Category: Financial News

The Oil The oil industry; Price Drop

The oil production, with its history of up and down, is in its downturn since the 1990s, if not before.   Incomes are down for corporations that made huge profits in past few years, leading them to neutralize more than...

/ May 12, 2016

Oil Minister Of Saudi Arabia Sacked on Saturday

Saudi Arabia sacked their long serving oil minister Ali Al-Naimi on Ma7, 2016. Ali Al-Naimi who had been Saudi Arabia’s oil minister from 1995. Ali Al-Naimi was born in 1935. His full name is Ali bin Ibrahim Al-Naimi. He joined...

/ May 9, 2016

Is This Australian Man the Inventor of Bitcoin?

An Australian man long rumored to be associated with the digital currency Bitcoin has publicly identified himself as its creator, a claim that would end one of the biggest mysteries in the tech world. BBC News said Monday that Craig...

/ May 6, 2016

The Oil Price and Rally Update

Oil prices are steady today. Drop in production caused by wildfire in Canada and worries of increased production by OPEC. Now, crude oil was unchanged at $44.54 a barrel. An international over-supply of oil, prices down to a 13 years...

/ May 5, 2016

Investors Positive About Oil-Company Stocks Next Incomes

Exxon Mobil firm. rumored its worst quarterly results since 1999 on Friday, the most recent during a parade of woeful earnings from oil and gas producers world-wide for the primary 3 months of 2016 as a worldwide offer glut dragged...

/ May 2, 2016