Tag: oil price

• Thursday, February 19th 2015 - 06:02 UTC

  GeoPark scales down operations in Magallanes because of falling oil prices

  

  Oil company GeoPark which operates in Magallanes, extreme south of Chile, reiterated its commitment and long term investment in the region but also announced the redundancy of 30 staff, first time in twelve years, because of a restructuring of the company to the new global oil industry scenario.

• Tuesday, January 27th 2015 - 06:50 UTC

  Oil Prices Changing The Face Of Global Geopolitics

  

  In a documentary that aired recently on the Canadian Broadcasting Corporation's popular The Fifth Estate program, an allegory of Vladimir Putin was presented. The wily Russian president was described growing up in a shabby St. Petersburg apartment, where he would often corner rats.

• Thursday, January 22nd 2015 - 11:36 UTC

  Oil price collapse hurting some more than others

  

  U.S. oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending on January 16. The lower count provides fresh evidence that low oil prices are forcing drillers to pare back operations and slash spending.

• Wednesday, January 14th 2015 - 07:47 UTC

  OPEC member stands by group's decision not to cut output to tackle glut

  

  Brent and US WTI crude oil prices fell to their lowest levels in almost six years on Tuesday as a big OPEC producer stood by the group's decision not to cut output to tackle a glut in the market.

• Tuesday, January 13th 2015 - 08:56 UTC

  The real cause of low oil prices: Interview with Arthur Berman

  

  With all the conspiracy theories surrounding OPEC's November decision not cut production, is it really not just a case of simple economics? The U.S. shale boom has seen huge hype but the numbers speak for themselves and such overflowing optimism may have been unwarranted. When discussing harsh truths in energy, no sector is in greater need of a reality check than renewable energy.

• Tuesday, January 13th 2015 - 07:39 UTC

  Goldman Sachs forecasts oil price close to 40 dollars for most of fist half of 2015

  

  The price of a barrel of the North Sea benchmark dropped on Monday by 5.5% to 47.36 dollars, its lowest level since early 2009. US crude oil was also at its lowest level since that time, down by 5% to 45.90 a barrel.

• Thursday, January 8th 2015 - 06:36 UTC

  Top five factors affecting oil prices in 2015

  

  As we ring in the New Year, let's take stock of where we are at with the oil markets. 2014 proved to be a momentous one for the oil markets, having seen prices cut in half in just six months.

• Monday, December 29th 2014 - 20:09 UTC

  Did The Saudis And The US Collude In Dropping Oil Prices?

  

  The oil price drop that has dominated the headlines in recent weeks has been framed almost exclusively in terms of oil market economics, with most media outlets blaming Saudi Arabia, through its OPEC Trojan horse, for driving down the price, thus causing serious damage to the world's major oil exporters – most notably Russia.

• Monday, December 22nd 2014 - 08:48 UTC

  Oil price may slump to US$ 20... or then again maybe not

  

  Market analysts describes two possible international scenarios. Whichever one prevails will be decisive. But it is not happenning soon.

• Thursday, December 11th 2014 - 12:46 UTC

  Falling world oil prices shatter Argentine stocks for second day running

  

  Argentine stocks closed down 6.85% Wednesday, weighted down by falling oil prices for a second day of heavy losses. As oil prices sank to new five-year lows, the Merval stock index in Buenos Aires shed more than 600 points to 8,279.04, after losing 7.22% Tuesday.