oil
Business intelligence, analysis, and the stories moving markets.
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…
Markets
Oil Prices Fall Again, Taking U.S. Shares Along For The Drop
Global markets bounced back slightly after sharp drops last week, but still-falling oil prices kept investors uncertain about…
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…
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…
Economy, Markets
Venezuela Fears $20 Crude Oil If OPEC Doesn’t Act
Venezuelan Oil Minister Eulogio Del Pino fears crude oil prices will slip below $20 per barrel if OPEC…
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…
Economy
Putin Economic Aide: $40 Oil Might Halt Russia Rate Cuts
Andrey Belousov, a key economic aide to Russian President Vladimir Putin, is predicting that a dip in oil…
Business
OPEC’s Oil Demand Growth Forecast Remains Unchanged
The Organization of the Petroleum Exporting Countries (OPEC) has left its demand growth forecast for crude oil unchanged.…
Economy
The Unquenchable Thirst: Taxing America’s Oil Addiction
In the U.S., our dependence on oil not only makes for wealthy oil companies, it also supports our…