Sentences with phrase «hit by the oil price»

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

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.

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

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.

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.

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.

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.

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.

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....

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.

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).

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

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.

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?

The IMF's paper sets out to test the idea that the recent 10 - year rise in the oil price — it hit a low of $ 10 a barrel in the late 1990s — can be explained by geological constraints.

The energy exporter has been hit hard by the fall in the price of oil and sanctions imposed after conflicts over Crimea and Eastern Ukraine.

Monday's release, less extensive than the government's annual fall updates, comes amid numerous downgraded growth forecasts for Canada, which has been hit particularly hard by the steep slide in oil prices.

His predictions centre on the fact that as a net - exporter of oil, Canada's economy has been hit hard by falling commodity prices.

However, in Alberta, hard hit by the downturn in oil prices, the rate increased to 2.8 per cent from 2.5 per cent a year ago, while in Saskatchewan, the rate increased to 3.04 per cent from 2.88 per cent.

The crash in oil prices has hit Alberta hard and the number of EI recipients shot up by a whopping 72 % since the crash in oil prices began.

Rob Carrick: Okay, here's something, let's look at what's happening in Alberta where they have been hit hard by oil prices.

More industries are growing, and those regions hit by lower oil prices are coming back to life.

Vancouver shot up the ranking due, in part, to how hard other cities were hit by crashing oil prices and because its economic fundamentals are strong.

Some of the poorest countries in the world are so dependent on oil imports that their already fragile economies have been hit 10 times as hard as the U.S. economy by the oil price shocks of the past years.

Author Bruce Babcock, an Iowa State University economist, says that even if the mandate were waived immediately, it would be at least three months before a price change would hit the market because of sustained demand for ethanol by oil companies.

The IEA predicts that carbon - intensive coal could jump 65 percent by 2035, and that oil prices are likely to hit $ 150 a barrel.

Airlines in Trouble Over Oil Prices As we mentioned in our post on the return of turboprop aircraft, airlines have been hit incredibly hard by rising fuel costs and, in places where competition exists, by travellers switching to high speed rail.

And even though the economy in the resource - rich Canadian Prairies has been hard hit by plunging oil prices, McLeod continues to build its two Calgary offices with its current total of 49 lawyers.

Headwinds caused by Brexit may now further dent business confidence already hit by the continued oil price slump and on - going concerns over the slowing economy in China.

There is no question Calgary oil patch workers and entrepreneurs have been hit hard by dropping oil prices.

The Greater Houston market started to plateau late in 2015, and Mark Woodroof, managing partner, Better Homes and Gardens Real Estate Gary Greene, feels that as we hit the mid-point of 2016, the market is starting to soften, particularly in the high - end, driven by the apparition of energy jobs eliminated by the price of oil.

While these statistics confirm the overwhelming economic impact of the drilling industry, the obvious question emerges: how sharply have these and other markets been hit by the drop in oil prices since the start of 2015?