FRANCE DECLARES STATE OF ECONOMIC EMERGENCY
Canada’s household debt hits alarming levels
Two-thirds of Norwegian oil wealth could disappear
If crude prices remain at current low levels, Norway could lose two-thirds of its estimated oil wealth, according to an analysis done by the country’s largest business newspaper Dagens Næringsliv.
The price of North Sea oil dropped below $28 per barrel last week compared to $110 in June 2014. read more…
Can’t give it away: Plunging oil prices pain producers
Oil is now cheaper than the barrels used to transport it. As the price of crude continues to drop, consumers are getting a break at the pump, while producers are struggling to survive in a business that is, in some cases, worth less than nothing. read more…