Sentences with phrase «collapse in oil prices»

The recent collapse in oil prices has placed pressure on a range of asset classes related to energy.

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.

Bank of Canada governor was on the nose with earlier prediction of bleak Q1 results, driven by collapse in oil prices

Iran has the fourth largest proven oil reserves in the world, according to the US Energy Information Agency and any additional oil would add to the one million barrels a day of over-supply that has led to a more than 70 % collapse in oil prices since the middle of 2014.

And while the deal is set to be reviewed in May, multiple OPEC energy ministers have endorsed retaining a relationship that could help prevent another destabilizing collapse in oil prices — like the one that began in mid-2014.

The sharp collapse in oil prices, and the failure of other sectors to pick up the slack, helped push the economy into reverse over the first three months of the year, Statistics Canada said Friday.

This mind - bending report points to a prolonged period of rising oil production, particularly in the United States (for reasons laid out below), and a potential collapse in oil prices, with all kinds of implications for security, international politics, the economy and, without doubt, climate.

Meanwhile, in recent months, multiple energy ministers have endorsed retaining a relationship that could help prevent another destabilizing collapse in oil prices, like the one in 2015 and 2016.

She explained that payment of taxes had become imperative to avoid the recent collapse in oil prices and the resultant recession.

The Governing Council was talking about the shock from the collapse in oil prices.

He will also inherit a company that's struggling to regain ground amid a collapse in oil prices.

In recent years, investors have had to cope with plenty of uncertainty: three summers worth of the Greek default crises (2010, 2011, 2012); the US «fiscal cliff» in early 2013 and the government shutdown that October; the Ukraine - Russia conflicts; the collapse in oil prices; China's slowdown and currency devaluation; and now, Brexit.

Oklahoma has been a huge oil - producing state, and while drilling - heavy states have tended to do well in previous editions of our rankings, the collapse in oil prices and in active drilling rigs is starting to hurt.

To set the stage, Cramer took a look at two of the biggest beneficiaries to the collapse in oil prices — retail and restaurants.

The reason the S&P 500's recent performance looks so good is that earnings cratered for six quarters (stretching from that peak in late 2014 to early 2016), thanks to a collapse in oil prices that pushed earnings for energy giants deeply into the red.

Few people predicted the collapse in oil prices that started in the summer of 2014, or were able to time the sharp decline in economic growth in China that started a few months ago.

This scenario was part of our thinking at the beginning of last year, when Canada's economy was hit by the collapse in oil prices and we cut our policy interest rate.

Given the collapse in oil prices, and declines in some other key non-energy commodities, the economy is now operating on two distinct growth tracks: the resource track and the non-resource track.

The collapse in oil prices has turned a once - enviable budget surplus into a monster $ 5 - billion deficit.

Some big oil and gas companies have filed for bankruptcy protection this year in connection with the collapse in oil prices.

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.

On Wednesday of last week, Minister of finance Joe Oliver was still claiming, that despite the collapse in oil prices, the government would still record a surplus of $ 1.6 billion, the same number he recorded in the fall update, based on an oil price of $ 81 a barrel.

Simply, the BoC will let the data confirm its priors (of a «front - loaded» hit to the economy stemming from the collapse in oil prices) until it doesn't.

The collapse in oil prices since 2014 surprised both nations and hurt most oil exporters» economies.

This recession was driven by the collapse in oil prices and the extremely negative knock - on effects that had on the energy, materials and industrial complexes.

Inflation prospects have deteriorated further in the past three months, except this time the collapse in oil prices is not the only factor to blame.

«Following the collapse in oil prices and the ruble and the subsequent recession, households and firms have struggled to repay these loans,» said Jackson.

In most cases I'm assuming they're falling mainly based on the collapse in oil prices.

The venture has been repeatedly delayed over several years amid changing state regulations for coal seam gas and a lack of capital to move forward after the collapse in oil prices.

Since inception HYG's annualized performance has been within 4 basis points (bps) of its index after fees.1 Its tight tracking stretches over a volatile period that included the 2008 financial crisis, the U.S. Treasury downgrade, the European sovereign debt crisis, and the collapse in oil prices.

At that time, the bank decided to take a pre-emptive move to support the economy to deal with the economic effects of the collapse in oil prices, cutting its key rate a quarter point to 0.75 per cent.

The hikes took back the two rate cuts he introduced in 2015 to help cushion, and stimulate, the economy from the collapse in oil prices.

Already earlier this year the Bank of Canada lowered the overnight rate — which directly impacts variable mortgage rates — once in January and another in July, both times in an effort to stimulate the economy and offset some of the impact from a collapse in oil prices that began November 2014.

Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity is likely to grow by nearly 20 percent by 2020, which could prompt a plunge or even a collapse in oil prices, according to a new study by a researcher at the Harvard Kennedy School.

The collapse in the oil price to 12 - year lows and bankruptcies in the coal sector underscore the risk of «financial stranding» and signals that fossil fuel companies need to accept that they are ex-growth stocks and must urgently re-assess their business models accordingly.

The collapse in oil prices coincides with a historic push for a global pact to cut fossil fuel emissions to reduce the effects of climate change.

The worst hotel markets, like the Oklahoma area, have been hurt by the collapse in oil prices.

The local economy, while still shaking off the effects of the collapse in oil prices, is reflecting signs of a turnaround, according to a report by commercial real estate services firm Cushman & Wakefield, which represented BlackRock in the transaction with Hines.