Oil Prices
Business intelligence, analysis, and the stories moving markets.
Business, Finance
US oil companies lost $67 billion last year
The 40 largest publicly-traded US oil companies lost a combined $67 billion in 2015, according to Energy Information Administration…
Markets
Oil oversupply is getting worse despite recent price spike
The world is continuing to drown in an excess amount of oil and it’s getting worse. US oil…
Economy
Canada’s unemployment rate rises to 7.3% as oil industry continues to suffer
The crash in oil prices is have detrimental effects on Canada’s unemployment rate. The country’s unemployment rate rose…
Economy, Markets
Iran won’t slow production to help raise oil prices
Iran on Wednesday said it would not restrain oil output as part of a global pact to freeze…
Markets
Pirates are even turning their backs on oil
Crude oil has become so cheap that even Nigerian pirates are turning their backs on oil rigs that…
Markets
Oil futures just crashed below $28 a barrel
Oil futures continued to decline on Wednesday as U.S. crude reached its lowest since 2003. U.S. crude oil dropped…
Markets
Oil prices slide to lowest point since 2003 as Iran floods market
Oil prices have reached their lowest price since 2003 in early trading on Monday, as the market braces…
Markets
$20 oil is on the horizon if US dollar remains strong
The strong US dollar and weak demand for oil in China could send the price per barrel to…
Business, Markets
Oil prices continue to plummet on China concerns and a strong US Dollar
Oil prices fell on Tuesday as investors continued to worry about economic growth in China and the US…
Markets
Oil prices will continue falling in early 2016
Oil prices will likely continue a downward plunge in early 2016, before eventually picking up steam and increasing…
Business, Markets
Here’s How Much It Cost To Produce A Barrel of Crude Oil
Oil is currently trading around $42 per barrel and that’s bad news for producers in some parts of…
Business
Chevron Is Slashing 7,000 Jobs As Oil Prices Continue To Plummet
87,000 people have lost their jobs in the oil sector this year and that number is about to…
Business
Iran Wants Emergency OPEC Meeting To Stop Sliding Oil Prices
Iran’s Oil Minister, Bijan Zanganeh, has called for an emergency OPEC meeting in order to stabilize collapsing oil…
Business
Crude Oil Just Sunk To A Six-Year Low
Crude Oil is continuing on its downward spiral. On Tuesday morning, West Texas Intermediate crude futures in New…
Business
Crude Oil Prices Jump Following Stockpile Report
Oil prices jumped on Wednesday after a new industry report showed a bigger-than-expected fall in U.S. oil stockpiles. The American…