Sentences with phrase «sharp drop in oil prices»

This decision is in response to the recent sharp drop in oil prices, which will be negative for growth and underlying inflation in Canada.

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.

This decision is in response to the recent sharp drop in oil prices, which will be negative for growth and underlying inflation in Canada.

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.

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.

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 energy sector was certainly hard hit by the sharp drop in oil prices.

Binns said a sharp drop in the oil price could work in the venture's favor, since the new technology was cheaper for companies to buy and operate than more traditional helicopters.

A case in point is the sharp drop in oil prices over the past year, which should lead to a decline in airfares.

Michael Rawlinson, Global Co-Head of Mining and Metals at Barclays, commented that while the sharp drop in oil prices has reduced costs for mining companies it has also added to uncertainty in the market and could prolong the wait for the commodity cycle to turn upwards again.

Bouroudjian at Index Financial Partners added that any instability in emerging markets this time around would be countered by one important element — the sharp drop in oil prices, which is putting money back into the pockets of consumers and businesses globally.

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.

TORONTO — Consumers are continuing to pile on debt despite economic uncertainty created by the sharp drop in oil prices.

The combination of new production in the Western Hemisphere and the still growing production in other parts of the world could lead to a sharp drop in oil prices, Maugeri finds, which if steep enough could lead oil companies to cut back on investment and ultimately slow down oil supplies.

LONDON, February 25 — In a major blow to the oil sands industry Royal Dutch Shell has announced it is dropping plans to build a new mine in northern Alberta, the latest in a slew of project cancellations by oil companies forced to cut spending due to a sharp drop in oil prices.

In addition, the sharp drop in oil prices has hurt energy - related investment and jobs.