Sentences with phrase «oil prices dropped in»

It ended disastrously because his government allowed Big Oil to make the government the scapegoat when oil prices dropped in response to global market forces.

In «Why did oil prices drop in 2014» published here in February, I offered my take on the impact it would have on our real estate market.

Not exact matches

In 2015, revenue for the 500 largest global corporations dropped 11.5 % to $ 27.6 trillion, owing to falling oil prices and in part by the surge in value of the U.S. dollar, which has stalled economic growth worldwidIn 2015, revenue for the 500 largest global corporations dropped 11.5 % to $ 27.6 trillion, owing to falling oil prices and in part by the surge in value of the U.S. dollar, which has stalled economic growth worldwidin part by the surge in value of the U.S. dollar, which has stalled economic growth worldwidin value of the U.S. dollar, which has stalled economic growth worldwide.

After the price drop, the oil companies scaled back operations in the Bakken area, and the demand for hotel rooms plummeted.

However, there is considerable uncertainty about the speed with which this sequence will evolve and how it will be affected by the drop in oil prices.

The international price of oil had dropped an additional US$ 20 per barrel since the Bank of Canada's last economic outlook in October.

Notley achieved one of the most surprising electoral wins in Canadian history and one of the most profound for the progressive movement, but it came just as oil was reaching terminal price - drop velocity, shoaling the Alberta revenue tanker.

The region in recent years has seen investor sentiment rattled by developments such as the drop in oil prices, the war in Syria and a sudden corruption purge from Riyadh.

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.

In response to a question about whether a rate cut amounted to pouring gasoline on the overheated housing market, Poloz said «We admit that these conditions are likely to cause financial imbalances,» in some cases, but that the Bank's primary goal is to ameliorate the «financial shock» to the economy caused by the drop in oil priceIn response to a question about whether a rate cut amounted to pouring gasoline on the overheated housing market, Poloz said «We admit that these conditions are likely to cause financial imbalances,» in some cases, but that the Bank's primary goal is to ameliorate the «financial shock» to the economy caused by the drop in oil pricein some cases, but that the Bank's primary goal is to ameliorate the «financial shock» to the economy caused by the drop in oil pricein oil prices.

In the oil markets, prices dropped back from $ 90 amid some profit - taking — benchmark oil for October delivery was down $ 1.03 to $ 89.18 per barrel in electronic trading on the New York Mercantile ExchangIn the oil markets, prices dropped back from $ 90 amid some profit - taking — benchmark oil for October delivery was down $ 1.03 to $ 89.18 per barrel in electronic trading on the New York Mercantile Exchangin electronic trading on the New York Mercantile Exchange.

How much do airlines stand to gain from a drop in oil prices?

For TransCanada, the financial imperative to build Keystone may have fallen off recently amid a sharp drop in oil prices that could make extracting and transporting the product much less lucrative.

Oil prices rebounded on Monday morning after dropping as much as 3 percent in the previous session.

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.

But as we know, oil prices and Canada's overall economy will have a strong impact on the city's growth in the future, and the possible effects of the oil price drop were not factored into our calculations.

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.

Demand for oil is expected to drop in 2017, the International Energy Agency said in a report on Wednesday, raising further problems for producers as they try to ramp up prices.

The price of oil dropped Tuesday after a big jump a day earlier over jitters that Russia's military advance into Ukraine could result in economic sanctions against one of the world's major energy suppliers.

Suncor is Alberta's biggest company by assets, but a near 50 % drop in oil prices in 2015 hit the company hard.

The far - reaching consequences of the recent drop in oil prices have been a testimony to just how central crude is in American life: With cheap gasoline bringing more drivers onto the road, traffic deaths were up nearly 10 percent in the first nine months of 2015.

«They may really just be chasing the temporary drop in world oil prices.

For all the defiance, pressure on the Russian economy is slowly mounting under the combined influence of sanctions and, more importantly in the short term, the sharp drop in the price of oil, its main export.

In the commodities space, oil prices are headed for their eighth consecutive week of falls on Friday, the longest losing streak since 1986, according to Reuters, after the news of a sharp drop in Chinese manufacturing increased worries over the health of the world's biggest energy consumeIn the commodities space, oil prices are headed for their eighth consecutive week of falls on Friday, the longest losing streak since 1986, according to Reuters, after the news of a sharp drop in Chinese manufacturing increased worries over the health of the world's biggest energy consumein Chinese manufacturing increased worries over the health of the world's biggest energy consumer.

The recent drop in oil prices has Todd Hirsch, ATB Financial's chief economist, predicting a mild recession for Alberta this year and a sluggish recovery next year after forecasting in June that the province would avoid such an economic decline.

Programmed Maintenance Services has returned an annual net loss as a result of lower demand for marine services following the steep drop in oil and gas prices.

That's a sharp decline in two quarters, in large part attributable to the drop in oil prices, the effects of which are still working their way through company balance sheets.

Russia independently or in conjunction with allies Iran and Syria could flood global markets, thus dropping prices for not only themselves, but for those on the other side of the Syrian conflict, predominantly impacting Saudi Arabia and the US — the number two and three world oil producers, respectively.

And since the ranking draws on 2014 data, it doesn't account for last year's precipitous drop in oil prices, which may in future drag down compensation for energy sector bosses, who are well - represented on this list.

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.

The steep drop in the price of oil in the last month has become a major concern for traders.

With nearly half of all American families seeing one fifth of their spending go to oil, gas, and gasoline, a sustained drop in prices means an immediate and significant stimulus.

With the recent drop in commodity prices, especially for West Texas Intermediate crude oil, consumers are poised to win big - time while many in the financial markets are seeing a stream of losses.

In 2014, the mining and crude oil production company with headquarters in Irving, Tex., did just that, with a $ 1.8 billion boost that brought their profits to $ 930 million, all while oil prices has dropped to historic lowIn 2014, the mining and crude oil production company with headquarters in Irving, Tex., did just that, with a $ 1.8 billion boost that brought their profits to $ 930 million, all while oil prices has dropped to historic lowin Irving, Tex., did just that, with a $ 1.8 billion boost that brought their profits to $ 930 million, all while oil prices has dropped to historic lows.

Those families who have benefited the least from the big increase in stock prices over the last few years have the most to gain, proportionately, from the drop in oil and gas prices.

He had been anticipating a drop in oil prices, for example, but rather than play oil producers (which Canadian investors already hold a lot of), he decided to focus on the energy transportation sector.

Oil and gas stocks dropped on U.S. crude stocks data which led to a fall in oil pricOil and gas stocks dropped on U.S. crude stocks data which led to a fall in oil pricoil prices.

Those closures, affecting a major U.S. oil refining hotspot, are pushing up the prices of energy products like gasoline and heating oil as investors anticipate a drop in supply.

The global drop in oil prices, while terrible for Wall Street upon first blush, has yielded a decrease in gasoline prices that may act as a massive tax cut for those who have reaped very few benefits from the economic recovery.

The global drop in oil prices, while terrible for Wall Street upon first blush, has yielded a commensurate decrease in gasoline prices that may act as a massive tax cut for the very people who have, so far, reaped very few benefits from the economic recovery.

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.

The Australian share market has closed 1.6 per cent lower, as a sharp drop in oil prices pulled back energy stocks, and resources stocks weakened.

There are any number of theories explaining the sudden drop in crude oil prices after two years of stability: America's increasing supply, the world's faltering demand, an undeclared price war being waged by Saudi Arabia, the rising U.S. dollar.

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.

Seadrill was forced to seek bankruptcy court protection from creditors after a sharp drop in oil prices in 2014 cut oil firms» appetite for exploration, pushing rates for rigs down and leaving many idle.

The decline in copper prices and even sharper drop in oil prices led the Phoenix - based firm to take big losses in the final quarter of 2014.

Prince Muhammad bin Salman's introduction of social and economic reforms in Saudi Arabia, under the Vision 2030 banner, aims to diversify a dipped local economy following a drop in oil prices.

Oil prices showed no sign of fading though, having added as much as 3 % on Wednesday after a third surprise weekly drop in U.S. crude stockpiles boosted the demand outlook in the world's largest oil consumOil prices showed no sign of fading though, having added as much as 3 % on Wednesday after a third surprise weekly drop in U.S. crude stockpiles boosted the demand outlook in the world's largest oil consumoil consumer.

Prices for major commodity exports crude oil and palm oil have dropped sharply and its currency, the ringgit, is trading close to its lowest levels since the Asian financial crisis in the late 1990s.

The price drop is an unexpected turn of events for an industry that for decades has operated under the assumption of Peak Oil — geophysicist M. King Hubbert's theory, first proposed in 1956, that the United States» then soaring oil production would peak and begin to decline around 19Oil — geophysicist M. King Hubbert's theory, first proposed in 1956, that the United States» then soaring oil production would peak and begin to decline around 19oil production would peak and begin to decline around 1970.