Sentences with phrase «reports oil prices dropping»

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.

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.

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.

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.

CNBC's Jackie DeAngelis reports oil prices threatened to drop below the $ 50 level as U.S. production nears record levels.

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 Houston Chronicle's Collin Eaton, reporting from the energy hub of the world, found that oil companies and equipment supplies cut an estimated 440,000 jobs worldwide over the last three years as crude oil prices dropped.

Many indie gas stations buy gas from name - brand oil companies, and they're often the first to slash prices when crude oil rates drop, NPR reported.

The lower - for - longer outlook for oil prices took its heaviest toll yet in the third quarter as oil companies again reported a dramatic drop in income.

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.

GHANA is set to lose a whopping $ 13billion in oil revenues if the price of the commodity drops and remains below $ 50 for the next two decades, a report by the World Bank Group has revealed.

Retail gasoline prices fell after crude oil prices dropped for the fourth straight week — a product of weaker - than - expected global demand and increasing production, which EIA says will save American households $ 550 next year, Bloomberg News reports.

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.