Global Oil Prices

An Iranian war-boat fires a missile duri

The end of diplomatic relations between the Persian Gulf’s two major powers following the execution of prominent Shiite cleric Nimr Baqir al-Nimr and forty-six others on terrorist charges lead to a fall in oil prices on Monday. Analysts had expected prices to increase as OPEC became embroiled in a sharp division between two of its… Keep reading →

Apple Reports Quarterly Earnings

Apple is cleaning up its manufacturing operations in China to reduce the air pollution caused by the factories that have assembled hundreds of millions of iPhones and iPads. [ABC] Oil prices rose above $48 a barrel on Thursday, propelled by technical buying and investors re-evaluating U.S. data that showed falling stockpiles of fuel and higher crude… Keep reading →

Men working oil

Chief executives from 10 of the world’s largest oil and gas companies have pledged their support for reaching a climate change agreement at the upcoming conference in Paris. [FT] Oil prices seesawed on Friday as traders awaited Baker Hughes’ weekly rig count at the end of a week that saw prices slide nearly 7 percent.… Keep reading →

New Combined Electricity Project Connect Spain and France

Spanish energy company Repsol says it will sell $7.1 billion in non-strategic assets over the next five years as part of a plan to increase efficiency and cope with weak oil prices. [US News/AP] U.S. law enforcement officials revealed ISIS have attempted cyber attacks at a conference of American energy firms who were meeting about… Keep reading →

Olympic Green Ready For Games

The former chief of China’s biggest oil firm has been sentenced to 16 years in prison for accepting bribes. [BBC] Around 70% of Americans believe in the science behind global warming – the highest level of acceptance in the US since 2008, according to a new survey. [The Guardian] Global oil prices have bottomed out… Keep reading →

PCAOB Launches Audit Committee “Dialogue”

Global CO2 Levels Reach Unprecedented Monthly Highs

As part of its audit committee outreach efforts, the Public Company Accounting Oversight Board has established a webpage called “Audit Committee Dialogue” focusing on recurrent areas of concern identified by the PCAOB over the course of its inspections of audit firms and identifying new risks that the PCAOB is monitoring.

Unemployed Americans line up to enter a

The fall to six-year lows in oil prices has been swift and unexpected. The pace of energy sector layoffs in recent weeks has been similarly quick, if not so surprising. Job cuts are inevitable as oil and gas companies watch commodity prices tumble, but layoffs today could have significant ramifications for the sector tomorrow. For… Keep reading →

Stocks Continue Two Day Slide Downward After Federal Reserve Comments

U.S. stocks were down on Monday following concerns from investors about Greek debt negotiations and unsatisfactory Chinese economic data on top of uncertainty about U.S. interest rates. “After the market’s strong week last week, nine out of ten S&P sectors finished down Monday, with healthcare and utilities the worst performers. Only energy finished up slightly,… Keep reading →

U.S. Government Releases Over $5 Billion In Aid For Home Heating Bills

Benchmark crude oil price declines may threaten domestic producers’ continued production growth. On January 5, 2015, the Energy Information Administration (EIA) released a report — drawing from the S&P Goldman Sachs Commodity Index (GSCI) — showing that energy commodity prices recorded the largest declines in 2014 compared to non-energy commodities.  Notably, the GSCI’s energy component… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

  Enjoying Your Cheap Gas? Thank Fracking One of the biggest stories of 2014 has been the astonishing drop in global oil prices. The price of the benchmark Brent crude went from over $100 per barrel at the beginning of the year to the $60 range as of this writing. It’s worth noting how massive… Keep reading →