Oil Industry Cutting Jobs, Investment To Offset Lower Prices

DALLAS, TX (AP) – Oil companies are cutting investment, slashing jobs and selling off pipelines and other assets as crude prices plunge.          "It's going...

BP Reports 91% Plunge In 4Q Earnings

LONDON (AP) — BP's fourth-quarter earnings plunged 91 percent amid sharp declines in oil prices as the British energy company continued to make provision...

Gov. Edwards Discusses Future At Oil & Gas Group Event

LAKE CHARLES, LA (AP) — Industry leaders and state officials say times are tough in the oil and gas patch with low commodity prices...

Feb. 29 Appeal Date Set In Coastal Suit Against Oil Companies

NEW ORLEANS (AP) — A federal appeals court has set a Feb. 29 hearing date in a lawsuit that pits a south Louisiana flood...

Exxon Says Oil And Gas Will Still Dominate Energy In 2040

DALLAS (AP) — The way oil giant Exxon Mobil sees it, the global energy landscape won't be radically different in 2040 than it is...

Cheap Oil, Good For Consumers, Is Slamming Stocks. Why?

NEW YORK (AP) — Wall Street is drowning in oil.          Stocks are having their worst start to a year in history in part because...

Oil Prices Plunge And Stocks Hit Lowest Level Since 2014

NEW YORK (AP) — Another plunge in the price of crude oil sent stocks sharply lower on Wednesday, bringing the market to its lowest...

Biz Minute 1-20-16

The International Energy Agency predicts oil prices will fall even lower in this Biz New Orleans Daily Biz Minute.

Iran To Boost Oil Output By 500,000 Barrels, May ‘Surprise’ Markets, Lower Oil Prices

TEHRAN, Iran (AP) — Iran is aiming to increase its oil production by 500,000 barrels per day now that sanctions have been lifted under...

With Wave Of Iranian Oil Imminent, A Shudder In Saudi Arabia

WASHINGTON (AP) — A new wave of oil from Iran will flow into a global market awash in oil where prices are plunging to...

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