Also, despite its falling trend, a recent uptick in the peso has left it relatively overvalued versus oil market prices that remain more than 30% below the highs of the first days of Russia's invasion of Ukraine, despite this week's recovery. Oil is ...
(b) Natural gas export prices have tended to be too low. Low pipeline natural gas prices to Europe were a major reason why Russia wanted to shift its natural gas exports toward China and other Asian countries, where prices might be higher. US natural gas producers are also unhappy about th...
(OPEC) have all exercised it with varying degree of success. OPEC has been the least successful and failed to manage depletion. Some researchers even argue that U.S. embargos on some of the oil-producing countries are a form of oil market management to support oil prices. OPEC does not ...
time high, low prices have caused the state’s oil and gas income to severely drop. Here is the EIA’sassessmentas of October 2016, showing the correlation of Brent price fall (in both dollars and Rubles) on the left, and the decline in oil and gas federal budget revenue on the right...
It’s been easier to buy fringier assets, but those assets required $60 oil prices or higher to even come close to printing full-cycle returns. And that’s not what these deals look like. Investor: The Bruin acquisition included a large portion of acreage north and south of the Bakken...
Great. Next question again is from John Bair. How did the Ultra Pet deal unfold? What was the catalyst for them to join the Oil-Dri family versus any of your larger competitors? Chris, can you answer that, please? Chris Lamson--Group Vice President, Retail and Wholesale ...
Also, think about yearly average prices versus overhead and lifting costs. I was operating wells in Santa Barbara County in the 1990s and oil out there dipped to a little over $9 per barrel. But our overhead and lifting costs were set at $4 per barrel. Our production levels accommodated...
I then used the coefficients from that historical relation to see how much of the drop in oil prices since this summer we would have expected to observe, given the observed drop in copper prices and the 10-year yield and the rise in the value of the dollar. Those predicted values are pl...
In short, increasing our already-frenetic rate of drilling for tight oil requires sustained high oil prices. At today's $105 a barrel for West Texas Intermediate, that's no problem. But if prices were to fall to $70 a barrel, LeVine's source says, drilling in the Bakken would become ...
Retail gas prices have been slipping gradually for weeks, thanks to the recent fall in oil prices. Some experts think the national average price for a gallon of gas — now $2.59 — could fall another nickel by Christmas. “It couldn’t be more timely; it’s welcome news,” said Brian ...