Sentences with phrase «when oil prices slumped»

The city already suffered a labor shortage because so many construction workers left during the housing crash and again when oil prices slumped.

Not exact matches

It's hard to verify independently the claims of retail traders who say they have made good money this year, when worries about a slowing Chinese economy and the slumping oil price have wiped up to $ 8 trillion from world stock markets in January alone.

When oil prices rose and the economy slumped, profits turned to losses and debts began to crush the carriers.

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.

This is projected to hit N3 trillion ($ 15 billion) due to heavy infrastructure spending at a time when the slump in global oil prices has slashed the country's export revenues.

Plus, when oil prices go through a slump, he said, the government support of alternative fuel sources wanes.

Doyle says Canada's increased reliance on real estate fees can be blamed on years of ultra-low interest rates, worsened during the oil price slump when the Bank of Canada cut rates even further.