Quotes about barrels
barrels closer drop increase million price production several
over the summer, or as we get closer to the election, they could increase production several million barrels a day and the price would drop significantly. Bob Woodward
barrels smoking stock
Lock, Stock and Two Smoking Barrels ... Snatch Guy Ritchie
barrels billion hear million number oil producing shocking uses
Let me give you a number that is pretty shocking when you hear it. The world uses 30 billion barrels of oil a year. There is no way we're replacing 30 billion barrels of oil. Just a million barrels a day is 1,000 wells producing 1,000 barrels. That's big.
barrels cut evaluate million per position
Our position is that we must evaluate a cut of between 500,000 and one million barrels per day (bpd).
barrels bring disruption impact line meet million minor oil per producers rising supply year
World producers need to bring another 1 1/2 million barrels per day on line every year to meet rising demand. So even a minor supply disruption is going to have a disproportionate impact on oil prices.
barrels billions building capacity creates dollars gulf hurricane idle investment layer market meaning mexico middle million nigeria nobody oil requires riots rise situation small spare thin time today
Today there is a very thin layer of insulation in the oil market amounting to approximately one million barrels a day, meaning that every small disruption, be it a hurricane in the Gulf of Mexico or riots in Nigeria or instability in the Middle East, immediately creates a rise in prices. This situation will be with us for a long time because there is no new spare capacity. Building spare capacity requires an investment of billions of dollars to create infrastructure that may sit idle most of the time. Nobody will invest on those terms,
barrels given lost production reaction reasonable restore shell
We've lost 450,000 barrels a day of production, which is significant. Shell hasn't given us much of an idea of when they will be able to restore output. This is a pretty reasonable reaction given that we don't know how long it will be before the production is back to normal. Kyle Cooper
barrels few hurt million months oil petroleum prices reserve strategic using
We have more oil in the Strategic Petroleum Reserve than we've ever had. It's full. And using about 30 or 40 million barrels for a few months to get the prices down will not hurt us strategically, Charles Schumer
barrels possible shortest time
We're working to put those barrels in place in the shortest time possible
barrels estimate higher impacts million next per squeezed year
We estimate that 1.8 million barrels per day of consumption must be squeezed out next year through the impacts of higher prices.
barrels continue increased million oil production trying
We are trying and we continue to try. We have increased oil production to over 10 million barrels a day.
barrels continue cordial fit member oil provide region states unclear
We provide 50,000 barrels of oil a day to the region and it is unclear how Trinidad and Tobago will fit into this agreement. We have been having cordial discussions with other member states and will continue these discussions at the meeting. Eric Williams
barrels believe fact looks market maybe million next ready
The market looks well supplied, in fact oversupplied, by 2 million barrels a day. We believe OPEC has to be ready to cut, maybe now in this meeting, maybe at the next meeting.
barrels crude market oil putting reacting
The market is reacting to Richardson's announcement. By putting more barrels on the market, it immediately alters U.S. crude oil inventories.
barrels cut market means
The market is overstressed ... this means we have to cut around 500 000 barrels a day.
barrels decision increase until
Our decision is in place, up until now we will still increase by 500,000 barrels a day from August. This decision is still valid.
barrels dump filling next quickly setting turn
After each heat, we're able to quickly turn the barrels up and dump the debris, filling them up and setting them down for the next round,
barrels carries material oil tons truck
Each truck carries about 400 tons of material and we get about 200 barrels of oil from that. Jim Carter
barrels closer million producing six venezuela
Five, six years ago, Venezuela was producing 3 million barrels a day. Now, it's closer to 2 million.
barrels gulf million missing nigeria production recover shows signs trouble
Production in the Gulf has yet to recover and the trouble in Nigeria shows no signs of easing. We are missing about 1 million barrels of output.
barrels million producing responds talking
Cosmetic? You are talking about quotas. But when it comes to production, OPEC responds to the market. We are producing 2 million barrels a day more.
barrels crude fell impact looking million per positive releases stocks traders
Crude stocks fell by 0.749 million barrels per day, which disappointed some traders who were looking for the SPR releases to have a positive impact on inventories.
barrels context crude highest less million mind producing runs since stocks
Crude stocks are misleading. Yes, they are the highest since 1999 but keep in mind that we are now producing 1 million barrels a day less in the U.S. and refinery runs are up by 1.2 million barrels a day. In that context crude stocks are not high.
barrels crude expected fallen million stocks week
Crude stocks are expected to have fallen by 600,000 barrels over the week while distillate stocks are expected to be up by 1.7 million barrels.
barrels boost increase opportunity output potential represents starting
This acquisition represents an exceptional opportunity for us to increase shareholder value. We are starting with around 40 barrels of output a day, but with considerable potential to boost production. David Robinson
barrels million per plan reaching
They are extracting 500,000 barrels per day, but plan on reaching 2 million barrels in 2008.
barrels cannot crude increasing loss million move oil output overcome per problem solve struggling supply
This move will not solve the real problem - the oil cannot be refined. Even before the loss of 1.8 million barrels per day of output refineries were struggling to keep up with demand. So increasing the crude supply will not overcome this bottleneck.
barrels capacity gulf million missing production spare
There isn't the spare capacity to make up for the missing production in the Gulf of Mexico. OPEC used to have 4 to 5 million barrels of spare capacity. That's down to about 1.5 million barrels a day this year.
barrels capacity considered disruption major scenario system tight took
Before Katrina, the system was already so tight that the worst-case scenario was for a disruption that took 250,000 barrels of capacity out of the picture. That would have been considered a major jolt,
barrels beyond economy future global interests oil per point
Beyond the 450,000 barrels of (crude) oil per day is the much more important point that this is the future of the global economy and it's fundamentally in our interests that we become a part of it, John McCallum
barrels exert high increase last lower market member mixed nations oil period political pressure prices sending signals supply trying volatile
Oil prices are high at $30 a barrel. The U.S. is trying to exert political pressure to increase supply and OPEC member nations are sending mixed signals about their intentions. We have a very volatile market here. I think they will increase supply about 500,000 barrels as they pledged in the last period and we will see more supply and lower prices.
barrels descent million oil provoke simple strong
The simple announcement by U.S. authorities to place one million barrels a day ... will provoke a strong descent (in oil prices) on Monday.
barrels center command front iranian issue market million oil per prospect
As long as the prospect of sanctioning 4 million barrels per day of Iranian oil is out there, the Iranian situation, in our view, will be the front and center issue that will command market attention.