Sentences with phrase «even lower oil prices»

Despite a low - value loonie and even lower oil prices, 2014 was the best year ever for new car and truck sales in this country and 2015 is shaping to be more of the same, with record new vehicle sales being driven mainly by trucks.

The bigger change in our projection comes from the impact of even lower oil prices on Canadian income.

Not exact matches

And even if that doesn't happen, current prices remain too low to encourage new investment in the oil sands.

A Royal Bank of Canada report released in early January even suggested that the benefit of a low dollar for exporters, coupled with an upswing in the U.S. economy and increased consumer spending in Canada, could offset the economic hit of low oil prices.

We have a different view on inflation, which we see below 2 percent even in 2018,» analysts at Bank of America Merrill Lynch said in a note on Wednesday, explaining that oil prices will keep headline inflation low.

That would give the company an even more dominant position in the pits north of Fort McMurray, which even some Calgary financiers consider a sunset industry in light of low oil prices and international pressure to reduce carbon dioxide emissions.

When national budgets of various oil - producing countries are determined by crude prices, then a lower price forces capital to be repatriated back to the country of origin (and we haven't even mentioned Russia, which is flooding the crude market for budgetary reasons).

Even as oil producers could struggle with lower crude prices, increased production investment is already paying off for US Silica and National Oilwell Varco.

By the early fall Goldberg noticed that the cash prices being paid for physical oil were significantly lower than even the suddenly weakening futures prices.

If you're talking about a new project with no significant investment already deployed, building a new mine if you expect today's prices to hold in the long term is a tough call — a 50 - year oil sands project is a lot of risk for less than a 10 % rate of return — but even there, you can see the impact of the lower Canadian dollar and the hedge provided by a royalty regime which lowers rates when prices are low.

Even with oil prices still down by half from the peak, improvements in well development productivity have enabled US producers to make money at much lower oil prices.

Their shares have been hammered this year on fears that low oil prices would sap demand for renewable energy, even though the business often relies on government incentives.

And innovative technology makes renewable energy cost - effective even in times of low oil prices.

If you're talking about a new project with no significant investment already deployed, building a new mine if you expect today's prices to hold in the long term is a tough call — a 50 year oil sands project is a lot of risk for less than a 10 per cent rate of return — but even there, you can see the impact of the lower Canadian dollar and the hedge provided by a royalty regime which lowers rates when prices are low.

The facts are not right here, energy is cheap that means the cost of manufacturing and transporting of goods is low, food and consumers staples already more affordable, so what if a few American oil companies going out of business.the cost of producing oil in middle east is less than $ 10 / bl and we were paying more than $ 140 / bl for it, with that huge profit margin the big oil companies and oil producing nations became richer and the rest of us left behind, with the oil price this low the oil giants don't want to reduce the price at pump even a penny, because they are so greedy.worst case scenario is some CEOs bonuses might drop from $ 20 million to $ 15 millions I am sure they will survive.in terms of the stock market it always bounces back, after all it's just a casino like game.

This redevelopment is anticipated to pull housing prices up, even if continued oil prices are low or stagnant.

Aside from the odd Tesla owner, most North American drivers wouldn't mind seeing OPEC pump as much oil as it can to drive prices even lower.

With OPEC maintaining the status quo, North America's high cost oil producers can either choose to cut output or face even lower prices.

The $ 330 - billion spending plan says while several economic indicators such as employment numbers and tax revenues are up, and this year's deficit will likely be lower than expected — there are risks ahead: oil prices are expected to remain low; Canadian exports may remain flat; and «possible U.S. policy actions affecting trade could restrain exports to the U.S. even further,» the budget says.

«$ 50 a barrel is still a pretty critical number and that number is going to be even more critical as we move into next year,» Tortoise Capital Advisors» Thummel told Bloomberg, noting that the lower oil prices could mean that companies would not hedge production as much as they would at higher prices to protect future output.

NEW YORK (AP)-- The latest on developments in global financial markets (all times local): 4:00 p.m. Technology and consumer stocks pulled the broader market slightly lower, even as energy stocks rallied along with the price of oil.

Until a balance is restored between supply and demand, though, Saudi Arabia is willing to endure the current low price of oil, even as its own budget, heavily reliant on energy revenues, faces a deficit of $ 98 billion, or 15 percent of gross domestic product, for fiscal 2016.

The recent drop in oil and other commodity prices has lowered investment plans even further.

The risks of oil prices falling even lower in 2016 and of an economic slowdown in the US are real and threatening.

Weaker purchasing power equals less overseas oil demand equals even lower prices.

But even if there is no discount, on any given day the listed price of Venezuelan heavy oil is even lower than Canadian heavy oil, so Canadian heavy oil would not currently be competitive in Shanghai.

Lower oil prices may lead to the deferment of final investment decisions for some LNG projects, and some LNG export projects in the United States are even at risk of cancelation.

However, due to the high costs of excavation, many of these methods are not financially sustainable at $ 30 - 35 per barrel oil prices, and may slow production or even shut down temporarily or permanently, because of low prices.

They tend to have low P / E ratios when the price of oil is unsustainably high, and high P / Es (or even lose money) when the price of oil is unsustainably low.

An executive at Russia's state - owned Gazprom Neft Wednesday said Russian oil firms are weathering low prices and will continue to increase output even if Saudi Arabia drives prices lower with increased production.

«Even at these lower prices, the US shale production will continue to increase because technologies and knowledge of shale prices are getting better month after month,» says Leonardo Maugeri, former top manager at Italian oil company ENI and now associate professor at the Harvard Kennedy School's Belfer Center for Science and International Affairs.

Low oil prices are taking a heavy toll on Saudi Arabia's economy, which is facing even greater austerity under deputy crown prince Mohammad bin Salman Al Saud's plans to raise $ 100 billion a year from subsidy cuts and new levies.

Indeed, at 24 per cent in 2012, it is considerably lower even than the ETR observed for the fifth North Sea hydrocarbons producer, the German Federal Land of Schleswig - Holstein, whose government has been increasing the statutory royalty rate in line with rising oil prices in recent years — from 12.5 per cent in 2003 to 21 per cent as of the time of writing — with the result that the ETR in the German sector of the North Sea in 2012 came to 33 per cent.

Even still, given Angola's overreliance on one single sector, these measures are proving insufficient in the current context of low oil prices.

When in 2015 oil prices went even as low as between 28 and 35 dollars a barrel and oil production fell to less than one million barrels a day we had no buffer, no savings, to tide us through.

Injecting carbon dioxide into old oil wells to drive out more oil is one application, but it's not enough, and it's not clear it even pays, given current low oil prices.

Yet, the push to redevelop the downtown core into a commercial and residential hot spot is anticipated to pull housing prices up, even if continued oil prices are low or stagnant.

Spring is the busiest selling season when it comes to real estate and the latest headlines show that even with the significantly lower price of oil, homes in Toronto and Vancouver are selling like hotcakes.

This redevelopment is anticipated to pull housing prices up, even if continued oil prices are low or stagnant.

We don't have cash at the moment, but later in the year if the oil price continues to be that low, we could potentially buy even more to average down even further.

If you opted for the «downside protection» option for an additional 25 cents per gallon, heating oil would need to rise above $ 2.65 / gal before you broke even; however, you would have the peace of mind of paying a lower delivery price if the price of oil were to drop significantly.

Even though demand is low and inventories are high, the price of oil (NYSE: USO) remains at an elevated level above where it should be, based on supply and demand factors from the market.

Discover why investing in Canadian stocks makes sense and which Canadian companies to invest in even with oil prices at multi-year lows.

2) Low oil prices mean difficult - to - decarbonize sectors of the economy — like long - haul trucking and aviation — get even more difficult to decarbonize on a relative basis, increasing the demand for indirect GHG abatement options (such as CDR).

And even though the state's residential home electricity consumption ranks among the lowest (due in part to those high prices and generally lower air conditioning needs in summer and the use of gas and oil for heating loads in the winter rather than electricity), the average monthly electric bill in 2016 was just over $ 142 per month, third highest in the nation.

Biofuels producers continue to argue that they are an essential part of the solution, even as the low oil price puts an end to several cutting - edge projects, the European Commission prepares to publish a new report about indirect land - use change (ILUC) and some stakeholders urge a... [Read more...]

Crude oil prices have fallen even further on world markets, with the price of a barrel of crude hitting its lowest point in six years on Tuesday.

If these actions lowered prices sufficiently one could even conceive of making the US the new Saudi Arabia of oil, natural gas, and coal.

This past fall, even the oil giant Shell questioned whether the low price of carbon could undermine the EU's climate goals.

Even fundamentals such as the range of commodity prices are important, with many companies not considering a range of oil prices which covered the sustained lower levels seen since 2014 in the years preceding.