Sentences with phrase «sharply lower oil prices»
Though there has been significant improvement in the labor market, sharply lower oil prices have kept inflation running well below the level the Fed believes is needed for healthy economic growth.
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Many energy companies have been reacting to sharply lower oil prices by cutting capital spending estimates.
Not exact matches
Other rivals, including Exxon Mobil (xom) and Chevron (cvx), reported sharply lower in quarterly results last week due to lower oil prices and weaker refining margins.
Additionally, prices for its major commodity exports - crude oil and palm oil - have dropped sharply and its currency, the ringgit, is trading close to its lowest levels since the Asian financial crisis of the late 1990s.
Prices for major commodity exports crude oil and palm oil have dropped sharply and its currency, the ringgit, is trading close to its lowest levels since the Asian financial crisis in the late 1990s.
(Reuters)- Chevron Corp (CVX.N) is slashing 10 percent of its workforce and sharply paring back its budget, with Chief Executive Officer John Watson giving a downbeat view on Friday of an industry beleaguered by low oil prices.
Oil prices pushed lower for most of last week on the news that U.S. commercial crude inventories rose to the highest level for this time of the year in at least 80 years, though prices reversed sharply on Friday.
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.
Despite sharply rising tensions in the Middle East, oil prices had seemed fairly stable - if quite low - as 2016 began.
The costs of many offshore oil and gas projects have come down sharply in recent years, as companies try to ensure their viability in a shale - inspired lower price environment.