Sentences with phrase «of global oil prices»

Shortly after, the bottom dropped out of global oil prices, casting the Conservatives» rosy budgetary projections into peril.

At a confidence rating of 79, it's the country's lowest score since 2005 --» a combination of the global oil prices, the local economy, political scandals... the devaluation of the currency.»

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.

The Crown Prince wants to build on its recent success of winning back its influence of global oil prices.

With the collapse of global oil prices, the largest recyclers like Waste Management have reported sharp drops in recycling revenue and stagnated recycling rates across the country.

It's the first time the central bank has moved the overnight rate since September 2010 — a move the bank calls «insurance» against the potentially destructive effects of the global oil price collapse.

Not exact matches

«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 higher the oil price the Saudis (or OPEC) target and possibly reach, the more areas in the U.S. would be profitable to drill and add to the global oil supply, potentially wiping out the effect of the cuts and depressing oil prices again.

«This will be the most expensive driving season since 2014,» said Tom Kloza, global head of energy analysis for Oil Price Information Service.

In 2015, revenue for the 500 largest global corporations dropped 11.5 % to $ 27.6 trillion, owing to falling oil prices and in part by the surge in value of the U.S. dollar, which has stalled economic growth worldwide.

Unlike oil, gold and copper, for which prices are set in London and New York, iron ore is one of the few commodities whose global pricing takes its cue from China.

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.

«These (risks) include the possibility of a sharp tightening of global financial conditions, growing trade tensions, and geopolitical strains — while the outlook for oil prices remains subdued and highly uncertain,» the report said.

The long era of too much oil sloshing around the world and low prices is coming to an end, just as global events are heating up crude prices.

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.

«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.

A report from CIBC World Markets recently predicted the stock market might fall 10 % — 15 % this summer due to a confluence of factors, including a weak U.S. housing market, increasing fiscal strain, expensive oil prices, sluggish corporate earnings growth and disruptions in global supply chains stemming from the Japanese crisis.

Global oil prices plateaued around $ 45 (US) a barrel, crushing the dream of becoming an energy superpower.

With oil trading below $ 50 a barrel, economists are scrambling to determine the fallout of declining energy prices on the U.S. and global economies.

Geopolitical concerns: Considerable geopolitics always plays a role in oil pricing, especially when they involve conflicts — like those in the Gulf Region, where roughly 60 percent of global oil is produced.

Russia independently or in conjunction with allies Iran and Syria could flood global markets, thus dropping prices for not only themselves, but for those on the other side of the Syrian conflict, predominantly impacting Saudi Arabia and the US — the number two and three world oil producers, respectively.

The global economy has recovered strongly in recent months, but rising oil prices not only put the squeeze on fragile consumers, they also raise the spectre of inflation and fan the flames of political unrest.

Oil prices could spike as US shale growth falls short of global demand, Dallas Fed President Robert Kaplan says.

It also gradually phased out subsidies that kept retail fuel cheap, causing prices at the pump to climb by an average of nearly 25 % since 2014, even though global oil prices fell by as much as 75 % during that period.

«Trade wars, a recession, any notion of any weakness in global economies are going to cut into,» oil prices, Kloza said.

The Saudi - led Organization of Petroleum Exporting Countries (OPEC) will meet Thursday to work out a plan to cut global oil supplies and boost prices, but OPEC member Iran has an incentive and the power to screw the whole plan up.

High demand for diesel and home heating fuel in particular means refineries are willing to pay more for crude oil, said Tom Kloza, global head of energy analysis at Oil Price Information Servioil, said Tom Kloza, global head of energy analysis at Oil Price Information ServiOil Price Information Service.

World stock markets skidded further Wednesday as fresh declines in crude oil prices stoked fears for the health of the global economy.

Oil prices continued their months - long decline Monday, with the price of crude briefly falling below $ 50 per barrel for the first time in more than five years earlier in the session on account of global oversupply.

He is a Fellow at Columbia University's Center on Global Energy Policy and the author of the forthcoming book «Missing OPEC: The History and Future of Boom - Bust Oil Prices,» from Columbia University Press, 2016.

This trend has reversed in recent weeks, with larger discounts applied to global and Canadian heavy crude leading to bitumen prices remaining low while world oil prices have gained some of the lost ground.

Whether or not that happens — and frankly, it's an extreme example of the worst - case scenario for US shale producers — a glut of global oil inventories is already weighing on oil prices.

Russian markets, in recovery mode following a deep recession after the global oil price collapse in 2015, have been ravaged since Friday over fears of U.S. sanctions.

For more than a decade, the threat of terrorism has contributed to rising oil prices, global instability and insecurity in major financial centres — in other words, it's been a major drag on business.

The 2015 budget deficit had to be revised to 3.2 percent of GDP from 3 percent after crude oil prices plunged, but that's down from a high of 6.7 percent in 2009 during the Global Financial Crisis, Maybank noted.

Helima Croft, global head of commodity strategy at RBC Capital Markets, is wondering whether the price of oil goes to $ 26 on oversupply issues.

The Southeast Asian economy expanded 4.9 percent on - year over the April - June period amid uncertainties in global growth, persistent weakness in oil prices and the spreading of what is being called the country's worst - ever political crisis.

With high oil prices persistently poised to derail the global economy, with large economies like Germany and Japan swearing off nuclear in the wake of the Fukushima Daiichi disaster, with coal hampered by looming emissions caps, unexpectedly abundant gas seems poised to fill the energy void.

With regard to the Fed's observation on oil prices, Yellen said it is «one of the most important developments shaping the global outlook.»

«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.

The effect of terrorist attacks in 2001, overcapacity, followed later by a high oil price and the global financial crisis, all helped to push many big American carriers into financial difficulty.

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.

And there is no doubt that despite the scarcity of the resource, the price of oil will crash the next time the global economy sewers.

Now, global supply and demand has been better balanced and that «s pushing up the price of oil to the highest levels that we «ve seen since 2014, and that «s largely the culprit.

Canadian energy company shares are trading at levels not seen since the depths of the 2008 crisis, levels that can only be justified if the global economy falls into another recession and oil prices drop by half.

Of course, the more oil they pump into an already saturated global market, the worse it is for prices.

The 2008 - 2009 oil price collapse was part of an overall crash of the entire global economy.

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

At the root of today's problem is global demand that is no longer growing quickly enough to support the prices necessary to keep expanding expensive unconventional sources of supply like the oil sands.

Global oil prices, meanwhile, are quietly testing one - month highs ahead of next week's OPEC meeting in Vienna, where ministers from the cartel's members are widely expected to extend and agreement on production cuts into the first quarter of 2018.