Sentences with phrase «drop in oil prices»

Plus, the recent drop in oil prices has led to supply and demand responses that are helping to keep oil markets from melting down.

The energy sector was certainly hard hit by the sharp drop in oil prices.

With the dramatic drop in oil prices, the contingency reserve is long gone already.

So why the big drop in oil prices only last year?

The impact of the large drop in oil prices has driven a recession not quite like others we have seen.

The acute drop in oil prices was a key contributor to economic growth for some and decline for others.

The first in 2014 was an abrupt drop in oil prices, exceeding all expectations.

Oil production began declining in 2005, and the recent drops in oil prices have left the Mexican government scrambling to fill a budget shortfall.

In addition, the sharp drop in oil prices has hurt energy - related investment and jobs.

Seadrill was forced to seek bankruptcy court protection from creditors after a sharp drop in oil prices in 2014 cut oil firms» appetite for exploration, pushing rates for rigs down and leaving many idle.

Though Statistics Canada's figures show how robust the industry had been through 2014, the precipitous drop in oil prices near the end of last has changed the picture drastically for 2015: The Canadian Association of Oilwell Drilling Contractors recently sharply revised down its job projections, but in the longer term this is still a key part of Canada's economy and the pendulum will swing back.

The global drop in oil prices, while terrible for Wall Street upon first blush, has yielded a decrease in gasoline prices that may act as a massive tax cut for those who have reaped very few benefits from the economic recovery.

Even in big cities with diverse economies, the 45 percent drop in oil prices during the past eight months is sapping demand for real estate.

But the steep drop in oil prices has curtailed the industry's growth, and oil production has flattened out.

He, however, called on people of the state to make sacrifices, saying nobody should be blamed for the sharp drop in oil price which has brought untold hardship on the state.

And that disappointing bit, plus the very hard drop in oil prices at the time, prevented the Loonie from jumping even higher.

The 50 per cent drop in oil price over the past year is none other than a very intentional effort to take off the table very expensive fossil - fuel exploration and projects that will not be viable with lower prices.

LONDON — As OPEC watches a near 15 per cent drop in the oil price in three weeks, important indicators in the physical crude market are flashing signals that the decline might be far from over.

The Australian share market has closed 1.6 per cent lower, as a sharp drop in oil prices pulled back energy stocks, and resources stocks weakened.

The decline in copper prices and even sharper drop in oil prices led the Phoenix - based firm to take big losses in the final quarter of 2014.

Also 1998 came on the heals of a historic drop in oil prices.

He can't be happy to see the recent drop in oil prices already has more U.S. drivers switching back to gas - guzzlers.

Ms Notley replied that the royalty review did not cause the international drop in oil prices (she's right, Alberta may think it's the centre of the oil universe, but it's not OPEC), and the commission would be a transparent forum to ensure Albertans get the best value for their natural resources.

A two percent drop in oil prices catalyzed investors to turn away from the ruble.

Cover Story The drastic drop in oil prices will clearly have an impact on both individual companies and on overall growth in some countries.

The Bank of Canada, which cut its key interest rate twice this year to cushion the economy from the major drop in oil prices, is scheduled to make a rate announcement Wednesday.

The significant drop in oil prices, a moderate growth in air cargo shipments, and stronger economic growth across the globe...

The first - of - its - kind proposal asked Chevron to increase dividend payments to shareholders instead of spending so much on unconventional oil, tar sands and other projects that could be rendered unprofitable by future climate policies or a related drop in oil prices.

Alberta Premier Jim Prentice sees public opinion warm up, experiences a potentially problematic drop in oil prices, and quietly skids an unpopular Redford - era labour law.

This could all be coming to an end, though: with the heavy drop in oil prices recently, the state is considering reinstating its income tax collection.

«When a healthy, growing, energy - driven market is hit with a sudden drop in oil prices, demand will slow,» CBRE said in its quarterly report.

A continued drop in oil prices, or even a tech bubble burst, could easily curb demand for housing in hot Texas markets, and take some of the air out of the sky high prices.

The far - reaching consequences of the recent drop in oil prices have been a testimony to just how central crude is in American life: With cheap gasoline bringing more drivers onto the road, traffic deaths were up nearly 10 percent in the first nine months of 2015.

And since the ranking draws on 2014 data, it doesn't account for last year's precipitous drop in oil prices, which may in future drag down compensation for energy sector bosses, who are well - represented on this list.

The global drop in oil prices, while terrible for Wall Street upon first blush, has yielded a commensurate decrease in gasoline prices that may act as a massive tax cut for the very people who have, so far, reaped very few benefits from the economic recovery.

The dramatic drop in oil prices to $ 40 - 60 in the past four years after a decade of $ 100 per barrel oil has lessened consumer concerns about gasoline prices and boosted SUVs and truck sales.

February 24, 2016 • U.S. consumers are enjoying extremely low gasoline prices, but the big drop in oil prices is causing hardship in nations that depend on oil production to fund their governments and social programs.

It contracted in the first quarter of the year at an annualized rate of 0.6 per cent — in large part due to the steep drop in oil prices and the failure of other sectors to pick up the slack.

A case in point is the sharp drop in oil prices over the past year, which should lead to a decline in airfares.

But the effects can still be significant: for a 300,000 barrel - per - day refinery that burns fuel oil for internal consumption, for example, a 50 percent drop in oil prices can translate into an annual cost benefit of $ 200 million.

This decision is in response to the recent sharp drop in oil prices, which will be negative for growth and underlying inflation in Canada.

However, there is considerable uncertainty about the speed with which this sequence will evolve and how it will be affected by the drop in oil prices.

The region in recent years has seen investor sentiment rattled by developments such as the drop in oil prices, the war in Syria and a sudden corruption purge from Riyadh.

«In that respect, we took comfort from the observation that the consequences of the drop in oil prices appear to be well understood, and that the possibility of a rate cut had begun to enter markets in the last couple of weeks.

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.

How much do airlines stand to gain from a drop in oil prices?

For TransCanada, the financial imperative to build Keystone may have fallen off recently amid a sharp drop in oil prices that could make extracting and transporting the product much less lucrative.

Suncor is Alberta's biggest company by assets, but a near 50 % drop in oil prices in 2015 hit the company hard.