France's Vallourec Axes Jobs, Seeks Capital Amid Oil SlumpWall Street JournalPARIS—France's Vallourec SA, a maker of high-strength steel for the oil sector, is to raise €1 billion ($1.08 billion), suspend its dividend, and ax more than 2,500 jobs, …

Financial TimesOil producers retool for lower pricesFinancial TimesUndoubtedly, costs have come down — especially given the sharp weakening in domestic currencies of most producer nations. Oil exploration companies will find themselves dictating terms to s …

Vallourec Seeks Capital as Oil Prices Pummel EarningsWall Street JournalPARIS—Vallourec said on Monday that it plans to raise about €1 billion ($1.08 billion) in fresh capital through new shares and convertible bonds as the company braces for widening loss …

Sydney Morning HeraldThe oil crash is kicking off one of the largest wealth transfers in human historySydney Morning HeraldEconomists are still hotly debating whether the oil crash has been a net positive for advanced economies. Optimists argue that cheap …

Wall Street JournalOil-Price Drop Takes Shine Off Steel TownWall Street JournalBut as drilling and exploration for new oil and gas slow with the drop in energy prices, cutbacks at heavy-industry companies are cropping up. The U.S. Steel Corp. plant here, w …

Voice of AmericaWill falling oil prices kill the Keystone XL pipeline?VoxIn some ways, Keystone XL — which would carry crude from the oil sands of Alberta down to refineries on the Gulf Coast — still matters about as much as it ever did. The recent plunge …