Sentences with phrase «hit by the oil»

The spending behaviour of firms in regions hit by the oil price shock is also recovering, supported by improving commodity prices and business confidence.

If you get hit by an oil pot and then a flaming arrow, you burst into flames.

Since the spill, over 600 dolphins have stranded themselves in the region hardest hit by oil, and 95 % of them have died.

When a pipe fitting blew, the 50 - year - old derrick hand was hit by oil and sludge that was pressurized at more than 700 pounds per square inch, ripping his left arm off below the elbow.

Not exact matches

NEW YORK, April 24 - Oil prices were little changed on Tuesday after Brent hit its highest level since November 2014, supported by strong demand, OPEC - led production cuts, and the prospect of renewed U.S. sanctions on Iran.

SINGAPORE, April 24 - International oil prices hit their highest levels since late 2014 on Tuesday, pushed up by expectations of renewed U.S. sanctions against Iran and as OPEC continues withholding supplies amid strong demand.

Fossil fuel usage, meanwhile, is expected to hit its ceiling in 2030 at 2.93 billion tons of oil equivalent with coal expected to continue as the top energy source for China by 2050.

Third - quarter indicators will be inflated by a forgettable spring, when the U.S. economy hit a lull and wildfires ravaged Fort McMurray, the heart of Canada's oil industry.

Suncor is Alberta's biggest company by assets, but a near 50 % drop in oil prices in 2015 hit the company hard.

Oh, and crude oil futures have also hit new 13 - year lows as Iran marks its return to markets by dumping millions of barrels that have been stored, sanctions - bound, for years.

Western Australia's only onshore oil producer has suspended production after being hit by the low oil price and the high cost of trucking its output to Wyndham rather than the much closer port at Broome.

It says the economy, hit hard by low oil prices, will benefit from the growth of an entertainment industry.

Oklahoma was shaken late Wednesday night by two of the strongest earthquakes to hit the state in recent years, the latest in a series of temblors that many researchers believe are caused by the burial of wastes from oil and gas drilling in the state.

Oil prices took off when the crisis hit Egypt, threatening to choke off oil supply lines by closing the Suez CanOil prices took off when the crisis hit Egypt, threatening to choke off oil supply lines by closing the Suez Canoil supply lines by closing the Suez Canal.

Morgan Stanley also noted that oil and gas exports account for nearly 16 percent of Malaysia's gross domestic product (GDP), and the sector has been hard hit by crude prices falling below $ 50 a barrel again.

U.S. airline stocks hit a 13 - year high this week as they gained momentum from lower oil prices and increased travel spending by Americans in an improving economy.

Hit hard by falling oil prices, Marathon resorted to divesting assets,

The Russian economy has been hit by low oil prices and western sanctions and is set to contract 0.6 percent this year, according to data from the International Monetary Fund.

The energy sector was certainly hard hit by the sharp drop in oil prices.

Precision shares, though, are off nearly 30 % from their all - time high, as the company's earnings have been hit by weakness in the oil and gas sector, where the majority of the company's non-aerospace sales come from.

As the headquarters city of choice for the energy industry, Calgary has been hit hard by the slumping price of oil.

This scenario was part of our thinking at the beginning of last year, when Canada's economy was hit by the collapse in oil prices and we cut our policy interest rate.

The worst storm to hit the U.S. since 2004 and by some estimates the largest rain - storm in U.S. history, Harvey has had a profound impact on the nation's largest oil - producing and oil - refining region.

Bakersfield relies heavily on the oil industry, which has been hit by the drop in oil prices, reported the Los Angeles Times in early 2016.

Oil giant ExxonMobil has been hit with a tax claim by the Australian Tax Office in relation to interest rates on intra-company loans.

Boosted by the bullish supply - demand reports, oil prices rallied on Monday, with Brent hitting a more than two - year high on strong oil demand growth and the threat to Kurdish oil exports over the referendum on independence.

And while Canada - wide median incomes were up by an inflation - adjusted 3.5 per cent over that time, the performance was heavily influenced by oil - rich provinces such as Alberta and Saskatchewan — a trend that's since hit a wall, thanks to the collapse of global oil prices.

Oil exporters are likely to be hit the hardest, with the IMF pointing out that, relative to the 2004 - 2008 period, GDP growth in the average oil - exporting country will fall by approximately 6.5 percentage points in 2009, and the decline in their current account and fiscal deficits is expected to be in the double digiOil exporters are likely to be hit the hardest, with the IMF pointing out that, relative to the 2004 - 2008 period, GDP growth in the average oil - exporting country will fall by approximately 6.5 percentage points in 2009, and the decline in their current account and fiscal deficits is expected to be in the double digioil - exporting country will fall by approximately 6.5 percentage points in 2009, and the decline in their current account and fiscal deficits is expected to be in the double digits.

The chart above shows that the U.S. Energy Information Administration estimates that commercial crude oil inventories at OECD countries could hit their lowest in two years by the end of 2017, coinciding with a sharp drop in U.S. inventories.

In addition to oil and gas producers, manufacturers worry about maintaining their access to the American market, and whether they'll be hit by new Republican protectionism — arising from the White House or Congress.

By David Gaffen NEW YORK (Reuters)- Oil prices on Thursday hit highs not seen since 2014, built on the ongoing drawdowns in global supply and as Saudi Arabia looks to push prices higher, though U....

Another oil company hit hard this week by slumping crude was Resolute Energy (NYSE: REN), which plunged nearly 20 %.

Australian Stock Exchange — April 21, 2016 and May 4, 2016 The largest and the smallest oil & gas companies in the S&P / ASX 50 by market capitalisation, Woodside Petroleum and Santos, respectively, like about every other oil & gas company in the world been hit hard by the slump and continued volatility in oil prices.

Oil has been supported by the perception among investors that tensions in the Middle East could lead to supply disruptions, including renewed US sanctions against Iran, as well as falling output in crisis - hit Venezuela.

To make things worse, Canada's economy has been hit hard by falling oil prices, and investors remain wary of a Canadian housing market that has shown signs of becoming a bubble, as well as rising consumer debt rates.

The second is that the world economy was moving along very smoothly in the post-war period, with everything under control, until hit by the external shock of the OPEC - induced oil price rise in late 1973 (and again in 1979).

For example, if the world population hits only 8.3 billion by 2050 instead of the 9.7 billion figure typically cited by the UN, fossil fuel consumption could end up being 17 percent lower in 2050 than the oil industry thinks.

Russia was hit hard by the oil - price collapse, with sanctions making the situation even worse.

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Alex Salmond has been hit by a triple - whammy of bad news in the Scottish referendum campaign, with serious questions being raised about North Sea oil, his plans for currency union and Scots» access to the BBC after independence.

Edwina Akufo - Addo's alleged involvement in the scandal that hit the Bulk Oil Storage and Transport (BOST) is the outcome of years of lies said against former President John Mahama by her father president Akufo - Addo, according to the MP for Ningo Prampram.

Alex Salmond hit by triple - whammy of bad news, with serious questions asked about North Sea oil, plans for currency union and Scots» access to the BBC

With the government removing fuel subsidies and oil marketers refusing to sell diesel at pump prices, the cost of doing business in Nigeria is expected to double over the next three months especially as oil hits a benchmark price of $ 38 per barrel with the International Monetary Fund (IMF) predicting a further drop to $ 20 per barrel by mid-year.

Ghana was forced to turn to the IMF for a three - year $ 918m loan programme in 2015, after the nation, which began exporting oil seven years ago and produces large amounts of gold and cocoa, was hit by the slump in commodities prices.

The Minister has consistently demonstrated empathy for the plight of Nigerians hard hit by dwindling oil prices and the impact on the economy.

Nigeria along with Angola, the leading oil economies on the continent have been hit hard by oil prices which have gone down by more than 50 percent in the last 12 months.

Last week the naira — hit by a foreign exchange scarcity in the face of low oil receipts — fell to a record low of 305 to the dollar on the parallel market, compared with the official rate of 197.

President Muhammadu Buhari on Friday lamented that Nigeria has been hit by the misfortunes of the oil industry.

I said 6/12 States in dire economic situations that a newly sworn - in President Buhari initially bailed out were Yoruba States, (Ondo, Osun, Oyo, Kwarra & Kogi, etc) all except Lagos and Ogun States were among the worst hit by the fall in oil price and less to share from Abuja... where did you read Lagos in my comment above?

Some people from Keta and Anloga on Thursday hit the streets to protest against the attempt by the government to begin oil exploration close to the Keta Basin.