Sentences with phrase «slump in crude prices»

Not exact matches

Except for a 20 - day slump in March when North American crude was on the wrong side of US$ 50 for the first time since last year's OPEC supply cut decision, oil prices had seemingly stabilized at a new level.

Revenue fell 1.3 percent to $ 31.68 billion, weighed by a 16 percent slump in its segment supplying equipment and services to oil and gas customers, which has been hurt by weak crude prices.

Kuwait plans to increase its crude production by 150,000 barrels a day by the third quarter of the year despite the current slump in oil prices, the managing director of Continue Reading

While Trump's stance on issues like the Keystone XL pipeline bodes well for the oil and gas industry, the risks posed by a U.S. - led slump in global trade would likely far outweigh the increased volumes of crude that would flow across the border into the Gulf of Mexico — especially at today's depressed prices.