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Small-Cap Shale Investors Scrambling on Oil Price Declines

Plummeting oil prices are pushing some of the small-cap companies which flourished as part of the U.S. shale energy boom close to their breaking point, while also prompting some well-known fund managers to aggressively buy energy stocks. Concerns about slowing growth in Europe and a stronger dollar have helped push the price of light crude […]

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South Sudan Refugees Stranded Between Floods and Fight

Given a choice between braving floods in her refugee camp in Ethiopia or returning home to war in South Sudan, Martha Nyakuk prefers the deluge of water. Nyakuk, 70, came from the city of Malakal in February after Africa’s newest nation plunged into civil war, ignited by a rivalry between President Salva Kiir, an ethnic […]

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Dark side of the boom: Diving oil prices could curb U.S. production

Any decision to drill for more oil is tied to its price, and although he’s not cutting back yet, the question looms for White and the rest of the country’s oil industry. If prices “continue to go down or stay down, you’ll see a bit of a slowdown,” he said. The plight of oil producers […]

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BP profits down 21% as oil giant hit by Russia problems

28 October 2014 Last updated at 06:06 ET The falling value of the rouble and lower oil prices have hit profits at oil giant BP. The company made $3bn (£1.86bn) in the July-to-September period, down from $3.7bn for the period last year. BP, a big investor in Russia through its 20% stake in Rosneft, said […]

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New Total chief to visit key oil contacts as Q3 profits dip

The new head of Total will embark on a tour to meet crucial contacts at oil-rich countries in the next few weeks and will forge ahead with cost cuts in the face of the falling oil prices that squeezed third-quarter profits. Europe’s second-largest oil company elevated former refining head Patrick Pouyanne to the CEO position […]

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5 Investing Factors to Consider After a Plunge in Oil Prices

For consumers, the recent drop in oil prices is a relief. Lower prices at the pump means more cash to spend on discretionary items like clothes, electronics, dining out and more. Certain businesses, such as shipping and airlines, certainly benefit from lower fuel expenses. However, the factors behind the decline indicate a weaker global economy, […]

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Bank tests comfort investors but growth worries persist

Major indexes on Wall Street ended mixed. The benchmark S&P 500 closed slightly lower after last week’s big gains, hurt by another drop in energy shares as oil neared a four-year low. Disappointing data showing the pace of growth in the U.S. services sector slowed in October to a six-month low also sapped buying sentiment. […]

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China Snaps Up Crude Oil As Prices Tumble

By Maria Gallucci – China is snapping up unusually high amounts of crude oil as global prices hit their lowest level in years, Wall Street Journal reported Monday. The buying spree could boost the weak international demand for oil, which has helped to push down prices by more than 25 percent over the past five […]

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Crude oil futures – weekly outlook: October 27 – 31

Investing.com – Oil futures ended Friday’s session lower, amid speculation rising global supplies will be more than enough to meet slowing demand. On the New York Mercantile Exchange, crude oil for delivery in December slumped $1.08, or 1.32%, on Friday to end the week at $81.01 a barrel. For the week, New York-traded oil futures […]

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Former Russian oil king Gunvor seeks to divest from the country

Swiss-based Gunvor, one of the world’s top five oil trading houses, was hit by short-lived turmoil in March when the United States imposed sanctions on its co-founder Gennady Timchenko and other Russian businessmen close to president Vladimir Putin over the crisis in Ukraine. Several U.S. companies briefly stopped trading with Gunvor but resumed after the […]