Lesar will have to bridge low oil prices with demands for increased profitability. Halliburton Co has disclosed that Jeff Miller will be replacing Dave Lesar, its current CEO who is set to retire on June 1. Lesar has been a… Read More ›
oil glut
Hedge funds and non-public private funds pour in money into U.S. shale
Technological advancements in shale oil have made it possible to significantly slash sunken costs. This is primarily the reason why investors are pouring in funds in the U.S. shale sector knowing that even if it were to hit $40 a… Read More ›
OPEC creates milestone by deciding to limit oil prices from January 2017
OPEC will now meet non-cartel members on December 9 to convince them that they should do the same. In a historical development, the world’s largest oil exporters have agreed on a cut to their oil production for the first time… Read More ›
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