Sentences with phrase «as oil collapsed»

Yet between 2014 and early 2016, as oil collapsed, growth slowed sharply.

Not exact matches

When the carrier's 2015 volumes fell because of external forces, such as collapsing oil prices, Reckmeyer saw an opportunity.

The Bank of Canada said nothing in public about the possible merits of deficit spending as it twice cut its benchmark interest rate last year to offset the collapse of oil prices.

As crude prices began to plunge last year, many energy experts predicted a repeat of 1986 when U.S. oil companies lost their funding and the industry collapsed into a yearslong bust.

«I'm really concerned that we're going to have a real collapse in Venezuela in oil production over the course of the next year,» which would in turn affect the government's ability to pay its debt, Rodriguez — who was head of the Venezuelan Congressional Budget Office from 2000 to 2004 — said at the AS / COA event.

Before branching out on his own, he was one of legendary investor Julian Robertson's first so - called tiger cubs, responsible for some big market calls during the 1990s such as the collapse of oil prices after start of the Persian Gulf War and the plunge in the British pound.

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.

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).

Even the Bank of Canada says the Canadian economy can no longer grow as fast as it used to because of the collapse in oil prices.

And while Canada - wide median incomes were up by an inflation - adjusted 3.5 per cent over that time, the performance was heavily influenced by oil - rich provinces such as Alberta and Saskatchewan — a trend that's since hit a wall, thanks to the collapse of global oil prices.

Although the collapse in investment was as acute in Canada as it was in other advanced economies, Canadian business investment bounced back relatively quickly, as the oil and gas sector benefited from a sizable rebound in commodity prices (Chart 1).

The Canadian economy continues to work its way back from the post-crisis global recession and the associated collapse in our exports while, at the same time, is adjusting to lower prices for oil and other commodities as well as a much lower exchange rate.

Oil producers posted cumulative losses of $ 32 billion over the course of the last three years as oil prices collapOil producers posted cumulative losses of $ 32 billion over the course of the last three years as oil prices collapoil prices collapsed

Flowserve also returned to the portfolio as its share price slumped during the oil price collapse.

OPEC on Wednesday raised its forecast for non-member oil supply this year to almost double the growth predicted four months ago as higher prices spur U.S. shale drilling, offsetting OPEC - led output cuts and a collapse Continue Reading

The timing is opportune for the sector, as it slowly emerges from the oil - price collapse.

In contrast, oil producers posted cumulative losses of $ 32 billion over the course of the last three years as revenues declined sharply following the global collapse in oil prices.

U.S. shale oil producers have responded to the oil price collapse so quickly, and with such discipline, that they've shown they are able to turn production on and off as if with a light switch.

Little more than two years since it was brought to its knees by the oil price collapse, Santos has emerged as an unlikely sought - after prize to form the basis for a new global LNG powerhouse.

As we assess the energy sector outlook, we first recognize that global oil demand in 2015 was the highest in five years, 2 suggesting that the recent price collapse is mostly a supply issue.

The American economy will strain to support elderly dependents comprising a third of its population, but the Iranian economy will collapse — particularly given the projection, common among economists, that, by about 2020, Iran will be a net importer, rather than exporter, of oil, as its reserves dry up.

To fulfill his pledges to the IOC, Putin has, as Nowak says, enlisted Russia's oligarchs, the opportunists who became billionaires during the collapse of the Soviet Union by taking over vast amounts of oil, gas and metals, reportedly gaining control of some 40 % of the country's GDP.

«A doomer is one who believes that problems of ecological overshoot, such as over population, climate change, pollution and especially peak oil, will cause the collapse of industrial civilization, and, a significant human population die - off.

President John Mahama has lauded workers of the Tema Oil Refinery for what he described as their «stellar performance» that has led to the revival of the company from collapse.

The Treasury Single Account, the collapse of the oil market, and the humbling of the naira have in the past year meant that there isn't much for people to steal, but current stealing has never been the issue for this government, as it does not admit of corruption within its ranks.

No one is blaming her for the collapse of oil prices in the international market but that after a cumulative 8 years as finance minister, public finance is so heavily dependent on oil that the Federal and state governments can not pay their workers» salaries says a lot about the quality of management she did.

However, three or four years later the stock collapsed completely, probably as a result of the delayed damage caused by very low levels of oil pollution.

Signature DOA Finishing Moves: Power blows and the new power launcher cause even more mayhem, such as interactively triggering the Danger Zone of a stage, including crashing cars, collapsing glaciers, and an exploding oil rig — distract your opponent or drive them into danger.

In 2000, Oil City Elementary School faced collapsing enrollment, a high - risk student population, and a reputation as the place for kids who were not smart enough to attend the nearby academic magnet.

The MSCI World Index is up 14 percent from its mid-February lows, as stocks have shaken off fears of a global recession, an oil - price collapse and a Chinese currency devaluation.

Beginning with the «profit recession,» it has become fashionable to describe the deterioration as a function of the price collapse in oil and gas.

On the flip - side, since October, Ryanair Holdings (RYA: ID) & Aer Lingus Group (AERL: ID) have surged as collapsing oil prices & sentiment really started to sink in with investors.

As the oil price has collapsed, the airlines won't be applying the usual increases in «fuel levy» at the same rate, so flight costs should remain constant.

The display ends with Hamed Ewais's Le Guardien de la vie (1967 - 8), a large - scale oil painting that depicts a fighter, weapon in hand, while underneath him everyday events such as a wedding taking place and a child riding a bike are shown, suggesting the possibility of societal renewal following the collapse of the Pan-Arab ideal after the Six - Day War in 1967.

Time collapses as past, present and future are represented in oil paintings that obey a non-linear chronology; they stand simultaneously as a visualising of the past, and as a perception of the present from an imagined future, where the natural and man - made retain a more balanced co-existence.

In his work, time collapses as past, present and future are represented in oil paintings that obey a non-linear chronology; often they stand simultaneously as a visualising of the past and as a perception of the present from an imagined future, where the natural and man - made retain a more balanced co-existence.

And Mr. Obama's broader call for an energy revolution also could require him to overcome what he called America's «shock and trance» cycle as oil prices spike and collapse.

The collapse of oil prices could take some pressure off, as well.

As economic collapse draws ever nearer we will see massive releases due to military attacks on oil fields and infrastructure.

Events like these rise from natural and technological systems and even from humanity itself; for example, a tsunami half a planet large, a broken nuclear power plant or collapsed oil platform, or a terrorist attack such as the one that happened on 9/11.

My opinion is that, putting global warming and climate change aside, we have much greater evidence of the difficult future caused by land degradation, shrinking drinkable water supplies, collapsing fish stocks, and the troubles that will be caused to the economy and society as supply of oil and gas supplies shrink and energy becomes too expensive.

The collapsing oil price to a new low of $ 45 a barrel, its lowest for six years, presents major opportunities for the green economy and the climate movement as a whole, but challenges too.

For something that the wind industry keeps telling us is as rare as hen's teeth, the unshackling of 10 tonne blades (euphemistically called «component liberation»), the total collapse of 200 - 300 tonne turbines and the spontaneous combustion of turbine generators (and the 1,000 litres of highly toxic gear and hydraulic oil that slosh around inside the -LSB-...]

A clue to the author's motivation comes on the first page of the article, where he writes, «The switch of world powers first to decreasing the use of fossil fuel and then to carbon - free energy within the framework of the Kyoto Protocol may lead to economic collapse for Russia as a consequence of the reduction and, probably, even loss of the possibility to sell oil and natural gas on the world market.»

The Bank of England has also recognised that a collapse in the value of oil, gas and coal assets as nations tackle global warming is a potential systemic risk to the economy, with London being particularly at risk owing to its huge listings of coal.

But in the real world where we face multiple uncertain catastrophes: nuclear war, asteroid strikes, pandemics, earthquakes, peak oil, economic collapse, etc., as well as climate change, how do we respond?

Without a solution to Peak Oil and Global Climate Change our society as we know could well collapse and lead to the deaths of billions due to starvation and disease.

Oil and gas started collapsing around the same time that US environmental programs started to kick in such as Superfund and RCRA.

Willkie Farr & Gallagher, Simmons & Simmons, Pinsent Masons and Locke Lord have taken roles on civil and criminal claims stemming from the collapse of FTSE 250 oil company Afren, as the UK's Serious Fraud Office (SFO) announces charges against two of its executives.

Fifty - two per cent of Alberta respondents said their business dropped and as a result of the oil price collapse, many were forced to make unexpected cuts to staff.