Sentences with phrase «hit of low oil 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.

Not exact matches

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.

«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.

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

NEW YORK (Reuters)- Oil prices settled slightly lower on Wednesday, as a surprise draw in U.S. crude stockpiles triggered a rebound from session lows hit after China proposed a broad range of tariffs on U.S. exports that fed fears of a trade war.

NEW YORK Oil prices settled slightly lower on Wednesday, as a surprise draw in U.S. crude stockpiles triggered a rebound from session lows hit after China proposed a broad range of tariffs on U.S. exports that fed fears of a trade war.

The negative effects of lower oil prices hit the economy right away, and the various positives - more exports because of a stronger U.S. economy and a lower dollar, and more consumption spending as households spend less on fuel - will arrive only gradually, and are of uncertain size.

Oil prices have the potential to rise another 15 % over the remainder of 2018, as the market faces up to an undersupply and low storage «double hit».

In a world of falling prices, however, it will be high cost production from shale formations and the oil sands, not the low cost conventional crude from places such as Saudi Arabia and Iran that will be hit the hardest.

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.

«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.

Oil prices have plummeted in recent months, with the price of oil today hitting its lowest point for five yeaOil prices have plummeted in recent months, with the price of oil today hitting its lowest point for five yeaoil today hitting its lowest point for five years.

Crude oil prices have fallen even further on world markets, with the price of a barrel of crude hitting its lowest point in six years on Tuesday.

The report came as oil prices slid to new multi-year lows, with Brent crude hitting a 5 - 1/2 - year low of $ 63.33 a barrel on Friday.

Reuters NEW YORK Oil prices edged lower on Friday after hitting a three - year high the previous day, but the benchmarks remained on track for a fourth straight week of gains.

In early February, crude oil prices hit a 52 - week low around $ 44 per barrel, capping off a staggering decline from a 52 - week high of about $ 100 in mid-2014.