Tag: Gas Prices
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Oil prices continue to plummet on China concerns and a strong US Dollar
Oil prices fell on Tuesday as investors continued to worry about economic growth in China and the US dollar continued to pick up strength. Brent crude prices, a global benchmark for oil pricing, fell by 17 cents to $37.05 a barrel while US West Texas Intermediate crude fell by 7 cents to $36.69 a barrel. […]
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Chevron Is Slashing 7,000 Jobs As Oil Prices Continue To Plummet
87,000 people have lost their jobs in the oil sector this year and that number is about to increase. Plummeting oil prices are forcing Chevron to layoff 6,000 to 7,000 employees. The company is cutting investment by a fourth. “With the lower investment, we anticipate reducing our employee workforce by 6,000-7,000,” chairman and CEO, John […]
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Gas Prices To Remain Near Record Lows All Summer
If you are planning to take a road trip this summer you are in luck, gas prices are expected to remain close to their six-year lows throughout the travel season. AAA spokesperson Michael Green claims that OPEC’s decision Friday to keep production levels steady, at 30 million barrels a day, was expected, but “it is […]
