Tags » Oil Industry

Big Oil needs to go on a diet now that the $100 a barrel party is over

Energy companies will need to do more than just cut costs and renegotiate service contracts to remain afloat at $40 a barrel oil—they need to quit being so darn sloppy. 1,516 more words

Finance

Eni CEO: Companies Shouldn’t Overreact to Oil’s Downturn

(2015-01-28) The slump in oil prices could cause the oil industry to cut expenditure by 10% to 15% this year, but companies should be wary of overreacting to the cyclical downturn and risking a price spike in the future, the chief executive of Italian oil company Eni SpA said last week. 316 more words

Mozambique

World Oil Demand - Oil Market Report

Published in International Energy Agency‌ on 16 January 2015)

  • The price of oil continued to collapse into January as rising supplies collided with weak demand growth…
268 more words

Oil & Gas