Sentences with phrase «for weaker oil prices»

Not exact matches

Hannah Anderson of J.P. Morgan Asset Management says the near - term focus is on oil prices ahead of an important meeting in June on OPEC - led oil curbs, but the weak dollar is the longer - term variable for markets.

As long as production levels stay high, the outlook for oil prices will remain weak, as will the Canadian dollar, the TSX and the job prospects for those in Alberta and Newfoundland and Labrador.»

Oil prices have bounced around the $ 60 per barrel mark, low enough to cause deeper financial stress for weaker companies.

Still, German analyst and investor sentiment rose sharply in December for a second month running, as a decline in the euro and oil prices boosted hopes for a pickup although a composite PMI covering Europe's largest economy showed weaker growth.

The International Energy Agency that previously warned of lower for longer oil prices and warned last year that the oil price recovery was threatened by the possibility of weak demand now has changed its tune and is now saying that it is «mission accomplished» for OPEC as oil stocks shrink at a record pace.

A strong dollar makes imported goods more affordable for American consumers, while it's estimated that weak oil prices will put roughly $ 500 into the wallet of the average American driver.

In the case of Cenovus, price realizations for Canadian heavy oil have been weak, thereby reducing profitability.

Crude oil prices edged up on Friday boosted by stronger than expected U.S. economic data though the longer - term outlook for energy markets remains weak due to a global oil supply glut and uncertainty over economic growth prospects in Asia.

also impacted by weaker - than - expected data on durable goods orders for May and stalled oil prices.

Investors» sentiment was also impacted by weaker - than - expected data on durable goods orders for May and stalled oil prices.

«Now suddenly nothing can go wrong for it, which is quite an amazing turn of events given the fact that oil prices hit multi-year lows in January and financial markets were struggling mightily because of the concerns about weak growth,» Porter said.

The need for the BOC to act was created by sliding inflation, weaker crude prices (which threaten domestic sand oil production), and lagging employment growth.

That's because low prices for oil should continue to offset government stimulus spending as well as increased exports due to the weak Canadian dollar.

Retail gasoline prices fell after crude oil prices dropped for the fourth straight week — a product of weaker - than - expected global demand and increasing production, which EIA says will save American households $ 550 next year, Bloomberg News reports.

â $ ˜A WEAKER US dollar can not be blamed for soaring oil prices as policymakers around the world tussle with the twin specters of rising inflation and slowing growth, US Treasury Secretary Henry Paulson said overnight.

Forecasted demand for oil throughout 2016 remains weak, and although US production looks to be curtailing, it remains to be seen if the reduction in output from the world's largest oil producer will have enough impact on surplus supplies to drive prices upwards.