Sentences with phrase «oil price slump in»

We may be enjoying amazingly low prices at the gas pump, but as oil prices continuing to slide we must also remember the catastrophic events that have followed almost every drastic oil price slump in the past.

Fisheries has shown very little growth, while oil and gas was booming before oil prices slumped in 2014.

Not exact matches

While energy companies have been shutting down wells in response to the present oil price slump, there are still more job openings than job seekers in this field, according to Job Bank Canada.

It's hard to verify independently the claims of retail traders who say they have made good money this year, when worries about a slowing Chinese economy and the slumping oil price have wiped up to $ 8 trillion from world stock markets in January alone.

Commodity hedge funds have dwindled in recent years as oil prices slumped, leaving only a handful of larger players, including Hall, who ran the Astenbeck Capital Management fund until deciding to close it following losses this year.

The March increase was the largest year - over-year move since it hit 2.4 per cent in October 2014, just as the oil - price slump was getting underway.

Meanwhile, oil prices have recovered over the last two years from a slump in 2014 and 2015.

Harper and his ministers are unlikely to cease their Keystone advocacy in response to the veto — with oil prices in a slump, the government can afford to wait for a change of president.

Many of Shell and BG's big shareholders have voiced support for the deal but a slump in oil prices below $ 30 a barrel has raised concerns that Shell may be overpaying for the smaller rival.

Both Abu Dhabi and Dubai are encouraging the development of theme parks to help boost foreign tourist arrivals as oil prices slump, causing an economic slowdown in the region.

The Q&A article by Rabah Arezki discusses «Seven Questions on Rethinking the Oil Market in the Aftermath of the 2014 - 16 Price Slump.»

They cited «credible evidence» that Shell was paying a fair price, even in the current oil price slump.

Despite slumping commodities prices affecting its oil, gas, and mining businesses, FLR still managed a 21 % ROIC in 2015 and finished the year with a larger backlog than it had at the end of 2014.

Premier Prentice is understandably putting on a brave face by telling Albertans that the decline in oil prices is just a temporary slump.

All of that money is being translated into a sharp rise in drilling even as oil prices slump.

The Aramco investment comes as a relief for Petronas which has cut expenditures in the past year as oil prices have slumped from over $ 100 a barrel in 2014.

The deal will boost Aramco's downstream business ahead of a planned initial public offering next year and also bolsters Malaysia's state - controlled Petroliam Nasional Bhd - known as Petronas - after it cut spending because of the slump in oil prices.

It's a return to normal for Canada — Western provinces have outpaced central Canada in growth for much of the past 15 years until the oil price slump.

One small group thinks that lower for longer could end soon because U.S. shale can't keep a lid on prices forever and can't catch up with expected robust demand — all the more so that investments in conventional supply around the world have slumped since the oil prices started crashing.

Even as the energy companies look to savor the recent recovery in oil prices after a protracted slump, the U.S. presidential election is seen as posing the next big threat.

However, the Canadian Energy Research Institute has indicated that oil production in Canada is likely to scale up by about 600,000 barrels per day in 2017 and by another 200,000 next year, as a number of projects that were being developed prior to the oil - price slump are nearing completion.

Angola is Africa's second - largest oil producer behind Nigeria, and like its West African counterpart, where the slump in oil prices forced a reconsideration of its dependence on oil, Angola now faces the challenge of having to restructure its economy to reduce its vulnerability to oil shocks.

In addition, a widely used measure of future inflation based on US Treasury Inflation - Protected Securities, which had mirrored the slump in the price of oil and had fallen to its lowest level since the global financial crisis by early February, rebounded in line with the pickup in oil priceIn addition, a widely used measure of future inflation based on US Treasury Inflation - Protected Securities, which had mirrored the slump in the price of oil and had fallen to its lowest level since the global financial crisis by early February, rebounded in line with the pickup in oil pricein the price of oil and had fallen to its lowest level since the global financial crisis by early February, rebounded in line with the pickup in oil pricein line with the pickup in oil pricein oil prices.

Except for a 20 - day slump in March when North American crude was on the wrong side of US$ 50 for the first time since last year's OPEC supply cut decision, oil prices had seemingly stabilized at a new level.

The slump in oil prices has benefited other Middle Eastern countries, notably Lebanon and Jordan, which saw their fiscal positions improve, pushing inflation into negative territory.

Australian Stock Exchange — April 21, 2016 and May 4, 2016 The largest and the smallest oil & gas companies in the S&P / ASX 50 by market capitalisation, Woodside Petroleum and Santos, respectively, like about every other oil & gas company in the world been hit hard by the slump and continued volatility in oil prices.

Over the first six weeks of the year, the Dow Jones Industrial Average declined 10 %, as the prospect of interest rate hikes by the Federal Reserve, a slump in oil prices, and concerns about economic conditions in Europe and China caused the long - running bull market to stumble.

Petroliam Nasional Bhd., Malaysia's state oil company, announced management changes and plans to cut workers as it seeks to trim operating costs to cope with the worst price slump in a generation.

Petroliam Nasional Bhd., Malaysia's state oil company, announced management changes and plans to cut workers as it seeks to trim operating costs to cope with the worst price slump in Continue Reading

Revenue fell 1.3 percent to $ 31.68 billion, weighed by a 16 percent slump in its segment supplying equipment and services to oil and gas customers, which has been hurt by weak crude prices.

Kuwait plans to increase its crude production by 150,000 barrels a day by the third quarter of the year despite the current slump in oil prices, the managing director of Continue Reading

The oil sector is slipping into the red after years of fat profits as the steep slump in oil prices shows little sign of ending, with this quarter shaping up to be the worst since the downturn started.

Last week we saw a continued selloff in energy stocks and a slump in commodity prices, specifically oil.

The slump in oil prices exposed the weakness of our economy for even the blind to see.

This is projected to hit N3 trillion ($ 15 billion) due to heavy infrastructure spending at a time when the slump in global oil prices has slashed the country's export revenues.

Ghana was forced to turn to the IMF for a three - year $ 918m loan programme in 2015, after the nation, which began exporting oil seven years ago and produces large amounts of gold and cocoa, was hit by the slump in commodities prices.

He identified the slump in the international oil market price and oil theft in the Niger Delta as main reasons for projecting more revenues to fund the budget from the non-oil sector.

Five years on and production has risen by 2.7 million barrels per day to 93 mb / d, prices have recently slumped to around $ 100 a barrel and those who dismissed the idea that the rate we extract oil from the ground must inevitably decline jeer in delight.

Oil majors are facing hard times, too, with BP set to axe 4,000 jobs as the total of shelved oil investments breaches $ 400bn since the price slump began in late 20Oil majors are facing hard times, too, with BP set to axe 4,000 jobs as the total of shelved oil investments breaches $ 400bn since the price slump began in late 20oil investments breaches $ 400bn since the price slump began in late 2014.

This is particularly the case with the Nigerian economy, which has suffered greatly from a slump in oil prices.

In 2014, Madani and Capital Markets Ltd. accurately predicted the slowing of the Canadian housing market due to a slump in oil priceIn 2014, Madani and Capital Markets Ltd. accurately predicted the slowing of the Canadian housing market due to a slump in oil pricein oil prices.

While the slumping price of oil is bearing the brunt of the current volatility in the markets these days, there are other signs that indicate more widespread shifts in the credit cycle.

Stock prices have slumped since the beginning of this year, apparently on fears of slower growth in China and falling oil prices, which have dropped roughly 70 % from mid-2014.

In March, oil prices tend to slump before the summer, so even with the volatility, there could be a drop in the near futurIn March, oil prices tend to slump before the summer, so even with the volatility, there could be a drop in the near futurin the near future.

The managers were also stymied by sinking expectations for inflation amid a slump in oil prices.

Gyrating stock values, slumping oil prices, turmoil in foreign currency markets, predictions of slow growth or even deflation abroad... Suddenly, the outlook for the global economy and financial markets looks far different — and much dicier — than just a few months ago.

The slump in oil prices and energy markets over the past several years has also weighed on profits.

While Trump's stance on issues like the Keystone XL pipeline bodes well for the oil and gas industry, the risks posed by a U.S. - led slump in global trade would likely far outweigh the increased volumes of crude that would flow across the border into the Gulf of Mexico — especially at today's depressed prices.

The oil price interacts with the wider energy market in myriad and complex ways, and it may take some time for the full impact of the price slump to become clear.

In recent years, Tanzania has discovered natural gas reserves off its southern coast worth roughly 15 times its annual GDP, at least before the recent oil - price slump.