Sentences with phrase «oil collapsed from»

The price of oil collapsed from near $ 120 a barrel in June 2014 due to weak demand, a strong dollar and booming U.S. shale production.

Not exact matches

With oil, which is traded internationally, prices collapsed (mainly) because the Saudis have flooded the market with supply in an attempt to retake lost market share from U.S. producers — whom also drilled too many successful wells.

Like other major European airlines, the Franco - Dutch carrier benefited from low oil prices and strong travel demand last year, while the collapse of Monarch and Air Berlin has removed some competition from the market.

High - end residential property prices in Perth have weakened considerably since the iron ore construction boom ended and oil prices collapsed, although these two negative events are slowly slipping from the headlines and being replaced by positive changes.

«I'm really concerned that we're going to have a real collapse in Venezuela in oil production over the course of the next year,» which would in turn affect the government's ability to pay its debt, Rodriguez — who was head of the Venezuelan Congressional Budget Office from 2000 to 2004 — said at the AS / COA event.

They saw the damage that would come from the collapse of oil prices long before Bay Street did.

The reason the S&P 500's recent performance looks so good is that earnings cratered for six quarters (stretching from that peak in late 2014 to early 2016), thanks to a collapse in oil prices that pushed earnings for energy giants deeply into the red.

But when policy - makers studied the data, their models foretold a dark future from the collapse of oil prices.

«It is likely the economy was in recession in the first half of the year,» thanks to the damage from a collapse in oil and commodity prices that has persisted since 2014, senior economist Randall Bartlett said in a note to investors Monday.

With the oil and natural gas markets stabilized, at least for now, investors should begin considering which companies could emerge from the rubble of the oil price collapse to see their stock prices double or triple in the next few years.

A chart from oil giant BP's Statistical Review of World Energy 2014 report shows how the energy intensive sectors of the Chinese economy «virtually collapsed».

To begin with, the economic devastation to Texas from the collapsing price of oil is just beginning.

«Oil's price collapse is closing down high - cost production from Eagle Ford in Texas to Russia and the North Sea,» the IEA said in its monthly report.

Gross domestic product grew by 4.9 per cent in Alberta, with the oil - producing province recovering from two straight years of falling output following the collapse of oil prices.

Although the collapse in investment was as acute in Canada as it was in other advanced economies, Canadian business investment bounced back relatively quickly, as the oil and gas sector benefited from a sizable rebound in commodity prices (Chart 1).

Last year he became the richest man in Brazil, taking the title from oil and mining tycoon Eike Batista, whose empire has since collapsed.

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.

The timing is opportune for the sector, as it slowly emerges from the oil - price collapse.

The Dakota Access pipeline was designed to transport up to 570,000 barrels of oil daily from a Bakken oilfield that before the price collapse was heading to 2 million barrels of oil a day.

For an industry suffering from Post-Traumatic Stress Disorder (PTSD) almost 2.5 years after the oil price collapse, May 4 was a very long day.

Then the price of oil collapsed — from $ 115 in June 2014 to less than $ 30 just over a year later.

Alberta has a revenue problem and if we should have learned anything since the international price of oil collapsed in 2014, it is that we should not depend on royalty revenues from oil and gas to fund the day to day operations of our public services.

Crude oil prices have collapsed from $ 147 per barrel to around $ 40.

«Canada has never produced more oil, yet government revenues from the industry have collapsed.

«Our prompt intervention in agriculture was premised on need to swiftly rescue the nation from being collapsed due to her over-dependent on crude oil.

El Rufai emphasised the need for diversification of the country's resources, saying a impending collapse of oil prices is an avenue to shift the country's attention away from oil to developing other areas that can grow the economy.

In addition to his complaints, the NNPC Board Chairman asked the President to, among other things, save the NNPC and the oil industry from collapse arising from lack of transparency instituted by Baru.

President John Mahama has lauded workers of the Tema Oil Refinery for what he described as their «stellar performance» that has led to the revival of the company from collapse.

The MSCI World Index is up 14 percent from its mid-February lows, as stocks have shaken off fears of a global recession, an oil - price collapse and a Chinese currency devaluation.

I mean, if the share price of a company with substantial proved & probable oil reserves falls almost two thirds in a year (not to mention the collapse from its highs), what hope is there for the punter who falls for the real no - hopers?!

The four big banks lost a further $ 19bn in appraised value, and if you throw in another $ 25bn, or 31 %, lost by the ASX 200 Energy Index thanks to a collapsing oil price, a total of $ 128bn has been wiped from the big end of town.

Already earlier this year the Bank of Canada lowered the overnight rate — which directly impacts variable mortgage rates — once in January and another in July, both times in an effort to stimulate the economy and offset some of the impact from a collapse in oil prices that began November 2014.

The works in Disco Angola are all dated from 1974 or 1975, a pivotal moment in the history of global political economy: the Bretton Woods monetary regime had collapsed, the 1973 oil crisis was just abating, global markets were enduring the worst crash since the great Depression and the rapprochement between the US and the Soviet Union was breaking down.

Time collapses as past, present and future are represented in oil paintings that obey a non-linear chronology; they stand simultaneously as a visualising of the past, and as a perception of the present from an imagined future, where the natural and man - made retain a more balanced co-existence.

In his work, time collapses as past, present and future are represented in oil paintings that obey a non-linear chronology; often they stand simultaneously as a visualising of the past and as a perception of the present from an imagined future, where the natural and man - made retain a more balanced co-existence.

Events like these rise from natural and technological systems and even from humanity itself; for example, a tsunami half a planet large, a broken nuclear power plant or collapsed oil platform, or a terrorist attack such as the one that happened on 9/11.

The global economy is a house of cards, the oil cartel is milking profits from it in a brinkmanship game of keeping it just on the teetering edge of collapse, the U.S. is a key support pillar holding up all the rest of it, and here are you and your ilk trying to kick it down.

Climate Research Unit (CRU) History... From the late 1970s through to the collapse of oil prices in the late 1980s, CRU received a series of contracts from BP to provide data and advice concerning their exploration operations in the Arctic marginal sFrom the late 1970s through to the collapse of oil prices in the late 1980s, CRU received a series of contracts from BP to provide data and advice concerning their exploration operations in the Arctic marginal sfrom BP to provide data and advice concerning their exploration operations in the Arctic marginal seas.

From the article:... The collapsing oil price that is reshaping the global economy could derail the green energy revolution by making renewable power sources prohibitively bad value, experts have warned.

This past winter's near collapse of the grid in New England forced the media to describe how oil saved New England from blackouts.

In southeast Asia, a dramatic collapse in the price of palm oil (60 percent off its peak in March 2008) and rubber (down 54 percent from its high in July 2008) is causing a shake - out in the plantation sector, which has become one of the leading drivers of deforestation in the region.

But the good news for tropical forests was tempered by developments including Indonesia announcing its intentions to open up more than 2 million hectares of carbon - dense peatlands to old palm development; the collapse in law enforcement in Madagascar, contributing to an explosion of commercial timber (and lemur) harvesting in that country's spectacular rainforest parks; a breakdown at the RSPO meeting over efforts to reduce greenhouse gas emissions from palm oil production; violent conflict in Peru between government security forces and indigenous groups over land rights and resource extraction; massive foreign land acquisitions in the Congo Basin; dodgy REDD dealings in Indonesia and Papua New Guinea; and large - scale expansion of oil palm agriculture in the Amazon.

According to several news reports (for example, by the Times Picayune, Sept. 9), the Associated Press collected raw data from state regulatory agencies and other sources and performed an analysis which revealed that more than 30 fuel and chemical storage tanks at facilities in the region collapsed or otherwise failed during Hurricane Harvey, releasing more than 600,000 gallons of crude oil, gasoline, and other fuels and chemicals.

However, many prominent environmental activists are also quick to cite the «failures» of Obama's first term, including, in their estimation, the collapse of the 2009 cap - and - trade bill in the U.S. Senate and the ongoing review (instead of cancellation) of the Keystone XL oil pipeline from Canada.

I have stayed away from many debates, but surely the pro-nuclear excessive extremism «civilisation - will - collapse - without - nuclear» expressed on the earlier thread, and the notion of «sufficient safety» seem to underlay exactly the same sort of mentality used by the tobacco lobby and BP oil - rig engineers.

Represented Russian entity in connection with global investigations and litigation arising from collapse of Yukos Oil following the arrest of Mikhail Khodorkovsky.

Willkie Farr & Gallagher, Simmons & Simmons, Pinsent Masons and Locke Lord have taken roles on civil and criminal claims stemming from the collapse of FTSE 250 oil company Afren, as the UK's Serious Fraud Office (SFO) announces charges against two of its executives.

«If you think there might be significant biases embedded in emails sent among employees of Texas oil - and - gas company that collapsed under federal investigation for fraud stemming from systemic, institutionalized unethical culture, you'd be right.»