Sentences with phrase «years of low oil prices»

The country's economy has stabilised after a few difficult years of low oil prices, especially as it is making efforts to diversify away from oil and into minerals and metals, as well as industrial products, and 2018 is expected to be a better year for deal - making in the country.

In a possible scenario of 1) years of low oil prices 2) a significant portion of trade in oil not paid in US$ and 3) the Chinese unwilling to stack away more US$ the world's perception on the worth of the US$ might change rather early.

The kingdom had been squeezed by years of low oil prices, and Prince Mohammed was seeking to recover hundreds of billions of dollars in alleged illicit gains.

OPEC hopes to regain market share from expensive unconventional oil and renewable energy, and to renew demand for oil through several years of low oil prices.

We have had a year of lower oil prices.

Not exact matches

The OPEC member that needs the «lowest» price of oil to balance this year's expenditure is Iran, at $ 52 a barrel, according to data by RBC Capital Markets.

The decreases are largely the result of the oil glut and all - time lows for crude prices — last year, mining, oil producers, and metal companies lost a combined $ 70 billion on $ 1.3 trillion in revenue.

Like other major European airlines, the Franco - Dutch carrier benefited from low oil prices and strong travel demand last year, while the collapse of Monarch and Air Berlin has removed some competition from the market.

The home of Canada's once go - go energy industry has suffered this year from lower oil prices, putting a drag on incomes.

Any commodities business comes with some volatility — the oil and gas business has had a tough couple of years amid low energy prices.

For the past two years, energy stocks have looked quite dirty, as the price of oil sank to a latter - day low of US$ 27 a barrel in February.

On Thursday, again, the price of oil tumbled with the spot price slipping below $ 75 a barrel; that's a four - year low.

That year, drillers packed into the Permian basin in western Texas, where the cost of producing oil is low but the price tag on land — and the companies who own it — has skyrocketed.

Industrial goods manufactuer Precision Castparts saw its stock tank this year because of low oil prices, Fortune's Geoff Colvin reported.

Lower oil prices should put more money in the pockets of consumers already emerging from years of self - imposed austerity, says Richardson.

If you're talking about a new project with no significant investment already deployed, building a new mine if you expect today's prices to hold in the long term is a tough call — a 50 - year oil sands project is a lot of risk for less than a 10 % rate of return — but even there, you can see the impact of the lower Canadian dollar and the hedge provided by a royalty regime which lowers rates when prices are low.

Samuels said that while the state has among the largest budget reserves of any state, at a projected $ 10.4 billion by the middle of next year, continued low oil prices mean legislators will face some tough decisions when they return to Austin in January.

Although U.S. crude oil inventories are at «historically high levels» for this time of year, according to the Energy Information Adminstration's Weekly Petroleum Status report, Molchanov predicts inventories will trend lower by the middle of the year as prices recover.

Low oil prices, a retreat of the coal industry, solar and battery booms, and the return of nuclear are all trends you should watch next year.

Prices of both oil and gas are trading at more than seven - year lows.

Oil prices collapsed on Thursday to their lowest since late November as investor worries about the world's stubbornly persistent glut of crude erased most of the gains that followed last year's OPEC's output cut.

Against this backdrop of delayed rebalancing, we now see oil prices fluctuating around current levels, in a lower range than we had expected earlier this year.

If you're talking about a new project with no significant investment already deployed, building a new mine if you expect today's prices to hold in the long term is a tough call — a 50 year oil sands project is a lot of risk for less than a 10 per cent rate of return — but even there, you can see the impact of the lower Canadian dollar and the hedge provided by a royalty regime which lowers rates when prices are low.

Over the coming year, lower energy costs (and other comodity costs) will benefit consumers and as oil prices rise, 80 % of U.S. oil production will move to breakeven then substantial profit.

Recent lower oil prices have helped Morocco cut those costs and shrink its budget deficit from nearly 5 percent of gross domestic product in 2014 to 4.3 percent this year.

Over the weekend, Jeff Gundlach, the CEO of investment services firm DoubleLine told Barron's that he believed the 10 - year Treasury yield could test the 2012 low of 1.38 percent if the price of oil fell below $ 40 a barrel.

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.

The International Energy Agency that previously warned of lower for longer oil prices and warned last year that the oil price recovery was threatened by the possibility of weak demand now has changed its tune and is now saying that it is «mission accomplished» for OPEC as oil stocks shrink at a record pace.

Among the factors making up this year's «wall of worry» have been low oil prices, debt woes in Greece, and the Federal Reserve's imminent first step toward monetary tightening.

Oil prices have arisen from the lows set in March, but a glut of inventory and few catalysts for dramatic jumps in global energy demand suggest 2015 earnings will likely be less than half of last year's tally.

LONDON (Reuters)-- Banks» metals - related revenues exceeded their earnings from the oil sector last year for the first time since 2014 as low and relatively stable crude prices discouraged hedging activity, but this is unlikely to be the start of a new trend.

«We've seen reduced client activity (in oil), reduced hedging from the corporates as well as low prices at the start of last year and low volumes.»

Oil prices have fallen more than 15 percent since March 4 to a six - year low of $ 42.3, wiping out $ 7 billion of market value of high - yield debt issued by energy companies.

This is mostly due to much lower oil prices after the oil shock (expected to remain around $ 53 per barrel in the next two years), as oil proceeds still account for more than 50 % of government revenues.

The 104 - page OPEC report finds that there will be greater demand for the group's oil in 2016, with customers consuming an average of 31.65 million barrels a day throughout the year because the market will be «supply - driven» as competitors, beset by low prices, continue to cut back severely on capital expenditures ranging from exploration to new drilling.

More than three years after Bob Dudley said that oil prices would be lower for longer, BP's chief executive still thinks «a price of $ 50 a barrel looks like the right number to plan on for the rest of the decade.»

At this year's Asia - Pacific Petroleum Conference (APPEC) in Singapore last week, the mood was the most bullish since the 2015 APPEC annual gathering, with most executives polled by Bloomberg predicting oil prices at $ 50 - $ 60 next year, compared to last - year predictions that we'd be at the low end of the $ 40 - $ 60 band.

In his year - end interviews, and in the final days of the fall sitting of the House of Commons, Prime Minister Stephen Harper said it would be crazy to impose additional costs on Canada's oil and gas sector in a time of low prices if the U.S. was not enacting similar carbon emission policies.

With crude - oil exports rising year - over-year, the value of the exports did not rise proportionally, with Canada's crude - oil export bill declining about 11 percent to $ 50 billion in 2016 compared to $ 55.8 billion the previous year, as lower crude prices and a weaker dollar cramped the export value of crude.

When the year began, many investors anticipated strong earnings growth mostly coming from the energy sector, and many oil analysts had targeted crude prices in the upper US$ 50s to low US$ 60 / barrel range over the course of 2017.

A glut of crude oil as demand weakens has ignited a price war among OPEC members, bringing crude prices to four year lows.

Kashagan has huge amounts of oil in store, and according to Financial Times, «Opec, the 14 - member cartel that controls more than a third of all crude production, on Monday said Kashagan's ramp up is one reason it now thinks supplies outside the group will actually grow next year, despite two years of low prices.»

Commodity prices have been heading lower for more than four years, and according to data accessible via Bloomberg, commodities have been the worst performing asset class of 2015, with the most severe losses in cyclical commodities, such as oil and industrial metals.

This is because at its recent low the «inflation» - adjusted oil price was below its 1986 bottom and almost as low as its 1998 bottom (the two lowest points of the past 40 years).

After bottoming out at decade - plus lows in February, oil prices finished the year up more than 40 %, lifting the prospects for a lot of companies across the oil and gas industry.

According to Knight Frank, oil tumbled to its lowest level for nearly 12 years last week, raising the prospect of further falls in fuel prices at the pumps.

Oil prices pushed lower for most of last week on the news that U.S. commercial crude inventories rose to the highest level for this time of the year in at least 80 years, though prices reversed sharply on Friday.

The venerable oil and gas giant lost its AAA rating from Standard and Poor in April 2016, which thought a symbolic loss (it shared the rating with Microsoft and Johnson & Johnson) indicated the damage wrought by years of low prices and some pretty terrible luck, notably Tillerson's lost $ 500 billion deal in Russia as the result of Western sanctions.

Analysts and investors in Moscow said the sanctions could consign Russia to years of low growth, frustrating government efforts to stimulate a rebound from a two - year downturn brought on by low oil prices and Western sanctions over Moscow's role in the Ukraine crisis.

Goldman Sachs revised down its estimate for oil prices for the end of this year, lowering its 4th quarter estimate from $ 50 to $ 43 per barrel.