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Oil Prices Plunge 5% After OPEC Stands Pat
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Oil prices drop below $38 by mid-December 2015, as the Saudis continue to push prices down further by continuing production increases. No change is planned for 2016 and analysts expect low oil prices into 2016. At $38 a barrel it becomes uneconomical for most shale oil producers to operate in the U.S. About 50,000 jobs are lost in Texas and 250,000 jobs worldwide. This is a boost for large oil importers such as India, Japan, and Europe. China also stands to benefit from low oil prices. Nigeria, Venezuela, Iran and Russia have the most to lose from an extended period of low oil prices. Politics in the Middle East also may play a part in decisions as the Saudis oppose intervention in Syria and Iraq by Russia and Iran. Rising shale oil production in the U.S. could also be one of the additional targets of Saudi policy. One consequence is that OPEC is divided with the Saudis going their own way.
Continuing decline in oil prices at the end of 2015, with likely continued decline in 2016
12/07/2015
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Oil Prices Plunge 5% After OPEC Stands Pat
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Delta Airlines and lower oil prices in 2015
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Delta Expects Lower Fuel Prices to Boost Profit in 2015
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Delta Profit Soars on Lower Fuel Costs
Wall Street Journal 10/15/2015
As Oil Keeps Falling, Nobody Is Blinking
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Effect of continuing decline in oil prices by Dec. 2015 on the bond and stock prices of energy companies and companies with large debt
12/07/2015
Grouped Articles
Energy Sector Rout Intensifies on Mild Weather, OPEC
Wall Street Journal 12/08/2015
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
The Global Battle for Oil Market Share
Wall Street Journal 12/16/2015
Oil Plunge Sparks Bankruptcy Concerns
Wall Street Journal 01/12/2016
Effects of lower oil prices in 2015- (3) the effect on the airlines industry
12/10/2014
Grouped Articles
Slide in Fuel Costs Lifts Profits for Airlines, but Fares Won’t Fall
New York Times 12/10/2014
Oil Prices Slip Further After IEA Report
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Oil Prices Tumble to Fresh Lows
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Wall Street Journal 01/06/2015
Falling Oil Prices, a Boon to Airlines, Pose a Challenge for Airbus and Boeing
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Oil Markets: Use Your Illusion
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Winners and losers in emerging markets in 2015 with lower oil prices- Turkey and India are winners, China a beneficiary, Russia, Venezuela and Brazil are losers
01/18/2015
The economic prospects of emerging market countries have changed significantly since 2013. In Turkey political problems and a high current account deficit led to a slump in the lira and high interest rate policies by early 2014. In India the Congress party government let the economy drift in 2013 with no action taken. The newly elected Modi adminstration in 2014 and now lower oil prices are giving a major boost to economic growth in India. China with huge oil imports is also a beneficiary as it tackles problems from the boom years and growth slows to below 7%.
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Turkey’s economy: Saved by the well
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Turkish Officials Seen Stoking Crisis as Lira Hits Record Low
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A Windfall for China as Commodity Prices Plunge
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Nigeria's economy and the crisis in 2015 with lower oil prices, depreciating currency and decline in foreign investment
03/31/2015
The insurgency in the northeast leads to lack of security, leading to a decline in foreign investment. This adds to the problems created by lower oil prices in 2015, and the depreciating currency. Muhammadu Buhari, a northerner was elected by a 10 point vote margin in March 2015 to help improve the economic situation in Nigeria, Africa's largest country. The U.S. and Europe show a willingness to help the new Nigerian government tackle the many problems it faces.
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Businesses Seek Out New African Frontiers
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In Nigeria’s Election, Muhammadu Buhari Defeats Goodluck Jonathan
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Muhammadu Buhari, a Familiar, and Now Less Divisive, Choice in Nigerian Election
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Nigeria’s election: Three cheers for democracy
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Africa and commodity prices: No longer the kiss of death
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Former Strongman, Taking Over Presidency, Raises Hope in Nigeria
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Dividends of oil companies in 2015-2016 as the price of oil declines sharply
11/16/2015
Grouped Articles
Oil Majors’ Dividends Survive Plunge in Oil Prices
Wall Street Journal 11/16/2015
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
The Global Battle for Oil Market Share
Wall Street Journal 12/16/2015
Oil Plunge Sparks Bankruptcy Concerns
Wall Street Journal 01/12/2016
Economic growth in the Texas Dallas-Fort Worth region following the 2015-2016 decline in oil prices
06/20/2015
Grouped Articles
Dallas-Fort Worth Keeps Texas Engine Revving
Wall Street Journal 06/20/2015
Oil Prices Plunge 5% After OPEC Stands Pat
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The Global Battle for Oil Market Share
Wall Street Journal 12/16/2015
Oil Plunge Sparks Bankruptcy Concerns
Wall Street Journal 01/12/2016
$15 Oil? It’s Already Here, in Canada
Wall Street Journal 01/15/2016
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
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U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel
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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
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
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Iran’s Nuclear Deal Could Open Oil Flood
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Americans’ Support for Iran Nuclear Deal Holds Steady — WSJ/NBC Poll
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Iran’s Discount Deal for Global Oil
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India's energy shortages and efforts to increase investment for oil and gas production- 2012-2015
04/11/2012
Investment in oil and gas exploration by India of $16 billion is about half the amount invested by Brazil in the same 15 year period. The move in 2013 bringing state mandated natural gas prices closer to world prices is an effort to increase India's investment in the energy field.
Grouped Articles
Indian energy: A price worth paying
Economist 07/08/2013
Rupee Throws Oil on India's Subsidy Problem
Wall Street Journal 08/21/2013
Indian Firm to Pay $2.64 Billion To Build Its Stake in African Gas Project
New York Times 08/26/2013
The Poor Need Cheap Fossil Fuels
New York Times 12/03/2013
India Grapples With Soaring Energy Costs
Wall Street Journal 04/11/2012
Global Oil Glut Sends Prices Plunging
Wall Street Journal 10/15/2014
An extended period of low oil prices expected in December 2015 as Saudis and other producers plan no changes to production
12/07/2015
Linked Articles
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
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