Sentences with phrase «oil price crash»

You see, ever since oil prices crashed in the summer of 2014, there has been a huge sell - off in energy stocks.

I saw so many people move out when oil prices crashed and everyone left.

After oil prices crashed with the financial crisis of 2008, investors put 90 million barrels of crude into floating storage.

If not, the company could drill itself into another hole, as it did before oil prices crashed a few years ago.

Oil prices crashed in 2014 as supply increased and demand dropped.

Now, with oil prices crashing while the cost of production does not; with campaigners scoring victories from the Paris climate agreement to major institutional divestment from fossil fuels; and with increasingly viable competition from electrified transportation, efficiency and renewables — oil companies may be facing a unique confluence of uphill challenges.

For the first time since oil prices crashed, strong job growth has the Bank of Canada worried about inflation, meaning higher interest rates are coming

That fire began last year when global oil prices crashed by 40 percent and evaporated billions of investment capital in the tarsands.

The last time oil prices crashed in 2008, then Finance Minister Ron Liepert pledged to do the same.

Oil prices crashed because of too much supply, but will rebound as production shrinks and demand rises.

But Exxon knew it was investing not for one year or two, but 40 — time enough to expect several oil price crashes.

We asked battle - tested industry veterans how they survived past oil price crashes — and how today's leaders can persevere:

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.

This eye - catching graph pops out of a report published by Boston Consulting Group on January 21: it illustrates how the current oil price crash, while not (yet) the deepest in recent memory, is the longest - lasting — and counting.

First, oil prices crash fast and far enough that OPEC and some non-OPEC producers are spooked into emergency cuts.

Less than a year ago major shale firms were saying they needed oil above $ 60 a barrel to produce more; now some say they will settle for far less in deciding whether to crank up output after the worst oil price crash in a generation.

The last time this happened the unwinding of the large long position in 2014 sent oil prices crashing from $ 107 per barrel to a low of $ 26 per barrel.

Russia is doing quite well from its oil and natural resources (except for the recent oil price crash) and has no interest in using the wealth to annex and prop up former soviet states in eastern Europe (although they do want their port in Crimea).

Lawmakers started missing that lost money as oil prices crashed and state budget gaps widened.

We did well when oil prices crashed since many ETFs just lump refiners in with the general oil sector.

The plan has been largely phased out in recent years after oil prices crashed and Chavez's successor Nicolas Maduro fended off street protests and an economic crisis.

Energy has been a dampener ever since oil prices crashed.

In the midst of the global oil price crash in 2015, residents of the Canadian province of Alberta watched in disbelief.

If the idea was to discourage Chinese state - owned enterprises (SOEs) from buying more energy companies, it proved redundant when oil prices crashed in 2014.

It would be easy to pin the blame for the slump squarely on the oil patch, which has scaled back plans for big oil sands projects following the oil price crash that started in mid-2014.

Its deep roots in the energy sector hurt this regional bank when oil prices crashed, but it's finding innovative ways to boost business elsewhere

The continued fallout from the oil price crash might have something to do this, Holt notes.

Plus, the oil price crash and subsequent recession in Alberta drove customers to discount competitors.

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.

If we look at CNRL's operations at Horizon, we can get a good sense of the value of a pure play in this space — through the third quarter of 2014, before the oil price crash really took hold, the operating costs for synthetic crude oil production at Horizon were $ 38.31 per barrel.

GDP grew by 0.55 percent in the second quarter of the year, which, although a meager growth rate, was welcomed because it signaled Nigeria's exit from the recession that it plunged into due to the oil price crash.

Shares of energy companies are set to book their steepest monthly drop in August since the end of 2015, when the oil price crash was in full swing.

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

Before the oil price crash of 2014, governments were raising taxes, services companies were raising costs, and national oil companies were bidding for assets.

Photos of what could easily be mistaken for the set of The Walking Dead document how the Eagle Ford - related economy has suffered through the oil price crash.

The economic impact of the oil price crash is plainly seen across the counties in and around the Eagle Ford.

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.

Nikolaos Panigirtzoglou from JP Morgan says global consumers enjoyed a US$ 1.8 trillion annual windfall — worth 2.2 per cent of global GDP — when oil prices crashed.

I see Notley as trying her hardest to provide services through the oil price crash while at the same time setting the stage for a transition to renewables.

Canada's oil patch booked three consecutive years of hefty losses after the oil price crash in 2014.

World financial markets were rocked by the «Brexit» vote, with stock markets and oil prices crashing and the pound hitting its lowest level in three decades.

In the area of economy, this is a government that came when oil prices crashed, but as a result of various economic measures taken by this government, we are out of recession.

She said the Nigerian economy, including the banking sector, was facing various kinds of risks as a result of the challenges of high inflation, naira depreciation, oil price crash and decline in manufacturing output.

Once the global oil glut approached and oil prices crashed, it was clear trouble was in the horizon, but our leaders (not just the NPN leaders at the federal level, but opposition governors in the states too!)

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

Investors having bought stocks of Chevron, Exxon or Royal Dutch Shell during the «oil price crash» some years ago definitvely made some good deals.

I «d almost sold my Chevron stocks during the oil price crash, there was so much negativity around that company.

Energy has been a dampener ever since oil prices crashed.