Sentences with phrase «slow oil recovery»
They are as risky as ever, and they may especially fail to thrive in a slow oil recovery.
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The Anglo - Dutch oil major, whose acquisition of BG Group transformed it into the world's top liquefied natural gas producer, has been under pressure from shareholders to cut annual spending to ensure it can maintain its dividend given the slow recovery in the oil prices.
The second cyclical factor that has had a major impact on our exports and business investment is the protracted recovery of the US economy — the slowest in the postwar period.10 When oil and other commodity prices rose in the years before the 2014 oil price shock, so did our dollar, making our non-commodity exports to the United States less competitive and reinforcing the ongoing shift from manufacturing to services.
The company attributed the decline to weak global economic recovery, slow growth in China and low international crude oil prices.
According to Reuters, the West African nation emerged from its first recession in 25 years in the second quarter of 2017 as oil revenues rose, although the slow pace of growth suggests the recovery remains fragile.
Increased production and reduced demand due to slowing global growth led to the decline which saw oil prices fall from $ 110 per barrel to a 13 - year low $ 27 per barrel in early 2016, with recovery to just $ 43 / bbl in July.