Sentences with phrase «oil prices drop due»

Especially when corporate bond markets are a mess, municipal bonds are suffering under the weight of Puerto Rico's problem, Europe's continued woes, instability in the Middle East, a stalled out stock market and oil prices drop due to oversupply.

Not exact matches

The world's top oil and gas companies, including Exxon and Chevron, reported sharp drops in quarterly results last week due to lower oil prices and weaker refining margins.

Part of the problem is the bust that is going on in the junk market due to the drop in oil and gas loan prices.

Exxon is the largest U.S. oil company, but its stock is down more than 9 % since last summer due to the huge drop - off in worldwide oil prices.

Although much of the recent drop in oil prices has been due to the prospect of higher exports from Iran in the coming months (the International Energy Agency forecasts an extra 300,000 barrels a day by the end of March), the dumping of stored oil is essentially a short - term factor, and its influence on crude prices should logically pass quite quickly.

That's mostly due to ongoing decline of the value of oil, the international price of which dropped below $ 30 (US) per barrel last week.

The longer that the low oil prices last, the longer that very high prices will persist in future years due to the extreme drop in spending on current exploration.

Meanwhile, actual inflation is.8 % albeit due to oil price drops, nominal wages are stagnant, and workforce participation historically low, excluding demographic effects, masking recession level unemployment.

The opportunity arose, I argued, because it seemed to me that the oil environment was finally, in fact, ready to improve — oil stockpiles were finally dropping below 5 - year averages and declining steadily, and rig counts were due to decline as well, after so many months of sub-profitable oil prices.

The other component here is that fuel prices have been way down due to the precipitous drop in oil prices.

If the dollar strengthens (i.e. rises in value), it becomes more expensive to buy oil, so the price of oil will probably drop (due to lessened demand).

This is mainly due to two unforeseen events: the drop in iron ore prices and the sudden collapse of the oil price.

We believe the oil price outlook has brightened, due to an unexpected OPEC plan to cut production and surprisingly big drop in U.S. oil stockpiles.

Due to low oil prices production has steadily dropped, to around 960,000 barrels per day in September 2016.

It contracted in the first quarter of the year at an annualized rate of 0.6 per cent — in large part due to the steep drop in oil prices and the failure of other sectors to pick up the slack.

Business columnists highlighted a 6 % to 8 % drop in share price at MEG Energy, Trilogy and Cenovus, but they failed to mention that Suncor, Husky and Imperial dropped less than half that amount (about 3 %) and that all energy stocks were up by the close of business Friday due to higher crude prices and «a more positive sentiment for things oil - related these days.»

This recent global oil price drop is mostly due to slacking demand and the coincidence of U.S. shale output, not some infinite supply of tight oil that disproves the whole Peak Oil phenomenoil price drop is mostly due to slacking demand and the coincidence of U.S. shale output, not some infinite supply of tight oil that disproves the whole Peak Oil phenomenoil that disproves the whole Peak Oil phenomenOil phenomenon.

On the introduction of the N50 stamp duty charge, Emefiele explained that the decision was taken to support the government in its bid to generate more revenue due to the drop in oil prices, adding that the nation's external reserves currently stood at about $ 28bn.

The BoJ aims to meet its 2 % inflation target; reaching that target has been delayed due to weak consumer spending and the deflationary impact of the drop in oil prices.

ie as consumers are able to drop the cost of energy from their budgets through domestic solar and other, living standards will increase even as global oil prices steadily rise, and grid energy will increase in cost due to altered consumption patterns.

Due to the drop in oil prices, shares in broad oil / gas industry (FENY) have tumbled 29 percent over the last five years.

A recent report from real estate services firm CBRE on investment flows from the region noted an overall drop in spending on global real estate in 2016 and 2017, largely due to the price of oil remaining near $ 50 a barrel on average.