Across oil fields from Texas to North Dakota fears are growing that crude’s plunge below $30 a barrel is more than just another market milestone and marks a countdown to Continue Reading
Daniel Yergin Oil is in free fall and Terry Clark couldn’t be happier. In mid-2014, when the crude price topped $100 a barrel, Clark made an offer to buy properties Continue Reading
There’s a durable sense of weakness in the oil economy and, while recovery is expected, it’s uncertain when, Royal Dutch Shell said Wednesday. Shell said it expects fourth quarter profits Continue Reading
The first oil tanker to sail from the US after restrictions were lifted on the country’s crude exports has arrived in Europe, a landmark moment for an industry battling a Continue Reading
The Estonian oil shale processing company VKG announced the dismissal of 500 employees on Friday, saying that the measure was the result of the low oil prices. The business daily Continue Reading
BP CEO Bob Dudley said on Thursday he expects downward pressure on oil prices in the next six months as Iran looks to quickly raise supply. “The first and second Continue Reading
Russia’s rouble fell more than 5 percent in the first two hours of trading on Thursday, to hit a new record low of Rbs85.97 to the dollar amid a global Continue Reading
Oil prices sank to a 12-year low, falling under $28 a barrel in early Asia trade Wednesday, as a glut continues to weigh on markets. On the New York Mercantile Continue Reading
Crude futures slumped again in Asian trade on Wednesday, with U.S. oil dropping more than 3 percent toward $27 a barrel and its lowest since 2003, on worries about global Continue Reading
Across oil fields from Texas to North Dakota fears are growing that crude’s plunge below $30 a barrel is more than just another market milestone and marks a countdown to Continue Reading
