Barrel
in sentence
422 examples of Barrel in a sentence
When the United States went to war, oil cost less than $25 a barrel, and futures markets expected it to remain there for a decade.
Important questions about equity will arise: Who gets to sell the last
barrel
of oil?
Moreover, world oil prices that had fallen to $10 a
barrel
started rising toward the stratosphere.
And the increase in the tax on oil producers, implemented when the oil price stood at $160 per barrel, had to be postponed when the price per
barrel
fell to $30.
Cheap Oil’s Silver Lining for the GulfBEIRUT – In June 2014, a
barrel
of Brent crude – the main benchmark of the international oil market – sold for $115.
After two decades of low and relatively stable prices, oil prices had soared to more than $100 per
barrel
in 2006.
Last year, oil at $145 a
barrel
was a tipping point for the global economy, as it created a major income shock for the US, Europe, Japan, China, India, and other oil-importing economies.
The global economy, barely rising from its knees, could not withstand the contractionary shock if similar speculative forces were to drive oil rapidly towards $100 a
barrel.
The price of oil, at around $70 a barrel, may be half of what it was a year ago, but up from around $40 earlier this year.
With oil reaching $100 dollars per barrel, and energy-hungry giants like the United States and China beating a path to Nigeria’s door, Africa’s leading oil producer wants to use petrodollars to cure the country’s economic ills and flex its muscles in the international arena.
After the oil glut, with oil below $20 a barrel, interest in developing energy from biomass ebbed, attractive only to “green” militants and those interested in fundamental science.
The drop from $120 per
barrel
in 2014 to under $35 today is the result of a 2% change (roughly two million barrels a day) in the supply-demand balance.
A
barrel
of oil might still cost $90, but a 10% increase in the renminbi-dollar exchange rate reduces the renminbi price by 10%.
Investing in, say, solar power may have seemed worthwhile when oil cost $100 per barrel, but it looked a lot less appealing when the price dropped below $50.
But it is respect for Russia's culture that matters most to them, and such does not come at the
barrel
of a gun.
Adjusted for inflation, oil prices would have to reach $80 per
barrel
(or $3.12 per gallon of gasoline) to reach the real level recorded in March 1981.
According to the US government, if there are no supply disruptions, and the American economy grows at an annual rate of 3%, the price of a
barrel
of oil will decline to $25 (in 2003 dollars) in 2010 and then rise to $30 in 2025.
Indeed, if the oil price remains in the current range of $30-35 per
barrel
(this year’s budget assumes an average of $50), Russia’s deficit will be around 6% of GDP.
Igor Sechin, the CEO of Rosneft, has declared that he would prefer delaying privatization until the oil price returns to $100 per
barrel.
The 70% drop in the price of a
barrel
of crude represents a colossal transfer of $3 trillion in annual income from oil producers to oil consumers.
The UK would have to accept EU product standards and regulations lock, stock and barrel, with no say in their design – and would be in a far weaker position when negotiating market-access agreements with non-EU partners like China.
The Limits of Oil’s ReboundLONDON – For the first time since last October, the price of a
barrel
of oil has broken through $50.
A European Opening for the Arab WorldBERLIN – The people of Tunisia and Egypt have shown that democracy in Arab countries need not come at the
barrel
of a Western gun.
Time for a Carbon TaxWASHINGTON, DC – Over the last few decades, oil prices have fluctuated widely – ranging from $10 to $140 a
barrel
– posing a challenge to producers and consumers alike.
Against this background, today’s very low prices – below $35 a
barrel
at times since the beginning of this year – create a golden opportunity (which one of the authors has been recommending for over a year) to implement a variable carbon tax.
But energy exports finance about 30% of a government budget that is based on forecasts that oil remains at $61 per
barrel.
Oil’s New NormalLAGUNA BEACH – Oil prices have been heading south again, with a
barrel
of US crude recently falling below $42 – the lowest level since March 2009, the nadir of the global financial crisis.
This allowed him to spend in 2012 as if the price of oil were $197 per
barrel.
While there, I caught the tail end of a discussion among senior oil executives who all agreed that at this time next year, crude oil will still be around $60 per barrel, as it is today.
While oil prices could be around $60 per
barrel
in November 2018, my guess is that they will have risen to around $80 per
barrel
in the meantime.
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