Sentences with phrase «oil prices dropped on»

CNBC's Jackie DeAngelis reports oil prices dropping on Iran planning to increase output to pre-sanction levels and the Saudis saying they won't freeze unless Iran does.

The impact of the oil price drop on the exchange has been very clear, with the loonie falling below US70 cents in recent days.

Not exact matches

NEW YORK, April 23 - Global benchmark Brent crude turned positive on Monday, after dropping earlier after Iran's oil minister said OPEC would not extend its production cap pact if high crude oil prices continued.

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 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 Exchange.

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.

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.

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 consumer.

He said everything from oil to metals to lean hog prices are dropping as weaker growth globally weighs on demand.

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.

U.S. stocks have opened the first full week of 2015 with a steep decline, with the Dow Jones industrial average dropping 331 points, as falling oil prices weighed on the energy sector.

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.

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.

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.

The energy sector fell 1.1 percent on the back of a more than 1 percent drop in crude oil prices as the dollar remained near a four - month high.

The oil market initially reacted negatively to the news, with prices dropping on the build in crude and gasoline.

Poloz's bold and unexpected move to cut rates this year — not once, but twice — has been credited for dampening the impact of the sharp drop in global oil prices on the Canadian economy.

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.

If news breaks that a deal is in hand, oil prices will sink on the expectation of this future volume, potentially dropping by $ 5 to $ 10 per barrel.

Oil prices rose on a drop in supply of 1.1 million barrels, with West Texas Intermediate futures jumping to $ 68.47 per barrel, a three - year high.

Commodities - paced by US sanctions on Russia's Rusal and Saudi Arabia's push for higher oil prices - have almost recovered from their February drop.

Also 1998 came on the heals of a historic drop in oil prices.

Bakersfield relies heavily on the oil industry, which has been hit by the drop in oil prices, reported the Los Angeles Times in early 2016.

The current cyclical correction in oil prices might be challenging, but there's a far bigger shoe yet to drop on the country's oil - fueled dreams.

With the price of oil dropping lately, and sending all the major oil stocks down with it (anyone else see the crazy swings on oil stock prices on Black Friday?)

Crude oil prices are taking a step back on Monday as an increase in rig counts and a drop - in supply in Cushing, Okla., and a perceived drop in Geo - political risk premium are causing traders to take a step back.

For example, Overseas Shipholding Group (equity ticker OSG) is a deeply junk rated oil tanker company that has seen its bonds drop from trading around par (par means 100 cents on the dollar when comparing the market price to the face amount of the bonds) to distressed levels between 60 and 70 cents on the dollar.

Therefore, other than a drop in oil prices, the only way they'll cut back is if shareholders demand that they do by turning up the heat on capital returns.

The drop in the international price of oil exposed a large cleavage in the government's finances as past governments became too comfortable and over reliant on these unstable resource revenues to fund the province's operations budget.

Domestically, he moved forward on introducing land and labour reforms, and with the drop in crude oil prices, he has been able to reduce fuel subsidies.

Canadian producers battered by the dramatic oil price drop that began in 2014 will likely be keen to take up space on the new pipeline, if it goes ahead, he said.

Much of the blame can be placed on the drop in oil prices, which have fallen 30 per cent since the end of 2014.

Since most of these companies book their revenue on volume rather than commodity prices, the drop in oil prices hasn't been catastrophic.

We also anticipated gains on the demand side from a 50 % drop in the price of oil and less fiscal austerity from the likes of Japan, Europe, China and India.

The spike in oil prices that corresponded with Israel's Prime Minister speech (and the following drop following the news) revealed that there is clearly more room for oil prices to rise depending on Trump's decision.

While we believe that temporary factors have amplified the drop in services inflation, the ECB will likely worry about potential second - round effects of lower oil prices and currency appreciation on the price of some other (non-energy) goods and services, including on Non-Energy Industrial Goods inflation which fell sharply, from 0.7 % to 0.3 % in February.

I don't think his hair looks plasticky, though I do think that the U.S. would see a 57 cent drop in the price of gas if someone put an oil rig on top of that.

Already Buhari has started giving excuses for the abysmal performance.He attributed the quagmire to drop in the price of oil globally and cleverly laid the blame on the doorsteps of all Nigerian accusing them of relying solely on oil.All renowned rating agencies including fitch continue to downgrade Nigeria ever since Buhari took over and it is projected that Nigeria will not be able to repay its debt obligations.Fitch for instance downgraded Nigeria's longterm foreign currency issuer default rating to B + from BB - and longterm local currency IDR to BB - from BB.The general position expressed by almost all the Briton wood institutions is that Nigeria's fiscal and external vulnerability has worsened under Buhari and it is projected that the government's general fiscal deficit could grow up to 4.2 % by the end of 2016 after averaging 1.5 % under the previous regime.A recent capital importation report by Nigeria Bureau of Statistics confirms that, last year, the country recorded total inflow of capital into the economy stood at $ 9.6 billion which was a 53 % drop from previous year and the lowest recorded total since 2011.

He, however, called on people of the state to make sacrifices, saying nobody should be blamed for the sharp drop in oil price which has brought untold hardship on the state.

But reacting to the fare hikes in an interview with Accra News on Wednesday April 5, Mr Boateng said: «This is a disappointment to Ghanaians because we thought there was no need, following the drop in the prices of crude oil.

«To the point where competition among the Oil Marketing Companies remains high, market price for both Brent crude and refined oil dropping in average price terms, added to the appreciation of the Cedi against the U.S. dollar, and increasing national fuel stock; the Institute for Energy Security (IES) believe that there is enough positive momentum and fundamental justification to move the prices of Petrol and Diesel lower on the local market,» IES said in a release signed by Gilbert Richmond Rockson, Principal Research AnalyOil Marketing Companies remains high, market price for both Brent crude and refined oil dropping in average price terms, added to the appreciation of the Cedi against the U.S. dollar, and increasing national fuel stock; the Institute for Energy Security (IES) believe that there is enough positive momentum and fundamental justification to move the prices of Petrol and Diesel lower on the local market,» IES said in a release signed by Gilbert Richmond Rockson, Principal Research Analyoil dropping in average price terms, added to the appreciation of the Cedi against the U.S. dollar, and increasing national fuel stock; the Institute for Energy Security (IES) believe that there is enough positive momentum and fundamental justification to move the prices of Petrol and Diesel lower on the local market,» IES said in a release signed by Gilbert Richmond Rockson, Principal Research Analyst.

During the first «Pricing window» for the month of June 2016, Oil Marketing Companies (OMCs) increased their prices by an average of 2 % which IES contested, resulting in a sharp response by Goil of some 0.79 % drop on a litre of petrol.

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 chief secretary to the Treasury says he will put pressure on oil companies to pass on more of the oil price drop to consumers at the pumps

If oil prices remain high and governments make progress on their emissions goals, there's a possibility that the world has already hit peak oil, and that the next few years will see its use plateau for a while before dropping again.