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August 19, 2015

Glencore announce big drop in earnings

August 19, 2015 // 0 Comments

Glencore has announced a 26% drop in earnings in 1H15 on “substantially weaker commodity prices,” the company said in its half-year report. Adjusted EBITDA was US$4.6 [...]

Focus on the energy sector

August 19, 2015 // 0 Comments

AFTER gaining all necessary consents to build a new $100 million geothermal energy plant, Gisborne-based Eastland Group is now looking to build on increasing profits in the [...]

OPEC Is Taking A Hit Too

August 19, 2015 // 0 Comments

Though OPEC’s market share defense strategy is being pursued full throttle- with the 12-member group producing beyond its 30 M/bpd recommended ceiling every month this [...]

Read Chevron’s Notice Of 950 Job Cuts

August 19, 2015 // 0 Comments

Chevron has informed the Texas Workforce Commission that it will start cutting jobs in Houston in October. The company announced last month that it would shed its workforce [...]
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