Sentences with phrase «falling oil revenues»

Not exact matches

In 2015, revenue for the 500 largest global corporations dropped 11.5 % to $ 27.6 trillion, owing to falling oil prices and in part by the surge in value of the U.S. dollar, which has stalled economic growth worldwide.

The price dive could put pressure on the federal government to the tune of $ 2.5 billion annually for the next four years, according to a fall economic update from Ottawa, and oil - producing provinces such as Alberta, Saskatchewan and Newfoundland are staring down revenue and royalty losses worth billions.

Furthermore, it is relatively easy to come up with plausible scenarios where oil prices stay flat or even fall, usually involving some combination of a slowdown in China's economy and state - owned enterprises increasing oil production to make up lost revenue through increased volumes.

Legislators in a handful of oil - rich states are struggling to do the seemingly impossible as the 2016 fiscal year draws to a close this week: balancing their budgets, as required by law, despite massive declines in revenues due to falling oil prices.

Since July, oil prices have fallen significantly, and with them the revenue earned or expected from oil sands projects, present and future.

Oil prices fell by another 24 % in the fourth quarter, as global supplies continued to outstrip demand, further eroding oil companies» upstream revenuOil prices fell by another 24 % in the fourth quarter, as global supplies continued to outstrip demand, further eroding oil companies» upstream revenuoil companies» upstream revenues.

A prolonged downturn in oil and natural gas markets continued to ripple through New Mexico's economy over the summer and into the fall, undermining state tax revenues.

In a January 2011 memo, though, the Internal Revenue Service found that oilsands crude falls outside the law's definition of oil.

And while some Canadian companies are finding success in clean solutions — Vancouver's Ballard Power is fresh off a record year for revenue — others, notably in Canada's oil patch, are at risk of falling behind.

While falling oil prices spurred discussion of a provincial sales tax to help plug the hole in the province's royalty revenues, Alberta needs to consider more consequential measures.

The falling price of oil is squeezing Malaysia's exports: the black stuff generated around 30 percent of the country's federal revenues two years ago.

This significant downward revision to growth in 2013 will have a major impact on government revenues, which will be only worsened by the fall in oil and gas prices over the last 12 months.

The price of oil — Russia's main export and revenue source — has fallen 46 percent in the past six months due to abundant supply — partly from U.S. shale oil — and low demand growth.

Energy companies, which have had to contend with falling oil prices, delivered more than 7 % EPS growth on a 3.5 % decline in revenues.

«While falling oil prices have hurt Alberta revenues, uncontrolled spending increases over the past decade have significantly weakened the province's financial position,» study co-author Steve Lafleur said in a news release.

Revenue fell 1.3 percent to $ 31.68 billion, weighed by a 16 percent slump in its segment supplying equipment and services to oil and gas customers, which has been hurt by weak crude prices.

Experts warn that the Canadian dollar will remain weak over the coming months, with oil prices going down and revenues falling.

General Electric on Friday delivered quarterly earnings that surpassed analysts» expectations, as its businesses producing jet engines and power turbines offset declines in its oil and gas segment, but revenue fell short of estimates.

Falling oil prices around the world have meant that Canada must diversify its revenue sources and take advantage of other economic opportunities.

Shares of Chevron fell on Friday even as the oil major beat Wall Street's expectations on the top and bottom line and as profits and revenues jumped from a year ago.

Africa's largest economy, which relies on crude sales for around 70 percent of government revenues, has been hammered by the more than 50 percent fall in oil prices since June last year.

Oil revenues have fallen, and Yemen will soon be a net importer.

The two sub-saharan African countries are the latest in what may become a long line of oil - exporting countries to seek financial assistance to help stem growing deficits as falling crude prices crush revenues.

Africa's biggest economy and top oil producer is reeling from the fall in crude revenues, the source of 95 percent of foreign earnings, which has led to the naira hitting record lows on the parallel market amid dwindling foreign exchange reserves.

But now the country has been running short of dollars as oil revenues have fallen along with the price of crude, pushing the economy into its first recession in a quarter of a century.

This implies that expected national revenue from oil will fall.

Nigeria has to return to the pre-oil economy, sources of revenue during the pre-oil era must be revisited to revitalize our economy in the face of falling oil prices in the global market.

«The payment was to be from revenue flows from crude oil which is sold on the international market at bench mark prices but crude oil prices fell and that source of financing the loan became inadequate... So we had indicated that once the processes start, there could be other source of financing repayment for the facility.

While commending the Federal Government for towing the line of Lagos State in making efforts to increase its Internally Generated Revenue, Ambode emphasised that the most important lesson that must be learnt from the fallen oil prices is the need to diversify our economy by looking inward.

And lower revenue growth reflects a falling oil / petrol price — fuel still comprises 80 % of revenue & is completely driven by oil prices, so total revenue isn't all that reliable / relevant a metric.

So all reasonning on the premisse that oil revenues have declined falls apart.

¶ Responding to falling oil industry revenues, the government of Algeria unveiled a suite of new programs meant to improve the country's financial situation, including a solar PV facility build = out, and energy efficiency programs, and incentives to convert their vehicles to run on liquefied petroleum gas rather than petrol / gasoline or diesel.

However, on the other hand, with the oil prices and government revenues in free fall, will governments remain interested by investing to improve access to data?

Goods: - Products like biomass briquettes, e-waste, cullet or other scrap or waste of glass, real zari, paper scrap or waste, hard rubber scrap or waste, scrap or parings, rubber waste, scrap or parings, plastic waste, homeopathy medicines, siddha, Unani, ayurvedic, branded namkeens, khakra and plain roti / chapatti, mangoes sliced dried, fibre and leaf and reed items including wallets, pouches and mats, prayer beads, grass, hawan samagri, cotton quilts (not more than Rs. 1000 per piece), duty credit scrips, oil cakes, paper mache products, saree fall, corduroy fabric, dhoop batti, roasted gram, dried tamarind, walnuts, branded food, first - day covers, stamp - post marks, revenue or postage stamps, kites, agarbatti, insulin, biogas, ice and snow, raisins, cashew nuts, cashew nuts in shell, lifeboats, stent, medicines, kerosene, coal, sabudana, rusk, pizza bread, spices, tea, coffee, frozen vegetables, branded paneer, skimmed milk powder, cream, footwear under Rs. 500, packaged food items, apparel under Rs. 1000 and fish fillets will all attract 5 % GST.

The fall in oil prices means that they have to find the revenue to bankroll their states.