Energy Sector

Oil Price Slump Greatly Hitting Energy Companies like Freeport-McMoRan

Oil Price Slump Greatly Hitting Energy Companies like Freeport-McMoRan The drop in oil and commodity prices has taken its toll on many companies globally and the same goes for Freeport- McMoRan, one of the largest producers of copper and gold in the world.

US Crude Oil Price Hits Another Low as Inventory Builds Up

US Crude Oil Price Hits Another Low as Inventory Builds UpOn Wednesday, U. S. oil prices slipped further to lower than $27 per barrel. It's the lowest level noted since 2003. The investors are caught amidst a slump in price and an oil supply glut that's taking a toll on the oil prices globally. However, there is no sight of relief and oil continues it's down ward swing dropping greater than twenty five percent this year till now.

BP Reducing Alaska Workforce This Year

BP Reducing Alaska Workforce This YearA BP spokeswoman said that the company is cutting about two hundred and seventy jobs in Alaska.

In Eight Days the Crude Oil Futures Rise for First Time

In Eight Days the Crude Oil Futures Rise for First TimeOn Wednesday, the crude oil futures scaled for the very first time in more than a week. Last week the U. S.

California Lawmakers Seek Stricter Regulation to Avoid Gas Leaks from Storage Wells

California Lawmakers Seek Stricter Regulation to Avoid Gas Leaks from Storage Wells Stronger regulations are being brought in by the California lawmakers to avoid natural gas storage leaks. One recent in Los Angeles have sickened many residents and forced thousands or people to move away from their homes.

Earthquake in Oklahoma Rises; Call for Restrictions on Energy Firms on the Cards

Oklahoma earthquakesOklahoma experienced some strong earthquakes last week. One of them was the strongest ever recorded in the entire state. That has now led the governor to think about making changes regulations for drilling for oil and gas and lessen the seismic activities, which the scientists connect to the processes involved in the energy industry.

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