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HomeOil prices

Oil prices

Business

Another company stops oil drilling in Mississippi due to falling prices

admin Comments Off on Another company stops oil drilling in Mississippi due to falling prices

MCCOMB, Mississippi — A second oil company is stopping drilling in the Tuscaloosa Marine Shale because of falling oil prices. Comstock Resources, based in Frisco, Texas, said Thursday that it would stop drilling in the […]

Business

Why has the price of oil plummeted and what does it mean for you?

admin Comments Off on Why has the price of oil plummeted and what does it mean for you?

NEW YORK (AP) — The price of oil has fallen by nearly half in just six months, a surprising and steep plunge that has consumers cheering, producers howling and economists wringing their hands over whether […]

Business

Oil prices take another dive on basis of OPEC projections, increase in domestic production

admin Comments Off on Oil prices take another dive on basis of OPEC projections, increase in domestic production

The Associated Press The price of oil took another dive Wednesday, plunging to five-year lows amid mounting evidence that global supplies are far outstripping demand. The U.S. Energy Department reported a surprise increase in domestic […]

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