Sentences with phrase «as lower oil prices»

Moreover, a new environmental review is needed to account for the dramatic changes in the outlook for the tar sands industry, as lower oil prices and a global movement to address climate change has led Exxon to write down billions of barrels of tar sands reserves and companies like Statoil and Total to pull out of the tar sands entirely.

Central bankers may have finally added enough stimulus into the monetary system, just as lower oil prices and less fiscal restraint are helping to raise growth, and subsequently, inflation expectations.

Still, pockets of weakness remain as lower oil prices continue to hinder investment in the energy industry and a firm dollar restrains global sales.

TORONTO — The chief economists of some of Canada's biggest banks say the country is headed for a rocky year as low oil prices continue to drag on economic performance.

In its business outlook survey last week, the Bank of Canada observed a divide in business confidence across the country as low oil prices weigh on the outlook for some regions more than others.

Now is the time to cut fossil fuel subsidies and implement a carbon tax, it argues, as the low oil price reduces the policies» effect on consumers.

Biofuels producers continue to argue that they are an essential part of the solution, even as the low oil price puts an end to several cutting - edge projects, the European Commission prepares to publish a new report about indirect land - use change (ILUC) and some stakeholders urge a... [Read more...]

The bond sale, expected to be completed in late March, comes as low oil prices in the Middle East prompt countries across the region to seek to diversify their economies.

Not exact matches

The bank cited the prospect of slower economic growth in Canada brought about by lower oil prices as one reason for moderating the rate.

Nigeria's nationwide oil - worker strike ended over the weekend, and oil prices fell as low as $ 67.55 per barrel on Monday.

April 30 - Whiting Petroleum Corp reported first - quarter profit on Monday compared with a year - ago loss as the U.S. oil producer benefited from higher oil prices and lower costs.

April 30 (Reuters)- Whiting Petroleum Corp reported first - quarter profit on Monday compared with a year - ago loss as the U.S. oil producer benefited from higher oil prices and lower costs.

In 2014 he argued lower oil prices are unambiguously good — versus the Fed's and most economists» view that there are winners and losers to lower oil prices as the U.S. has become a bigger producer.

The long era of too much oil sloshing around the world and low prices is coming to an end, just as global events are heating up crude prices.

The Eurozone's economy slipped in the third quarter as the slowdown in China and other emerging markets more than offset the benefit to consumers from low oil prices.

NEW YORK, April 13 - Oil prices extended recent gains and a gauge of global stocks eased on Friday as concern over a broader conflict in Syria left investors nervous, while U.S. bank shares led Wall Street lower.

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.

For the past two years, energy stocks have looked quite dirty, as the price of oil sank to a latter - day low of US$ 27 a barrel in February.

Last year, funds that bet on an oil - price recovery were hit as crude in June fell to $ 42.05, the low for the year.

«Particularly with oil prices hitting lows at some point in the first quarter... lots of sub investment - grade firms could be under a lot of stress, and for those with stronger balance sheets, those companies could take this as an opportunity to buy and acquire assets,» Deshpande said in a phone interview.

As the oil sector becomes increasingly focused on margins, Parex benefits from the low costs in that country, without the market access problems that impose a discount on crude prices in Western Canada.

Tamar Essner, Nasdaq energy director, provides insight to efficient oil production in the Permian Basin, and whether there is likely to be a lower trading range for oil as Saudi Arabia loses its grip on prices.

This impact would not be as immediate but something owners should consider if oil prices remain low for a prolonged period of time.

U.S. airline stocks hit a 13 - year high this week as they gained momentum from lower oil prices and increased travel spending by Americans in an improving economy.

HOUSTON, Feb 5 - Oil prices settled lower on Monday as rising U.S. output, a weaker physical market and recent dollar strength added to the pressure from a widespread decline across equities and commodities markets.

In Indonesia, which ended gasoline subsidies in 2015 and lowered the diesel subsidy to 500 rupiah (3.6 U.S. cents) per litre in 2016, retail prices also haven't risen by as much as the price of crude oil.

U.S. stocks are heading lower this morning as oil prices climb on OPEC developments.

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 fresh lows in crude over the weekend as concerns resurface that oversupply will continue to pressure oil prices.

CNBC's Jackie DeAngelis reports oil prices are moving higher as natural gas trades at the low end of the range.

«Areas such as Austin, Dallas and San Antonio, who have very different economies, have mitigated the impact of low oil prices.»

Crude oil prices hit new lows earlier on Friday, as everything continues to indicate that oil producers are pumping relentlessly.

Even as oil producers could struggle with lower crude prices, increased production investment is already paying off for US Silica and National Oilwell Varco.

Canada's economy is sluggish as a result of low oil prices, and hopes are high that exporters can step up, expand and juice growth.

We may be enjoying amazingly low prices at the gas pump, but as oil prices continuing to slide we must also remember the catastrophic events that have followed almost every drastic oil price slump in the past.

All the while, the industry thrived financially under a combination of high oil prices, low natural gas prices (a major input cost), recession - induced relief from cost inflation and a reduced cost of capital as majors and foreign national oil companies gobbled up wobbly juniors.

LONDON, May 3 - Oil prices slid lower on Thursday as swelling U.S. crude inventories and record weekly U.S. production offset concerns over OPEC supply cuts and the potential for new U.S. sanctions against Iran.

Also, low oil prices are helping boost truck sales in the U.S., and as trucks have large engines, more palladium is required to reduce the emissions they generate.

Although U.S. crude oil inventories are at «historically high levels» for this time of year, according to the Energy Information Adminstration's Weekly Petroleum Status report, Molchanov predicts inventories will trend lower by the middle of the year as prices recover.

General Electric's deal with Baker Hughes to create the world's No. 2 oilfield services business is the clearest signal yet that consolidation is picking up in the energy sector as companies face long - term lower oil prices.

As they expire, small and medium sized shale companies will be more exposed to lower oil prices.

Oil prices collapsed on Thursday to their lowest since late November as investor worries about the world's stubbornly persistent glut of crude erased most of the gains that followed last year's OPEC's output cut.

With the oil industry reeling from low prices and Southwestern Ontario a key battleground in the next election, it should come as no surprise to find an emphasis on manufacturing in the budget.

And cheaper gas at the pumps, courtesy of lower oil prices, will come as a form of fiscal stimulus for consumers in both the U.S. and Canada, leaving more money in their pockets to spend on other things.

As I've written many times before, the American fracking industry is largely responsible for keeping global oil prices low, which has been a huge windfall to the world economy.

The sale would come as the offshore sector continues to struggle with low oil prices, and oil exploration and production companies focus investments on lower cost shale fields onshore, particularly the Permian Basin in West Texas.

Over the coming year, lower energy costs (and other comodity costs) will benefit consumers and as oil prices rise, 80 % of U.S. oil production will move to breakeven then substantial profit.

If lower oil prices are as bad for Canada's economy as rate - cutting Bank of Canada Governor Stephen Poloz insists, the central bank might consider assessing the risks to the economy in a world where constraining carbon emissions becomes less of an abstract notion and more of a daily reality.

Following the initial shock of oil - supply risk, U.S. Treasury bond and related «flight - to - safety» investments tend to lower oil price trends as the U.S. dollar appreciates.

The 2014 - 2015 oil price collapse may be understood then as a supply surplus that occurred at a time of a strengthening U.S. economy (low economic uncertainty) and relatively low geopolitical risk (Figure 15).