Tags » CRUDE Oil Prices
Another day, another swing of the axe in the oil industry.
Anglo-Dutch major Royal Dutch Shell Plc said Thursday it will slash spending by $15 billion over the next three years, in an effort to adjust to a new world of lower oil prices. 361 more words
If the oil market is reasonably efficient, then the price of a barrel of oil should reflect something like the cost of production of the highest-cost barrel of oil needed to just satisfy demand. 293 more words