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Tag Archives: Oil Prices

Goodrich Petroleum among recent energy companies delisted from New York Stock Exchange

crude prices rise

Goodrich Petroleum Corp., a Houston-based oil and gas producer, is the latest victim of low oil prices. The price of WTI slipped below $30 yesterday, and an impending rebound doesn’t seem likely. The company noted in a press release Goodrich it was removed from the New York Stock Exchange for “abnormally low price levels,” closing at only 16 cents on ...

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US, Iran forge new relationship as nuke deal advances

WASHINGTON — For diplomats from countries without diplomatic relations, Secretary of State John Kerry and Iranian Foreign Minister Mohammad Javad Zarif sure are doing a lot of diplomacy. As Iran races to satisfy the terms of last summer’s nuclear deal and the U.S. prepares to suspend sanctions on Tehran as early as Friday, Kerry is talking to Zarif more than ...

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BP to cut 4,000 jobs amid oil price plunge

LONDON — Oil company BP is cutting some 4,000 jobs in exploration and production over the next two years amid sharp drops in the price of crude. The cuts in BP’s upstream business globally will include the loss of some 600 jobs in the North Sea. The cost-cutting announced Tuesday comes as the price of oil dropped to a 12 ...

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Energy jobs struggle through oil downturn

Energy jobs struggle through oil downturn

The oil bust is more severe than any downturn in 45 years, according to the Houston Chronicle. Roughly 70,000 energy jobs have been lost so far and oil prices fell below $31 a barrel Monday. U.S. Crude fell to $30.98 a barrel on the New York Mercantile Exchange in morning trading. It was the sixth-straight day of losses in 2016. ...

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