Next Up: We will take a look at the impact of this climate of
lower oil prices on the real estate markets in Houston and across Texas.
Looking ahead, the economy is expected to pick up its pace, helped in part by the positive effect of
lower oil prices on consumer spending.
The impact of
lower oil prices on the U.S. commercial real estate market can be analyzed from two perspectives: the direct impact and the indirect impact.
The indirect impact of lower oil prices The impact of
lower oil prices on commercial...
In the table below, I estimate the effect of
lower oil prices on green / clean energy companies and corporate bonds issued by energy companies:
Oman, the poorest Gulf Arab country on the basis of economic output per person, was cut for the first time by Moody's Investors Service, which cited the negative impact of
lower oil prices on government finances, economic performance and balance - of - payments.
The bigger change in our projection comes from the impact of even
lower oil prices on Canadian income.
The impact of
lower oil prices on employment has not yet been felt.
Gary Kelly, Southwest Airlines chairman, president & CEO, breaks down his company's quarterly results and the impact of
lower oil prices on jet fuel costs.
His expertise also includes innovation, marketing and real estate in Dubai, as well as the far - reaching impact of
low oil prices on Saudi Arabia.
Edmonton, June 2, 2016 — Canadian Western Bank (TSX: CWB)(CWB) today announced second quarter financial performance which included strong growth in pre-tax, pre-provision (PTPP) earnings and the significant negative impact of persistent
low oil prices on the credit performance of oil and gas production loans.
CWB today announced second quarter financial performance which included strong growth in pre-tax, pre-provision (PTPP) earnings and the significant negative impact of persistent
low oil prices on the credit performance of oil and gas production loans.
Alberta continues to grapple with the impact of
low oil prices on the economy, with Calgary particularly impacted due to the high concentration of energy companies occupying spaces in the downtown market, says JLL.
Not exact matches
Andurand, who runs
oil hedge fund Andurand Capital Management LLP, wrote in a string of tweets
on Sunday that companies may be less willing to risk investment in long term
oil projects because of
low crude barrel
prices and a predicted peak in electric vehicle demand.
Our energy sector has been hurt partly by
low natural gas
prices and the discount placed
on Canadian
oil compared to world benchmarks, but gas and
oil prices have generally been flat or
on the rise.
In the face of
low crude
oil prices, the company focused
on natural gas, which had stronger rates.
Wednesday: Boeing & Biogen Boeing: In the past, this company has been deemed a loser
on suspicions that airlines won't upgrade their fleets for fuel efficient planes now that the
price of
oil is so
low.
The decreases are largely the result of the
oil glut and all - time
lows for crude
prices — last year, mining,
oil producers, and metal companies lost a combined $ 70 billion
on $ 1.3 trillion in revenue.
Just how bad
low oil prices are — if they're bad at all — kind of depends
on your perspective, he says.
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.
Nigeria's nationwide
oil - worker strike ended over the weekend, and
oil prices fell as
low as $ 67.55 per barrel
on Monday.
We have a different view
on inflation, which we see below 2 percent even in 2018,» analysts at Bank of America Merrill Lynch said in a note
on Wednesday, explaining that
oil prices will keep headline inflation
low.
April 30 - Whiting Petroleum Corp reported first - quarter profit
on Monday compared with a year - ago loss as the U.S.
oil producer benefited from higher
oil prices and
lower costs.
The home of Canada's once go - go energy industry has suffered this year from
lower oil prices, putting a drag
on incomes.
April 30 (Reuters)- Whiting Petroleum Corp reported first - quarter profit
on Monday compared with a year - ago loss as the U.S.
oil producer benefited from higher
oil prices and
lower costs.
Markets across much of the country have softened, particularly in the energy - reliant Prairie provinces of Alberta and Saskatchewan, where
low oil prices are wreaking havoc
on regional economies.
«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.
NEW YORK, April 13 -
Oil prices extended recent gains and a gauge of global stocks eased
on Friday as concern over a broader conflict in Syria left investors nervous, while U.S. bank shares led Wall Street
lower.
Russia's stock market dipped
on Monday morning, dragged
lower by the prospect of fresh U.S. sanctions and
lower oil prices.
Consumer demand for cars was ready to rise
on low oil prices, and
lower raw material costs could also translate to
lower costs for GM.
Last year, funds that bet
on an
oil -
price recovery were hit as crude in June fell to $ 42.05, the
low for the year.
As the
oil sector becomes increasingly focused
on margins, Parex benefits from the
low costs in that country, without the market access problems that impose a discount
on crude
prices in Western Canada.
After a period of prolonged
low oil prices, many offshore drillers are focusing
on tying new wells in the Gulf of Mexico to existing infrastructure, rather than investing billions in new offshore platforms, he said.
On Thursday, again, the
price of
oil tumbled with the spot
price slipping below $ 75 a barrel; that's a four - year
low.
Tamar Essner, Nasdaq energy director, provides insight to efficient
oil production in the Permian Basin, and whether there is likely to be a
lower trading range for
oil as Saudi Arabia loses its grip
on prices.
The depressed
prices mean
lower prices for refiners and less pump pain for North American drivers, but it's hardly good news for Canada's
oil industry, which spent billions
on oilsands projects after world crude
prices had risen high enough to justify the investment.
With
oil prices now above the long - term average,
oil consumption is no longer getting a boost from
low prices and is increasingly reliant
on strong economic growth around the world.
That year, drillers packed into the Permian basin in western Texas, where the cost of producing
oil is
low but the
price tag
on land — and the companies who own it — has skyrocketed.
Oil briefly went below $ 40 a barrel
on Friday, its
lowest price since the financial crisis six years ago.
Oil service companies are getting hit because they are focusing their efforts on offshore drilling, an industry struggling due to low oil prices that can not justify conducting more typically lucrative deep - water drilling projec
Oil service companies are getting hit because they are focusing their efforts
on offshore drilling, an industry struggling due to
low oil prices that can not justify conducting more typically lucrative deep - water drilling projec
oil prices that can not justify conducting more typically lucrative deep - water drilling projects.
Oil prices slipped away from 2018 highs
on Thursday, with global benchmark Brent trading at $ 71.15 in early afternoon deals, down 0.8 percent, and WTI trading at $ 66.38, around 0.6 percent
lower.
On Hess and WPX Energy: «The solution for
low oil prices is
low oil prices.
HOUSTON, Feb 5 -
Oil prices settled
lower on Monday as rising U.S. output, a weaker physical market and recent dollar strength added to the pressure from a widespread decline across equities and commodities markets.
U.S. stocks are heading
lower this morning as
oil prices climb
on OPEC developments.
The company has also had to take big losses related to write - downs of the value of its
oil and gas assets, to reflect the
lower prices these energy commodities are garnering
on the open market.
Crude
oil prices hit new
lows earlier
on Friday, as everything continues to indicate that
oil producers are pumping relentlessly.
CNBC's Jackie DeAngelis reports
on factors pushing
oil and gas
prices lower.
And all of this is
on a background of
oil prices that have basically crashed since the summer, with both Brent and WTI crude
prices falling more than 30 % since June to multi-year
lows.
CNBC has conducted its second exclusive
oil survey to get the pulse
on pricing now that
oil prices have touched
lows.
Here, in part one of three, are my notes
on oil sands project viability in this new,
low -
price environment.