Heather Wallace

31 Flips | 1 Magazine | @HeatherWall33sd | Keep up with Heather Wallace on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Heather Wallace”

Oil price posts two-year highs - but how long can it last?

Oil’s long-neglected bulls finally had reason for cheer this week, after Brent crude prices lurched to two-year highs.<p>Benchmark Brent rose above $59 …

Oil

This Week in Petroleum

Rising crude oil prices are contributing to higher gasoline prices heading into Memorial Day weekend<p>Heading into the 2018 Memorial Day weekend, …

Oil

Why oil prices keep falling — and throwing the world into turmoil

The plummeting price of oil is still the biggest energy story in the world. It's bringing back cheap gasoline to the United States while wreaking havoc on oil-producing countries like Russia and Venezuela.<p>But <i>why</i> does the price of oil keep falling? Back in June 2014, the price of Brent crude was up …

The Saudi project, part two

STAGE one of Saudi Arabia’s plan—or perhaps hope—to restructure the oil market is taking longer than expected. By refusing to rein in production …

Saudis Boost Oil Pricing to Asia Most in Three Years

Saudi Arabia, the world’s largest crude exporter, increased the pricing terms for Arab Light sold to Asia by the most in three years as demand …

Oil

Oil drops as gain in Saudi Arabian output boosts Opec production

<b>Melbourne:</b> Oil fell after the first monthly gain since June as Saudi Arabia stepped up production, lifting Opec’s output beyond its collective quota …

Recent CSIS report outlines main US oil infrastructure challenges

The US crude oil renaissance has created strong demand for expanded US transportation systems, resulting in five primarily challenges, a recent …

Oil

Jeff Immelt’s Overhaul of GE Impeded by Falling Oil Prices

CEO’s rebuilding of General Electric still hasn’t satisfied many investors, and now there’s this oil business<p>After more than a decade rebuilding General Electric Co. to be a simpler industrial machine, Chief Executive Jeff Immelt finds his creation running rough.<p>The problem: too much oil.<p>Investors …

Oil

Low crude prices pressure Latin American producers, CSIS forum told

Depressed crude oil prices are putting new pressure on Latin American producing countries to improve terms if they expect to attract outside …

Oil

MARKET WATCH: NYMEX crude oil prices end February with a gain

The contract for US light, sweet crude oil for April delivery rose more than $1/bbl Feb. 27, and analysts said February marked the first monthly gain …

Oil

Oil price fall keeps eurozone inflation in negative territory

The fall in oil prices kept eurozone inflation in negative territory last month.<p>Consumer prices in the currency area fell 0.3 per cent in the year to …

Oil prices at $60 is 'new normal', says Colombian finance minister

Mauricio Cárdenas, Colombia's finance chief, says country is adjusting to new era of lower prices<p>The era of $100 oil is over, according to Colombia's finance minister, who said the country was preparing for a "new normal" of between $60 and $70 per barrel.<p>Mauricio Cárdenas said Colombia, which …

Oil

Falling Oil Prices Will Not Affect UAE Banks’ Growth- ENBD CEO

Wednesday 18 February 2015<p>Healthy levels of government spending will insulate UAE banks from any negative effects of the oil price fall, Emirates NBD …

Oil

OPEC might have an emergency meeting over low oil prices

Diezani Alison-Madueke is the current president of OPEC and the Nigerian oil minister. She told the FT that if the price "slips any further it is highly likely that I will have to call an extraordinary meeting of Opec in the next six weeks or so."<p>The next scheduled OPEC meeting is in June. The last …

Oil Continues to Fall, and OPEC Isn't Helping

It was another down day in the oil market: Crude prices fell more than 2 percent, with WTI finishing Feb. 23 below $50 a barrel for the first time in …

Brent crude up 5 percent as Saudi sees improved demand for oil

NEW YORK (Reuters) - Brent crude oil futures surged 5 percent on Wednesday, after Saudi Arabia’s oil minister said oil demand was growing and data showed Chinese factories were producing more than expected.<p>A pumpjack brings oil to the surface in the Monterey Shale, California, April 29, 2013. …

Oil

Oil prices in crisis

​The oil market is experiencing the largest price decline since 2008 as prices tumbled from over $100 per barrel in July 2014 to under $50 per barrel …

Keystone XL bill vetoed by Barack Obama after approval by Congress

U.S. President Barack Obama has vetoed a bill that would have approved construction of the Keystone XL oil pipeline.<p>The move, while expected, is …

Barack Obama

Opportunities in Adversity - Energy Spotlight

By Brian Campbell<p>My last Blog was in early December, ahead of our NorthernLights paper that focused on cost reduction. This paper highlighted that …

The City

Slumping Oil Prices Hit Calgary Housing

Low oil prices spark concern about health of bank growth prospects<p>Calgary, Canada’s fourth-biggest city, with 1.2 million people, is starting to feel the impact of the oil-price collapse.<p>Many companies, including some of the region’s largest employers, have slashed budgets, cut wages and frozen …

Oil

Dubai Shares Enter a Bull Market as Oil Rise Fuels Gulf Rally

Dubai’s stocks entered a bull market in the biggest two-day gain in the gauge’s history as oil rebounded and global equities rallied. Qatar’s main …

Why the oil price slump could hit UAE property

Top Gun was playing in the cinemas, Madonna was in the pop charts with Papa Don’t Preach and fashion was all about big perms and even bigger shoulder …

Real Estate

Oil’s Plunge Could Help Send Its Price Back Up

Jump in purchases of less-fuel-efficient vehicles is expected to goose demand<p>If something is cheaper, people will likely buy more of it. That core principle of economics is proving to be especially true with oil after its recent plunge.<p>Over the past six months, 53% of vehicle purchases in the U.S. …

Oil

Why the oil price is falling

THE oil price has fallen by more than 40% since June, when it was $115 a barrel. It is now below $70. This comes after nearly five years of …