Sentences with phrase «caused by oil prices»

Unfortunately, none of these actions are significant enough to overcome the major challenges caused by oil prices, which remain down over 50 % from early 2014 and hover near a 6 - year low.

Not exact matches

The comments reflect those made by Saudi Oil Minister Khalid Al - Falih who this month said that oil prices could rise to $ 75 without causing economic damaOil Minister Khalid Al - Falih who this month said that oil prices could rise to $ 75 without causing economic damaoil prices could rise to $ 75 without causing economic damage.

The recession of 1973 - 1975 in the U.S. came about because of rocketing gas prices caused by OPEC's raising oil prices as well as embargoing oil exports to the U.S..

In response to a question about whether a rate cut amounted to pouring gasoline on the overheated housing market, Poloz said «We admit that these conditions are likely to cause financial imbalances,» in some cases, but that the Bank's primary goal is to ameliorate the «financial shock» to the economy caused by the drop in oil prices.

Despite the rampant shutdowns of wells caused by the falling oil price of late, there are still more job openings than job seekers in this field, according to Job Bank Canada.

OPEC wants to keep oil prices relatively higher than they have been in recent years, having lost $ 76 billion in 2016 due to cheap oil caused by rising American and Iranian oil production, according to a report by the US Energy Information Administration (EIA).

It also gradually phased out subsidies that kept retail fuel cheap, causing prices at the pump to climb by an average of nearly 25 % since 2014, even though global oil prices fell by as much as 75 % during that period.

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

For oil prices, the phase change was caused mostly by the growth of a new source of supply from unconventional, expensive oil.

A poll conducted by Associated Press - GfK in late March — when oil prices had already risen 26 per cent since the start of the year to US$ 108 a barrel — revealed that two - thirds of Americans expected rising gasoline prices to cause hardship for them or their families in the coming months.

The real bubble was caused by the fact that the Alberta government's forecast for light oil was far above what the markets were predicting at the time based on the 3 year NYMEX strip used by Sproule Associates to forecast future oil prices.

The lower relative pricing for Canadian crude is partly caused by pipeline capacity constraints as oil production rises in Canada

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.

«Jobs» and «diversification» were key buzzwords used by NDP cabinet ministers this spring as they face an increase in unemployment and decrease in industry investment caused by the decline of the international price of oil.

The Wildrose is attempting to tie the new government to economic conditions caused by the decline of the international price of oil, but the Alberta NDP was elected on a moderate progressive platform and have moved swiftly to implement it.

'' 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.

Capital Markets Fixed Income Saudi Arabia has issued its first sovereign bonds since 2007 to help fund a widening budget deficit caused by continued spending amid low oil prices.

Government and industry enthusiasm for tidewater pipeline access arose from a large premium that existed between international and North American oil prices between 2011 and 2014 due to a pipeline bottleneck in the US caused by a rapid increase in US oil production.

Short - to - medium - term cash flow stabilized by attractive and profitable contracts While demand for frack sand is likely to decline due to the crashing price of oil, there is cause for optimism that the decline in demand might not be as severe as the overall decline in new oil drilling.

The party failed to kill off the urban myth that Labour overspending caused the crisis, and gave credibility to Conservative claims about the economy by signing up to austerity - lite; Miliband's personal ratings were never within spitting distance of Cameron's; falling oil prices finally increased real wages; and the SNP «threat» was mercilessly deployed to scare off English voters.

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.

(Growth was interrupted in 2008 to 2010 by the recession, the causes of which were unrelated to oil prices.)

«Projects in Venezuela, Mexico and Argentina all slowed significantly during the first quarter, while those in Venezuela are under threat for the rest of the year due to the difficult economic conditions within the country caused by the fall in oil prices» commented Philip Maddocks, Market Analyst, Futuresource Consulting.

AU is also moving aggressively into solar energy, part of a trend in the technology industry caused by a global rise in electricity use and high oil prices.

Phase 4: Stagflation phase: GDP growth slows but inflation remains high (side note: most bear markets are preceded by a 100 % + increase in the price of oil which drives inflation up and causes central banks to tighten).

Global and international equity market indices (in local currency) moved higher in the 4th quarter despite increasing equity market volatility caused in part by the continued rapid decline in oil prices.

Rising global oil prices are causing a great deal of tension however, as the Bank worries about the compensation received by Canadian producers.

The Canadian market recovered since the lows caused partly by the oil prices but it is still experiencing downward pressures.

The low levels of these two indicators are mostly caused by technology, oil and food price deflation (at least in the US, UK, and Europe) outweighing other inflation.

Recent high oil prices were primarily caused by the cut - off of Libyan Continue reading The Price of Gasoline →

(15) such an open fuel standard would help to protect the United States economy from high and volatile oil prices and from the threats caused by global instability, terrorism, and natural disaster.

By the time the president made the decision, oil prices were so low that the «unlikely» low oil price scenario in the State Department Environmental Impact Statement (EIS)-- where oil prices fell below $ 75 a barrel — had actually come to be and thus there was no shying away from the fact that the pipeline would cause the equivalent of over 6 million passengers cars worth of carbon pollution every year for at least 50 years.

The 1980s was a period in which the oil and gas industry was battered by extremely low oil prices, causing mass layoffs and an economic tailspin.

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People will argue oil price spikes are being caused by political unrest, not the underlying reality of peak oil.

(12) the establishment of such a vehicle fleet and distribution system would provide a large market that would mobilize private resources to substantially advance the technology and expand the production of alcohol fuels in the United States and abroad; (13) the United States has an urgent national security interest to develop alcohol fuels technology, production, and distribution systems as rapidly as possible; (14) new cars sold in the United States that are equipped with an internal combustion engine should allow for fuel competition by being flexible fuel vehicles, and new diesel cars should be capable of operating on biodiesel; and (15) such an open fuel standard would help to protect the United States economy from high and volatile oil prices and from the threats caused by global instability, terrorism, and natural disaster.

As I noted over at MNN recently, the loss of revenues caused by lower prices has meant that oil producers are trying to cut consumption at home by reducing subsidies and / or investing more heavily in alternatives.

The general counsel of Delta Airlines, Ben Hirst, and the experts at Goldman Sachs also said excessive speculation is causing oil prices to spike by up to 40 %.

The measures come at a time when Oklahoma has been contemplating criminal justice reform (spurred, in part, by a budget crunch caused by falling oil prices).

Headwinds caused by Brexit may now further dent business confidence already hit by the continued oil price slump and on - going concerns over the slowing economy in China.

Economic problems in Venezuela, which began due to the fall of oil prices and the socialist economy put in place by former President Hugo Chavez, have caused protests to emerge all over the country.

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.

Last year proved to be a challenging year globally: the slowdown suffered by the China economy, falling of oil prices and the expectation of raising rates by the FED caused pressure on world markets.