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Total revenue of oil and gas companies is listed in billions of U.S. dollars. Total revenue is usually self-reported by the company, and often reported by neutral, unbiased, reliable publications. Reported data may be subsequently revised or restated due to a wide range of issues such as exchange rates, contract settlements, or mid-year ...
The NYSE Arca Oil Index, previously AMEX Oil Index, ticker symbol XOI, is a price-weighted index of the leading companies involved in the exploration, production, and development of petroleum. It measures the performance of the oil industry through changes in the sum of the prices of component stocks.
As their oil sands deposits have been increasingly exploited and sold on the international market, movements of the Canadian dollar have sometimes been correlated with the price of oil. In 2015, University of British Columbia Professor Werner Antweiler predicted that if the share of oil and gas exports increases further, the link between oil ...
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
In 2008, oil prices rose briefly, to as high as $145 per barrel, [25] and U.S. gasoline prices jumped from $1.37 to $2.37 per gallon in 2005, [26] causing a search for alternate sources, and by 2012, less than half the US oil consumption was imported.
The discount on US crude is partially attributed to the long-standing federal ban on exports of American crude oil. [18] European Union refiners have been hard-hit by the growth in US exports. They lost much of their previous gasoline exports to the US, and also market share in the worldwide market to the newly competitive US refineries.
The index is composed of the former PSE Mining Index and the PSE Oil Index. Both indices were merged in a reclassification of the PSE's indices on January 1, 2006. Both indices were merged in a reclassification of the PSE's indices on January 1, 2006.
A higher tax on oil production came in 1989, with further taxes on oil companies' profits in 1994. These measures, unfriendly to private investors, played a key role in reducing the rate of exploration. As a result, oil reserves, which increased 600 percent at their peak between 1978 and 1992, have been declining since then.