Sentences with phrase «cope with an oil price»
Royal Dutch / Shell and BP on Tuesday joined peers in reporting higher than expected earnings by making further deep cuts in spending to cope with an oil price downturn now in its third year.
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The strategy illustrates how companies are coping with Western Canadian Select bitumen blend oil prices that have largely failed to keep up with higher prices for New York - traded West Texas Intermediate, leading to wider - than - usual differences between the two.
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.
Canada still is coping with «material excess capacity» because of the collapse of oil prices.
After chopping spending by almost one - third to cope with a crash in oil prices and billions in writedowns that sent profits to the weakest since last decade, China's energy giants Continue Reading
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
The difference, however, is that while foreign companies mostly sold oil assets, they mainly purchased natural gas assets as an adjustment strategy to cope with the anticipated decline in oil prices and even the global oil industry.
Mexico also continued to make responsible fiscal adjustments by cutting its budget to cope with the impact of lower oil prices.
DUBAI, United Arab Emirates (AP)-- Oil - producing Mideast countries are coping with low global oil pricesOil - producing Mideast countries are coping with low global oil pricesoil prices...
The 2010 Deepwater Horizon accident and spill in the Gulf of Mexico was a major setback for the offshore hydrocarbons industry; prospects for offshore oil and gas have also been shaken by the shale revolution and by lower prices, and must cope with longer - term uncertainties over demand.