Sentences with phrase «by lower oil prices»

More industries are growing, and those regions hit by lower oil prices are coming back to life.

«We expect the stagnation trend to continue and potentially accelerate next year, exacerbated by lower oil prices, tighter monetary policy and continued uncertainty on the geopolitical front,» noted Barclays economist Eldar Vakhitov in a recent report.

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

In November the BDC announced it would offer $ 500 million in additional financing to support smaller companies hurt by low oil prices.

Western Australia's only onshore oil producer has suspended production after being hit by the low oil price and the high cost of trucking its output to Wyndham rather than the much closer port at Broome.

It says the economy, hit hard by low oil prices, will benefit from the growth of an entertainment industry.

The Saudi economy has been severely damaged by low oil prices, and policymakers are trying to diversify into new industries.

They will find it difficult to handle any future crises caused by low oil prices.

The Russian economy has been hit by low oil prices and western sanctions and is set to contract 0.6 percent this year, according to data from the International Monetary Fund.

(Reuters)- Chevron Corp (CVX.N) is slashing 10 percent of its workforce and sharply paring back its budget, with Chief Executive Officer John Watson giving a downbeat view on Friday of an industry beleaguered by low oil prices.

Alberta is one of the prairie oil - rich provinces which have been drastically impacted by low oil prices as sentiment fell to 58.6, the lowest since June 2013.

'' The expenditure is drawing barbs from the opposition, but the government defends the television and Internet campaign for the budget, which sees Alberta facing a projected $ 10.4 - billion deficit amid economic turmoil caused by low oil prices.

Analysts and investors in Moscow said the sanctions could consign Russia to years of low growth, frustrating government efforts to stimulate a rebound from a two - year downturn brought on by low oil prices and Western sanctions over Moscow's role in the Ukraine crisis.

Both companies managed to make a profit during the third quarter, bolstered by refining operations and chemical divisions that are helped by low oil prices.

Buhari said that the implementation of the 2016 Budget was hampered by the low oil prices in the first quarter of 2016, and disruptions in crude oil production which led to significant shortfalls in projected revenue.

Walker said he would emphasize that pipeline with Obama, as well as the state's need to extract natural gas resources and address financial challenges caused by low oil prices.

With the government's coffers squeezed by low oil prices, RosCosmos has had to slash its budget for the 10 - year plan to 1.4 trillion rubles ($ 20.5 billion), down from the 3.4 trillion rubles the agency asked for a year ago.

Russian luxury consumers travel much less these days, which is not surprising given that the rouble has lost 30 percent of its value against the euro in the past three years, hammered by low oil prices and bruising economic sanctions imposed over Russia's involvement in Ukraine and annexation of Crimea.

Alberta and other resource dependent provinces continue to be battered by low oil prices, while Toronto and Vancouver dominate sales and price headlines.

The headline CPI has been held down by low oil prices; as this reverses due to the OPEC supply reduction agreement, headline inflation will climb above the core rate.

So far, the only signs of debt stress in the country can be seen in provinces where the economy has been hurt by low oil prices.

Today's topic is the debt and equity of companies producing energy, or providing services to them, all of which get hurt by a lower oil price.

It's not just renewables that are potentially threatened by low oil prices, however.

Fifty - two oil companies have already filed for bankruptcy this year, and over one - third of the world's biggest oil and gas companies could end up bankrupt in 2016 under stress from crushing debt loads (over US$ 150 billion) and lacklustre cash flows depressed by low oil prices, according to a recent study by Deloitte.

«Drillers fear that federal protections for more threatened and endangered animals could drive up their costs at a time when the industry is already battered by low oil prices, growing competition from renewable energy, and increasing attention from investors and regulators over the climate - altering impacts of fossil fuels,» DeSmog's Sharon Kelly wrote.

Fifty - two have filed for bankruptcy since 2015, and over a third of the world's biggest oil and gas companies have crushing debt loads (over $ 150 billion) and cash flows depressed by low oil prices, according to the Deloitte Center for Energy Solutions and a recent study by As You Sow.

Despite the challenges brought by the low oil price, the country continues to prioritize diversification and capacity growth — in human resources, education and training, local enterprises and financing — as pillars of its policy.

Damage caused by low oil prices has certainly been felt in the state's Northern market, but even that market has shown resilience, with second - quarter 2016 vacancy rates at 4.8 percent and 114,000 sq. ft. of positive absorption in the first half of the year.

Not exact matches

The OPEC member that needs the «lowest» price of oil to balance this year's expenditure is Iran, at $ 52 a barrel, according to data by RBC Capital Markets.

Our energy sector has been hurt partly by low natural gas prices and the discount placed on Canadian oil compared to world benchmarks, but gas and oil prices have generally been flat or on the rise.

Costs back then were still low by today's standards, but the integrated mining operations were seeing operating costs of $ 12 - 18 / bbl and new projects needed $ U.S. oil prices of $ 20 - $ 30 to generate reasonable rates of return.

The world's largest publicly - traded oil and gas company by market value has ridden out a collapse in crude prices better than most, its vertically - integrated model allowing downstream businesses to capture the value that upstream operations lose when oil prices are low.

Fuelled by a low peso and cheap labour costs, Mexico's booming manufacturing industry has already overtaken Canada's in terms of the dollar value of exports to the U.S. Indeed, Canada is contending with more than just low oil prices.

Russia's stock market dipped on Monday morning, dragged lower by the prospect of fresh U.S. sanctions and lower oil prices.

When national budgets of various oil - producing countries are determined by crude prices, then a lower price forces capital to be repatriated back to the country of origin (and we haven't even mentioned Russia, which is flooding the crude market for budgetary reasons).

«While asset monetizations enhance our liquidity, sales of producing natural gas and oil properties adversely affect the amount of cash flow we generate and reduce the amount and value of collateral available to secure our obligations, both of which are exacerbated by low natural gas prices..

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.

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.

By the early fall Goldberg noticed that the cash prices being paid for physical oil were significantly lower than even the suddenly weakening futures prices.

If you're talking about a new project with no significant investment already deployed, building a new mine if you expect today's prices to hold in the long term is a tough call — a 50 - year oil sands project is a lot of risk for less than a 10 % rate of return — but even there, you can see the impact of the lower Canadian dollar and the hedge provided by a royalty regime which lowers rates when prices are low.

Samuels said that while the state has among the largest budget reserves of any state, at a projected $ 10.4 billion by the middle of next year, continued low oil prices mean legislators will face some tough decisions when they return to Austin in January.

Even with oil prices still down by half from the peak, improvements in well development productivity have enabled US producers to make money at much lower oil prices.

There was a simple answer to the economic question: Keystone is the fastest and easiest way to bring Alberta's oil to market, which will in turn lower the price of oil by about a dollar per barrel for every American — regardless of where the stuff is ultimately sold.

The bank acknowledged that the Russian economy, which has been affected by international sanctions and lower oil prices, is recovering at a «heterogeneous» pace.

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.

Of Tokyo's 33 subsectors, 20 were in the red, with oil and coal products leading the decliners after an overnight slide by crude prices to two - week lows.

Earlier, it lowered its 2014 capital budget by $ 1 billion and delayed projects because of the falling oil prices.

«We believe the bias for stock prices in general remains to the upside, underpinned by a growing economy, low interest rates and increasingly, cheaper oil... With operating margins at elevated levels, top line growth is poised to more quickly bleed through to the bottom line, thus supporting earnings.»

If you're talking about a new project with no significant investment already deployed, building a new mine if you expect today's prices to hold in the long term is a tough call — a 50 year oil sands project is a lot of risk for less than a 10 per cent rate of return — but even there, you can see the impact of the lower Canadian dollar and the hedge provided by a royalty regime which lowers rates when prices are low.

Changes in power costs due to falling oil prices, meanwhile, can vary considerably by market and region, and, in many markets, gasoline prices are so inflated by taxation that the impact of lower oil prices for consumers is considerably dampened.