Posts Tagged "Oil"
Opec agrees on oil output cut
Some of the world’s biggest oil producers finally agreed to cut production for the first time in eight years, sending crude prices higher by more than 6 per cent and sparking big gains for...
Third Energy to begin Fracking
This week North Yorkshire County Council approved the application by Third Energy to begin fracking apre-existing well near the village of Kirby Misperton. This is a landmark decision as it is the first time...
Oil Layoffs Hit 200,000
Christopher Forbes, energy analysts and journalist for Forbes has written the collapse in oil prices has so far claimed more than 200,000 jobs worldwide. The data collected over the past year by staff at Oklahoma...
Oil Price Crash worse Than 1986
Morgan Stanley has revised it’s rather pessimistic view about oil prices in 2015. Previously analysts had warned the down turn could even rival the iconic price crash of 1986, but definitely no worse. It...
Why the oil price is falling
The oil price has fallen by more than 40% since June, when it was $115 a barrel. It is now below $70. This comes after nearly five years of stability. At a meeting in...
