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As Big Oil shrinks, boards plot different paths out of crisis
February 7, 2016 by admin · Leave a Comment
By Ron Bousso and Terry Wade LONDON/HOUSTON (Reuters) – As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis. Crude prices have tumbled around 70 percent over the past 18 months to around $35 a barrel, leading to five of the world's top …
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As Big Oil shrinks, boards plot different paths out of crisis
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Saudi, Venezuela talk of OPEC, non-OPEC cooperation to stabilize oil market: SPA
February 7, 2016 by creative · Leave a Comment
Saudi Arabia's oil minister Ali al-Naimi discussed cooperation between OPEC members and other oil producers to stabilize the global oil market with his Venezuelan counterpart on Sunday, state news agency SPA reported. Venezuela's Oil Minister Eulogio Del Pino, who is on a tour of oil producers to lobby
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Saudi, Venezuela talk of OPEC, non-OPEC cooperation to stabilize oil market: SPA
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Prolonged oil slump sparks second wave of cuts to 2016 budgets
February 7, 2016 by admin · Leave a Comment
Less than two months into the year, the top U.S. shale oil companies have already cut their budget for 2016 a second time as the relentless drop in oil prices continues to erode their cash flow. With oil prices firmly
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Prolonged oil slump sparks second wave of cuts to 2016 budgets
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Volkswagen to offer generous compensation for U.S. customers: paper
February 7, 2016 by publisher · Leave a Comment
Volkswagen will offer generous compensation packages for the roughly 600,000 U.S. owners of diesel vehicles that emit an illegal amount of emissions, the head of its claims fund told a German paper. The German car maker has still not decided whether vehicle owners will be offered cash, car buy-backs, repairs or replacement cars, Kenneth Feinberg told Frankfurter Allgemeine Sonntagszeitung. Volkswagen in December asked Feinberg — who earlier headed the compensation funds for the…
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Volkswagen to offer generous compensation for U.S. customers: paper