Home / Tag Archives: brent crude (page 20)

Tag Archives: brent crude

10 percent of Yates Petroleum Corporation laid off

smokey pump jack

Yates Petroleum Corp. of Southeast New Mexico announced Wednesday that it has laid off about 10 percent of its workforce due to decreasing oil prices. The company has an operation in Artesia. Connie Esquibel, the human resource director and plan administrator, said in an email that Yates Petroleum Corp. had to “implement extreme cost cutting measures” due to the “sharply falling ...

Read More »

Economist: Oil prices may keep falling until June

CORPUS CHRISTI – Fifteen bucks. That’s all Irma Santillanes can spare for gas most days. Until recently, that made driving her 1999 Pontiac Bonneville a real guessing game. “Usually, I’d put $15 in the tank … and hope for the best,” she says, while filling up at a Sunoco service station on Corpus Christi’s Southside. The mother of two from Corpus Christi ...

Read More »

Shell, Qatar shelve petrochemical project as oil price falls

THE HAGUE, Netherlands — Shell, Europe’s largest oil producer, and Qatar Petroleum said Wednesday that they are scrapping a planned petrochemicals project in the Gulf nation due to falling energy prices. Shell said in a statement that high costs made the Al Karaana plant “commercially unfeasible, particularly in the current economic climate prevailing in the energy industry.” Oil prices have ...

Read More »

Oil dips below $45 as OPEC signals no cuts

NEW YORK — The price of oil has dipped below $45 a barrel following the latest sign from OPEC that the group doesn’t plan to cut production. The comments from the energy minister for the United Arab Emirates, a member of OPEC, put more downward pressure on crude Tuesday. The comments reaffirmed the position of OPEC’s Arab Gulf members that ...

Read More »