The Countries Hit Hardest By The Oil Price War
The recent plunge in oil prices has put the financially ravaged U.S. shale industry in the spotlight over the past week, but the market downturn will blow a hole in Continue Reading
After a Long Fall in Oil Prices, a Crash
For Rebecca Babin, the oil crash arrived slowly, then all at once. The senior energy trader at CIBC Private Wealth Management watched crude prices fall 10% March 6 after Saudi Continue Reading
Oil crash only a foretaste of what awaits energy industry
The oil-price crash of March 2020 will probably not last long. As in 2014, when the oil price dropped below $50 from $110 in a few weeks, this one will Continue Reading
Stocks dive as rescue bids by Fed, peers fail to calm panicky markets
Stock markets were routed and the dollar stumbled on Monday after the Federal Reserve slashed interest rates in an emergency move and its major peers offered cheap U.S. dollars to Continue Reading
Airlines slash schedules, jobs and pay after new travel restrictions
Airlines around the world said they would make more drastic cuts to their flying schedules, shed jobs and seek government aid after countries further tightened border restrictions because of the Continue Reading
Industry body warns most airlines could go broke by May
The airline industry is warning that it must shed jobs and obtain state support to survive the coronavirus crisis, as a respected aviation consultancy predicted that most of the world’s Continue Reading
Global recession already here, say top economists
The world economy has fallen into recession, suffering from a “wicked cocktail” of coronavirus and the dramatic action to limit its spread, according to four former IMF chief economists. As the Continue Reading
MAJOR ECONOMIC DEPRESSION AHEAD? Global Oil Demand To Fall Drastically
The world is heading towards a global depression, but the market hasn’t quite figured it out yet. Unfortunately, many analysts and economists continue to believe that the worldwide contagion will Continue Reading
The Harsh Truth About Emissions Reduction
For a sector that is frequently chided for merely trying to burnish its green credentials, it appears some players are willing to put their money where their mouths are–by going Continue Reading
Libya drops below 100,000 bpd
Libyan oil production has slipped below 100,000 barrels per day, the National Oil Corp. (NOC) has said, amid warnings of fuel shortages. Output from the North African country has fallen Continue Reading