years since TransCanada originally proposed Keystone XL, U.S. oil production has grown by more than 80 percent, from just over 5 million barrels per day to about 9.6 mb / d today.

A bet on the price of oil is not exactly conservative investing, but MLPs are cheaper than they've been in years, and the income they can offer investors is substantial.

Shell led the charge, more than tripling profits in the second quarter from a year ago, boosted by its refining and chemicals business and a 16 percent rise in oil prices.

OPEC wants to keep oil prices relatively higher than they have been in recent years, having lost $ 76 billion in 2016 due to cheap oil caused by rising American and Iranian oil production, according to a report by the US Energy Information Administration (EIA).

The new company will be led by the president of EQT's midstream business, Jerry Ashcroft, who has more than 15 years of experience in the oil and gas industry, according to EQT.

Failure of prices to recover raises the prospect of even deeper cuts to investment by oil and gas companies next year and would likely result in Canada's economy remaining on a slower growth path than the 2.2 per cent pace we are expecting.»

Under former president Barack Obama, Transcanada Corp's Keystone XL oil pipeline was rejected in 2015 after environmentalists campaigned against the project for more than seven years.

Mr. Pruitt's office has apparently acknowledged 3,000 emails and other documents reflecting communications with certain oil and gas companies, but has yet to make any of these available in response to a Freedom of Information Act request filed more than two years ago.

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.

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.

U.S. refineries are processing about a million barrels a day less oil than at this time last year due to impacts from Harvey.

U.S. oil demand in August was slightly stronger than previously estimated, but still down nearly 1 percent from a year ago, the U.S. government said Wednesday.

Unlike traditional onshore oilfields, which might have an annual production decline of 5 % or less, shale oil wells often decline more than 50 % in their first year.

Early in 2014 the rookie hedge fund manager noticed something unusual: The amount of crude oil being stockpiled around the world was building much faster than normal for that time of year.

The vow came as the Calgary - based company blamed clogged export pipelines for its worst heavy oil price discounts in five years during the first three months of 2018, contributing to a higher - than - expected $ 914 - million net loss in the first quarter.

Crude - by - rail shipments are expected to ramp up in the second half of this year and into the first half of next year to «very material volumes of oil,» Pourbaix said, adding price discounts will improve but will likely remain higher than usual because rail costs more than pipeline transport.

Before starting $ 19 - million Oil Changers, a California chain of 37 oil - and - filter - change centers, Larry Read spent more than a year on the road, talking to owners of independent «quick - change» shops from Salt Lake City to Daytona Beach, FlOil Changers, a California chain of 37 oil - and - filter - change centers, Larry Read spent more than a year on the road, talking to owners of independent «quick - change» shops from Salt Lake City to Daytona Beach, Floil - and - filter - change centers, Larry Read spent more than a year on the road, talking to owners of independent «quick - change» shops from Salt Lake City to Daytona Beach, Fla..

If you're talking about a new project with no significant investment already deployed, building a new mine if you expect today's prices to hold in the long term is a tough call — a 50 - year oil sands project is a lot of risk for less than a 10 % rate of return — but even there, you can see the impact of the lower Canadian dollar and the hedge provided by a royalty regime which lowers rates when prices are low.

That year Enbridge Inc. reversed the flow on an old line it had acquired to bring oil from the Midwest to Cushing — a roundabout solution, but it worked, immediately shrinking the price gap between «Edmonton par» and WTI from more than US$ 10 a barrel to mere pennies.

Of course, as the past few years have shown, having so many eggs in the oil and gas basket can be a liability, but probably nobody in Canada has more experience riding the sector's ups and downs than does Riddell.

With oil prices climbing and demand high, drivers are paying more to fill their gas tanks than they have in three years.

Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).