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Tag: oil price
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.
VIDEO: Falling oil price bad news for Scotland
2015-01-07 14:58:41| BBC News | Business | UK Edition
Anas Sarwar calls on the prime minister to lead a cross-party delegation to meet North Sea Oil industry leaders.
Oil price dips below $50 a barrel
2015-01-07 09:37:10| BBC News | Business | UK Edition
The price of Brent Crude oil has fallen below $50 a barrel for the first time since May 2009.
Plummeting oil price casts shadow over fracking future
2015-01-06 12:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Theres no doubt that US-based fracking the process through which oil and gas deposits are blasted from shale deposits deep underground has caused a revolution in worldwide energy supplies. Yet now the alarm bells are ringing about the financial health of the fracking industry, with talk of a mighty monetary bubble bursting - leading to turmoil on the international markets similar to that in 2008. In many ways, its a straightforward case of supply and demand. Due to the US fracking boom,...
Oil Price Volatility To Push US Shale Industry Into Next Phase Of Consolidation And Productivity Gains
2015-01-06 01:24:38| oilandgasonline Home Page
Declining oil prices are impacting short term exploration and production (E&P) capital expenditures (CAPEX) and profitability, and will provide impetus to shift toward smart CAPEX and innovative operational expenditure (OPEX), according to new Frost & Sullivan research.
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