Sentences with phrase «oil collapsed in»

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.

Not exact matches

A rebound in oil prices following the 2014 collapse of the crude market has somewhat curbed the need for such a large IPO, sources told the Wall Street Journal.

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.

The world's largest publicly - traded oil and gas company by market value has ridden out a collapse in crude prices better than most, its vertically - integrated model allowing downstream businesses to capture the value that upstream operations lose when oil prices are low.

The Bank of Canada said nothing in public about the possible merits of deficit spending as it twice cut its benchmark interest rate last year to offset the collapse of oil prices.

The collapse of oil prices wiped out profits and killed the incentive to expand in the oil patch, and economic growth of less than 2 % offers little incentive for non-energy companies to expand.

And while the deal is set to be reviewed in May, multiple OPEC energy ministers have endorsed retaining a relationship that could help prevent another destabilizing collapse in oil prices — like the one that began in mid-2014.

A year later, how are Canadian oil and gas companies responding to the collapse in crude oil prices?

He will also inherit a company that's struggling to regain ground amid a collapse in oil prices.

By contrast, economic growth in Canada contracted in the first half of the year and business investment — the most important factor in demand for imports — collapsed along with oil prices.

When the Bank of Canada cut interest rates in 2015 to offset the collapse of oil prices, it was worried about more than a blow to gross domestic product; it was also thinking about what mass firings in the oil patch could mean for the financial system.

That conclusion is based in part by the recent experience of Alberta, where home prices sunk after oil prices collapsed.

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.

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.

In recent years, investors have had to cope with plenty of uncertainty: three summers worth of the Greek default crises (2010, 2011, 2012); the US «fiscal cliff» in early 2013 and the government shutdown that October; the Ukraine - Russia conflicts; the collapse in oil prices; China's slowdown and currency devaluation; and now, BrexiIn recent years, investors have had to cope with plenty of uncertainty: three summers worth of the Greek default crises (2010, 2011, 2012); the US «fiscal cliff» in early 2013 and the government shutdown that October; the Ukraine - Russia conflicts; the collapse in oil prices; China's slowdown and currency devaluation; and now, Brexiin early 2013 and the government shutdown that October; the Ukraine - Russia conflicts; the collapse in oil prices; China's slowdown and currency devaluation; and now, Brexiin oil prices; China's slowdown and currency devaluation; and now, Brexit.

Anadarko (APC) had more than just collapsing oil prices to contend with in 2014.

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.

Terex's crane sales declined 7.5 % in 2014, falling most steeply in the latter half of the year — when oil prices were collapsing — and coming in below the company's own forecasts.

Just ask the investors who thought energy stocks were a screaming bargain in the fall of 2014 — just months before the oil price collapsed.

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.

Meanwhile, in recent months, multiple energy ministers have endorsed retaining a relationship that could help prevent another destabilizing collapse in oil prices, like the one in 2015 and 2016.

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.

Oklahoma has been a huge oil - producing state, and while drilling - heavy states have tended to do well in previous editions of our rankings, the collapse in oil prices and in active drilling rigs is starting to hurt.

The shipments are significantly higher than the current record of 179,000 barrels a day reached in September 2014 before oil prices collapsed.

To set the stage, Cramer took a look at two of the biggest beneficiaries to the collapse in oil prices — retail and restaurants.

Jason Kirby at Maclean's wrote about a fellow who foresaw the collapse of oil prices and now predicts future assessments of current data will show the U.S. was in a recession at the start of 2016.

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.

With the collapse of manufacturing many unemployed young workers migrated to Alberta, Saskatchewan, and Newfoundland for resource - extraction jobs, but employment growth in that sector has now largely evaporated with the falling price of oil.

The global collapse in commodities prices has forced oil and mining companies to cancel plans for aluminum smelters, copper mines, and new LNG projects.

And now, the world is assuming that the tertiary effects — the collapse of oil prices and crises in secondary exporters like South Korea — can be managed.

Carolyn Wilkins, the No. 2 at the Bank of Canada, told me in an interview that Canada's housing market is trifurcated, or like a triple - layer cake: Toronto and Vancouver; Calgary and other places affected by the collapse of oil prices; and everywhere else, where housing prices are flattening out.

Oil accounts for over 95 percent of Venezuela's export earnings, so the collapse has been acutely felt in the South American OPEC nation.

But being at war with your smaller neighbor can also be costly, especially if your belligerence attracts international criticism and economic sanctions, and coincides with a collapse in the value of oil, your key export commodity.

«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.

This scenario was part of our thinking at the beginning of last year, when Canada's economy was hit by the collapse in oil prices and we cut our policy interest rate.

The price collapse itself lasted for 5 years but oil prices remained below $ 90 per barrel in real dollars until 2007, almost 27 years.

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.

Oil price collapses in 1981 - 1986 and 2008 - 2009 are the only analogues for the present price situation (Figure 16).

Given the collapse in oil prices, and declines in some other key non-energy commodities, the economy is now operating on two distinct growth tracks: the resource track and the non-resource track.

The collapse of nuclear talks could mean sanctions are not in fact removed, putting off the eventual return of Iranian crude oil.

The collapse in oil prices has turned a once - enviable budget surplus into a monster $ 5 - billion deficit.

Despite the collapse of talks, oil market watchers said the lack of a «Doha deal» would be better in the long term and would mean that a rebalancing process of supply and demand can continue to its natural conclusion.

It included the Asian crisis, the Russian debt default and the collapse of LTCM, large falls and large rises in oil prices.

The US dollar survived the collapse of Bretton Woods in the «70s because its use in crude oil transactions made it the king of reserve currencies, but can it survive a collapse of petro dollars?

Total active rig counts bottomed at 404 during the height of the oil - price collapse in 2016.

«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.

Some big oil and gas companies have filed for bankruptcy protection this year in connection with the collapse in oil prices.

Canada has made up much of the ground it lost to the U.S. recovery after oil price collapsed in 2014, but there's still some way to go.

Even the Bank of Canada says the Canadian economy can no longer grow as fast as it used to because of the collapse in oil prices.