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Tag: oil prices
How will plunging oil prices affect Dubai's glittery real estate sector?
2014-12-21 19:52:35| Real Estate - Topix.net
The big threat to the market is that lower oil revenues in the Gulf could slash the amount of money available to buy Dubai property The plunge in oil prices may take more of the froth off Dubai's booming real estate market, but broad-based demand for property is likely to prevent any crash, said a report. As the global financial crisis slashed oil and equity prices in 2008, Dubai's real estate market began a collapse that roughly halved residential prices in 12 months and forced the restructuring of tens of billions of dollars of corporate debt.
Experts: Lower oil prices pose threat to Texas economy
2014-12-21 00:49:21| Oil & Gas - Topix.net
But lower oil prices are also a risk factor for the overall Texas economy, which depends heavily on the energy industry. In fact, some experts say Texas is in danger of losing billions in revenues and hundreds of thousands of jobs due to the declining price of oil.
Will Lower Oil Prices Threaten Whiting Petroleum, the New King of Bakken?
2014-12-20 15:45:12| Electronics - Topix.net
Earlier this month, Denver-based Whiting became the leading Bakken producer by closing its $3.8 billion acquisition of Kodiak Oil & Gas. The combined entity produced almost 128,000 barrels of oil equivalents a day during the third quarter.
Fall in oil prices 'temporary'
2014-12-18 15:21:12| BBC News | Business | UK Edition
Recent falls in the price of oil are likely to be temporary, says the oil minister for Saudi Arabia, Opec's biggest producing nation.
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Oil prices plunge, signaling drilling slowdown
2014-12-14 18:47:48| Oil & Gas - Topix.net
U.S. benchmark oil dropped $2.14 Friday, or 3.6 percent, to $57.81 a barrel. Brent, the international benchmark, lost $1.83, or 2.9 percent, to $61.85 a barrel.
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