Sentences with phrase «oil crash forced»

Not exact matches

And then oil prices crashed, forcing Poloz to drop his already low benchmark interest rate another half point in 2015 to avoid another deep recession.

Foreign exchange has been an area of some concern for Saudi in recent months as the crash in the price of oil forced the country to expend its FX reserves to levels not seen in over three years, and draining the country's economy.

The oil price crash has forced oil and gas producers to decommission aging and unprofitable fields across the world.

What starts with an aborted suicide by John Ottway, a hunter of wolves for an oil refinery, becomes on one level a struggle for survival when the company plane on which he is traveling home crashes in the wastes of an Alaskan winter, and he his fellow survivors are forced to cope with freezing temperatures, no hope of rescue, and a pack of wolves that doesn't like them there.