US oil prices end above $50 for first time since July
US oil prices breaks the $50 mark since July. Is this a sign that soon, Oil & Gas practitioners will be seeing the light at the end of the tunnel. …
World oil prices reached a seven month high
World oil prices reached a seven month high as traders expect decline in US inventory, production problems in Nigeria and the wildfires that interrupted oil production in Canada. Crude prices …
The Global Economy Is in a ‘Death Spiral’
Weeks after the Royal Bank of Scotland advised its investors to “sell everything,” Citi has decided to provide its own clients with fodder for a panic attack. In a report …
Ten Million Reasons Why Cheap Oil Might Hurt The Philippines
Cheap oil should be a good thing for a country like the Philippines that imports almost all of its fuel, but there are 10 million reasons why that may not …
Shell Reducing Headcount by 10,000
Shell confirmed this morning in its 4Q15 report its previous announcement that it is reducing its headcount by about 10,000. The 10,000 Job Cuts Are Not “New News”. Source: Read …
Oil price worries hit stocks in Asia for the second day
Worries over falling oil prices weigh on investor confidence in Asia for a second day on Wednesday. Source: Oil price worries hit stocks in Asia for the second day – …