Sentences with phrase «low oil prices continue»

TORONTO — The chief economists of some of Canada's biggest banks say the country is headed for a rocky year as low oil prices continue to drag on economic performance.

«Lower oil prices continue to be a significant challenge across the business, and the outlook remains uncertain,» van Beurden said.

Still, pockets of weakness remain as lower oil prices continue to hinder investment in the energy industry and a firm dollar restrains global sales.

Not exact matches

Unlike Grantham, Shilling believes that low global growth will continue to keep pressure on the price of oil, especially when Saudi Arabia, the world's most influential producer, can continue to pump up oil for less than $ 10 a barrel.

Fast forward to 2016, when Putin himself came out in favor of coordinating with the cartel amid the continued corrosiveness of lower oil prices.

«We expect the stagnation trend to continue and potentially accelerate next year, exacerbated by lower oil prices, tighter monetary policy and continued uncertainty on the geopolitical front,» noted Barclays economist Eldar Vakhitov in a recent report.

CNBC's Jackie DeAngelis reports fresh lows in crude over the weekend as concerns resurface that oversupply will continue to pressure oil prices.

Crude oil prices hit new lows earlier on Friday, as everything continues to indicate that oil producers are pumping relentlessly.

We may be enjoying amazingly low prices at the gas pump, but as oil prices continuing to slide we must also remember the catastrophic events that have followed almost every drastic oil price slump in the past.

Samuels said that while the state has among the largest budget reserves of any state, at a projected $ 10.4 billion by the middle of next year, continued low oil prices mean legislators will face some tough decisions when they return to Austin in January.

The sale would come as the offshore sector continues to struggle with low oil prices, and oil exploration and production companies focus investments on lower cost shale fields onshore, particularly the Permian Basin in West Texas.

This redevelopment is anticipated to pull housing prices up, even if continued oil prices are low or stagnant.

«BP is continuing to plan for a lower oil price world,» chief executive Bob Dudley said on Tuesday, adding that «I'm not expecting big shifts in prices anytime soon and a price of $ 50 a barrel looks like the right number to plan on for the rest of the decade.»

Because I don't see the capital markets continuing to fund non-conventional oil drilling when the ever present risk of prolonged low prices, or worse another step down I therefore see the balancing of the market occurring sooner then you suggest.

«BP is continuing to plan for a lower oil price world,» chief executive Bob Dudley said earlier this month, adding that «I'm not expecting big shifts in prices anytime soon and a price of $ 50 a barrel looks like the right number to plan on for the rest of the decade.»

At the same time, the low level of oil prices will continue to dampen growth in Canada and other energy - producing countries.

Oil prices continue to remain low, however, thanks in large part to the ingenuity of Texas fracking companies.

If the flow of capital continues, then the production surplus and lower oil prices will also continue, assuming that OPEC is able to maintain higher production levels and that demand growth remains relatively low.

«I think no deal is probably better for the longer - term because it continues this process of rebalancing and there is no rebalancing without pressure and pressure comes through lower oil prices, through tighter credit and we're seeing all of that playing out nicely,» he said.

This includes the possibility of lower oil prices — their forecast for oil prices continues to be relatively positive - slower - than - expected growth in the EURO zone and in emerging economies, especially in China.

Growth in Canadian crude oil production has outpaced expansions in pipeline takeaway capacity and, along with past pipeline outages, has driven Canadian crude oil prices lower and increased Canadian crude Continue Reading

Suncor Energy Inc. is barreling ahead on the ramp - ups of the Fort Hills and Hebron oil megaprojects as its refining operations protect it from the pipeline shortages and lower prices Continue Reading

Oil prices have continued to fall and are now below $ 50 a barrel and projected to fall to $ 40 a barrel, and perhaps lower.

Canada's resource sector continues to adjust to lower prices for oil and other commodities, with some spillover to the rest of the economy.

The 104 - page OPEC report finds that there will be greater demand for the group's oil in 2016, with customers consuming an average of 31.65 million barrels a day throughout the year because the market will be «supply - driven» as competitors, beset by low prices, continue to cut back severely on capital expenditures ranging from exploration to new drilling.

The Canadian economy continues to work its way back from the post-crisis global recession and the associated collapse in our exports while, at the same time, is adjusting to lower prices for oil and other commodities as well as a much lower exchange rate.

Angola's crude exports fall to lowest since at least 2008 OPEC disruptions could send prices above $ 80 a barrel: BofAML While plunging output in Venezuela captures the oil world's attention, Continue Reading

Low oil prices have taken their toll on an already weak Canadian economy, where household debt levels are at record highs and business investment continues to lag.

«If oil prices continue to drift lower, the central bank's measures will be overcome by more panic in a matter days.»

Market participants continued to weigh the supply - side impact of production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and other major oil producers in late 2016 and, on the other hand, the ability of the US shale oil industry to maintain output in the face of lower prices.

Mexico also continued to make responsible fiscal adjustments by cutting its budget to cope with the impact of lower oil prices.

As long as Canada remains weak because of low oil prices, a weakened currency and a general slowdown of the world economy, we'll continue to see opportunities in the beaten down Canadian banking sector.

Government bonds continue to exhibit a low correlation to oil prices and commodity cyclicality in general.

The bull market continues to face some turbulence as a decline in oil prices and ongoing uncertainty regarding tax reform conspired to bring the large - cap indexes lower during the session.

An executive at Russia's state - owned Gazprom Neft Wednesday said Russian oil firms are weathering low prices and will continue to increase output even if Saudi Arabia drives prices lower with increased production.

«Even at these lower prices, the US shale production will continue to increase because technologies and knowledge of shale prices are getting better month after month,» says Leonardo Maugeri, former top manager at Italian oil company ENI and now associate professor at the Harvard Kennedy School's Belfer Center for Science and International Affairs.

Capital Markets Fixed Income Saudi Arabia has issued its first sovereign bonds since 2007 to help fund a widening budget deficit caused by continued spending amid low oil prices.

«It seems reasonable to assume that another year of extreme moves in US dollar (higher) and oil / commodity prices (lower) would likely continue to drive this negative feedback loop and make it very difficult for policy makers in emerging markets and developing markets to fight disinflationary forces and intercept downside risks,» the analysts add.

That trend towards higher inflation expectations continued into U.S. inflation expectations, indicating that the ECB QE announcement, and coincident with tentative signs of stabilization of oil prices, may mark the low point of deflationary fears driving global interest rates to new lows.

Already Buhari has started giving excuses for the abysmal performance.He attributed the quagmire to drop in the price of oil globally and cleverly laid the blame on the doorsteps of all Nigerian accusing them of relying solely on oil.All renowned rating agencies including fitch continue to downgrade Nigeria ever since Buhari took over and it is projected that Nigeria will not be able to repay its debt obligations.Fitch for instance downgraded Nigeria's longterm foreign currency issuer default rating to B + from BB - and longterm local currency IDR to BB - from BB.The general position expressed by almost all the Briton wood institutions is that Nigeria's fiscal and external vulnerability has worsened under Buhari and it is projected that the government's general fiscal deficit could grow up to 4.2 % by the end of 2016 after averaging 1.5 % under the previous regime.A recent capital importation report by Nigeria Bureau of Statistics confirms that, last year, the country recorded total inflow of capital into the economy stood at $ 9.6 billion which was a 53 % drop from previous year and the lowest recorded total since 2011.

The committee, in a communique issued at the end of its first meeting for the 2016 fiscal period in Abuja, observed that while the period of low oil prices, which occurred in 2005, lasted for a maximum of eight months, the current situation was expected to continue over a longer period of time.

Thanks to low oil prices, the creation of new plastic continues to ramp up, with the latest reports forecasting a 40 percent increase in plastic production over the next 10 years.

DeHaan says that continued low gas prices in the U.S. can be attributed mostly to an increase in the amount of crude oil produced in the U.S., with American oil inventories up 27 percent compared to this time last year.

Government bonds continue to exhibit a low correlation to oil prices and commodity cyclicality in general.

Yet, the push to redevelop the downtown core into a commercial and residential hot spot is anticipated to pull housing prices up, even if continued oil prices are low or stagnant.

This redevelopment is anticipated to pull housing prices up, even if continued oil prices are low or stagnant.

We don't have cash at the moment, but later in the year if the oil price continues to be that low, we could potentially buy even more to average down even further.

«Business investment will remain a source of drag, however, as the energy sector continues to adjust to low oil prices.»

Alberta and other resource dependent provinces continue to be battered by low oil prices, while Toronto and Vancouver dominate sales and price headlines.

No one really knows how long oil prices will continue to support low mortgage rates.