The Globe and MailWill rising crude oil prices alter maths for central banks globally?Economic TimesThe recent spurt in global crude oil prices has created renewed interest on how monetary policymakers would respond to it. The orchestrated moves by central …

China's oil titans slashing output to limit lossesNikkei Asian ReviewChina Petroleum & Chemical Corp., or Sinopec, in February firmed up plans to suspend operations at four oil fields managed by subsidiary Sinopec Shengli Oilfield. The company' …

Nikkei Asian Review'New normal' oil prices slash state revenueNikkei Asian ReviewKUALA LUMPUR -- Gloomy senior executives at Petronas, Malaysia's state oil company, have described chronically depressed world oil prices as the "new normal&q …

CBC.caOil firms cut jobs, budgets as crude drop hit earningsThe Globe and MailWhile many companies have taken steps that will reduce planned future production, few have pulled back on existing production and are now grappling with a continuing supply glut …

Low Oil Prices Great For Consumers, Less So For InvestorsNPRMuch of the oil industry is gathered in Houston this week for an annual conference that serves as a deal-making forum for producers large and small. Deals may be harder to reach this year because …

BBC NewsOil price crash forces Premier to cut spending by 40%BBC NewsThe crash in oil prices has forced oil and gas explorer Premier Oil to cut spending on development next year by 40%. And it has said it will write off some $300m in its 2014 results, due …

RTOil tumbles to $45 a barrel, bringing cheer to consumers for nowTimes of IndiaNEW DELHI: Global oil prices breached the six-year low of $45 a barrel briefly on Tuesday but the last word is yet to be heard on how far crude would slide before bouncing back …