Sentences with phrase «year oil prices plunged»

He's worked at AIMCo since 1998, the year oil prices plunged to US$ 10 a barrel.

Not exact matches

As crude prices began to plunge last year, many energy experts predicted a repeat of 1986 when U.S. oil companies lost their funding and the industry collapsed into a yearslong bust.

That's looked like an awfully bad bet since the oil - price plunge of 2014, although the winnings sure were rolling in for a few years there.

GDP grew by 0.55 percent in the second quarter of the year, which, although a meager growth rate, was welcomed because it signaled Nigeria's exit from the recession that it plunged into due to the oil price crash.

That year hedge fund performance suffered as managers were surprised by events like a plunge in oil prices, Brexit and the U.S. election.

Dubai's main stock market and Abu Dhabi's index have closed at their lowest points of the year amid mounting anxiety over plunging oil prices.

TORONTO — The plunge in global stock markets over the past week has dragged down the Canadian dollar and oil prices, but some market observers see signs the loonie's fortunes will change this year even as the Canadian dollar continued its slide Monday.

Oil prices have plunged 12 % since Tuesday - the worst three - day run in a year.

Stocks are having their worst start to a year in history in part because of a rapid plunge in the price of oil.

A new oil order has emerged over the past few years as oil prices have taken a plunge of about 60 %.

After years of declining output, major oil companies have ramped up crude production this year, just as they are being battered by a plunge in prices due to already excessive supplies.

Key reasons for last year's sluggishness was a plunge in oil prices and other commodities prices, that added to the struggles of China as it attempts to transition its economy away from manufacturing exports to developing its services industry.

Only a month into the new year and investors already have plenty to think about, from plunging oil prices to a key election in Greece to dramatic...

Corporate profit growth hit a wall this year, as plunging prices of oil and metals slammed energy and raw - material producers, the stronger dollar hurt exporters, and economic growth remained tepid.

In Alberta, where the economic effects of the worldwide oil price plunge has hit hardest, the numbers are even more stark, with 66 per cent of respondents reporting a no - change approach, plus another seven per cent who will give their clients a price break in the next year.

When the price of oil plunged from a peak of $ 107 per barrel in June 2014 to a 12 - year low of $ 26 per barrel in February 2016, prices at the pump began dropping, briefly reaching a low of $ 2.05 nationwide in January 2017...

«The gap between the share of consumers who think the economy is on the wrong track and the share who think it is on the right track has widened, nearly matching its reading last August, when concerns regarding China and oil prices led to the biggest stock market plunge in years.