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Montevideo, October 1st 2023 - 01:20 UTC

Tag: Graves & Co

  • Friday, November 27th 2015 - 15:22 UTC

    Oil jobs lost: 250.000 and counting, Texas likely to see massive layoffs soon

    According to Graves & Co., oil and gas companies have laid off more than 250,000 workers around the world, a tally that will rise if prices remain so low

    Crude oil just capped off a third straight week of declines, as WTI nears the $40 per barrel threshold. Goldman Sachs is once again raising the possibility of oil dipping into the $20s per barrel. That spells more pain for the energy sector. Many companies have already slashed spending and culled their payrolls, but the total number of job losses continues to climb.