Wall Street JournalStocks Fall as Sliding Oil Prices Hit Energy SharesWall Street JournalWhile low oil prices should boost consumer spending and help companies save on costs, the underlying concern among investors is whether the decline in oil prices and e …
Wall Street JournalGlobal Stocks Fall on Oil Price WeaknessWall Street JournalStocks around the world fell Tuesday as renewed weakness in oil prices triggered a slide in energy shares. Brent crude oil was down 1.8% at $33.62 a barrel, hit by ongoing concer …
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 …
The EconomistAmerica lifts its ban on oil exportsThe EconomistFOR decades, the word “market” has been a misnomer for global trade in oil. Not only has the business been manipulated by an international cartel, OPEC, with varying degrees of success. Since 19 …
Wall Street JournalOil Prices Turn Lower as Rig Count RisesWall Street JournalMany analysts forecast more trouble ahead as heavyweight oil producers, including those in OPEC and Russia, continue to pump crude at a high pace in a bid to defend their market …
Wall Street JournalOil Prices Rise as Dollar RetreatsWall Street JournalOil prices rebounded late Friday morning, boosted by a falling dollar as commodity traders continue keeping a close eye on currencies after the U.S. Federal Reserve's interest-rate …
Business InsiderCrude oil just keeps fallingBusiness InsiderSince the OPEC meeting earlier in December, when the cartel decided it would not reduce production, oil's slide has continued virtually uninterrupted. WTI is down nearly 20% since December 4. …