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Tag: low prices
Low fossil fuel prices hindering climate change fight, says IMF
2015-12-03 13:38:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The International Monetary Fund has issued a warning before a meeting of the Opec oil cartel that permanently low fossil fuels are choking off investment in renewable sources of energy and hindering the fight against climate change. Oil prices rallied slightly amid reports later denied that Saudi Arabia plans to announce a 1m barrels a day production cut at the talks in Vienna on Friday. The price of Brent crude was up more than 2% at just under $43.50 in early trading on Thursday. But...
Low Oil Prices Will Continue To Drive U.S. Auto Sales
2015-11-18 20:49:13| Auto Dealers - Topix.net
Low oil prices have left consumers with more discretionary spending. This is leading to more miles driven, and higher U.S. auto sales.
VIDEO: India food prices soar amid low rainfall
2015-11-09 05:34:59| BBC News | Business | UK Edition
Many Indians are struggling to afford the inflated cost of lentils and other pulses after low rainfall lowers crop yields.
Low oil and gas prices lead to big writedown at Chesapeake Energy
2015-11-04 22:32:47| Energy - Topix.net
Chesapeake Energy performed better than analysts expected during the third quarter even as a $5.4 billion writedown wiped out its profits and the sustained drop in energy prices means more writedowns are coming. Chesapeake posted a net loss of $4.7 billion, or $7.08 a share, compared with a profit of $662 million, or 26 cents, a year earlier, the Oklahoma City-based company said Wednesday.
Low oil prices hit Exxon profits
2015-10-30 13:44:05| BBC News | Business | UK Edition
Low oil prices are still hitting profits at the world's largest publically traded oil company, Exxon Mobil.
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