With oil prices declining in the past couple of months, and the notion that demand could decline due to global recession, it seems like peak oil has left the public radar screen (if it ever really was there).
Not exact matches
NEW YORK, April 30 -
Oil prices rose on Monday after Israel Prime Minister Benjamin Netanyahu said Iran had lied about pursuing nuclear weapons after signing a 2015 deal
with global powers, while U.S. stocks fell
with declines in healthcare shares.
«The bottom line is they're committed to holding back supply from the market, which combined
with the continued
decline of PDVSA in Venezuela is going to make for higher
oil prices,» said Kilduff.
For one thing, the concerns over the
decline in crude
oil prices may be overdone, it said, adding that the economy is still resilient and Malaysia is likely to maintain a trade surplus as demand for imports is also softening along
with exports.
Malaysia's shares and currency have been hit
with a toxic brew of
declines in the
prices of its commodity exports, especially palm
oil and crude
oil, as well as what may be the country's worst - ever political scandal, which has spurred protests calling for the removal of the prime minister from power.
With oil trading below $ 50 a barrel, economists are scrambling to determine the fallout of
declining energy
prices on the U.S. and global economies.
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.
Oil prices continued their months - long
decline Monday,
with the
price of crude briefly falling below $ 50 per barrel for the first time in more than five years earlier in the session on account of global oversupply.
Indeed, as the
oil price declined further in late 2014, MRC's shares fell
with it.
«Cost management has been an ongoing focus,
with successful efforts to reduce both capital and operating costs well underway before the
decline in
oil prices.
Energy - related activity has stopped
declining and is transitioning to a new level that companies tell us is commensurate
with the current
oil price environment.
Given how important
oil has been to the Canadian economy in recent years it shouldn't come as a huge shock that the loonie is heavily correlated
with the
decline in the
price of
oil.
By keeping
prices below the marginal cost of unconventional production (about $ 75 per barrel), OPEC hopes that expensive
oil production will
decline along
with the fortunes of the companies engaged in these plays.
The ruling socialists, once held together by late leader Hugo Chavez, have succumbed to infighting under Maduro, a former bus driver and union leader who lacks Chavez» charisma and has seen his budget slashed
with the
decline in global
oil prices.
Even
with a weaker currency and a partial reversal in recent
oil price declines, these issues will moderate any increase in long - term interest rates in Canada.
With the
oil majors all trading at fair and undervalued
prices due to the
decline in
oil prices I was able to both increase the yield of my portfolio while also getting great companies at a fair
price.
It is now pretty obvious that the delay in the budget to April 21 had nothing to do
with uncertainty resulting from the dramatic
decline on
oil prices.
What we are seeing now is that energy - related activity has stopped
declining and is transitioning to a new level that is commensurate
with the current level of
oil prices.
With the recent
decline in
oil prices it has left Canada's economy slightly shaken leaving many investors very anxious.
Alberta's
oil sands growth has slowed
with the
decline in the
price of
oil and there was stiff environmental opposition in the French - speaking province of Quebec.
With crude - oil exports rising year - over-year, the value of the exports did not rise proportionally, with Canada's crude - oil export bill declining about 11 percent to $ 50 billion in 2016 compared to $ 55.8 billion the previous year, as lower crude prices and a weaker dollar cramped the export value of cr
With crude -
oil exports rising year - over-year, the value of the exports did not rise proportionally,
with Canada's crude - oil export bill declining about 11 percent to $ 50 billion in 2016 compared to $ 55.8 billion the previous year, as lower crude prices and a weaker dollar cramped the export value of cr
with Canada's crude -
oil export bill
declining about 11 percent to $ 50 billion in 2016 compared to $ 55.8 billion the previous year, as lower crude
prices and a weaker dollar cramped the export value of crude.
With the
price of
oil declining to the mid - $ 70 range and next year's budget being prepared, Jonathan Teghtmeyer has shared 9 ways that Alberta could better manage our resources.
The
oil price decline, coupled
with Russia's conflict
with Ukraine which has led to Western sanctions on Russia, has hit the economy as well as investor confidence in the country.
Energy companies, which have had to contend
with falling
oil prices, delivered more than 7 % EPS growth on a 3.5 %
decline in revenues.
Fast forward 6 months and the global energy market is in a state of flux
with oil prices having
declined approximately 50 % due to robust and unexpected supply growth.
The difference, however, is that while foreign companies mostly sold
oil assets, they mainly purchased natural gas assets as an adjustment strategy to cope
with the anticipated
decline in
oil prices and even the global
oil industry.
I hope the world takes this chance to recove and invests in renewbale energies because after this drop the
decline rate of existing fields will take
oil prices back to +100 $ / barrel after being conpensated by full production in the middle east and new offshore production combined
with unconventionnal production.
NEW YORK (Reuters)-
Oil prices rose on Monday after Israel Prime Minister Benjamin Netanyahu said Iran had lied about pursuing nuclear weapons after signing a 2015 deal
with global powers, while U.S. stocks fell
with declines in healthcare shares.
NEW YORK
Oil prices rose on Monday after Israel Prime Minister Benjamin Netanyahu said Iran had lied about pursuing nuclear weapons after signing a 2015 deal
with global powers, while U.S. stocks fell
with declines in healthcare shares.
With the province's economy growing but unemployment rates remaining unchanged, he faces the challenge of proving the government's job creation plan is working as the provincial economy recovers from the sharp
decline of international
oil prices.
But
with all indicators in this analysis ending in 2014 or earlier, it is important to note that this ranking does not take into account the impact of the steep
decline in
oil and gas
prices.
A big question mark is pending on how long the US shale production will remain profitable
with declining oil prices.
But a big question mark is pending on how long the US shale production will remain profitable
with declining oil prices.
However
with declining oil prices I can see huge budget deficits in countries like Emirates, Qatar etc..
Do you see that happening to Nigeria, especially
with the
declining oil price?
Due to the volatility of
prices and production, coupled
with the terminal
decline in output to begin by 2025, the Bank was of the view that managing anticipated surge in
oil revenue will be challenging and so advised moderation in government's forecasting of revenues from the sector.
With the loonie's recent slide,
oil prices at their lowest in 12 years and China's stock market volatility sending reverberations to our own, the news of Canada's economic
decline is hard to ignore.
As we mentioned in our last quarterly update,
with declining oil prices driving
oil shares lower, it is easy to lose sight of the longer term fundamental case for
oil and gas.
This, combined
with the
decline in the
oil price, monetary easing and credit conditions easing, should impact earnings positively and is beginning to be reflected in the numbers.
The loonie's
decline in value is just one aspect of our nation's global economic footprint which includes our ongoing struggle
with lower
oil prices.
With the
decline of the Brent crude
oil price over the past year, one of the most common questions I have been receiving is how to play this development.
Global Economic Pessimism Unwarranted Excessive pessimism characterizes the current view on the global growth outlook,
with some of this sentiment due to a mistaken interpretation of the reasons behind the recent sharp
decline in
oil prices.
The
oil price's stunning
decline of the past four years from above US$ 100 per barrel to below US$ 50 has wreaked havoc across the
oil industry globally, providing investors
with a prospective place to look for cheap stocks.
Since then, the shares of Civeo have
declined substantially; 3rd quarter operating results were disappointing resulting in a share
price drop of close to 50 %, then recent
oil price declines impacted the
price of all
oil service companies,
with CVEO shares dropping into the $ 7 - $ 9 range.
Couple this
with a lack of growth in global supply (despite all the headlines about huge new
oil finds — much of which simply serves to replace
declining production elsewhere), and you have a v supportive (& possibly explosive)
price environment for
oil & gas.
I also have a position in MFC Industrial, a company
with exposure to metals and
oil and gas (which, however, I will be selling shortly), a video game developer that is a net / net (Gravity Ltd.), a small position in RadioShack (made even smaller by the decline in share price over the past 2 years), and finally a short - term spinoff trade (Oil States Internationa
oil and gas (which, however, I will be selling shortly), a video game developer that is a net / net (Gravity Ltd.), a small position in RadioShack (made even smaller by the
decline in share
price over the past 2 years), and finally a short - term spinoff trade (
Oil States Internationa
Oil States International).
«
With the oil - price decline you could feel it in meetings,» he said of his exchanges with the government, including several discussions with Finance Minister Joe Oliver hims
With the
oil -
price decline you could feel it in meetings,» he said of his exchanges
with the government, including several discussions with Finance Minister Joe Oliver hims
with the government, including several discussions
with Finance Minister Joe Oliver hims
with Finance Minister Joe Oliver himself.
«We want to make sure we buy long lead - life, low
decline - rate assets at attractive valuations,
with good balance sheets, in order to survive the short - term and very intense volatility we're seeing in the
price of
oil,» McKinley said.
Now, the
decline in the
price of crude
oil, coupled
with huge production cut, is severely affecting the economic growth.
While no one can predict the future of
oil prices with certainty, there are explanations for the recent
price decline consistent
with an ongoing bull market.