Sentences with phrase «weakening demand for oil»
The first undeniable factor is weakening demand for oil, the engine of global economic growth.
http://www.resilience.org/ Not exact matches
While the effects of a possible trade war are still just in the realm of possibilities and analysts are waiting for all the rhetoric dust to settle, if trade and economic growth were to weaken, they could affect the pace of oil demand growth.
So a weakened global economy has led to lower demand for oil.
The phase change occurred also because of a profoundly weakened global economy and lower demand growth for oil.
The resurgence in U.S. oil demand is showing signs of flagging, with drivers easing off the gas pedal a bit in August, according to U.S. data on Friday that may weaken one of the key arguments for bullish oil traders.
A company with a very long history of dividend raises, that is no doubt feeling a bit of pinch as demand for their oil and gas services are weakening in the near term, DOV still looks attractive at current prices.