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UPDATE 2-Australia investigating service stations for possible failure to pass on oil plunge
2015-01-15 10:56:17| Oil & Gas - Topix.net
Australian authorities said on Thursday they would start investigating petrol stations without warning for possible price fixing after a lawmaker accused some of failing to pass on huge falls in the oil price to consumers. The probe will put additional pressure on firms like Chevron Corp and its half-owned retail subsidiary Caltex Australia Ltd, Britain's BP Plc and Dutch Vitol which dominate Australia's service station industry.
Australia investigating service stations for possible failure to pass on oil plunge
2015-01-15 05:00:59| Grocery - Topix.net
Australian authorities said on Thursday they would start investigating petrol stations without warning for possible price fixing after a lawmaker accused some of failing to pass on huge falls in the oil price to consumers. The probe will put additional pressure on firms like Chevron Corp and its half-owned retail subsidiary Caltex Australia Ltd, Britain's BP Plc and Dutch Vitol which dominate Australia's service station industry.
Tags: service
australia
pass
oil
T. Boone Pickens Picks Up Energy Stocks Amid Oil's Plunge
2015-01-08 19:26:16| Logistics - Topix.net
Legendary energy entrepreneur T. Boone Pickens is putting his money where his mouth is. He told Fox Business Network that oil will rebound to $100 a barrel in 12 to 18 months.
Tags: energy
picks
stocks
oils
Oil price plunge means layoffs for Ohio steel workers
2015-01-07 16:32:40| Steel - Topix.net
United States Steel Corp said it would temporarily idle its pipe manufacturing plant in Lorain, Ohio and lay off 614 workers, largely due to weak demand from the oil industry. "The company has suddenly lost a great deal of business because of the recent downturn in the oil industry," the notice reads.
Biz Break: Stocks plunge as CES 2015 prepares to kick off
2015-01-06 01:57:30| Oil & Gas - Topix.net
Today: Mounting concerns about a plunge in oil prices roils Wall Street, and tech stocks get caught up in downturn even as CES brings waves of Silicon Valley tech invocation to light. Wall Street suffered its worst day in months Monday, as investors continued to be wary of plunging oil prices, and Silicon Valley technology stocks were not immune to the weakness as many showed off new advances ahead of the official kickoff for CES .
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