Reeling under a load of debt and in a state of shock from the supply demand gap in what is probably the worst ever crisis to his the oil industry, U.S. shale producers, pipeline and refineries are scrambling to preserve… Read More ›
price war
Saudi Arabia and Russia could sign oil production agreement in coming days: Trump
In a statement, U.S. President Donald Trump said, he expects Russia and Saudi Arabia to reach an agreement on crude oil production in the next few days, and end the price war between the two which has “ravaged” the oil… Read More ›
British Airlines Monarch files for Administration leaving behind 110,000 customers overseas
The airlines has canceled all future bookings. The British government is making efforts at bring back all of Monarch’s stranded passengers back to the UK. On Monday, in a development that has prompted what is slated to be Britain’s biggest… Read More ›
Amazon’s acquisition of Whole Foods Market, the e-commerce giant is positioning itself to battle Wal-Mart
The U.S. groceries market just got hotter. Last year, when Wal-Mart Stores Inc acquired its peer Jet.com for $3 billion it created the world’s biggest brick-and-mortar retailer, eclipsing arch rival Amazon. Last Friday, Amazon.com Inc countered the move with its… Read More ›
German grocery chains launch price wars with Wal-Mart and Amazon in the U.S.
German grocery chains, such as Aldi and Lidl are set to expand their U.S. footprint despite Wal-Mart and Amazon’s dominance in the grocery sector. In a significant development, German grocery chain Aldi Inc is aiming to beat Wal-Mart, the world’s… Read More ›
Resurgence of U.S. shale oil changes the balance of power with traditional oil producers
U.S. shale producers realise that with great power comes great responsibility. In what could potentially offset OPEC’s move to cut oil productions so as to reduce the glut in the global oil pool, U.S. shale oil producers are plotting an… Read More ›
manageria.biz 