Drilling for oil and natural gas requires pipes; so falling oil prices could be bad news for steel makers.
OPEC’s Secretary-General not only thinks oil prices have bottomed, but that it sees oil prices exploding to upwards of $200 per barrel in the future.
NEW YORK — Four chief economists from some of the nation’s most popular real estate websites are optimistic about the housing market this year, citing an expected increase in home sales, and low mortgage rates and oil prices leaving more...
Chevron Corp. halted share buybacks, slowed work on new projects and announced the biggest spending cut in more than a decade as oil explorers around the world curtail ambitions to cope with free-falling oil prices. The post Chevron Tightens Belt as $40 Billion Makeover Sweeps Oil Sector appeared first on gCaptain Maritime & Offshore News.
The fallout from the decline in the price of oil is only just beginning for Texas-based bank Prosperity Bancshares.
The fallout from the trend of declining oil prices continues materializing in the energy industry on a daily basis – several companies have announced workforce reductions this week – and Baker Hughes is one of the latest to make that difficult decision. read more
Solar stocks are down because of the drop in oil, but that doesn't mean the industry is in trouble.
The price of oil jumped Friday and it may be the start of a march to higher ground.
The oil industry is dead-serious when it talks about slashing operating costs and capital expenditures. It has to. Preserving cash is suddenly a priority, after years when money was growing on trees.
Collapsing oil prices are dealing a crippling blow to Africa's economic giant, Nigeria, which is simultaneously absorbing a second shock: U.S. refineries once purchased as much as 40% of its production; now they're no longer buying.
The collapse in global oil prices forced Mexico on Friday to announce large cuts in public spending, threatening several major projects, including the government’s showcase but controversial bullet train out of Mexico City.
Dow Chemical’s fourth quarter profits far exceeded analysts’ estimates despite languishing oil prices.
Signs that U.S. producers are cutting production sparked a late-day rally as oil gained 8 percent
Russia's central bank unexpectedly cut its main interest rate on Friday as fears of recession mount in the country following the fall in global oil prices and Western sanctions over the Ukraine crisis... The move implies a shift in the...Show More Summary
JetBlue's fourth quarter revenue rose by 6% per year to $1.4 billion on gains from rapid capacity expansion. Meanwhile, lower oil prices complemented this top line growth to lift the carrier’s fourth quarter profit to $88 million, from $47 million in the same period in 2013. Show More Summary
Oil prices are making a huge move. WTI crude prices are up 8% right now. More to come... Join the conversation about this story » NOW WATCH: This Animation Of 32 Years' Worth Of Treasury Yield Curves Is Mesmerizing
The sharp decline in oil prices over the past few months has put oil producing countries like Mexico in a difficult position. At the time of writing, the Mezcla Mexicana (Mexican Mix), which is normally priced lower than Brent or West Texas Intermediate, is below the $40/barrel mark, a level it had not reached since the 2009 global financial crisis. Show More Summary
The average Brent crude oil spot price declined by more than 30% year-on-year during the fourth quarter. This is expected to result in thinner operating margins on BP's spot crude oil sales. In addition, the company’s consolidated upstream earnings would also be negatively impacted by the sharp depreciation of the Russian Ruble against the U.S. Show More Summary