Sentences with phrase «price of oil resulted»

The Canadian economy is heavily dependent on oil exports and the falling price of oil resulted in a big move away from the Canadian dollar.

Not exact matches

With operating net profit — or profits before taxes and interest — up by 30 percent to 978 million euros, Eni CEO Claudio Descalzi said that Eni's results were «over and above the rising price of oil.»

The decreases are largely the result of the oil glut and all - time lows for crude prices — last year, mining, oil producers, and metal companies lost a combined $ 70 billion on $ 1.3 trillion in revenue.

The oil - price crash, of course, was the result of an oil glut.

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.

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.

If the oil majors were to attempt to be more disciplined this time around, the resulting rise in prices would simply accelerate the development of alternative sources of supply, as well as curbing demand growth.

Failure of prices to recover raises the prospect of even deeper cuts to investment by oil and gas companies next year and would likely result in Canada's economy remaining on a slower growth path than the 2.2 per cent pace we are expecting.»

Canada's economy is sluggish as a result of low oil prices, and hopes are high that exporters can step up, expand and juice growth.

CNBC's Jackie DeAngelis reports the latest CNBC poll results of analyst and traders on where they think oil prices and production are likely headed.

Gary Kelly, Southwest Airlines chairman, president & CEO, breaks down his company's quarterly results and the impact of lower oil prices on jet fuel costs.

The most precipitous real estate crashes in Canada in the past 30 years — Calgary during the 1980s oil bust and Toronto in the early 1990s recession — resulted in losses of 25 % to 28 % in the average price of a house.

Russell told CNBC that the depreciation of the Malaysian currency has more than offset the benefits that cheaper oil have on the price of fertilizers, resulting in higher input costs for the tea grower.

The crudest version of this story says that Ottawa should increase spending as a direct response to the fall in oil prices and the resulting depreciation of the Canadian dollar.

The additive effects of a supply deficit, economic uncertainty and geopolitical risk resulted in high oil prices.

Armed with such results, Shell and Total are in payback mood to investors, buying back shares after diluting stakes with scrip dividends - consisting of shares rather than cash - introduced after the price crash which sent oil prices as low as $ 28 a barrel.

As a result of the decline in both oil and natural gas prices since 2014, the domestic energy industry is experiencing duress not seen since the early 1980s.

Ben Luckock is in fact so bullish that he forecast demand could exceed supply of crude oil by 2 - 4 million bpd by the end of 2019 because of the US$ 1 - trillion in spending plans that never saw the light of day as a result of the 2014 price crash.

I think there is a substantial commercial and economic opportunity both in the construction of the pipeline and in the advantages of lower priced oil that would result from the pipeline for the United States and for Canada.

We think that can be traced partly to investors focusing on oil prices and the resulting moderate slowdown in business of late.

LONDON (Reuters)- Saudi Arabia's financial position has stabilised as a result of the increase in oil prices as well as efforts to raise non-oil revenues and trim government spending.

Specifically, lower oil prices have resulted in marginally less activity at some of the domestic shale oil fields.

As the country's oil - dominated trade flows have tied the value of the Loonie to triple - digit world oil prices, the resulting strength of the currency has turned into a curse for exporters in general and Ontario's factories in particular.

On the weekend, Bank of Canada governor Stephen Poloz told a group of reporters that about 90 per cent of the oil price was the result of the «financialization» of energy markets.

Biofuels don't help, but biofuels are the result of high oil prices, which are the result of poor incentives to bring oil up (both because of low yielding U.S. assets and political resentment over U.S. foreign policy).

So, Canadians are both paying higher gas prices as a result of higher world oil prices and getting less for their oil production as a result of the depressed regional oil prices in the Midwest.

But now as a result of the sanctions and dropping oil prices, Russia faces a dismally flat 0.5 percent.

Today, Russia is similarly hemorrhaging capital as a result of international sanctions and crashing oil prices, prompted by both the American shale oil boom and OPEC's inaction in stabilizing the commodity at last month's meeting.

That might be due to concerns about Southwestern's financial struggles over the past several years as the result of its decision to finance a major acquisition with debt, or it could simply be bad timing amid falling oil prices.

While the oil bust hurt their near term financial results, it also gave them an opportunity to execute on their acquisition strategy during a period of greatly reduced prices for target companies.

Although past performance is no guarantee of future results, the chart below, which takes into account 30, 15 and five years» worth of seasonal data for oil prices, illustrates Brian's point.

In addition, our provision for credit losses (PCL) ratio of 0.29 % was up 5 basis points (bps) primarily as a result of the low oil price environment.

In tandem, the era of high oil prices prompted an increase in saving among oil producers... Using the increase in emerging markets» current account surplus as a guide suggests the desired saving schedule has shifted to the right by 1pp as a result of the EM saving glut, which lowers the global real rate by round 25bps.

As a sign of how quickly the economy's prospects are changing (mainly as a result of the spike in oil prices) economists at Lehman Brothers lowered their growth expectations twice in the last three weeks.

The dramatic plunge in the prices of oil and industrial commodities as a result of slowing demand from China together with increased supply from the United States, decimated energy and materials companies» profits.

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However, banks in Bahrain and Oman look vulnerable as a result of higher break - even prices for oil and their limited ability to support the economy without compromising credit - worthiness.

Global airline stocks are currently soaring as a result of low oil prices, increased seat capacity and more fuel - efficient aircraft.

The venerable oil and gas giant lost its AAA rating from Standard and Poor in April 2016, which thought a symbolic loss (it shared the rating with Microsoft and Johnson & Johnson) indicated the damage wrought by years of low prices and some pretty terrible luck, notably Tillerson's lost $ 500 billion deal in Russia as the result of Western sanctions.

Elsewhere, as I wrote last month, U.S. consumption is likely stronger than headline figures suggest, when you consider that much recent weakness is a result of falling oil prices and the dynamic of new technologies» downward influence on price.

In general, producer price pressures eased significantly in the June quarter, largely because of the fall in prices of oil and related products, and the generalised downward pressure on the prices of imported goods resulting from the exchange rate appreciation (Table 16).

Even so, economic growth in the third quarter outpaced the bank's expectations, partly as a result of higher oil prices and improved growth in developing nations.

Brazil was able to reduce subsidies in oil and gas, but its export business was challenged as a result of the declining oil prices, and its economy remained flat.

Another name that has taken a beating as a result of lower oil prices, stronger dollar and a weaker global economy is Dover Corporation (DOV).

According to a Reuters source, The Organization of the Petroleum Exporting Countries has in fact reached a deal that will «limit» oil production, and oil prices are in for a wild ride yet again as a result.

* Results for Calgary and Houston do not take into account the impact of the collapse in oil and gas prices.

High oil prices may well lead to a collapse in demand over the long term, resulting in a speeding up of the energy transition that most experts see on the horizon

The result is what Marc Lee refers to as an «all of the above» policy — we have carbon pricing and various climate - related regulation, even while committing to significantly expanded oil sands production and promising new bitumen pipelines.

While the surge in oil prices was largely the result of heightened geopolitical risk in Venezuela, Saudi Arabia, Iran, and Iraq, the pullback can be attributed to ongoing concerns that more crude could be produced than the market can absorb.

Inflation forecasts will be revised down, if anything automatically, as the result of lower oil prices -LRB--37 % between the mid-November and mid-February cut - off dates) and a stronger trade - weighted currency (+5.1 % for the EUR EER - 38, although the index has eased by 3.5 % from its peak).