Sentences with phrase «of oil prices»

These days, the biggest threat to the economy is the fallout of the collapse of oil prices.

The sector is also in a critical state where only innovative ideas can stop the alarming impact of the fall of oil prices on national income.

In order to understand the impact of the oil price crash on oil sands, you need to look at the implications for each of these categories.

While no one can predict the future of oil prices with certainty, there are explanations for the recent price decline consistent with an ongoing bull market.

The price rise is due to the rise of oil prices on world markets.

But an extended period of oil prices at recent levels is unlikely to lead to greater investment spending in the Canadian oil patch.

This and the partial recovery of oil prices into the mid - $ 60 per barrel range gave expensive oil another day to survive and fight.

What this means for the evolution of oil prices is very hard to say.

Still, the possibility of oil prices falling below US$ 20 a barrel, or even US$ 10 a barrel, as some once predicted, seems increasingly unlikely.

Two key long - term trends are threatening to keep the risks of an oil price hike here relatively high.

2010 - 2014 was the longest period in history — 33 months — of oil prices above $ 90 per barrel in real dollars (Figure 6).

His justification for the delay was that uncertainty on the future of oil prices made it difficult to plan his budget.

But analysts said the lack of a smoking gun took some of the heat out of oil prices.

The looming possibility of another oil price spike helps too, in addition to the underlying secular trend in oil demand and prices.

This creates a perfect storm of oil prices, hence 100 dollar oil.

The message from the central bank was that it could be «considerable time» before there is significant recovery from the collapse of oil prices that pushed the economy into a technical recession.

Additional supply has had an effect on pricing, though the effect of oil prices and the size of the energy sector within this market should not be forgotten.

The reality is that no one really knows the future of oil prices.

Predicting the direction of oil prices over the next 1 - 2 years is a fool's errand.

And it is these current levels of oil price near $ 100 / BBL that are forcing the US economy to reconfigure itself.

Government forecasters have underestimated the impact of the oil price decline on the Canadian economy, bank says.

We are seeing a genuine trepidation in Alberta, with employers concerned about the effect any change could have on the already turbulent provincial economy, which is the result of the oil price dropping at the end of 2014.

«The adverse impact of the oil price shock in Alberta and continued robust price growth in Toronto and Vancouver suggest a risk of correction in these markets.»

However, the arrival of Thatcher and Reagan to power in 1979 and 1980 resulted in a collapse of oil prices over a six year period, destroying the demand for low energy buildings and destroying the fledgling renewable energy industry.

Chevron (CVX) Because of the oil price crash over the last year, the great oil companies have all been negatively affected.

Baumeister, C. and L. Kilian (2016): «Forty years of oil price fluctuations: Why the price of oil may still surprise us,» Journal of Economic Perspectives, 30, 139 - 160.

Oil companies have slashed spending, scrapped new projects, slashed tens of thousands of jobs, renegotiated supply contracts and increased borrowing in order to weather the more than halving of oil prices since June 2014.

The recent stabilization of the oil price in the range of US $ 45 to $ 52 per barrel and the massive price rebasing in the oilfield services sector has begun to restore confidence in the sector evidenced by increases in deal activity.

Whilst the oil price may be low I suspect that tax revenues from oil production in particular far exceed subsidies (look at the tax on petrol and diesel) and most certainly will be even more so in the event of oil price increases.

Despite the high cost of the oil price crash, most residents of Fort McMurray, along with Canada's politicians, think that oil prices will rebound and things will turn around sooner or later.

The recovery has a lot to do with the firming up of oil prices and growth in the six Gulf Cooperation Council countries.

For the full year, Exxon reported profits of $ 19.71 billion, its highest annual earnings since the start of an oil price slide in 2014, when it earned $ 32.52 billion.

The world's top oil companies have struggled to cope with the halving of oil prices since June 2014.

That is because U.S. shale companies have been somewhat protected from the full vagaries of oil price swings up until now.

In and around Sitka, Miller can see the impact of oil price swings first - hand as he interacts with local hunters.

In fact economists now trace about 50 per cent of the oil price collapse to evaporating demand.

Moscow and Riyadh, backed by OPEC, are negotiating a deal that would allow them long - term control of oil prices.

The Loonie decoupled from oil on Friday, though, since the Loonie jumped ahead of oil prices, thanks to Canada's jobs report.

Over the last decade or so, when oil prices have been high, the ratio of the oil price to the natural gas price has been consistently higher than any of the standard rules of thumb.

(Bloomberg View)-- To understand the slow - motion trends in single - family housing, start by looking at the oil market: It took years of oil priced around $ 100 a barrel to spur the investments that drove higher production, leading to the current...

Even fundamentals such as the range of commodity prices are important, with many companies not considering a range of oil prices which covered the sustained lower levels seen since 2014 in the years preceding.

Before branching out on his own, he was one of legendary investor Julian Robertson's first so - called tiger cubs, responsible for some big market calls during the 1990s such as the collapse of oil prices after start of the Persian Gulf War and the plunge in the British pound.

The volatility of oil prices can negatively impact security, causing groups such as the Young Conservatives for Energy Reform to push for greater energy independence through renewable energy sources.

«That is a big concern... Because oil prices don't generate crises; the abrupt and unexpected rise of oil prices creates crises.»

At the beginning of the oil price crisis in 2014, Saudi Arabia started off with debt - to - GDP ratio close to zero.