Energy Journal: Oil’s Decline Causes More Pain

Nov 20, 2018 - MoneyBeat
Negative Financial Results

Good morning. I’m Neanda Salvaterra, bringing you today’s energy mix. Saudi Arabia’s state-oil firm has given up on plans to raise funds through a debt issuance as several factors including the falling price of oil created stumbling blocks for the project. Tumbling crude prices are also the source of much drama on Wall Street as the founder of an options fund recently sent investors an emotional video apologizing for losing their money on bad crude bets. Elsewhere, Venezuela’s government...