Oil Prices in a sentence

Oil prices soar as attack on Saudi plant threatens supplyThe loss of 5 percent of world crude oil output from an attack on Saudi Arabia's largest oil processing plant pushed crude prices sharply higher on Monday.

Diamondback expects oil production costs to increase 12% in the Midland Basin this year and 17% in the Delaware, but those figures could rise if oil prices continue to rise as oil service providers will likely raise prices.

Iranian oil tanker incident follows the September 14 attacks on two Saudi Arabian oil processing plants that knocked out more than half of the kingdom's crude oil output that caused a spike in oil prices.

The impact of rising oil prices on inflation would depend on the extent of pass-through to consumers and the time gap between increase in global prices and pump prices, he added.

So with the energy sector, I think you have to look past what oil prices are doing in the short term. You really need to think about what oil prices are going to do over the course of a full economic cycle.

Brent crude oil prices jumped 9.2% to $78.23 a barrel, the strongest weekly advance in nearly two years, as data showing ongoing low levels of global oil inventories pushed prices higher.

International oil prices on Monday plunged to a 17-year low but retail petrol and diesel prices in India remained on freeze as oil companies continued to set off gains against the excise duty hiked by the government.

Finally, rising oil prices will worsen the current account (CA) balance; every $10/bbl rise in oil prices deteriorates the CA by 0.4 per cent of GDP,” said Nomura.

The pace of drilling slowed after oil prices tumbled starting in 2014, but roared back as operators learned to produce oil more efficiently and crude prices rebounded.

The 1973 Arab Oil Embargo led to soaring oil prices and gasoline shortages, sparking interest in reducing dependence on foreign oil.

Even Iran’s most successful cyberattack — on Saudi Aramco, the world’s largest oil company, which devastated thousands of the company’s computers and cost millions — had limited impact on oil prices or global oil supply.

Early on Saturday, two major Saudi Arabian oil facilities were set ablaze in a coordinated drone attack, forcing the kingdom to shut down half its oil production and sparking fears of a big jump in oil prices.

Iranian Oil Minister Bijan Zanganeh said the attacks on a Saudi oil field and the world's largest crude processing plant would affect oil prices everywhere but only in the short-term.

Despite a 16% increase in oil production and higher oil prices, Chesapeake Energy still only generated 40% of revenues from oil in the last quarter.

Romania as a major oil-producer greatly benefited from the high oil prices of the 1970s, which led Ceaușescu to embark on an ambitious plan to invest heavily in oil-refining plants.

With oil prices as low as around $40 per barrel in the U.S. as of December 2008, liquid coal lost some of its economic allure in the U.S., but will probably be re-vitalized, similar to oil sand projects, with an oil price around $70 per barrel.

And oil prices — the main driver of retail pump prices — continue to set new highs in large part because that’s what Saudi Arabia and Russia want.

Ticket prices have eased on improved supplies and a decline in oil prices.

While I don't have a crystal ball, I believe crude oil prices will continue to fall, even if there may be brief periods when market prices rise.

With oil prices dropping of late, that could show up in consumer prices in the months ahead, providing a tailwind for the sector.