Search Results for: oil price
Gas prices drop 18 cents in 2 weeks
October 27th, 2014
Price to fill up the tank has dropped 65 cents a gallon since May and is 29 cents cheaper than a year ago. A national survey of gas prices reports that the average cost of U.S. regular grade gas ...
Falling Coal Prices Wreaking Havoc With Corporate Balance Sheets
October 24th, 2014
The slide in oil prices has raised speculation that oil companies in the U.S. could be forced to cut back on production, but a market slump in another commodity is also putting pressure on producers. Coal markets are currently ...
How Wall Street Is Killing Big Oil
October 22nd, 2014
Lee Raymond, the famously pugnacious oilman who led ExxonMobil between 1999 and 2005, liked to tell Wall Street analysts that covering the company would be boring. “You’ll just have to live with outstanding, consistent financial and operating performance,” he ...
Oil Rises After Chinese GDP Surprises at 7.3% in Q3
October 21st, 2014
West Texas Intermediate and Brent crudes advanced after Chinese economic growth exceeded analysts’ estimates, signaling stronger fuel demand in the world’s second-biggest oil consuming country. Futures rose as much as 1.5 percent in New York and 1.2 percent in ...
Global oil surplus to disappear gradually next year
October 17th, 2014
The oil markets are concerned that there is too much oil currently available on the market, and that, as a consequence, oil prices may continue to tumble. Saudi Arabia is reportedly telling Reuters that it is happy with prices ...
Stocks, oil flounder on growth anxiety, China data little help
October 13th, 2014
Asian stocks stumbled to seven-month lows on Monday, while crude oil prices were pinned near a four-year trough as promising trade numbers out of China failed to cheer a market still worried about faltering global growth. “European equities look ...
Statoil sells Shah Deniz stake for $2.25 billion to Petronas
October 13th, 2014
Norway’s Statoil (STL.OL) has sold its remaining 15.5 percent stake in the Azeri gas project Shah Deniz to Malaysia’s Petronas for $2.25 billion, the latest in a string of asset sales made to shore up returns to shareholders. ...
Sanctions force another company out of Russia’s oil boom
October 9th, 2014
Western sanctions against Russia have led Royal Dutch Shell to discontinue its work with Gazprom Neft extracting shale oil from a field in Siberia. In announcing Shell’s suspension on its website, Gazprom Neft, part of the Kremlin-run gas monopoly ...
Asia shares stumble, oil skids to 27-mth lows
October 8th, 2014
Asian share markets were mostly in the red on Wednesday as worries about waning global growth lifted safe-haven bonds, while shoving oil prices to their lowest in more than two years. Extending a three-month-long decline, Brent oil sank $1.18 ...
U.S. Oil Export ban no longer necessary says Exxon Chief
October 7th, 2014
Rex Tillerson, ExxonMobil’s CEO, says the ban on exports of U.S. crude oil that’s been in effect for decades is no longer necessary and a lifting of regulatory constraints on liquefied natural gas (LNG) would increase America’s energy and ...
