All publications by tag «PRICE»
2015, July, 30, 19:24:00
OPEC & RUSSIA BALANCE
OPEC and Russia say they expect the global oil market to become more balanced and stable next year after the recent sharp drops.
2015, July, 30, 19:15:00
SHELL CUTS 6,500
Royal Dutch Shell said Thursday it will cut 6,500 jobs as it braces for up to several years of low oil prices.
2015, July, 30, 19:10:00
SAIPEM CUTS 8,800
Italian services firm Saipem said Tuesday it will cut 8,800 jobs during the next two years after booking about $1 billion in write downs in the second quarter and slashing its annual guidance.
2015, July, 30, 19:05:00
BP DOWN $6.3 BLN
BP swung to a $6.3 billion second quarter loss on Tuesday after write downs tied to the ongoing conflict in Libya and the company’s recent Deepwater Horizon settlement.
2015, July, 30, 19:00:00
WEATHERFORD CUTS 11,000
Weatherford International boosted its headcount reduction target by 1,000 on Thursday to 11,000 positions.
2015, July, 17, 12:40:00
SHELL EXPECTS $90
The Anglo-Dutch energy giant is betting on crude rising to $90 a barrel by 2020, a key assumption in its move to buy rival BG Group (BG.L) for $70 billion to help transform it into a leading player in the costly deepwater oil production and liquefied natural gas (LNG) markets.
2015, July, 17, 00:35:00
SCHLUMBERGER DOWN 30%
Schlumberger Ltd.'s second-quarter earnings fell 30% on plunging revenue, as the oil-services sector continues to grapple with weak oil prices.
2015, July, 16, 19:30:00
OIL PRICES HAVE TIGHTENED
Low oil prices have tightened the screws on some of the most depleted and costly oilfields in Britain's North Sea, forcing operators to cease production earlier than planned and adding to fears of a domino effect in mature areas.
2015, July, 13, 19:30:00
US DEBT: THE GREATEST
“It’s a serious problem not just for the United States but for the whole world economy. Debt exceeds gross domestic product there.”
2015, July, 13, 19:15:00
OIL CAN DOWN
Massive oversupply is likely to push oil prices down even further, the International Energy Agency (IEA) said on Friday, adding that the rebalancing of the market was likely to last well into 2016.