- America’s oil boom is faltering, and with US crude oil prices hitting lows unseen since 2009 this week, experts believe the fall may continue taking thousands of jobs with it.
Consumers may cheer the lower prices at the pump, but jobs are being lost in the energy industry across the world. In June, the Energy Information Administration said the US petroleum industry lost about 6.5% of its jobs from October to April, or about 35,000 of its 538,000 workers, citing US Bureau of Labor Statistics data.
Recent industry news
A pipeline in northwestern Alberta has spilled about 100,000 litres of a mixture of water, oil and gas.
Calgary-based NuVista Energy owns the six-inch diameter oil emulsion pipeline, which leaked on the Hay Lake First Nation, about 100 ... [8/24/2015 4:43:40 AM]
Jim Manatt Jr., CEO of Thrust Energy, began his speech to 150 or so of his “most pathologically optimistic friends” at the Summer Nape event this week with the words of one of his favorite philosophers: Will Rogers. [8/24/2015 4:39:45 AM]
Major oil and gas facilities in the northern Chinese port city of Tianjin were little affected by a massive chemicals blast at a nearby container port, industry officials said on Thursday, but some iron ore deliveries had been disrupted. [8/24/2015 4:38:24 AM]
CALGARY, ALBERTA, Jul 20, 2015 (Marketwired via COMTEX) -- Zargon Oil & Gas Ltd. (ZAR)(ZAR.DB) ("Zargon") is pleased to announce that Ron Wigham has been appointed to the Zargon Board of Directors effective July 20, 2015 and will also serve ... [7/21/2015 9:12:07 AM]
“I think part of it might be that financiers are hopeful of a turnaround,” said Chad Wilkerson, vice president, economist and Oklahoma City Branch executive at the Kansas City Federal Reserve Bank. “They’re still confident in the long-term ... [7/21/2015 9:09:40 AM]
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