Irish TimesTullow Oil slumps on Goldman Sachs, Macquarie downgradesIrish TimesShares in the London-based oil exploration company, headed by Aidan Heavey, fell 8.8 per cent in midafternoon trade to €3.27. In a note to clients on the oil exploration and prod …

Barron'sUS producers Ultra and Midstates fall victim to low oil priceFinancial TimesThe defaults are the latest failures to strike an industry struggling with an oil price that has declined more than 60 per cent from a 2014 peak. Analysts with credit ratin …

MarketWatchOil prices fall under $45 after April's hefty gainsMarketWatchData that reportedly show a significant weekly rise in stockpiles at the Cushing, Okla. storage hub, rising output from major oil producers, and some downbeat U.S. economic figure …

CNNMoneyOil fallout: Laid off Saudi workers torch busesCNNMoneyHere's a rare sight in Saudi Arabia: Protesters who lost their jobs due to the oil crash setting buses on fire. The Saudi Binladin Group, a massive construction company founded by the fathe …

Smugglers of harp seal oil and honeybee royal jelly sentencedLos Angeles TimesA Walnut couple was sentenced to home detention this week and their import and distribution companies were fined after they pleaded guilty to smuggling harp seal oil and honeybee …

Wall Street JournalCenovus Posts Loss as Oil-Price Slump Continues to WeighWall Street JournalLike its oil-producing peers, Cenovus has been hard hit by the drop in oil prices and has been focused on cost-cutting efforts. Earlier this year, it slashed its …

CNNMoneyOil crash: Halliburton slashes another 5000 jobsCNNMoneyIt's the latest evidence of the crisis confronting the U.S. oil industry as crude prices have crashed to seven-year lows. "Our industry has turned down faster than anyone ever expecte …

OilPrice.comDownward Trend For Bakken Oil Production Set To ContinueOilPrice.comOperators are now even more committed to running fewer rigs as oil prices remain at very low levels. The number of well completions remained steady from 77(final) in November t …

CNNMoneyOil driller cut 25000 jobs, paid CEO $18 millionCNNMoneyThe company cut 25,000 jobs during the year, or 20% of its workforce. Revenue was down 27%, and profit plunged 41%. Schlumberger (SLB) shares tumbled 18%. The weak results and layoffs are the …

Wall Street JournalChevron, Exxon Cut Spending on Oil Price SlideWall Street JournalAs costs to drill and pump oil and gas continue to fall in the low-price oil environment, the biggest U.S. oil company said it expects to shave another $1 billion off its c …