Tags » CRUDE Oil Prices

Euro Stocks Plunge and Oil Slips as Investors Worry About Global Growth

European shares plunged to 16-month lows on Monday, extending a aggressive sell-off, while bond yields and oil also fell as investors shed risky assets on persistent concern over the pace of global growth. 580 more words


Here's How Oil Companies Are Scrambling to Survive the Price Crash

As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis. 971 more words


BP just had its worst year since it destroyed the Gulf of Mexico

BP just reported earnings (pdf), and they weren’t good.

The company announced its worst-ever annual loss (£4.5 billion, or $6.5 billion), sending its stock down around 9% in London trading. 141 more words

Crude tactics

Nigeria’s ex-President Goodluck Jonathan was buffoonish in governance – The Economist

Cheap oil is causing a currency crisis in Nigeria. Banning imports is no solution… 988 more words

Information Report

Fed stays pat, markets go flat

As I wrote yesterday the Fed was going to be stubborn and not recognize the weakness in the global economy, so the market reacted with a selloff. 193 more words


These Things Now Cost More Than a Barrel of Oil

As of Tuesday, a barrel of crude oil cost $30.34. At this time last year, it was at around $55. Since then prices have been falling fast, hitting their lowest level in over a decade. 292 more words


Iran's Return to the Global Oil Market Is No Cause for Panic

The lifting of economic sanctions against Iran this past week is no reason for the oil markets to panic. While the addition of somewhere between 500,000 and 1 million barrels of Iranian crude per day to an already oversupplied market may seem like the end of the world to those bullish on oil prices, the reality is far less dramatic. 1,648 more words