World News Insights
1-3 Minute Gist

All Topics Article

U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel

Wall Street Journal Original article ›

Keywords:


An unambiguous positive effect on the global economy of the 2014-2015 decline in oil prices

12/08/2014

The positive effect on the U.S. measured in percentage of GDP of savings from oil import bills- 0.5%. For Germany 0.8%, Japan 1.2%, China 0.8%, India 1.8%, South Korea 2.4%. A much needed boost for Japan, India, China, and the eurozone at a critical time of flagging economic growth.

Grouped Articles

Falling Oil Prices Spur New Bets on Global Economic Growth

Wall Street Journal 12/08/2014

As Oil Falls, a Look at the Risks

Wall Street Journal 12/09/2014

Oil Prices Slip Further After IEA Report

Wall Street Journal 12/12/2014

Oil Jobs Squeezed as Prices Plummet

Wall Street Journal 12/28/2014

Oil Prices Tumble to Fresh Lows

Wall Street Journal 01/06/2015

Big Trouble in Store for Oil

Wall Street Journal 01/06/2015

CSX Railroad and lower oil prices in 2015

01/13/2015

Grouped Articles

Cheaper Fuel Works on CSX Railroad

Wall Street Journal 01/13/2015

The new economics of oil: Sheikhs v shale

Economist 01/13/2015

U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel

Wall Street Journal 08/23/2015

Faces in Russia during the economic crisis of 2014-2016- Anatoly Artamonov, governor of the Russia's Kaluga region, and plants of Severstal

03/17/2015

This account of life in the Kaluga region, a provincial city 110 miles south of Moscow, shows how Russia is coping with the 50% drop in the value of the ruble and the drop in oil prices below $50. Anatoly Karmanov, the able and energetic Russian who once ran a collective in the Brezhnev era, says its stupidity to have to hide that he talks to business people in other parts of the world to attract investment. VW plans to continue investment in the country, Continental AG is continuing production based on replacement demand for tires. The auto industry which provides about half of the output in Kaluga is hit hard, with the Association of European Business estimate of about 39% drop in production in Feb. 2015 compared to Feb. 2014. Only about 40% of production cost is from local parts at assembly factories, the rest is imported parts at the new ruble exchange rate, leading to a jump in prices and slumping demand.

Grouped Articles

How Looming Recession Is Unsettling One of Russia’s Boom Cities

Wall Street Journal 03/17/2015

Changing Course, Russia Will Sell Rubles Instead of Buying

New York Times 05/14/2015

Upsides for Steel Industry in a Russian Downturn, Despite Sanctions

New York Times 06/16/2015

U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel

Wall Street Journal 08/23/2015

The path to penury

Economist 08/24/2015

As Oil Keeps Falling, Nobody Is Blinking

Wall Street Journal 12/07/2015

Impact of price drop to $60 for crude oil on oil drilling companies in 2014-2015

10/10/2014

Grouped Articles

Fracking Firms Get Tested by Oil’s Price Drop

Wall Street Journal 10/10/2014

Oil companies: Unsustainable energy

Economist 10/14/2014

OPEC Split as Oil Prices Fall Sharply

New York Times 10/13/2014

Oil prices plunge as production rises, fueling concern in OPEC - The Washington Post

Washington Post 10/15/2014

Refining Saudi Arabia’s Oil Strategy

Wall Street Journal 11/03/2014

Oil Slide Deepens, Ruble Crumbles

Wall Street Journal 12/01/2014

Iran's fragile economic recovery endangered by sharp drop in oil prices and continued western sanctions in 2015

12/23/2014

Grouped Articles

Oil Price Drop, Nuclear Deal Delay Unsettle Iran’s Economy

Wall Street Journal 12/23/2014

Oil Prices Tumble to Fresh Lows

Wall Street Journal 01/06/2015

Iran’s Nuclear Deal Could Open Oil Flood

Wall Street Journal 03/17/2015

Whatever the Ayatollah Wants

Wall Street Journal 04/21/2015

Americans’ Support for Iran Nuclear Deal Holds Steady — WSJ/NBC Poll

Wall Street Journal 06/30/2015

Iran’s Discount Deal for Global Oil

Wall Street Journal 07/14/2015

Layoffs in the U.S. oil and gas industry in 2015 with low oil prices

04/15/2015

Job losses of about 100,000 in the U.S. oil and gas industry by April 2015.

Grouped Articles

Oil Layoffs Hit 100,000 and Counting

Wall Street Journal 04/15/2015

U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel

Wall Street Journal 08/23/2015

As Oil Keeps Falling, Nobody Is Blinking

Wall Street Journal 12/07/2015

Oil Prices Plunge 5% After OPEC Stands Pat

New York Times 12/07/2015

The Oil-Price Rout: Blink and You Won’t Miss It

Wall Street Journal 12/12/2015

$15 Oil? It’s Already Here, in Canada

Wall Street Journal 01/15/2016

Lower prices for Canada's shale oil and Canada's economy, the impact in 2013-2016

02/20/2009

The significant impact on the Canadian economy and on Alberta of the lower prices for Canada's shale oil. Discounts for Canada's shale oil relative to Brent crude benchmark international oil pricesand U.S. benchmark price range from 20 to 50%. Canada's shale oil was Dat $80 per barrel in April 2013, compared to $94 for U.S. benchmark price and $106 for Brent international crude oil price. This has reduced GDP in Canada for 2012 by 0.4% for the second half of 2012, according to Canada's central bank. GDP growth is sluggish at 1.8% for 2012. The impact in lower government tax and royalty revenues is significant for Alberta.

Grouped Articles

Trade and Oil on Agenda as Obama Visits Canada

New York Times 02/20/2009

Canada Looks to Sell Its Oil Beyond U.S.

Wall Street Journal 08/23/2013

Oil Markets Fly Into a Perfect Storm

Wall Street Journal 10/09/2014

Oil companies: Unsustainable energy

Economist 10/14/2014

Oil prices plunge as production rises, fueling concern in OPEC - The Washington Post

Washington Post 10/15/2014

Global Oil Glut Sends Prices Plunging

Wall Street Journal 10/15/2014

Oil inventories and oil prices in 2015

03/06/2015

Grouped Articles

Oil Glut Sparks Latest Dilemma: Where to Put It All

Wall Street Journal 03/06/2015

Iran’s Nuclear Deal Could Open Oil Flood

Wall Street Journal 03/17/2015

Oil Markets: Use Your Illusion

Wall Street Journal 05/14/2015

U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel

Wall Street Journal 08/23/2015

The Global Battle for Oil Market Share

Wall Street Journal 12/16/2015

How American Shale Drillers Flipped OPEC’s Script

WSJ 05/24/2017

U.S. shale oil production and the oil price decline in 2014-2015

10/23/2014

Grouped Articles

The Oil Price Swoon Won’t Stop the Shale Boom

Wall Street Journal 10/23/2014

Refining Saudi Arabia’s Oil Strategy

Wall Street Journal 11/03/2014

Oil Prices Slip Further After IEA Report

Wall Street Journal 12/12/2014

How Crude Oil’s Global Collapse Unfolded

Wall Street Journal 12/14/2014

Big Trouble in Store for Oil

Wall Street Journal 01/06/2015

Oil’s Fall Continues Into 2015, and Stock Markets Shudder

New York Times 01/05/2015

U.S. oil inventories and oil prices- May 2015

05/14/2015

Grouped Articles

Oil Markets: Use Your Illusion

Wall Street Journal 05/14/2015

U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel

Wall Street Journal 08/23/2015

U.S. Oil Exports Double, Reshaping Vast Global Markets

WSJ 06/07/2017

The impact of lower oil prices in 2014-2015 on Mexico's plans to open its oil industry to foreign investment

12/06/2014

Grouped Articles

Mexico Mulls Curtailing Energy Bids Amid Falling Prices

Wall Street Journal 12/06/2014

Oil Prices Slip Further After IEA Report

Wall Street Journal 12/12/2014

Oil Prices Tumble to Fresh Lows

Wall Street Journal 01/06/2015

Mexico’s economy was supposed to soar. It’s starting to flop. - The Washington Post

Washington Post 08/08/2015

U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel

Wall Street Journal 08/23/2015

Mexico Strains to Lure World’s Oil Giants

Wall Street Journal 09/30/2015

The effects of lower oil prices in 2015 - (4) the effect on African countries

12/12/2014

Oil exporting countries in West Africa such as Nigeria, Ghana and Angola lose oil revenues, oil importing countries in East Africa such as Tanzania, Kenya, Mozambique and South Africa benefit with lower oil import bills.

Grouped Articles

Fall in Oil Prices Threatens Africa’s Economic Growth

Wall Street Journal 12/12/2014

Oil Prices Tumble to Fresh Lows

Wall Street Journal 01/06/2015

Big Trouble in Store for Oil

Wall Street Journal 01/06/2015

Dollar’s Rise Stings Africa

Wall Street Journal 03/25/2015

Businesses Seek Out New African Frontiers

Wall Street Journal 04/01/2015

Africa and commodity prices: No longer the kiss of death

Economist 04/30/2015

Decline in Nigeria's currency, the Naira, as oil prices drop in 2014-2015

12/03/2014

A 10% drop in Nigeria's currency by Dec. 2014. Foreign exchange reserves drop to $2 billion in Dec. 2014 putting Nigeria in a precarious financial situation.

Grouped Articles

Nigeria’s Tumbling Currency a Victim of Falling Oil Prices

Wall Street Journal 12/03/2014

Oil Prices Slip Further After IEA Report

Wall Street Journal 12/12/2014

Fall in Oil Prices Threatens Africa’s Economic Growth

Wall Street Journal 12/12/2014

Nigeria’s Central Bank Restricts Currency Trading to Prop Up Naira

Wall Street Journal 12/19/2014

Oil Prices Tumble to Fresh Lows

Wall Street Journal 01/06/2015

Iran’s Nuclear Deal Could Open Oil Flood

Wall Street Journal 03/17/2015

OPEC's loss of pricing power in 2015

06/01/2015

Saudi Arabia acting as a swing producer adjusted oil production to keep prices from falling in the period before 2015. Following the sharp drop in oil prices to below $50 in early 2015, prices steadied to about $65 for Brent crude in June 2015. The Saudi oil minister Naimi says he takes the long view on oil prices, and decides to continue Saudi production at earlier levels in June 2015. In a period of declining oil prices the Saudis and OPEC continue to produce oil at the same levels as before.

Grouped Articles

OPEC’s Pricing Leverage Is Weakening

Wall Street Journal 06/01/2015

OPEC’s Problem: There Is No Minister of Shale

Wall Street Journal 06/03/2015

OPEC Keeps Output Unchanged

Wall Street Journal 06/05/2015

OPEC, Keeping Quotas Intact, Adjusts to Oil’s New Normal

New York Times 06/05/2015

As Saudis Keep Pumping, Thirst for Domestic Oil Swells

Wall Street Journal 07/04/2015

U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel

Wall Street Journal 08/23/2015

The boost to the slowing Chinese economy from lower oil prices in 2015

03/16/2015

The lower oil prices provides a estimated boost to the Chinese economy of about $600 million a day, $18 billion a month, at a time when it is slowing and faces high debt levels.

Grouped Articles

A Windfall for China as Commodity Prices Plunge

Wall Street Journal 03/16/2015

U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel

Wall Street Journal 08/23/2015

China Has Big Eyes, Little Stomach for Oil

Wall Street Journal 08/27/2015

The Global Battle for Oil Market Share

Wall Street Journal 12/16/2015

Royal Dutch Shell's response to the drop in oil prices below $50 a barrel in 2015

01/29/2015

Shell will cut investment spending by $15 billion over 3 years, pull back from investments in shale, freeze dividend payments.

Grouped Articles

Royal Dutch Shell to Cut Spending Amid Lower Oil Prices

Wall Street Journal 01/29/2015

Non-U.S. Shales Prove Difficult to Crack

Wall Street Journal 03/19/2015

The Wall Street Journal

Wall Street Journal 04/30/2015

U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel

Wall Street Journal 08/23/2015

Oil Majors’ Dividends Survive Plunge in Oil Prices

Wall Street Journal 11/16/2015

Shell Lowers 2016 Capital-Spending Plan By $2 Billion to $33 Billion

Wall Street Journal 12/23/2015

Saudi price strategy in 2015 and U.S. shale oil drillers

01/10/2015

Grouped Articles

Saudi Arabia’s Cure for Shale Could Entail Shock Therapy

Wall Street Journal 01/10/2015

The new economics of oil: Sheikhs v shale

Economist 01/13/2015

Back to the Future? Oil Replays 1980s Bust

Wall Street Journal 01/14/2015

New King in Saudi Arabia Unlikely to Alter Oil Policy

New York Times 01/23/2015

Oil-Drop Pain Spreads to Saudi Arabia’s Energy Behemoth

Wall Street Journal 02/20/2015

Shale-Oil Producers Ready to Raise Output

Wall Street Journal 05/14/2015

Norway's Statoil with the drop in oil prices in 2015

01/23/2015

Grouped Articles

Statoil Tightens Its Belt as Oil Prices Plunge

Wall Street Journal 01/23/2015

Norway Angers Investors in Pipeline Network

Wall Street Journal 04/21/2015

U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel

Wall Street Journal 08/23/2015

The changing economic viability of mining in Canada's tar sands oil industry in 2012-2015

08/01/2007

Costs of synthetic crude manufactured from mining bitumen can exceed $100 a barrel as costs escalate in the recent boom in Alberta oil sands region. U.S. crude prices have dropped below $90 a barrel putting some large multibillion projects of Suncor Energy on hold. Production from U.S. Bakken oil fields in N. Dakota and limited pipelie space is changing the economics of production from tar sands.

Grouped Articles

How North Dakota Became Saudi Arabia

Wall Street Journal 10/01/2011

Canadian Regulator Waives Oil-Sands Enforcement Penalties

Wall Street Journal 06/13/2013

Keystone XL Review Sees Little Impact on Climate

Wall Street Journal 02/02/2014

Even Without Keystone Pipeline, Oil Has Flowed

Wall Street Journal 02/02/2014

A sticky ending for the tar sands

Economist 01/15/2009

U.S. Seeks New Rules for Rail Transport of Fuel

Wall Street Journal 07/24/2014

The effect of sharp oil price declines in 2015 on Saudi Aramco

02/20/2015

Saudi Aramco is seeking price cuts from suppliers as it faces a sharp decline in oil prices.

Grouped Articles

Oil-Drop Pain Spreads to Saudi Arabia’s Energy Behemoth

Wall Street Journal 02/20/2015

As Saudis Keep Pumping, Thirst for Domestic Oil Swells

Wall Street Journal 07/04/2015

U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel

Wall Street Journal 08/23/2015

From Venezuela to Iraq to Russia, Oil Price Drops Raise Fears of Unrest

New York Times 08/24/2015

OPEC’s Oil Output Strategy Seen Potentially Backfiring

Wall Street Journal 11/10/2015

Saudi Arabia, Squeezed by Low Oil Prices, Cuts Spending to Shrink Deficit

New York Times 12/28/2015

The effect of lower oil prices and other economic problems on the Russian economy 2015-2016

01/29/2015

Grouped Articles

Russia Lifts Crisis Cost Estimate

Wall Street Journal 01/29/2015

Iran’s Nuclear Deal Could Open Oil Flood

Wall Street Journal 03/17/2015

How Looming Recession Is Unsettling One of Russia’s Boom Cities

Wall Street Journal 03/17/2015

Russia, Brazil Mistakes Show How Inflation Can Still Arise

Wall Street Journal 05/03/2015

Oil Markets: Use Your Illusion

Wall Street Journal 05/14/2015

U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel

Wall Street Journal 08/23/2015


Support LyrArc

We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.

Support Lyrarc from as small as $1


Copyright © 2006 - 2026 Intelilinks LLC
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us