Brent crude prices surpassed 50 dollars a barrel
Oil futures came closer to 50 dollars a barrel on Wednesday, with U.S. crude hitting its highest in over seven…
ExxonMobil’s earnings halved in 2015
ExxonMobil Corp., the world’s largest publicly traded oil company, said its net income fell 50% in 2015 to 16.15 billion…
Lukoil reduces investments, negotiates the sale of Baltic business
Lukoil plans to reduce investment this year with about 1.5 billion dollars from the amount previously expected, due to lower…
Crude oil price will stay in the 20s, but not for long
Brent crude, used as an international benchmark, fell on Monday as low as $27.67 a barrel, its lowest since 2003,…
The gasoline price fell to 52 cents per liter in the US
The average price of gasoline in the US reached its lowest level in seven years, positioning itself at a little…
Oil falls to smallest price after crisis
Crude oil tumbled to its weakest levels in 6-1/2 years while industrial metals prices also hit multi-year lows amid a…
Oil slips closer to a six-year low
Oil prices fell towards six-year lows on Monday on data showing the economy of Japan, the world’s third-biggest oil consumer,…
OPEC set to hold line on oil output
OPEC is set to carry on pumping oil nearly flat-out for months more, content that last year’s shock market therapy…
Oil’s 45 percent rebound could be markets’ next headache
Whisper it, but the next challenge for financial markets and policymakers may not be deflation, but the remarkable surge in…
How the Petrobras scandal buried Brazil’s dream for offshore oil
Buried off the coast of Brazil, beneath miles of seawater, rock and salt, lay vast oil reserves – at least…
Central banks cannot use the declining oil prices, interests are too low
###author### Central bankers unable to cut interest rates are failing to turbocharge the effect of declining oil prices, according to…
Junk energy bonds find much needed support
Fear has given way to greed in risky US energy bonds. After last year’s oil crash pummeled the US energy…
Demetrescu: IFIs interested in Hidro Tarniţa, in May we’ll know who prequalifies
###author### International financial institutions (IFIs) like the World Bank, International Finance Corp. (IFC), European Bank for Reconstruction and Development (EBRD),…
Russia may lose 160 billion dollars due to low barrel price
Russia would lose some 160 billion dollars over a year due to lower barrel price, Central Bank Governor Elvira Nabiullina…
Shell cuts spending by 15 billion dollars
Royal Dutch Shell shares fell on Thursday after the oil company missed profit expectations and announced a three-year, $15 billion…
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