CNNMoneyStocks dive to lowest level in nearly 2 yearsCNNMoneyBut the main focus continues to be oil, which plummeted 6% to as low as $26.05 a barrel on Thursday. That's the weakest price since May 2003. Oil prices recovered a little and went back above …
BBC NewsCompaniesTullow Oil narrows losses despite oil slideFinancial TimesAfrica-focused oil group Tullow succeeded in narrowing losses last year despite booking hefty write-offs as it responded to the sharp plunge in oil prices. The group made a loss aft …
CNNMoneyStocks stay turbulent as oil dives below $28CNNMoneyLow oil prices are great for spenders at the gas pump, but they're spreading fear about energy companies potentially going bankrupt. There's also fear about the oil trouble spilling over i …
Yahoo FinanceOil bears beware, downside risk in crude may be limitedYahoo FinanceOil futures declined on Tuesday, with WTI crude falling back below $29 a barrel after the U.S. Energy Information Administration (EIA) cut its 2016 outlook for oil prices. The …
CNNMoneyStock market's terrible start to 2016 just got worseCNNMoneyWall Street is once again under pressure from the crash in oil prices. Oil fell another 3% and dropped back below $30 a barrel. Cheap oil is great for consumers but its dramatic downfa …
CNNMoneyWarren Buffett's $1 billion bet on oilCNNMoneyBerkshire already owned 61.5 million shares of the oil refining giant, and has recently spent $964 million to buy an additional 12 million shares of the company. Buffett's firm now owns 14% of P …
Yahoo7 NewsThese are early signs of capitulation for oilYahoo7 NewsSqueezed by falling oil prices, Russia is talking about privatizing its major companies to close its budget shortfall. Nigeria is seeking a World Bank loan to cover its $11 billion budget g …
CNNMoneyU.S. running out of space to store oilCNNMoneyCushing, Oklahoma is the delivery point for most of the oil produced in the U.S. This key trading hub is currently swelling with 64 million barrels of oil. That represents a near-record 87% of the facil …
FortuneOil Prices and Asian Markets Tumble Yet AgainFortune“There's no sign of improvement in the oil market. Demand is slowing in many emerging markets and in the U.S, which is the world's biggest consumer, oil inventories stood high,” said Shuji …
BBC NewsNorth Sea oil industry to receive emergency investment packageFinancial TimesDavid Cameron will fly to Aberdeen on Thursday to announce an emergency package to prop up the North Sea oil industry, including the first stage of a multibillion infrastr …