Sentences with phrase «as oil prices drop»

That share is likely to fall as oil prices drop, analysts Energy Intelligence predict, particularly as biofuels rely on government support, which is waning in some parts of the world.

As oil prices drop, biofuels and transport electrification businesses become less economically attractive compared to using fossil fuels on an unsubsidized basis.

As oil prices drop, related industries such as drilling wells follow.

U.S. stocks experienced sharp drops in August 2015, when China devalued its currency; in January 2016, as oil prices dropped; in June of 2016, after the «Brexit» vote; and in the run — up to the 2016 U.S. presidential election.

Not exact matches

Notley achieved one of the most surprising electoral wins in Canadian history and one of the most profound for the progressive movement, but it came just as oil was reaching terminal price - drop velocity, shoaling the Alberta revenue tanker.

The region in recent years has seen investor sentiment rattled by developments such as the drop in oil prices, the war in Syria and a sudden corruption purge from Riyadh.

Oil prices rebounded on Monday morning after dropping as much as 3 percent in the previous session.

But as we know, oil prices and Canada's overall economy will have a strong impact on the city's growth in the future, and the possible effects of the oil price drop were not factored into our calculations.

Demand for oil is expected to drop in 2017, the International Energy Agency said in a report on Wednesday, raising further problems for producers as they try to ramp up prices.

He said everything from oil to metals to lean hog prices are dropping as weaker growth globally weighs on demand.

Programmed Maintenance Services has returned an annual net loss as a result of lower demand for marine services following the steep drop in oil and gas prices.

U.S. stocks have opened the first full week of 2015 with a steep decline, with the Dow Jones industrial average dropping 331 points, as falling oil prices weighed on the energy sector.

Those closures, affecting a major U.S. oil refining hotspot, are pushing up the prices of energy products like gasoline and heating oil as investors anticipate a drop in supply.

The global drop in oil prices, while terrible for Wall Street upon first blush, has yielded a decrease in gasoline prices that may act as a massive tax cut for those who have reaped very few benefits from the economic recovery.

The global drop in oil prices, while terrible for Wall Street upon first blush, has yielded a commensurate decrease in gasoline prices that may act as a massive tax cut for the very people who have, so far, reaped very few benefits from the economic recovery.

The Australian share market has closed 1.6 per cent lower, as a sharp drop in oil prices pulled back energy stocks, and resources stocks weakened.

CNBC's Jackie DeAngelis reports oil prices threatened to drop below the $ 50 level as U.S. production nears record levels.

Oil prices showed no sign of fading though, having added as much as 3 % on Wednesday after a third surprise weekly drop in U.S. crude stockpiles boosted the demand outlook in the world's largest oil consumOil prices showed no sign of fading though, having added as much as 3 % on Wednesday after a third surprise weekly drop in U.S. crude stockpiles boosted the demand outlook in the world's largest oil consumoil consumer.

Omar said Malaysia was suffering particularly because it was an emerging market at a time of capital outflows, it was a net exporter of oil and gas at a time of a significant drop in prices, and it was perceived to be badly affected by the Chinese slowdown as China was its largest trading partner.

The energy sector fell 1.1 percent on the back of a more than 1 percent drop in crude oil prices as the dollar remained near a four - month high.

And, like those pros, we watched our portfolios get beaten down, as oil and commodity prices dropped even further in 2015.

MILAN (AP)-- Italian gas and oil company Eni says first - quarter profits dropped slightly as production grew by 4 percent amid rising oil prices.

Early into this year, analysts and investors were way more optimistic about the oil price recovery, but as global inventories continued to stay high and OPEC lost its market charm with the cuts and compliance, prices started dropping again, and WTI has traded mostly below US$ 50 — and frequently below US$ 45 — since early March.

This drop is not expected to last, however, as increasingly low oil prices are paving the way for strong profits.

Crude oil prices are taking a step back on Monday as an increase in rig counts and a drop - in supply in Cushing, Okla., and a perceived drop in Geo - political risk premium are causing traders to take a step back.

The opportunity arose, I argued, because it seemed to me that the oil environment was finally, in fact, ready to improve — oil stockpiles were finally dropping below 5 - year averages and declining steadily, and rig counts were due to decline as well, after so many months of sub-profitable oil prices.

But now as a result of the sanctions and dropping oil prices, Russia faces a dismally flat 0.5 percent.

A greater problem appears to be a broader commodity correction that occurred at the same time as the drop in the price of oil.

The price of oil dropped more than 3 percent after the U.S. government said crude oil stockpiles grew more than expected last week, while gasoline stockpiles didn't shrink as much as investors hoped.

The drop in the international price of oil exposed a large cleavage in the government's finances as past governments became too comfortable and over reliant on these unstable resource revenues to fund the province's operations budget.

Crude oil prices have dropped more than 50 per cent since June to around US$ 50 per barrel, causing some analysts to predict doom and gloom for Canada's oil and gas industry and economy as a whole.

Oil prices crashed in 2014 as supply increased and demand dropped.

The Houston Chronicle's Collin Eaton, reporting from the energy hub of the world, found that oil companies and equipment supplies cut an estimated 440,000 jobs worldwide over the last three years as crude oil prices dropped.

As we saw starting in 2014, when the international price of oil dropped, the much - lauded Alberta Advantage of using unreliable resource revenues to subsidize short - sighted tax cuts quickly became the Alberta Disadvantage.

The oil price drop will act as a sizable tax cut for the global consumer, and this should begin to boost growth well into 2015.

Teekay Tankers was primarily negatively affected by the severe drop in crude oil prices sending tanker rates to the lowest levels in more than three years, as well as some temporary oil production outages in markets the company's tankers serve.

This largely reflects the large March 2003 CPI figure dropping out of the year - ended calculation, as well as the Bank's standard assumption that international oil prices will fall to the middle of the OPEC target band within about a year.

The lower - for - longer outlook for oil prices took its heaviest toll yet in the third quarter as oil companies again reported a dramatic drop in income.

When we chose oil as the subject of this month's cover story, we had no idea how fast and dramatic the drop in oil prices would be...

The second shock was the sudden drop in resource prices, particularly for oil, which represented a significant loss of income for the nation as a whole — something in the range of $ 50 billion to $ 60 billion per year.

Curiously, the hike in the price of kerosene came at a time when the price of crude oil had dropped to record low, with the price of petroleum products, such as kerosene, fuel and diesel, among others, dropping significantly in a number of countries, like the United States.

With the government removing fuel subsidies and oil marketers refusing to sell diesel at pump prices, the cost of doing business in Nigeria is expected to double over the next three months especially as oil hits a benchmark price of $ 38 per barrel with the International Monetary Fund (IMF) predicting a further drop to $ 20 per barrel by mid-year.

He lamented over what he regarded as era of extinction of crude oil in the world, saying the sharp drop in the global prices of crude oil was a signal to the fact that government at all levels need to shift face to agriculture.

They have shown understanding of the situation we are, even as we try to mitigate the consequences of the shortfall in revenue occasioned by a drop in the price of crude oil.

But with the price of oil dropping — by an average of 2 percent a year since the peak in 1980 — «that could push off the date for economic feasibility by as much as 25 years,» says Lynch.

March 20, 2015 • Low oil prices have led to a drop in drilling, but not as much as you might expect.

As high oil prices became a thing of the past, Holden decided to drop the 2.85 - six and 4.2 - litre V8, [55] while the 1.9 - litre four - cylinder was limited to New Zealand.

Damage was widespread across Toronto market sectors as investors try to gauge how a drop in oil prices of around 40 per cent since mid-summer will impact on the Canadian economy.

In the last three months, as oil prices have dropped, oil company stocks have taken a pummeling, losing a jaw - dropping $ 1.7 trillion in market capitalization, as evidenced in the table below, with companies broken down into different sub-businesses:

As shown in the chart on the left, global GDP is estimated to increase from.5 % to 1.4 % from a drop of $ 25 in oil prices.