Sentences with phrase «crude oil prices plunge»

Even Malaysia's national energy company, apparently, is pausing to heed the market signals as crude oil prices plunge.

The 2015 budget deficit had to be revised to 3.2 percent of GDP from 3 percent after crude oil prices plunged, but that's down from a high of 6.7 percent in 2009 during the Global Financial Crisis, Maybank noted.

Not exact matches

After all, crude oil and commodities prices are still so low that plunging resource revenues forced Ottawa to defer its target date for balancing the budget.

While summer is meant to be the season where oil prices hit their annual highs, the price of crude oil has plunged recently.

As crude prices began to plunge last year, many energy experts predicted a repeat of 1986 when U.S. oil companies lost their funding and the industry collapsed into a yearslong bust.

Chevron Corp, the second - largest U.S. - based oil producer, slashed its 2016 capital budget by 25 percent and said it would lay off roughly 10 percent of its workforce, one of the most - drastic reactions to date to the plunge in crude prices CLc1.

Battered by the plunging price of crude, the market is now bracing for what experts predict will be a flood of Iranian oil after the United States and the European Union lifted economic sanctions against Iran.

It's not mere coincidence that the dollar's rising value accompanies crude oil's plunging price.

Plunging global crude oil prices crimped 2015 earnings for China's trio of oil companies, according to their annual reports.

Although not an OPEC member, Russia, once the world's largest producer of crude, is being squeezed by plunging oil prices on the left, international sanctions on the right.

Angola's crude exports fall to lowest since at least 2008 OPEC disruptions could send prices above $ 80 a barrel: BofAML While plunging output in Venezuela captures the oil world's attention, Continue Reading

What: Just when investors thought it was safe to go back into the waters of the oil market, building inventories of refined product and crude sent oil prices plunging today and taking exploration and production stocks with them.

* Market expects U.S. to re-impose sanctions against Iran * Plunging Venezuelan output further tightens markets * But soaring U.S. crude production holds back marketBy Henning GloysteinSINGAPORE, April 26 (Reuters)- Oil prices rose on Thursday, lifted by concerns over supply disruptions in Venezuela and theMiddle East as well as by strong demand.Brent crude oil futures were at 74.44 per barrel at0105 GMT, up 44 cents, or 0.6 percent, from their last close.UOil prices rose on Thursday, lifted by concerns over supply disruptions in Venezuela and theMiddle East as well as by strong demand.Brent crude oil futures were at 74.44 per barrel at0105 GMT, up 44 cents, or 0.6 percent, from their last close.Uoil futures were at 74.44 per barrel at0105 GMT, up 44 cents, or 0.6 percent, from their last close.U.S.

After years of declining output, major oil companies have ramped up crude production this year, just as they are being battered by a plunge in prices due to already excessive supplies.

The plunge in crude prices all but killed profits at China's top energy producer and its largest oil refiner.

Crude oil prices may be plunging, but gas prices here in the Great Gouged North are still as pricey as ever.

Front - month West Texas Intermediate crude oil futures were priced at over $ 100 per barrel in June 2014 and had plunged to less than $ 35 per barrel by March 2016.

Rents for apartments in the area have plunged after a slide in crude oil prices.