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Extended slump in oil taking toll on industry, economy

AP-heads-latest-OPEC - Fri, 07/31/2015 - 7:36am
NEW YORK (AP) — As drivers, shippers and airlines continue to enjoy lower fuel prices, the oil industry is responding to much lower profits with sharp cuts in spending and employment that are hurting economic growth. (...)
Categories: Business News, Oil

Extended slump in oil taking toll on industry, economy

AP-heads-latest5-business-oil - Fri, 07/31/2015 - 7:31am
NEW YORK (AP) — As drivers, shippers and airlines continue to enjoy lower fuel prices, the oil industry is responding to much lower profits with sharp cuts in spending and employment that are hurting economic growth. (...)
Categories: Business News, Oil

November retrial date expected for former BP engineer

AP-heads-latest-OPEC - Thu, 07/30/2015 - 9:04pm
NEW ORLEANS (AP) — Attorneys are eyeing a November retrial date for Kurt Mix, the former BP engineer charged with obstructing a federal investigation into the 2010 Gulf of Mexico oil spill. (...)
Categories: Business News, Oil

Scientist: Oil slick likely from natural seafloor seepage

AP-heads-latest-OPEC - Thu, 07/30/2015 - 7:43pm
LOS ANGELES (AP) — Beaches along the Santa Barbara County coast remained open to swimmers, surfers and sunbathers Friday as the Coast Guard worked to determine whether an oil slick that materialized just offshore this week was simply the result of natural ocean-floor seepage. (...)
Categories: Business News, Oil

Senate panel passes bill lifting crude oil export ban

AP-heads-latest-OPEC - Thu, 07/30/2015 - 10:35am
WASHINGTON (AP) — A Senate panel approved energy legislation Thursday that would lift the 40-year-old ban on crude oil exports and open more areas of the Arctic, Gulf of Mexico and the Atlantic Ocean to oil and gas exploration. (...)
Categories: Business News, Oil

Senate panel passes bill lifting crude oil export ban

AP-heads-latest-OPEC - Thu, 07/30/2015 - 6:37am
WASHINGTON (AP) — A Senate panel has approved energy legislation that would lift the 40-year-old ban on crude oil exports and open some areas of the Outer Continental Shelf to oil and gas exploration. (...)
Categories: Business News, Oil

OPEC chief expects oil prices to stabilize

AP-heads-latest-OPEC - Thu, 07/30/2015 - 4:05am
MOSCOW (AP) — OPEC and Russia say they expect the global oil market to become more balanced and stable next year after the recent sharp drops. (...)
Categories: Business News, Oil
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