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3 results found for: economic development and trade

Organizations: Economic Development and Trade Tags: manufacturing industry

Views: 18
Last Modified

October 18, 2016


Weak oil prices and reduced investment by oil and gas companies is also impacting companies that supply machinery and equipment to the oil and gas sector and to construction firms that are working on oil and gas investment projects. The three sectors that make up the Oil and Gas Supply Chain...

Views: 31
Last Modified

October 10, 2017


Alberta’s manufacturing industry was in recession in 2015 and 2016 as a result of the dramatic drop in crude oil prices. Lower oil prices resulted in much lower selling prices of refinery products and caused oil and gas companies to drastically lower their capital spending which translated into...

Views: 13
Last Modified

January 18, 2016


Revenues in Alberta’s manufacturing industry were on a downward trend in 2015. Most of this decline can be traced back to those manufacturing sectors that are closely tied to the oil and gas sector. Sharply lower sales in manufacturing’s largest sector, refined petroleum products, are especially...