Sentences with phrase «oil prices crashed in»

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

The last time oil prices crashed in 2008, then Finance Minister Ron Liepert pledged to do the same.

Less than a year ago major shale firms were saying they needed oil above $ 60 a barrel to produce more; now some say they will settle for far less in deciding whether to crank up output after the worst oil price crash in a generation.

Canada's oil patch booked three consecutive years of hefty losses after the oil price crash in 2014.

During this oil price crash in what's clearly an oil state, we've seen the following three indicators change:

Not exact matches

Since then, she's dealt with the crash in oil prices, and the current Alberta government's plan to phase out coal - fired power.

For that, Canada could thank the sharp resurgence in oil prices that followed the 2008 crash as well as the boom in residential home construction.

In 2015, Gene lost his job when the price of oil crashed, and was out of work for nine months.

US oil exploration companies have flocked to the superrich Permian Basin in recent years and used shale - drilling technology to create an oil boom that simultaneously helped trigger a price crash two years ago.

And then oil prices crashed, forcing Poloz to drop his already low benchmark interest rate another half point in 2015 to avoid another deep recession.

Plus, the oil price crash and subsequent recession in Alberta drove customers to discount competitors.

In effect, all the U.S. needs to do is either wait for this crash in oil prices, or nudge the Saudis into creating the crash with overproductioIn effect, all the U.S. needs to do is either wait for this crash in oil prices, or nudge the Saudis into creating the crash with overproductioin oil prices, or nudge the Saudis into creating the crash with overproduction.

They included 1987 (biggest one - day stock market crash in history); 1990 (Iraq and then the United States invaded Kuwait, sending oil prices up and causing a recession); 2001 and 2002 (the dot - com crash and September 11 created two years of market losses); and 2008 (the Great Recession).

This eye - catching graph pops out of a report published by Boston Consulting Group on January 21: it illustrates how the current oil price crash, while not (yet) the deepest in recent memory, is the longest - lasting — and counting.

Williams's real estate development company in Baton Rouge had been «body - slammed,» he says, when an oil - and gas - price crash rocked the Louisiana economy.

In order to understand the impact of the oil price crash on oil sands, you need to look at the implications for each of these categories.

In preparation for testimony before the House of Commons finance committee in Ottawa on March 10, I pulled together some thoughts on three aspects of the impact of the oil - price crash on oil sands projects and policies, and I thought I'd share them with you here over this and the next couple of postIn preparation for testimony before the House of Commons finance committee in Ottawa on March 10, I pulled together some thoughts on three aspects of the impact of the oil - price crash on oil sands projects and policies, and I thought I'd share them with you here over this and the next couple of postin Ottawa on March 10, I pulled together some thoughts on three aspects of the impact of the oil - price crash on oil sands projects and policies, and I thought I'd share them with you here over this and the next couple of posts.

The most precipitous real estate crashes in Canada in the past 30 years — Calgary during the 1980s oil bust and Toronto in the early 1990s recession — resulted in losses of 25 % to 28 % in the average price of a house.

Foreign exchange has been an area of some concern for Saudi in recent months as the crash in the price of oil forced the country to expend its FX reserves to levels not seen in over three years, and draining the country's economy.

GDP grew by 0.55 percent in the second quarter of the year, which, although a meager growth rate, was welcomed because it signaled Nigeria's exit from the recession that it plunged into due to the oil price crash.

Brent crude oil prices in the first three months of this year averaged around $ 67 a barrel, leaving last year's $ 54.5 behind as a distant echo of the price crash of late 2014.

Armed with such results, Shell and Total are in payback mood to investors, buying back shares after diluting stakes with scrip dividends - consisting of shares rather than cash - introduced after the price crash which sent oil prices as low as $ 28 a barrel.

Ben Luckock is in fact so bullish that he forecast demand could exceed supply of crude oil by 2 - 4 million bpd by the end of 2019 because of the US$ 1 - trillion in spending plans that never saw the light of day as a result of the 2014 price crash.

Shares of energy companies are set to book their steepest monthly drop in August since the end of 2015, when the oil price crash was in full swing.

After chopping spending by almost one - third to cope with a crash in oil prices and billions in writedowns that sent profits to the weakest since last decade, China's energy giants Continue Reading

On top of that, Saudi Crown Prince Mohammed bin Salman told Reuters that Riyadh and Moscow were considering greatly extending a short - term alliance on oil curbs that began in January 2017 after a crash in crude prices, with a partnership to manage supplies potentially growing to a 10 - to -20-year agreement.

The economic impact of the oil price crash is plainly seen across the counties in and around the Eagle Ford.

One small group thinks that lower for longer could end soon because U.S. shale can't keep a lid on prices forever and can't catch up with expected robust demand — all the more so that investments in conventional supply around the world have slumped since the oil prices started crashing.

Today, Russia is similarly hemorrhaging capital as a result of international sanctions and crashing oil prices, prompted by both the American shale oil boom and OPEC's inaction in stabilizing the commodity at last month's meeting.

The crash in prices meant that shale drillers moved on to greener pastures, and most of them began looking for oil rather than gas because crude fetched $ 70 to $ 80 per barrel.

There was also a fair amount of bad news baked into the price of stocks at the beginning of 2016 that never materialized (a U.S. recession, Chinese yuan devaluation and crash in oil prices, for instance).

The crash in oil prices has hobbled the state and soured the business environment, which might have otherwise attracted more companies from other industries, Behravesh said.

However, the fact that the average quantity of frack sand used per well has more than doubled in recent years — which has helped lower the breakeven price of U.S. shale oil — should help insulate the industry from the worst of the oil crash.

However, with oil prices now at six year lows investor fears and uncertainty have sent share prices crashing by as much as 64 % in the last six months.

Short - to - medium - term cash flow stabilized by attractive and profitable contracts While demand for frack sand is likely to decline due to the crashing price of oil, there is cause for optimism that the decline in demand might not be as severe as the overall decline in new oil drilling.

The last time this happened the unwinding of the large long position in 2014 sent oil prices crashing from $ 107 per barrel to a low of $ 26 per barrel.

Natural - gas prices have crashed, the price of oil the companies also transport has declined and the outlook for growth in the pipeline industry has dimmed.

I do believe that third quarter 2014 the global economy experience a cyclical drop in oil demand that triggered the price crash.

Russia is doing quite well from its oil and natural resources (except for the recent oil price crash) and has no interest in using the wealth to annex and prop up former soviet states in eastern Europe (although they do want their port in Crimea).

In the light of the crash in global crude oil price, which is Nigeria's main foreign exchange earner, the devastating actions of aggrieved militants on oil and gas infrastructure in the oil - rich Niger Delta which has resulted in lock - in or leakages of crude oil, sometimes in excess of one million barrels that could have been exported daily, and the consequential rapid decline in the well - being of the masses, the urgency to fix the Nigerian economy by changing tactics from sole reliance on oil, becomes more poignant and urgent, hence the need for international experts to aid diversification efforts of the governmenIn the light of the crash in global crude oil price, which is Nigeria's main foreign exchange earner, the devastating actions of aggrieved militants on oil and gas infrastructure in the oil - rich Niger Delta which has resulted in lock - in or leakages of crude oil, sometimes in excess of one million barrels that could have been exported daily, and the consequential rapid decline in the well - being of the masses, the urgency to fix the Nigerian economy by changing tactics from sole reliance on oil, becomes more poignant and urgent, hence the need for international experts to aid diversification efforts of the governmenin global crude oil price, which is Nigeria's main foreign exchange earner, the devastating actions of aggrieved militants on oil and gas infrastructure in the oil - rich Niger Delta which has resulted in lock - in or leakages of crude oil, sometimes in excess of one million barrels that could have been exported daily, and the consequential rapid decline in the well - being of the masses, the urgency to fix the Nigerian economy by changing tactics from sole reliance on oil, becomes more poignant and urgent, hence the need for international experts to aid diversification efforts of the governmenin the oil - rich Niger Delta which has resulted in lock - in or leakages of crude oil, sometimes in excess of one million barrels that could have been exported daily, and the consequential rapid decline in the well - being of the masses, the urgency to fix the Nigerian economy by changing tactics from sole reliance on oil, becomes more poignant and urgent, hence the need for international experts to aid diversification efforts of the governmenin lock - in or leakages of crude oil, sometimes in excess of one million barrels that could have been exported daily, and the consequential rapid decline in the well - being of the masses, the urgency to fix the Nigerian economy by changing tactics from sole reliance on oil, becomes more poignant and urgent, hence the need for international experts to aid diversification efforts of the governmenin or leakages of crude oil, sometimes in excess of one million barrels that could have been exported daily, and the consequential rapid decline in the well - being of the masses, the urgency to fix the Nigerian economy by changing tactics from sole reliance on oil, becomes more poignant and urgent, hence the need for international experts to aid diversification efforts of the governmenin excess of one million barrels that could have been exported daily, and the consequential rapid decline in the well - being of the masses, the urgency to fix the Nigerian economy by changing tactics from sole reliance on oil, becomes more poignant and urgent, hence the need for international experts to aid diversification efforts of the governmenin the well - being of the masses, the urgency to fix the Nigerian economy by changing tactics from sole reliance on oil, becomes more poignant and urgent, hence the need for international experts to aid diversification efforts of the government.

In the area of economy, this is a government that came when oil prices crashed, but as a result of various economic measures taken by this government, we are out of recession.

* Foreign Reserves have peaked at $ 40b, the highest level in about four years, and up from $ 24 billion just a year ago, even though when we came in, the price of oil had crashed woefully.

She said the Nigerian economy, including the banking sector, was facing various kinds of risks as a result of the challenges of high inflation, naira depreciation, oil price crash and decline in manufacturing output.

Ngige argued that this country entered recession a long time ago before the Buhari government came on board but nobody noticed it because of the huge foreign reserves accumulated by former President Olusegun Obasanjo, which has now shrunk to $ 21billion as a result of the crash in oil prices.

There are striking parallels between Buhari's first stint in power as military dictator and his current democratic presidency - oil prices have crashed; appointments have favoured the North; important political allies have been displaced; governance is focused almost exclusively on a war against corruption; concerns over rule of law and human rights are re-surfacing; and economic policy is floundering!

The Governor, who was represented as the Special Guest at the forum by the Commissioner for Economic Planning & Budget, Mr. Akinyemi Ashade, expressed confidence in the regime of President Buhari to combat the fiscal failures of the past administration, which, he said, was responsible for the economy downturn we are experiencing following the crash in the price of crude oil — our major source of revenue.

Once the global oil glut approached and oil prices crashed, it was clear trouble was in the horizon, but our leaders (not just the NPN leaders at the federal level, but opposition governors in the states too!)

While environmental advocacy organizations have taken credit for prompting these changes at some of the world's top banks, the shift coincides with crashing commodity prices in oil, coal and natural gas markets worldwide.

The crash in oil prices has hit Alberta hard and the number of EI recipients shot up by a whopping 72 % since the crash in oil prices began.

We did well when oil prices crashed since many ETFs just lump refiners in with the general oil sector.