NEW YORK (AP) — A sudden plunge in the price of oil is sending economic and political shockwaves around the world. Oil exporting countries are bracing for potentially crippling budget shortfalls and importing nations are benefiting from the lowest prices in four years.
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Falling oil prices shake up global economies
Walter Energy has mining operations in the U.S., Canada, and the UK. Canadian operations include three surface mines while UK operations include a surface and an underground mine.
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Overview of Walter Energy: The pure-play met coal producer
Alumina producers price their products at a percentage of aluminum prices. Alumina prices depend on prevailing aluminum prices on the LME.
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Why upstream profits increased with rising aluminum prices
According to the Oil & Gas Journal, at the beginning of 2014, Venezuela had ~298 billion barrels of proved oil reserves. Saudi Arabia is next with 266 billion barrels, followed by Canada with 173 billion …
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Why Venezuela plays an important role in the oil and gas industry
Stocks suffered their biggest losses in years and the dollar slumped on Wednesday after the latest inflation data from the United States and China fanned worries about a global slowdown, driving investors into safe-haven government debt. The selloff wiped out all of the year’s gains in major U.S. “Right now, the risk play is off the table until stability re-enters, whether it’s through better economic data, better grip and understanding of the Ebola concerns,” said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey. Federal Reserve might hike interest rates.
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Stocks slump, bonds rally as global economy fears mount
The company is the second-largest reserve holder in the Powder River Basin after Peabody Energy Corporation with reserves of 3.3 billion tons.
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Overview: A quick look at Arch Coal’s operations
In this series, we’ll analyze major coal producers’ debt and liquidity positions, cash burn, probability of default and credit ratings in an attempt to find out which company will be next.
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Why outlook is bleak for US coal producers
The number of natural gas rigs decreased throughout most of 2014. The number of natural gas rigs can indicate major natural gas producers’ sentiment towards drilling.
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Why natural gas rig counts confirm downward trend
Since the nationalization of its energy products, Venezuela’s crude oil production growth has stalled. At the same time, oil and gas production in the U.S. has surged ahead because of the shale boom.
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Why Venezuela’s oil policy changed the focus of US oil and gas
According to estimates, producing aluminum auto bodies raises the price of vehicles by more than $1, 000 per unit. Regardless, it’s expected aluminum use in auto bodies will increase tenfold by 2025.
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Must know: Steel companies are bracing for aluminum onslaught
As oil continues its spiral downward, how much further can it go?
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Cramer: Oil hit by ‘perfect storm’
As oil continues its spiral downward, how much further can it go?
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Cramer: Oil hit by ‘perfect storm’
The S&P futures rallied 28.25 handles from their overnight low of 1864.50 by 11 AM CT Tuesday, only to sell off and retest the low before a closing rally that left the Emini S&P futures (ESZ14:CME) up 9.25 handles. Crude oil closed down $3.90/bbl, a sharp continuation of a downtrend that has oil down $10 in as many days. While we don’t take the oversimplified view that the stock market tracks crude, or even bonds or gold, we do notice when the factors causing crude to drop so dramatically are also factors that could affect stocks.
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Crude oil instability, earnings overshadow stocks
With aluminum bodies, the total weight of a vehicle can be reduced by around 30%, and so automatically increase its fuel efficiency.
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Why aluminum use in automobiles is on the rise
Brent crude oil was steady at $85.25 at 7:30 GMT on Wednesday morning after posting its largest daily loss in two years on Tuesday. The commodity was weighed down by the International Energy Agency’s decision …
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Brent Steady After Tuesday’s Sharp Fall
In its Short-Term Energy Outlook (or STEO) report, the U.S. Energy Information Administration (or EIA) forecasted higher natural gas prices this winter.
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Must-know: Crucial months unfold for natural gas prices
Aluminum today is used to make wheels, engines, and hoods. The average aluminum content in vehicles has grown steadily since the 1980s.
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Why steel companies are jittery about aluminum
U.S.-led airstrikes have significantly degraded Islamic State’s ability to produce, sell, and refine oil
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Islamic State Loses Its Oil Business
Since 2008, a considerable amount of U.S. natural gas supply has come online. There hasn’t been an equal increase in demand. This is a result of the “shale revolution.”
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Why winter demand and natural gas production levels don’t agree
Occidental Petroleum Corporation (OXY) engages in oil and gas exploration and production in the U.S., Latin America, and the Middle East.
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A must-know introduction to Occidental Petroleum Corporation
