Sentences with phrase «slump in energy prices»

Not exact matches

While energy companies have been shutting down wells in response to the present oil price slump, there are still more job openings than job seekers in this field, according to Job Bank Canada.

Even as the energy companies look to savor the recent recovery in oil prices after a protracted slump, the U.S. presidential election is seen as posing the next big threat.

However, the Canadian Energy Research Institute has indicated that oil production in Canada is likely to scale up by about 600,000 barrels per day in 2017 and by another 200,000 next year, as a number of projects that were being developed prior to the oil - price slump are nearing completion.

Now, with prices slumping and demand in key consuming countries like China looking shaky, the energy industry's optimism about gas seems to have fizzled out.

Last week we saw a continued selloff in energy stocks and a slump in commodity prices, specifically oil.

Last year, when load - shedding reached its peak over a three - year period, the economy recorded its lowest growth in 15 years: expanding by 3.9 percent mainly, on due to a slump in commodities prices and energy supply deficit, which affected the manufacturing, industries and services sectors... the biggest contributors to the country's GDP.

The slump in oil prices and energy markets over the past several years has also weighed on profits.

The oil price interacts with the wider energy market in myriad and complex ways, and it may take some time for the full impact of the price slump to become clear.

As Prime Minister Tony Abbott again attacked renewables for their presumed impact on consumer bills, wholesale energy prices in Queensland have slumped to unprecendented lows as rooftop solar continues to boom in that state.

The data showing the U.S.'s emergence as the top driller confirms a trend that's helped the world's largest economy reduce imports, caused a slump in global energy prices and shifted the country's foreign policy priorities.

Canadian banks are still doing well, generating strong revenues and posting solid returns despite low economic growth, sagging commodity prices and a relentless slump in the energy sector.

The oil slump has dragged down housing sales and prices in the energy heartland province of Alberta, and Vancouver slowed sharply after the government introduced a 15 per cent tax on foreign buyers in August.

The world seems like a volatile and risky place with the massive daily swings in the stock market, rising energy prices, approaching fiscal cliff, slump in commodities, ongoing European Union debt crisis and omnipresent geopolitical risks flaming up and pushing already weak U.S. and global economies into recession once again.