oil price

Chesapeake Energy Laid off workers, oil price as main reason

Chesapeake Energy joins other energy company such as Haliburton and Schlumberger by laying off workers to stay competitive as oil price getting lower. This is the latest move by the company after it had cut down on the spending and operational cost.

Low oil prices renders $1.5T worth of oil and gas production projects uneconomic

Some $1.5 trillion worth of new oil and gas projects wont be given a go ahead this year due to the low oil prices, according to research firm Wood Mackenzie.

Oil price decline makes gasoline less expensive

Enjoy the savings while it last. This is what the Americans are doing right now, as they took advantage of the cheap gasoline price and have their engine tanks full.

Oil price up 27% in just 3 sessions; OPEC agrees on a fair price deal

Oil price recovered as two sets of news made it positive for the energy sector. Opec says it'll try to get a fair price deal by speaking to other oil producers. The cut down in US Eenrgy production forecast also boosted the market sentiment. Oil price rose 27% in just last three sessions.

Oil at 6-year low, Sends stocks sinking

Oil price is at a 6-year low as stockpile increase. This spooked investors as it brings down stock shares, especially from the energy market.

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