Barclays Cuts Oil-Price Forecasts on World Supply Surplus – Bloomberg


Bloomberg
Barclays Cuts OilPrice Forecasts on World Supply Surplus
Bloomberg
The bank reduced its 2015 estimate for the average Brent price to $93 a barrel from $96, and for West Texas Intermediate to $85 from $89. Still, oil has probably reached its lowest point for this year as the oversupply temporarily diminishes and
UPDATE 4-Goldman slashes 2015 oil price forecast as glut growsReuters
Brent crude oil price drops below $86 in face of rising global supplyThe Guardian
Why the Drop In Oil Prices Caught So Many By SurpriseWall Street Journal (blog)
Fortune –CBC.ca –The Atlantic
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BP raises dividend despite drop in oil price, Russia – CNBC


CNBC
BP raises dividend despite drop in oil price, Russia
CNBC
“Growing underlying production of oil and gas and a good downstream performance generated strong cash flow in the third quarter, despite lower oil prices. This keeps us well on track to hit our targets for 2014,” BP Chief Executive Bob Dudley said in a …
BP raises dividend for third quarter despite drop in oil prices and profitsThe Guardian
How Slumping Oil Prices Hit Russia’s Sanctions-Struck Oil IndustryThe Moscow Times
BP Slammed on Oil Price Plunge But Still Beats ConsensusNatural Gas Intelligence
Reuters –Breakingviews
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Why Does Saudi Arabia Seem So Comfortable With Falling Oil Prices? – NPR (blog)


NPR (blog)
Why Does Saudi Arabia Seem So Comfortable With Falling Oil Prices?
NPR (blog)
Oil prices continue to tumble: down about 25 percent since mid-June to a four-year low, and many analysts believe there is no end in sight. While that’s good for consumers and most businesses in the U.S., the falling price is bad for oil-exporting
Oil Price: Beginning Of A DowntrendSeeking Alpha (registration)
How drop in oil price will affect Arab Spring countriesAl-Arabiya
Why Oil Prices Are About To SettleOilPrice.com
Hellenic Shipping News Worldwide –RIA Novosti
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Weaker Canadian dollar offsets fall in price of crude oil – The Globe and Mail


Calgary Herald
Weaker Canadian dollar offsets fall in price of crude oil
The Globe and Mail
Oil sands executives might concur. As North American and global crude oil prices hit the skids, falling this week to four-year lows, producers in northern Alberta are benefiting from strengthening prices for Western Canada Select (WCS) heavy oil and a
Stock price predictions fall on lower oil decksCalgary Herald
National Bank Financial Trims Canadian Oil Sands Target Price to C$20.00 (COS)Ticker Report
National Bank Financial Lowers Canadian Oil Sands Price Target to C$20.00 Mideast Time

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Oil: blind-sided by technology – Trinidad & Tobago Express


The Rakyat Post
Oil: blind-sided by technology
Trinidad & Tobago Express
American production has almost doubled in the past five years thanks to the new drilling technologies, and the US overtook Russia last year to become the world’s largest producer of oil and gas combined. (Saudi Arabia comes a distant third.) With
The World View: Blind-sided by technologyBendigo Advertiser

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Goodyear: Cheap Valuation, Low Oil Prices, And New Technology Could Lead … – Seeking Alpha (registration)

Goodyear: Cheap Valuation, Low Oil Prices, And New Technology Could Lead
Seeking Alpha (registration)
However, now that the dust is settling, investors should begin to realize that Goodyear shares do not deserve to trade this cheap, especially with new product technology and lower oil prices that could reduce Goodyear’s manufacturing costs and increase

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Magic City Newsmakers: Express Oil Change, Belk, MCM Technology & more – Birmingham Business Journal (blog)

Magic City Newsmakers: Express Oil Change, Belk, MCM Technology & more
Birmingham Business Journal (blog)
Express Oil Change has launched a new credit card with up to a year of deferred interest financing. The new Belk flagship store at the Riverchase Galleria held its grand opening and ribbon cutting on Oct. 15. John Russell Landscape unveiled a

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Kuwait plays down row with Saudi over shared oilfield – Yahoo News


Yahoo News
Kuwait plays down row with Saudi over shared oilfield
Yahoo News
A Kuwaiti oil trade union and Kuwaiti media have accused Saudi Arabia of unilaterally halting the field’s production of 311,000 barrels per day, which had been shared equally between the two Arab states. Foreign ministry undersecretary Khaled al
Kuwait Eases Tensions in Saudi Joint Oilfield RowInternational Business Times UK
Kuwait says technical, not political, reasons behind oilfield closureReuters
Kuwait Said to Deny Work Permits for Saudi Chevron Field StaffBloomberg

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UPDATE 4-Goldman slashes 2015 oil price forecast as glut grows – Reuters


The Guardian
UPDATE 4-Goldman slashes 2015 oil price forecast as glut grows
Reuters
Says U.S. shale oil driving down the global cost curve (Adds background on Goldman’s past oil price calls, link to factbox, updates futures price move). By Aaron Sheldrick. Oct 27 (Reuters) – Goldman Sachs has slashed its 2015 oil price forecasts
Brent crude oil price drops below $86 in face of rising global supplyThe Guardian
Oil prices tumble again after Goldman slashes outlookFortune
Oil price plummets: who are the winners and losers?The Week UK
CBC.ca –Business Insider –Wall Street Journal
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Oil price fall changes Mexican budget calculations – Financial Times


The Punch
Oil price fall changes Mexican budget calculations
Financial Times
The finance ministry said in a statement that a new oil price target had been set at $79, which is $3 per barrel lower than the government’s estimated price in the budget package and $2 lower than the target approved by the Chamber of Deputies on
Mexico’s finance ministry sees 2015 oil price lower than in budgetReuters Africa
Falling oil prices won’t stall 2015 budget -RepsThe Punch

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Why Oil Prices Are About To Settle – OilPrice.com


Business Insider
Why Oil Prices Are About To Settle
OilPrice.com
If you are paying attention, you will be aware that oil prices have been falling dramatically since the end of June, losing over 20 percent from the highs at that time. This is bad news for investors in the energy sector and for the companies that
Here Are The Big Winners And Losers Of Low Oil PricesBusiness Insider
Are oil bulls in permanent retreat?CNBC
Cheaper oil, who will lose?People’s Daily Online
Inquirer.net –Moneynews –Gladstone Observer
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Low Prices Lure China into Oil Market – Wall Street Journal


Wall Street Journal
Low Prices Lure China into Oil Market
Wall Street Journal
China’s buying spree has also strengthened the Dubai crude market, the price benchmark for Asia, at a time when global crude oil prices have plummeted by 25% this year. But many analysts say the drop isn’t over, with Goldman Sachs tipping a drop to $80
China Goes On A Crude-Oil Buying Spree As Global Prices Tumble To $85 A International Business Times
Impact Of Crude Oil Price Fall On Asian EconomiesLive Trading News
Falling Oil Price as Window for Subsidy RemovalTHISDAY Live
Barron’s (blog) –Reuters
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Oil: Blindsided by technology – Lethbridge Herald


Livemint
Oil: Blindsided by technology
Lethbridge Herald
American production has almost doubled in the past five years thanks to the new drilling technologies, and the United States overtook Russia last year to become the world’s largest producer of oil and gas combined. (Saudi Arabia comes a distant third.) …
The Inevitable Demise of the OPEC CartelThe New American
India plans to diversify oil importsLivemint
U.S. Oil Seen as Buffer for Global Prices and SupplyBloomberg
Telegraph.co.uk –gulfnews.com –Arab News
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Oil production in Wyoming is up, but job growth in oil field is limited – Casper Star-Tribune Online

Oil production in Wyoming is up, but job growth in oil field is limited
Casper Star-Tribune Online
State revenues are up thanks to robust oil development in eastern Wyoming, but oil field jobs have not kept pace with increasing production, according to an economic report released by the state Economic Analysis Division this week. Oil production in

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5 oil field contractors recovering in San Antonio after fire – KSAT San Antonio


KSAT San Antonio
5 oil field contractors recovering in San Antonio after fire
KSAT San Antonio
Glass said he hopes Friday’s incident changes the way oil companies work with first responders. “Certain rules and regulations don’t allow certain people on that location. You have to have certification and training,” said Glass. He said getting first
More details released on LaSalle County oil field fireFOX 29

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5 reasons oil prices aren't rising – USA TODAY


USA TODAY
5 reasons oil prices aren’t rising
USA TODAY
The old oil bull market, the one where oil went to $140 per barrel, now feels like ancient history. Oil prices have recently been challenging lows not seen since 2012. Continuously rising oil prices not only translate to higher prices at the pump but
The ‘politics’ behind oil price fallArab News
Saudi Arabia’s Risky OilPrice PlayBusinessweek
Saudis Vs Oil Markets: Who’s Playing Whom?Forbes
Aljazeera.com –OilPrice.com –Philippine Star
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Fall in oil prices is temporary, says Saudi petrochemicals chief – Financial Times


Arab News
Fall in oil prices is temporary, says Saudi petrochemicals chief
Financial Times
The decline in oil prices may continue for a year or so but will prove temporary as population growth spurs higher consumption and supports prices in the longer term, a leading Saudi petrochemicals executive said on Sunday. The comments by Mohammed …
Gulf states need to reform spending as oil price slips: KuwaitReuters
GCC ‘relatively upbeat’ despite oil price plungeArab News
Gulf oil producers seen riding out price plungeYahoo News
Daily Mail –The Star Online
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Goldman slashes its crude oil price forecasts by US$15 for 2015 – The Straits Times


Reuters
Goldman slashes its crude oil price forecasts by US$15 for 2015
The Straits Times
TOKYO (Reuters) – Goldman Sachs has cut its price forecast for Brent and West Texas Intermediate by US$15 a barrel for the first quarter of 2015 because rising production in non-OPEC countries outside North America is expected to outstrip demand.
Goldman: More oil falls aheadMacroBusiness (blog)
Brent drops below $86 after Goldman cuts price forecastsReuters
Goldman Cuts Oil Forecasts as US Market Clout IncreasesBusinessweek
The Rakyat Post
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Here Are The Big Winners And Losers Of Low Oil Prices – Business Insider


Business Insider
Here Are The Big Winners And Losers Of Low Oil Prices
Business Insider
According to Michael Cohen of Barclays, a bank, a $20 drop in the world oil price reduces American producers’ profits by 20%, and only four-fifths of shale reserves are economic to extract using current technology with Brent around $85. How quickly …
Despite slumping prices, no end in sight for US oil production boomMidland Reporter-Telegram
Are oil bulls in permanent retreat?CNBC
Who profits from plunging oil prices?The Week Magazine
Motley Fool
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Nigeria warns on falling oil prices – Financial Times


Nigerian Tribune
Nigeria warns on falling oil prices
Financial Times
The government, which depends on oil typically for about 80 per cent of revenues, is assuming an oil price of $78 per barrel for its 2015 budget, Mrs Okonjo-Iweala told the Financial Times. This is up from $77.5 per barrel in 2013 and precariously
How Falling Oil Price Threatens Nigeria’s Economy Ahead Of Election YearLeadership Newspapers
Falling oil prices: Nigerian economy at the mercy of external forcesNigerian Tribune

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Slumping oil prices not slowing Texas boom – USA TODAY


Houston Chronicle
Slumping oil prices not slowing Texas boom
USA TODAY
KARNES CITY, Texas — The recent steep drop in crude oil prices may be spooking financial markets and brokers around the world. But David Martin Phillip isn’t rattled one bit. The 64-year-old real estate developer and entrepreneur struck it rich
Oil rout goes unnotices in Texas townChicago Tribune
Black gold loses some glitter at $80Houston Chronicle

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Oil: Blind-sided by technology – Pique Newsmagazine


Business Recorder
Oil: Blind-sided by technology
Pique Newsmagazine
The price of oil will hit its floor and it will rise again,” President Nicolas Maduro assured Venezuelans, whose shaky economy depends critically on a high oil price. “Venezuela will continue with its social plans. Venezuela will move forward.” No it
Technology has blindsided oil statesWaterloo Record

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