Sentences with phrase «global oil prices»

The once - prosperous nation continues further into a recession started by the drop in global oil prices in 2014.

It's a far cry from 2013, when airlines made $ 140 billion in new orders before the collapse of global oil prices.

Thanks to high global oil prices, industry can afford the large amount of energy needed to extract the oil and turn it into a usable fuel.

First, Canadian oil producers have lowered their long - term outlook for global oil prices, and have cut their plans for investment spending significantly more than previously announced.

Views economic diversification as a key step towards addressing the fall in global oil prices.

When Chief Obafemi Awolowo, the leading opposition politician, a former civil war finance minister who was familiar with Nigeria's economy warned as global oil prices fell in 1980 and afterwards of the need for caution in public economic management, the NPN leaders shouted him down, and proceeded with the «party» Nigeria was having with oil proceeds.

Drilling more oil domestically, while not a good thing from an environmental perspective, would have a pretty negligible effect on global oil prices and oil use.

The BJP - led government had raised excise duty nine times between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October last year by Rs 2 a litre.

The European Biodiesel Board says that biodiesel reduces greenhouse gasses by 50 to 95 percent compared to conventional fuel, and has other advantages as well, like providing new income for farmers and energy security for Europe in the face of rising global oil prices and shrinking supply.

That fire began last year when global oil prices crashed by 40 percent and evaporated billions of investment capital in the tarsands.

From July to December, the story was one of oil sands bucking the trend, to a point — while global oil prices dropped, discounts applied to Canadian heavy oil dropped as did the costs of the diluent used to ship oil sands products via pipeline, and so the value of oil sands bitumen declined by less than world oil prices.

The steep reduction in global oil prices from over 120 dollars per barrel to roughly 30 dollars and the huge debt profile of Ondo State present a hard challenge that requires a prepared mind and experienced hands in the saddle.

Airlines are under pressure to reduce their carbon emissions, and are highly vulnerable to global oil price fluctuations.

The forecast for stronger output comes as global oil prices topped $ 65 a barrel on Tuesday, the strongest since June 2015, driven by continued supply curbs from OPEC and an outage on a key North Sea pipeline.

If global oil prices recover, and pull gas prices up with them, the LNG window may open again.

The government had between November 2014 and January 2016 raised excise duty on petrol by Rs 11.77 a litre and that on diesel by Rs 13.47 per litre to take away gains arising from plummeting global oil prices.

Two million barrels per day is the size of the current oil glut, which was enough to drive global oil prices into the gutter.

The dollar's weakness, however, failed to help global oil prices, which continued to fall in Monday trading following last Friday's data from Baker Hughes (BHI) showed U.S. oil and natural gas producers added 21 rigs over the past week,

You need only look at the growing dysfunction within OPEC, which weakened that organization's influence over global oil prices, to see evidence of that.

As a result, our interest in fuel - efficient cars fluctuates wildly with global oil prices.

New research reported in Nature Climate Change finds that increased Canadian tar sands production would decrease global oil prices and thereby increase oil consumption.

A recent rebound in global oil prices likely helped bolster the country's industrial output, which had been hurt in recent months by low oil prices and declines in the mining and construction sectors.

Global oil prices plateaued around $ 45 (US) a barrel, crushing the dream of becoming an energy superpower.

It also gradually phased out subsidies that kept retail fuel cheap, causing prices at the pump to climb by an average of nearly 25 % since 2014, even though global oil prices fell by as much as 75 % during that period.

«The US economy had effectively moved into stagflation around five years before global oil prices were raised in 1973.

Stronger global oil prices have not benefited the offshore marine sector, whose troubles will weigh on Singapore banks report earnings.

As I've written many times before, the American fracking industry is largely responsible for keeping global oil prices low, which has been a huge windfall to the world economy.

However, this signaled to investors that rising supply from the U.S. would continue to depress global oil prices, and further drag energy shares down.

Second, lower global oil prices indicate that refineries in the rest of the world aren't exactly scrambling to secure expensive Alberta bitumen either.

Hamm says the EIA is distorting global oil prices from the projections.

Global oil prices turned lower Thursday, reversing early gains after Kuwait's Oil Minister said to confirm OPEC ill extend, but not increase, production cuts.

Global oil prices gained Monday amid a brewing diplomatic row in the Gulf region that has seen several states cut diplomatic ties with Qatar over its alleged support for extremists.

Indeed, some mining and upgrading operations require global oil prices in excess of US$ 80 a barrel to be profitable over the long term.

Royal Dutch Shell abandoned an oil exploration program in the Arctic Ocean in 2015 amid concerns that lower global oil prices made drilling in the remote region a risky investment.

Indeed, on a year - ended basis, CPI inflation might rise further before it starts to come down, particularly given the recent further surge in global oil prices beyond what was assumed in our May projections.

Historically, such widespread unrest would have caused global oil prices to march higher, but instead of rising against the backdrop of heightened geopolitical risks, Brent, the global price benchmark, has recently sunk below $ 100 a barrel.

It's a cute theory, but the real reason global oil prices are falling doesn't have much to do with a bump in the amount of refined products that are being exported from the U.S..

In late November, OPEC finally announced that its members had agreed to cut crude oil production in order to boost global oil prices.

Also speaking, Governor Abdullahi Ganduje said his administration entered into the partnership with Lagos with a strong belief that it would create a veritable platform to drive home grown investments in the face of volatile global oil prices.

With so much of their economy based on oil sands, fracking, and refineries, Canada depends on a decent global oil price in order to be economically stable.

Bachmann may be misunderstanding the powers of the U.S. president, but the ability to rearrange global oil prices to one's liking is not part of the job description.

Gold price in Salem depends on international factors like import of gold, dollar strength, global oil price among all other reasons.

«As a result, fluctuating global oil prices have a tremendous effect on electricity tariffs.

Resembling a plotline from an episode of «Game of Thrones,» the mass detentions signal a seismic change in Saudi leadership — which, in turn, is putting upward pressure on global oil prices.