The current oil price decline story began elsewhere this summer.
Not exact matches
Investment bank Jefferies called
current prices unsustainable and said production
declines across most of the important non-OPEC producers is likely to set the stage for an
oil price recovery in the second half of this year.
Chief Financial Officer Brian Gilvary said the London - listed company might consider raise the dividend later this year if
oil prices remain near
current levels and debt
declines.
Energy - related activity has stopped
declining and is transitioning to a new level that companies tell us is commensurate with the
current oil price environment.
What we are seeing now is that energy - related activity has stopped
declining and is transitioning to a new level that is commensurate with the
current level of
oil prices.
3) Persisting external pressures in the form of low dollar liquidity and
declining net international reserves, despite higher
oil prices and a decreasing
current account deficit
Rather, I reached this conclusion: unless we are headed for a substantial
decline in the
price per barrel of
oil, those 4 - 6 % dividends from Conoco, BP, and Shell are a great way to generate substantial income over the course of coming business cycles based on
current prices.
Global Economic Pessimism Unwarranted Excessive pessimism characterizes the
current view on the global growth outlook, with some of this sentiment due to a mistaken interpretation of the reasons behind the recent sharp
decline in
oil prices.
However, some Redditors suggested that miners would wait for the
price growth to compensate for their losses even if they have to operate some time with a lesser profit or with no profit at all, similar to gas and
oil producers that do not shut down their operations because of the
current decline of
prices.