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Plunging Oil Prices

New post on Financial Post | Business

Oil just keeps plunging and plunging as bearish sentiment deepens

by Reuters

Crude oil prices tumbled further in Friday afternoon trade, with U.S. 252 more words

Opening Blogs

Oil prices in freefall as OPEC fails to agree output cut

Oil prices fell to their lowest level in over five years Thursday as the cartel that produces one third of the world’s output failed to agree on measures to tackle the current glut. 541 more words

International

Fuel subsidy removal is positive for economy, say research firms

The fuel subsidy removal by the government is a positive move and will not have a significant impact on the economy, research firms said today. 322 more words

News & Updates

New Jersey Gas Prices Still Falling

TRENTON, N.J. (AP) — Motorists continue to see lower prices at the pumps in New Jersey.

AAA Mid-Atlantic says the average price of a gallon of regular gas in the state on Friday was $2.73, down 3 cents from last week. 144 more words

News

Crude oil prices fall: subsidy needless, ringgit weaken, fiscal health affected

Tweet

Malaysia’s iconic Twin Towers are seen in the background of the Malaysian oil and gas company Petronas logo at a petrol station in Kuala Lumpur… 1,519 more words

Politics

Top factors leading to the falling crude oil prices besides the shale boom

Since June this year, crude oil prices have continued a downward slide to prices we haven’t seen in about three years. During the week of November 10, prices fell to a record low of below $82 before picking up on the hopes of production cut by the cartel – OPEC during its next meeting in Vienna scheduled for 27th of December, 2014. 350 more words

Oil Prices And Shale Proespects

Oil prices drop below $75 for first time in four years amid supply glut

Oil prices dropped below $75 Thursday, hitting their lowest levels in four years as higher production creates an excess of supply.

The price of West Texas Intermediate crude oil dropped by $2.85 to $74.33, and has fallen more than 30% since June, when prices were above $107. 287 more words

Energy