Sentences with phrase «tumbling oil and gas prices»
It was $ 15.5 - billion (U.S.) in 2015, down nearly 60 per cent from the year before, mainly because of tumbling oil and gas prices.
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By far the biggest revision, on a percentage basis, came in the mining sector, which isn't surprising; the oil and gas industry, which is part of the mining sector, has been extremely volatile in the past year due to tumbling oil prices.
Oil fell $ 1.41 to US$ 79.60 a barrel after Goldman Sachs said that it expects oil prices to tumble into the next year as shale gas production continues to expand and oil supply outstrips demaOil fell $ 1.41 to US$ 79.60 a barrel after Goldman Sachs said that it expects oil prices to tumble into the next year as shale gas production continues to expand and oil supply outstrips demaoil prices to tumble into the next year as shale gas production continues to expand and oil supply outstrips demaoil supply outstrips demand.