Sentences with phrase «for low oil prices»

Environmental groups hailing the news were not quick to mention a role for low oil prices in contributing to the decision and Shell didn't mention this in the statement announcing the decision to «cease further exploration activity in offshore Alaska for the foreseeable future.»

As they say, the best cure for low oil prices is low oil prices.

Oman has had to borrow $ 1 billion to make up for low oil prices.

On Hess and WPX Energy: «The solution for low oil prices is low oil prices.

«BP is continuing to plan for a lower oil price world,» chief executive Bob Dudley said on Tuesday, adding that «I'm not expecting big shifts in prices anytime soon and a price of $ 50 a barrel looks like the right number to plan on for the rest of the decade.»

«BP is continuing to plan for a lower oil price world,» chief executive Bob Dudley said earlier this month, adding that «I'm not expecting big shifts in prices anytime soon and a price of $ 50 a barrel looks like the right number to plan on for the rest of the decade.»

BoC offers silver lining for lower oil prices and loonie» Why you're still paying too much for gas at the pump»

Not exact matches

But higher oil prices are certainly an inconvenience for drivers, especially those with lower incomes.

Wednesday: Boeing & Biogen Boeing: In the past, this company has been deemed a loser on suspicions that airlines won't upgrade their fleets for fuel efficient planes now that the price of oil is so low.

The decreases are largely the result of the oil glut and all - time lows for crude prices — last year, mining, oil producers, and metal companies lost a combined $ 70 billion on $ 1.3 trillion in revenue.

Though some analysts have worried that the intransigence of European lenders would force Greece into Russia's sphere of influence, it's not clear just what Russia could do for the Greeks, given Russia's own economic troubles amid low oil prices and Western sanctions.

Oil companies are tightening their belts for a period of low prices.

While low oil prices aren't fun for the company, it won't lead to its immediate demise, either.

The bank cited the prospect of slower economic growth in Canada brought about by lower oil prices as one reason for moderating the rate.

It's among a host of new startups developing technology for the oil and gas industry, which finds itself desperate for innovation in this era of low commodity prices.

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.

So, while low oil prices will make this a trying quarter for the entire energy industry, companies with a more balanced portfolio of assets should fare better than the pure - plays.

Unlike Grantham, Shilling believes that low global growth will continue to keep pressure on the price of oil, especially when Saudi Arabia, the world's most influential producer, can continue to pump up oil for less than $ 10 a barrel.

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.

To offset low oil prices and offshore returns, free capital for investment in emerging economies.

If the Fed is indeed putting off raising short - term interest rates — perhaps because of an economic slowdown overseas, economic turmoil in Russia, or because of lower oil prices — then that's potentially good news for the stock market.

Obama raised new questions about the project during a trip to Asia late last week, saying it would not lower gas prices for U.S. drivers but would allow Canada to «pump their oil, send it through our land, down to the Gulf, where it will be sold everywhere else.»

The recent hot run for airline stocks has coincided with another period of low oil prices (see chart below) and steady economic growth, leaving some to wonder whether aviation's sad history will repeat itself.

Programmed Maintenance Services has returned an annual net loss as a result of lower demand for marine services following the steep drop in oil and gas prices.

Consumer demand for cars was ready to rise on low oil prices, and lower raw material costs could also translate to lower costs for GM.

For the past two years, energy stocks have looked quite dirty, as the price of oil sank to a latter - day low of US$ 27 a barrel in February.

Last year, funds that bet on an oil - price recovery were hit as crude in June fell to $ 42.05, the low for the year.

«Particularly with oil prices hitting lows at some point in the first quarter... lots of sub investment - grade firms could be under a lot of stress, and for those with stronger balance sheets, those companies could take this as an opportunity to buy and acquire assets,» Deshpande said in a phone interview.

Additionally, prices for its major commodity exports - crude oil and palm oil - have dropped sharply and its currency, the ringgit, is trading close to its lowest levels since the Asian financial crisis of the late 1990s.

Reports that shale companies were posting juicy profits at very low oil prices has likely factored into heady projections for shale output.

Low oil prices have also relaxed customers» need for new, fuel - efficient models.

Tamar Essner, Nasdaq energy director, provides insight to efficient oil production in the Permian Basin, and whether there is likely to be a lower trading range for oil as Saudi Arabia loses its grip on prices.

The depressed prices mean lower prices for refiners and less pump pain for North American drivers, but it's hardly good news for Canada's oil industry, which spent billions on oilsands projects after world crude prices had risen high enough to justify the investment.

This impact would not be as immediate but something owners should consider if oil prices remain low for a prolonged period of time.

But again, the cuts weren't enough for the longstanding low price of oil.

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).

With oil prices renewing a leg lower, Saudi Arabia is reading for an $ 87 billion deficit, reports CNBC's Jackie DeAngelis.

Second, that Saudi Arabia, the driving force within OPEC and the shock absorber in oil markets for the past 40 years, would cut production if necessary to keep prices from falling too low.

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

The price of a barrel of West Texas Intermediate (WTI), a benchmark for so - called light sweet crude oil, tumbled from its June high of $ 108 to a low in January of $ 44.

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.

There was a simple answer to the economic question: Keystone is the fastest and easiest way to bring Alberta's oil to market, which will in turn lower the price of oil by about a dollar per barrel for every American — regardless of where the stuff is ultimately sold.

LONDON, May 3 - Oil prices slid lower on Thursday as swelling U.S. crude inventories and record weekly U.S. production offset concerns over OPEC supply cuts and the potential for new U.S. sanctions against Iran.

Alberta's unconventional oil reserves are big enough to meaningfully increase world oil supplies — and lower crude prices for everyone — if they're fully developed.

Prices for major commodity exports crude oil and palm oil have dropped sharply and its currency, the ringgit, is trading close to its lowest levels since the Asian financial crisis in the late 1990s.

And most experts think the loonie will stay low for the foreseeable future, due to depressed oil prices and the country's deteriorating terms of trade.

Lower oil prices reduce energy bills for both households and firms.

Although U.S. crude oil inventories are at «historically high levels» for this time of year, according to the Energy Information Adminstration's Weekly Petroleum Status report, Molchanov predicts inventories will trend lower by the middle of the year as prices recover.

«The value of the Canadian dollar and the price of oil, one of the nation's top exports, have both tumbled to near record lows,» the billionaire and former three - term mayor of New York wrote ahead of Trudeau's arrival for town - hall event on live television.