Sentences with phrase «as oil slumped»

Not exact matches

Exxon's profits have improved over the last year as the oil market continues to recover from a prolonged price slump.

Commodity hedge funds have dwindled in recent years as oil prices slumped, leaving only a handful of larger players, including Hall, who ran the Astenbeck Capital Management fund until deciding to close it following losses this year.

A number of funds bet heavily on an oil rally early in the year, boosting long futures positions to a record in late February, before oil went into a prolonged slump as global supply remained elevated despite cuts from OPEC.

The March increase was the largest year - over-year move since it hit 2.4 per cent in October 2014, just as the oil - price slump was getting underway.

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.

Both Abu Dhabi and Dubai are encouraging the development of theme parks to help boost foreign tourist arrivals as oil prices slump, causing an economic slowdown in the region.

Some analysts, however, said there was a risk that prices could slump as too many oil traders were betting on renewed sanctions.

As the headquarters city of choice for the energy industry, Calgary has been hit hard by the slumping price of oil.

The primary beneficiaries of the Trans Mountain pipeline are Houston's Kinder Morgan, Alberta's slumping oil sector, controlled by foreign multinationals such as Exxon and Shell, and export markets in Asia, primarily China.

This slump will probably lead to lower demand for Saudi oil, as U.S. production and refining capacity return to normal.

All of that money is being translated into a sharp rise in drilling even as oil prices slump.

The Aramco investment comes as a relief for Petronas which has cut expenditures in the past year as oil prices have slumped from over $ 100 a barrel in 2014.

The deal will boost Aramco's downstream business ahead of a planned initial public offering next year and also bolsters Malaysia's state - controlled Petroliam Nasional Bhd - known as Petronas - after it cut spending because of the slump in oil prices.

Dow slumps as IBM's stock logs worst day in 5 years; energy sector buoys broader market Energy shares rally on surging oil pricesThe Dow industrials end lower on Wednesday as IBM's shares get walloped; however, gains in shares of energy - related firms help the broader market post modest gains.

Even as the energy companies look to savor the recent recovery in oil prices after a protracted slump, the U.S. presidential election is seen as posing the next big threat.

However, the Canadian Energy Research Institute has indicated that oil production in Canada is likely to scale up by about 600,000 barrels per day in 2017 and by another 200,000 next year, as a number of projects that were being developed prior to the oil - price slump are nearing completion.

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

Now a consensus is emerging that the Bank's next move will be to cut rates even further, as slumping oil drags down the economy.

Slumping oil prices have caused Conoco — and most if not all of its peers — a lot of pain as it costs oil drillers more to produce a barrel of oil than they can sell it for.

Over the first six weeks of the year, the Dow Jones Industrial Average declined 10 %, as the prospect of interest rate hikes by the Federal Reserve, a slump in oil prices, and concerns about economic conditions in Europe and China caused the long - running bull market to stumble.

Petroliam Nasional Bhd., Malaysia's state oil company, announced management changes and plans to cut workers as it seeks to trim operating costs to cope with the worst price slump in a generation.

Petroliam Nasional Bhd., Malaysia's state oil company, announced management changes and plans to cut workers as it seeks to trim operating costs to cope with the worst price slump in Continue Reading

Oil — tapping $ 42 as price slumps to multi-week low.

Chevron Corp. said it's cutting about 10 percent of its workforce and scaled back its long - term production target amid the worst oil - market slump since the 1980s even as the company posted third - quarter profit that surpassed analysts» expectations.

The oil sector is slipping into the red after years of fat profits as the steep slump in oil prices shows little sign of ending, with this quarter shaping up to be the worst since the downturn started.

Abu Dhabi's investment arm is reportedly considering a sale of all or part of chipmaker Globalfoundries Inc. as the emirate explores asset disposals amid a slump in crude oil.

This serves as a companion to my recent commentary on slumping oil prices.

He identified the slump in the international oil market price and oil theft in the Niger Delta as main reasons for projecting more revenues to fund the budget from the non-oil sector.

Oil majors are facing hard times, too, with BP set to axe 4,000 jobs as the total of shelved oil investments breaches $ 400bn since the price slump began in late 20Oil majors are facing hard times, too, with BP set to axe 4,000 jobs as the total of shelved oil investments breaches $ 400bn since the price slump began in late 20oil investments breaches $ 400bn since the price slump began in late 2014.

And as has been the case for the past few weeks, the Loonie just ignored oil prices, which slumped rather hard this week.

As time passed, it became clear that the oil slump was more than just a temporary downturn — it was also an eye - opener for those who had relied on Big Polluters for so long.

Wild swings are bad for the U.S. economy because it has become a major oil producer, but this production requires enormous effort (I think the current economic slump is caused in part by the huge slow down in economic activity in oil producing states as well as those supplying services and materials to the industry).

Tar sands projects are already threatened by a slump in oil prices, as well as pending global action to address climate change.

However, independent oil trading companies, such as Singapore based Trafigura, saw the even brighter side of 2015's oil slump.

Markets that were expected to fully recover from the downturn have experienced issues with their class - A stock, such as the drop in oil prices in Houston and the slump in demand in the Washington, D.C. region.

After a dip in transactions in 2015 and 2016 as oil prices slumped, the fund regained its appetite for deals late last year, investing in Turkey's biggest poultry producer, Rosneft, and U.K. gas company National Grid Plc, all within a couple of months.