German chemicals giant BASF on Friday said it expected higher oil prices to push up earnings this year after a challenging 2016, when its main Ludwigshafen plant was hit by a deadly explosion.
Profits may be plunging as oil prices remain low and the competition catches up, but Emirates made a U-turn today in its cost-cutting direction with the announcement of a newly redesigned bar onboard its Airbus A380 aircraft. Color me impressed. Show More Summary
Major U.S. indexes are mixed early Thursday after modest losses the day before. Energy companies are making the biggest gains as the price of oil jumps, and companies that pay big dividends are rising as bond yields slip. Technology and industrial companies are taking small losses. The Dow Jones...
Submitted by Nick Cunningham via OilPrice.com, Will oil prices rise to $70 per barrel this year or fall to $30? Depends on who you ask. Oil price forecasts are always all over the map, but the exceptional disparity between some projections...Show More Summary
When I was a teenager, I learned the jewelry business from the most gifted swindler I would ever know. This was in Dallas-Fort Worth in 1983, when Texas was drunk on the high price of oil. Precious metals had been booming; the Hunt Brothers...Show More Summary
Last September, when the price of oil was well below where it had been trading for the bulk of the past several years, we reported that NY Attorney General Eric Schneiderman was probing why Exxon Mobil hasn’t written down the value of its assets, two years into a pronounced crash in oil prices. Show More Summary
US stocks are ending mostly lower, led by drops in energy companies which fell along with the price of crude oil, the AP reports. The Dow Jones industrials bucked the downward trend Wednesday and managed a small gain, their ninth straight and enough to mark another record high. Marathon Oil...
The price of crude fell 1.4% on Wednesday to around $54, dragging energy stocks down with it. United States Oil (USO) and iPath CSCI Crude Oil ETN (OIL) slid 1.5% and 1.9% respectively. Meanwhile the Energy Select Sector SPDR (XLE) declined 1.4%. It's no small wonder. Show More Summary
Crude oil prices are lower on Wednesday as traders price in a projected expansion in US crude stockpiles and following comments made by Qatar's oil minister. US supplies probably rose by 3.5 million barrels last week, according to analysts...Show More Summary
SINGAPORE, Feb 22 (Reuters) – Singapore’s Sembcorp Marine Ltd (SembMarine) swung to profit in the fourth quarter of 2016 after provisions pulled the rig builder into a loss the year earlier, but a downturn in oil prices pushed annual revenue to its lowest in a decade. Show More Summary
Declines in energy and industrial stocks are leading U.S. indexes slightly lower in early trading as the market comes off a record high close the day before. Energy companies fell early Wednesday along with the price of crude oil. Newfield Exploration sank 9%. Newmont Mining dropped 2% after reporting...
While Western provinces have been hit hard by lower oil prices, federal money for retraining unemployed workers has failed to keep pace The post Why Ottawa’s program for funding job retraining needs to change appeared first on Macleans.ca.
Submitted by Nick Cunningham via OilPrice.com, Oil prices are stuck in a holding pattern, waiting for more definitive data on what comes next. OPEC compliance is helping keep prices afloat, but rising U.S. oil production is acting as a counterweight. A new problem that has suddenly emerged is the record levels of gasoline sitting in storage. Show More Summary
Steve H. Hanke Since its recent high of almost $108/bbl in June 2014, we have witnessed a stunning collapse, and a subsequent bounce back, in the price of oil. In February 2016, West Texas Intermediate (WTI) was trading at $26/bbl, a 76% plunge from its June 2014 high. Show More Summary
An olive oil shortage has companies scrambling. When unforeseen events impact your supply chain, you need to know how to manage your commodity price risk.
Italian olive oil prices are due to jump by as much as 20 percent, after combination of bad weather and pests hit harvest
Extreme heat, bacterial outbreaks, and severe flooding have slashed crop yields throughout the Mediterranean, resulting in skyrocketing costs.
Bad weather and bugs have taken am agricultural toll.
My model, which is based on the "golden constant," predicts a price for oil (WTI) of $70/bbl by the end of the year.
Copper and oil prices drifted down last week, while gold prices rose slightly. This is a hint that global economic activity may be slowing down, while economic uncertainty is rising. One way or another, the tea leaves are aligning in...Show More Summary