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Oil Producers To Lose $1Tn If Price Below $60 – Goldman Sachs

The global oil industry will face a loss of $1 trillion as producers will be forced to cancel a number of key projects if oil prices stay below $60, says Goldman Sachs. 370 more words

Commodities

Oil Prices Plunge Below $60 on Weak Forecast by IEA

The oil glut continues, says the latest International Energy Agency’s (IEA) report which slashes demand growth forecasts for 2015. A weak economic outlook for China, Europe, and Russia will see demand rise one percent, not enough to offset oversupply. 398 more words

Emerging Markets

Post of the Day! Crude oil prices is now $60.


OMG !!!!

Crude oil prices is now $60. Meanwhile, some Nigerians on FB are celebrating because it is affecting the Russian economy. Imagine! What is your business with Russia? 101 more words

Oil prices impacting Kansas industry

GARDEN CITY, Kansas– On Wednesday crude oil was trading at about $60 a barrel, and with cheap oil comes cheap input costs on the farm. 283 more words

News

AAA: Gas Prices Likely To Stay Low For A While

TRENTON, N.J. (AP) — Gas prices continue to drop, and could stay low throughout the winter.

AAA Mid-Atlantic’s latest statistics show that a gallon of regular unleaded gasoline in New Jersey cost an average of $2.65 last week. 171 more words

News

2015 Investor's Guide: Don't buy this, buy that—Energy and Mining

Sometimes the smartest actions are the ones you don’t take. That old dictum seems relevant at a moment when the markets are a paradox: Each new high only makes many veteran investors more nervous that disaster looms. 985 more words

Finance

Schlumberger reduces seismic fleet as deepwater exploration spending falls

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The world’s largest oilfield services company Schlumberger has announced it will be reducing its WesternGeco fleet as lower commodity prices lead to short-term cost cutting measures by exploration companies. 227 more words

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