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.
Sure, these tar sands assets were stranded
because of low oil prices, and the infrastructure built to extract tar sands could be turned back on anytime, but that seems very unlikely.
These two case histories simply suggest is that the present
period of low oil prices is more similar to that of the 1980s and 1990s than to that of the 2008 - 2009 period.
Global airline stocks are currently soaring as a
result of low oil prices, increased seat capacity and more fuel - efficient aircraft.
So our instinct is that it's not time to dive into the water completely, but it is time to take
advantage of low oil prices and gas 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.
That would give the company an even more dominant position in the pits north of Fort McMurray, which even some Calgary financiers consider a sunset industry in
light of low oil prices and international pressure to reduce carbon dioxide emissions.
And cheaper gas at the pumps,
courtesy of lower oil prices, will come as a form of fiscal stimulus for consumers in both the U.S. and Canada, leaving more money in their pockets to spend on other things.
Russian banks are under pressure because of the deep economic crisis that began in 2014, which was fueled by a double
whammy of low oil prices and sanctions.
Changes in power costs due to falling oil prices, meanwhile, can vary considerably by market and region, and, in many markets, gasoline prices are so inflated by taxation that the impact
of lower oil prices for consumers is considerably dampened.
Growth is being supported by accommodative monetary policy and the positive effects
of low oil prices in a number of economies.
But now Papa said the the best days are behind some of those fields after a period
of low oil prices prompted drillers to train their rigs on their best acreage and deplete the most cost - efficient production.
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.
The force of sanctions meant the Islamic Republic had to adapt to the
reality of lower oil prices much earlier than other oil exporters.
Japan's Energy Security in the
Age of Low Oil Prices Shoichi Itoh Institute of Energy Economics, Japan (IEEJ)
Saudi Arabia and its Gulf allies are all grappling with crumbling economies and shorted national budgets under the
weight of low oil prices and currently unachievable break - even points.
While it's encouraging to see lithium carbonate and hydroxide prices spiraling upwards, the oligopolistic market structure ensures that only the established players like SQM (SQM: NYSE), Albemarle (ALB: NYSE), and FMC (FMC: NYSE) should see margin expansion from higher prices as their fixed cost structures are in place and variable costs are falling due to a
mixture of lower oil prices and currency depreciation.
GCC economies are still a relative haven for foreign investors and a favored destination for direct investment, despite the
drag of low oil prices.
Even still, given Angola's overreliance on one single sector, these measures are proving insufficient in the current
context of low oil prices.
«Since the onset of the Arab Spring uprisings in 2010, instability has been exacerbated by fiscal
stresses of low oil prices, the rise in tension between Sunni and Shia Muslim - dominated regions and the attendant proxy wars in Syria, Iraq, Yemen and Libya, crumbling stability in Venezuela and a breakdown in relations among Gulf oil sheikhdoms.
«Other sectors of the economy have allowed for diversity so we can better weather the
storm of low oil prices,» says Little.
Industrial goods manufactuer Precision Castparts saw its stock tank this year
because of low oil prices, Fortune's Geoff Colvin reported.
OPEC hopes to regain market share from expensive unconventional oil and renewable energy, and to renew demand for oil through several
years of low oil prices.
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.
Similarly, the deciding factor in whether and how much oilsands production continues to grow may not be battles over Keystone XL and Northern Gateway so much as a protracted
period of low oil prices, the decline in the cost of renewable energy or the adoption of low - carbon policies by governments worldwide.
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.
Rougher waters ahead in 2015 «We expect 2015 to be a challenging year in
light of lower oil prices but we have built our business and our balance sheet to capitalize on this type of market environment.
Canada's economy is sluggish as a
result of low oil prices, and hopes are high that exporters can step up, expand and juice growth.
The net
benefits of lower oil prices and currency depreciation coupled with an already evident US rebound may not have been given enough time to lift GDP growth in other regions of the country.
And cheaper gas at the pumps,
courtesy of lower oil prices, will come as a form of fiscal stimulus for consumers in both the U.S. and Canada, leaving more money in their pockets to spend on other things.
The government says the fiscal downgrades are largely due to the
combination of lower oil prices and weaker - than - expected growth in the United States and world economies.
Phrases with «of low oil prices»