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Tag: oil price
Oil price plunge threatens shale revolution
2016-01-26 19:54:00| Climate Ark Climate Change & Global Warming Newsfeed
Agence France-Presse: Producers of oil and gas from once hard-to-tap shale deposits are now facing the payback of the energy revolution they wrought: ultra-low prices forcing them out of business. This year is expected to be a make-or-break year for US shale producers, after the 70 percent plunge in crude prices, with many at risk of failure. Dozens of shale drillers sought bankruptcy protection in the last year as low oil prices made their operations uncompetitive and they could not pay debts. But many are holding...
Tags: price
oil
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Wall Street hit by oil price slide
2016-01-25 23:15:21| BBC News | Business | UK Edition
Shares on Wall Street close down, hurt by the slide in the price of oil.
Oil firm cuts 10,000 jobs on price fall
2016-01-22 02:12:43| BBC News | Business | UK Edition
Oilfield service provider Schlumberger reports heavy losses and 10,000 job cuts amid the ongoing slump in the price of crude.
Low oil price squeezing US frackers
2016-01-22 01:04:04| BBC News | Business | UK Edition
The global oil glut is squeezing the US shale industry.
Low oil price lifts United profits
2016-01-21 18:02:35| BBC News | Business | UK Edition
United Airlines saw its fourth-quarter income boosted by low oil prices, the company reports.
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