Tags » CRUDE Oil Prices

Oil Prices Under Pressure ahead of OPEC Meeting in Istanbul

Oil prices fell over doubts that an OPEC-led plan to cut output would rein in a global oversupply that has dogged markets for over two years. 297 more words


Struggling Chad Republic wants to fix its "negative image" by sponsoring a soccer club

Central African country Chad Republic, already one of the world’s poorest countries, will see its economy contract this year due to low oil prices even as it struggles to cope with regional insecurity caused by Islamist militant group Boko Haram which started in neighboring Nigeria. 384 more words

Profit at China's Sinopec Slumps 21.6% in First Half

China Petroleum and Chemical Corporation, or Sinopec Corp, said on Sunday its net profit fell 21.6% in the first half of 2016, hurt by a steep decline in international oil prices. 337 more words


Growth through Consolidation in the Liner Industry – The Next Big Wave

The global liner shipping industry is going through one of its worst phases in recent times. Consolidation activity has become a recent phenomenon within the industry after many liners reported declines in profitability due to various reasons. 2,741 more words

OPEC members’ net oil export earnings may crash to $341 billion in 2016

• Nigeria’s crude business revenue drops by more than half to $39b in 2015

• Earns $10b between January and May

The United States (U.S.) Energy Information Administration (EIA) has projected that members of the Organisation of the Petroleum Exporting Countries (OPEC) net oil export revenues could fall from the $404 billion it earned in 2015 to about $341 billion in 2016 . 395 more words

Oil & Gas

With Oil Back at $50, East Texas Shows Signs of Life Again

As crude prices plummeted last summer, Steve Pruett, chief executive of a small west Texas oilfield developer, idled a drilling rig, opting to pay $21,000 a day to store it rather than dig more wells and risk bigger losses. 885 more words


Boeing Shares Could Fall 15% if Sales Slow

Boeing Co’s stock could fall as much as 15% if sales of its aircraft fall on weakening demand, according to a report on Sunday in the financial publication Barron’s. 32 more words