Source: US, Chinese naval officers hold video talks

Source: Germany is about to start up a monster machine that could revolutionise the way we use energy | Business Insider

The second-largest U.S.-based oil producer slashed its 2016 capital budget by 25 percent and said it would lay off roughly 10 percent of its workforce, one of the most-drastic reactions to date to the plunge in crude prices.

Source: Chevron slashes 2016 budget to weather low oil prices – BNN News

More than 450 jobs are to go at steel sites run by Caparo Industries across the UK, administrators say.

Source: Caparo steel group to cut 452 jobs across UK sites – BBC News

Imperial Oil says its profit for the third quarter fell to $479-million, down 49 per cent from last year as a result of the drop in global crude oil prices.

Source: Imperial Oil’s profit cut in half on lower oil prices