Oil Prices Archives - Page 3 of 6 - CFO

The Global Oil Glut Is On

The Global Oil Glut Is On

Global oil output surges in January, and the IEA says 'short-term risk to the downside has increased.'

By Katie Kuehner-Hebert | February 9, 2016

BP to Lay Off About 4,000 Workers

BP to Lay Off About 4,000 Workers

The industry may have more capacity to cut as some analysts are projecting depressed crude oil prices through 2016.

By Katie Kuehner-Hebert | January 12, 2016

Moody’s Slashes 2016 Forecast For Oil Prices

Moody’s Slashes 2016 Forecast For Oil Prices

Moody's lowers its price assumptions for next year for crude oil benchmarks.

By Katie Kuehner-Hebert | December 15, 2015

U.S. to Sell Oil Reserves To Raise Cash

U.S. to Sell Oil Reserves To Raise Cash

The 2015 budget deal calls for selling 8% of the country's Strategic Petroleum Reserve.

By Katie Kuehner-Hebert | October 27, 2015

U.S. Oil Output To Decline in 2016, OPEC Says

U.S. Oil Output To Decline in 2016, OPEC Says

OPEC appears to have calculated correctly that increasing its production in response to falling oil prices would force out high-cost U.S. producers.

By Katie Kuehner-Hebert | October 12, 2015

Oil Glut to Continue Through 2016

Oil Glut to Continue Through 2016

The International Energy Agency says a "rebalancing" between supply and demand is under way but it will be a lengthy process.

By Katie Kuehner-Hebert | August 12, 2015

Oil Prices Slide To New Lows on ‘Bearish’ Data

Oil Prices Slide To New Lows on ‘Bearish’ Data

With demand from China slowing and a supply glut continuing, prospects of a price rebound in the second half of 2015 have "evaporated."

By Katie Kuehner-Hebert | August 3, 2015

Oil Prices to Fall Through 2016 Until Supply Rebalances

Oil Prices to Fall Through 2016 Until Supply Rebalances

Low prices and large inventories are not stopping OPEC from adding to the glut of crude oil.

By Katie Kuehner-Hebert | July 10, 2015

Gasoline Leads Rise in Consumer Prices

Gasoline Leads Rise in Consumer Prices

The U.S. Consumer Price Index jumped 0.4% in May, the largest increase in two years.

By Katie Kuehner-Hebert | June 18, 2015

Oil Glut May Last Until 2016

Oil Glut May Last Until 2016

OPEC countries pumped oil at record monthly rates in May.

By Katie Kuehner-Hebert | June 16, 2015

Wholesale Prices Drop

Wholesale Prices Drop

A strong U.S. dollar and a fall in gasoline prices caused a 0.4% reduction in the producer price index in April.

By Katie Kuehner-Hebert | May 14, 2015

Oil Firms Take an Ax to Their Headcounts

Oil Firms Take an Ax to Their Headcounts

April layoff numbers were the highest since May 2012, reports Challenger, Gray & Christmas.

By Katie Kuehner-Hebert | May 7, 2015

Banks Taking Steps to Mitigate Energy Loan Losses

Banks Taking Steps to Mitigate Energy Loan Losses

Many financial institutions surveyed by the Fed expect the quality of energy loans to deteriorate in 2015.

By Matthew Heller | May 5, 2015

U.S. Shale Oil Output Set to Fall

U.S. Shale Oil Output Set to Fall

Oil company cutbacks will cause a drop in output in May, but it may take until the second half for oil prices to be affected.

By Katie Kuehner-Hebert | April 14, 2015

Crude Stocks Curtailing Oil’s Rebound

Crude Stocks Curtailing Oil’s Rebound

Robust U.S. oil production and other factors are causing crude inventories to soar, setting the stage for another drop in oil prices.

By Katie Kuehner-Hebert | March 13, 2015