Sentences with phrase «in global oil prices»

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

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

Due to fluctuations in global oil prices, a fuel surcharge may be added to your tour fee.

«If Trump abandons the deal, he risks a spike in global oil prices,» said Ole Hansen, head of commodity strategy at Saxo Bank, adding that re-introducing U.S. sanctions could remove 300,000 - 500,000 bpd of Iranian oil from global supplies.

The ruling socialists, once held together by late leader Hugo Chavez, have succumbed to infighting under Maduro, a former bus driver and union leader who lacks Chavez» charisma and has seen his budget slashed with the decline in global oil prices.

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.

Oil and gas producer Beach Energy has flagged a $ 166 million writedown on the value of its assets, as a result the dramatic slide in global oil prices.

Poloz's bold and unexpected move to cut rates this year — not once, but twice — has been credited for dampening the impact of the sharp drop in global oil prices on the Canadian economy.

Robert Kaplan, the president of the Dallas Federal Reserve, said earlier this month that banks will suffer losses on energy loans following the collapse in global oil prices, but they will not pose a broad risk to the economy.

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.

He met with Saudi ruler King Abdullah on Saturday and is expected to call for greater stability in the global oil price as a means to reducing financial instability.

This is projected to hit N3 trillion ($ 15 billion) due to heavy infrastructure spending at a time when the slump in global oil prices has slashed the country's export revenues.

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.

Using International Energy Agency elasticity of demand and supply estimates, Erikson and Lazarus calculate that «for every barrel of increased production» attributable to the KXL, «global oil consumption would increase 0.6 barrels owing to the incremental decrease in global oil prices.»

The downward tumble in global oil prices, which began last year and then continued after a short rebound, has taken the entire oil industry by surprise.

«If Trump abandons the deal, he risks a spike in global oil prices,» said Ole Hansen, head of commodity strategy at Saxo Bank, adding that reintroducing U.S. sanctions could remove 300,000 - 500,000 bpd of Iranian oil from global supplies.

After the precipitous fall in global oil prices, even the world's biggest petroleum exporter is now forced to reduce its reliance on fossil fuels.

Because of dramatic job losses due to declines in global oil prices, this Budget proposes legislative changes to extend the duration of EI regular benefits by five weeks, up to a maximum of 50 weeks of benefits for anyone living in a resource - dependent region.

The drop in global oil prices to their lowest levels in more than 10 years might seem like good news for consumers, but the markets have been...

«If Trump abandons the deal, he risks a spike in global oil prices... The re-introduction of U.S. sanctions would hurt Iran's ability to transact in dollars,» said Ole Hansen, head of commodity strategy at Saxo Bank.

«If Trump abandons the deal, he risks a spike in global oil prices,» said Ole Hansen, head of commodity strategy at Saxo Bank, noting that reintroducing U.S. sanctions could remove 300,000 - 500,000 bpd of Iranian oil from global supplies.

It explained that Nigeria's economy was being affected by the fall in global oil prices and a steep drop in local crude production due to insurgency in the Niger Delta.

-- DQ) Holly Ellyatt — Energy Future — December 19, 2014 The green energy market is fast becoming the latest to fall victim to the precipitous fall in global oil prices, as investors shun eco-friendly tech companies.