Sentences with phrase «plunge in crude prices»

The plunge in crude prices all but killed profits at China's top energy producer and its largest oil refiner.

Chevron Corp, the second - largest U.S. - based oil producer, slashed its 2016 capital budget by 25 percent and said it would lay off roughly 10 percent of its workforce, one of the most - drastic reactions to date to the plunge in crude prices CLc1.

They were the first to see that the plunge in crude prices last year heralded serious trouble — hence the January interest - rate cut.

Not exact matches

Running for the Progressive Conservatives, he won a seat in 1986 and was appointed employment minister just as the price of crude plunged and the unemployment rate spiked to 10.4 %.

The 2015 budget deficit had to be revised to 3.2 percent of GDP from 3 percent after crude oil prices plunged, but that's down from a high of 6.7 percent in 2009 during the Global Financial Crisis, Maybank noted.

They believe that plunging crude prices could easily offset any rise in CAD caused by surge in gold imports.

Angola's crude exports fall to lowest since at least 2008 OPEC disruptions could send prices above $ 80 a barrel: BofAML While plunging output in Venezuela captures the oil world's attention, Continue Reading

* Market expects U.S. to re-impose sanctions against Iran * Plunging Venezuelan output further tightens markets * But soaring U.S. crude production holds back marketBy Henning GloysteinSINGAPORE, April 26 (Reuters)- Oil prices rose on Thursday, lifted by concerns over supply disruptions in Venezuela and theMiddle East as well as by strong demand.Brent crude oil futures were at 74.44 per barrel at0105 GMT, up 44 cents, or 0.6 percent, from their last close.U.S.

After years of declining output, major oil companies have ramped up crude production this year, just as they are being battered by a plunge in prices due to already excessive supplies.

Crude oil prices may be plunging, but gas prices here in the Great Gouged North are still as pricey as ever.

The TSX energy sector fell 6.5 per cent Monday in addition to a five per cent plunge last week as the price of crude settled at a five - year low.

Front - month West Texas Intermediate crude oil futures were priced at over $ 100 per barrel in June 2014 and had plunged to less than $ 35 per barrel by March 2016.

Rents for apartments in the area have plunged after a slide in crude oil prices.

Nomura Holdings Inc. estimates that $ 16 billion in property debt that has been sold to investors as securities is vulnerable to default after crude prices plunged, posing risks for the economies of U.S. cities and towns built around the boom.»