Drilling permits cut in half as price of crude oil hits Texas operators – Houston Business Journal


Houston Business Journal
Drilling permits cut in half as price of crude oil hits Texas operators
Houston Business Journal
The Railroad Commission issued 1,376 permits for new oil and gas wells compared to 2,741 such permits in October. Texas produces more than one-third of the crude oil in the United States and has enjoyed an energy renaissance in recent years as shale …

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BP Plans to Acquire Stake in Siberian Oil Field Taas-Yuriakh – Analyst Blog – Nasdaq


Wall Street Journal
BP Plans to Acquire Stake in Siberian Oil Field Taas-Yuriakh – Analyst Blog
Nasdaq
In the last reported third quarter, total production of 2.147 million barrels of oil equivalent per day (MMBoe/d) was down 2.7% year over year. The company sold liquids for $91.42 per barrel in the third quarter (versus $100.66 in the year-earlier
BP Plans to Acquire Stake in Siberian Oil Field Taas-YuriakhZacks.com
BP in Talks With Rosneft Over Stake in Siberian Oil FieldWall Street Journal
BP in talks with Rosneft for stake in Siberian oil fieldSeeking Alpha
Bloomberg –WallStreet.org
all 26 news articles »

Some States See Budgets at Risk as Oil Price Falls – New York Times


Houston Business Journal
Some States See Budgets at Risk as Oil Price Falls
New York Times
HOUSTON — States dependent on oil and gas revenue are bracing for layoffs, slashing agency budgets and growing increasingly anxious about the ripple effect that falling oil prices may have on their local economies. The concerns are cutting across …
Oil Jobs Squeezed as Prices PlummetWall Street Journal
US oil prices finish lowerInquirer.net
Drilling permits cut in half as price of crude oil hits Texas operatorsHouston Business Journal
Statesman Journal
all 35 news articles »

The short-term oil price play of Saudi Arabia – Financial Times


International Business Times
The short-term oil price play of Saudi Arabia
Financial Times
As oil prices have plunged over the past six months, Saudi Arabia seemed to be flailing ineffectually against the tide of cheap crude unleashed by the shale gas boom in the US. In the past week, the kingdom has made a determined attempt to dispel that …
You call that a budget deficit?NEWS.com.au
Saudi Arabia Feeling Pain Of Oil Price Plunge, But It Has Enough Currency International Business Times
Saudi Arabia Seen by Former Adviser Assuming $80 OilBloomberg
Yahoo News –The Australian –OilPrice.com
all 347 news articles »

Oil price collapse stokes financial crises in producing countries – Financial Times


CryptoCoinsNews
Oil price collapse stokes financial crises in producing countries
Financial Times
The roots of the price collapse lie in the US shale oil boom, which began when small and medium-sized producers worked out in 2009-10 how to apply to oil production the techniques of horizontal drilling and hydraulic fracturing that had already been
Low Oil Price Won’t Force Production Cut, Says Saudi Oil MinisterCryptoCoinsNews
Oil price: boom, bust and boom againFinancial Express
The Cost of OPEC’s PlanFox Business
Bidness ETC –Zee News –mySanAntonio.com
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Revisiting Our Price Estimates For Large Independents Amid Lower Crude Prices – Forbes


DailyFinance
Revisiting Our Price Estimates For Large Independents Amid Lower Crude Prices
Forbes
We recently revisited our price estimates for the large independent oil and gas companies we cover to account for the change in our long-term forecast for crude oil prices. We now believe that the recent decline in oil prices could sustain for a longer
Crude Oil Price Plunges on Inventory Report24/7 Wall St.
Decline in Oil Could Cost OPEC $257 Billion in 2015DailyFinance
What’s Next for World Oil as Lower Prices Extend Into ’15Bloomberg
FuelFix (blog) –Reuters –USA TODAY
all 948 news articles »

Oil Caps Fifth Weekly Loss on Global Supply Glut Concern – Bloomberg


Bloomberg
Oil Caps Fifth Weekly Loss on Global Supply Glut Concern
Bloomberg
Saudi Arabia, OPEC’s biggest producer, is assuming an oil price of $80 a barrel for 2015, said John Sfakianakis, a former economic adviser to the country’s government. U.S. crude stockpiles climbed 7.27 million barrels in the week ended Dec. 19, the
Oil rises as fighting intensifies around Libya’s biggest portFuelFix (blog)

all 315 news articles »

Falling oil prices bad for Bakken, good for Montana consumers – Helena Independent Record


Helena Independent Record
Falling oil prices bad for Bakken, good for Montana consumers
Helena Independent Record
“Each play and each of the companies investing in them are different.” What companies are doing now, Whitsitt said, is looking at their basket of investments and deciding which to move forward on based on cost and potential production. Bakken projects …

Oil sands leak that contaminated aquifer renews technology questions – The Globe and Mail


MINING.com
Oil sands leak that contaminated aquifer renews technology questions
The Globe and Mail
“This is a problematic technology. There’s been problems dating back to 2009. And I think Albertans really have to ask themselves, how many times does this company get to say, ‘Oops, we did it again,’ before the government takes proactive action to
Oil sands technology questioned after series of leaks polluting aquifersMINING.com
‘Huff and puff’ technology questioned after leak at CNRL Wolf Lake siteCBC.ca

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Saudi Arabia Projects Its Biggest Deficit Ever After Oil Cra… – Business Insider


Business Insider
Saudi Arabia Projects Its Biggest Deficit Ever After Oil Cra…
Business Insider
Riyadh (AFP) – Saudi Arabia announced a 2015 budget with a huge deficit Thursday as the world’s largest crude exporter begins to feel the impact of its own decision not to shore up oil prices. The government announced the $38.6 billion deficit in a
Saudi Arabia Seen by Former Adviser Assuming $80 OilBloomberg
Saudi projects big deficit in 2015 after oil price dropYahoo News
Oil price drop comes back to bite Saudi Arabia’s budgetThe Australian

all 220 news articles »

Japan inflation slows and output slips, keep BOJ under pressure – Reuters


Reuters UK
Japan inflation slows and output slips, keep BOJ under pressure
Reuters
BOJ Governor Haruhiko Kuroda stressed last week that Japan was on track to hit the price goal, shrugging off speculation that a recent plunge in oil prices would weigh on consumer prices and force him to ease policy again early next year. But many
BOJ’s Kuroda says Japan benefits greatly from oil price fallReuters UK
Japan benefits greatly from oil price fall: BoJ’s Haruhiko KurodaInternational Business Times UK

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Texas Oil Production Remains Strong Despite Saudi Price Pressure – WOAI.com

Texas Oil Production Remains Strong Despite Saudi Price Pressure
WOAI.com
Figures released by the Texas Railroad Commission show that if Saudi Arabia hopes to drive Texas‘ booming shale oil production out of business by cutting crude oil prices, so far the strategy is backfiring, News Radio 1200 WOAI reports. The Railroad …
Texas oil and gas drilling permits fall 50 pct in November -stateReuters Africa
Texas oil, gas drilling permits fall 50 percentBusiness Recorder

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BP in Talks With Rosneft Over Stake in Siberian Oil Field – Wall Street Journal


Wall Street Journal
BP in Talks With Rosneft Over Stake in Siberian Oil Field
Wall Street Journal
An oil drilling platform in the Vankor field, operated by a Rosneft subsidiary, is in a petroleum-rich area of Eastern Siberia. BP is in talks with Rosneft that could give it a stake in the Taas-Yuriakh field in the same region, a person familiar with
BP in talks with Rosneft for stake in Siberian oil fieldSeeking Alpha
BP Said in Talks for Share in Rosneft East Siberia Oil ProducerBloomberg
BP Plc (BP) Set To Undertake New Project With Rosneft (RNFTF) Despite Bidness ETC
TradingFloor.com –Sputnik International
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Pinnergy names two new executives for key oil field services – San Antonio Business Journal (blog)


San Antonio Business Journal (blog)
Pinnergy names two new executives for key oil field services
San Antonio Business Journal (blog)
Both strategic hires are aimed to position Pinnergy as a full-service water management provider at oilfield sites throughout the state. The company already has extensive operations in South Texas that provide services for well operators targeting the

Revisiting Our Price Estimates For Big Oil Amid Lower Crude Prices – Forbes


FuelFix (blog)
Revisiting Our Price Estimates For Big Oil Amid Lower Crude Prices
Forbes
We recently revisited our price estimates for the integrated oil and gas companies we cover to account for the change in our long-term forecast for crude oil prices. We now believe that the recent decline in oil prices could sustain for a longer period
Crude Oil Price Plunges on Inventory Report24/7 Wall St.
Oil price slides again as crude inventories riseFuelFix (blog)
Oil price nosedive a shockerThe Spokesman Review
The National –Reuters –Bloomberg
all 913 news articles »

Chart Of The Day: Natural Gas Suggests $33 Oil – OilPrice.com


Tulsa World
Chart Of The Day: Natural Gas Suggests $33 Oil
OilPrice.com
In the last couple of months, the sharp reversion in oil prices has certainly caught the world’s attention. While the majority of economists and analysts continue to expect incorrectly that falling oil prices are a positive input to economic growth
Other View: Sinking Oil Price Shouldn’t Cause Deflation FearTwin Falls Times-News

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Price plunge puts oil patch jobs at risk – CNBC


CNBC
Price plunge puts oil patch jobs at risk
CNBC
Falling oil prices are giving the U.S. job market a shot in the arm. But if you work in an oil field, your job prospects might not be so bright. Buoyed by strong consumer spending, the U.S. economy surged ahead at a 5 percent annual rate in the third
Low oil prices are good for 42 states — and bad for the other eightVox
Why Low Oil Prices Could Be Bad for Jobs in AmericaDailyFinance

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Did The Saudis And The US Collude In Dropping Oil Prices? – OilPrice.com


RT (blog)
Did The Saudis And The US Collude In Dropping Oil Prices?
OilPrice.com
The oil price drop that has dominated the headlines in recent weeks has been framed almost exclusively in terms of oil market economics, with most media outlets blaming Saudi Arabia, through its OPEC Trojan horse, for driving down the price, thus
Oil price fall: ‘Nobody will be a winner’RT (blog)
Oil price drop to persist, help global growth: IMFCNBC
Saudi Arabia Vows to Ride Out Oil Price SlumpNew York Times
RTCC –BBC News –Daily Mail
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Oil price rebounds, sparking hopes of recovery – The Week UK


New York Times
Oil price rebounds, sparking hopes of recovery
The Week UK
Oil prices jumped by 2 per cent overnight, bringing up the cost of Brent crude by more than $1 per barrel to $62.64, but the gains come as Saudi Arabia’s oil minister confirmed that there would be no cut in production despite the recent dramatic
Sinking Oil Price Is Hard on North Sea ProducersNew York Times
Excellent News; The Falling Oil Price Is Killing North Sea Oil JobsForbes
Oil price fall poses challenge for North Sea industry – and Scottish nationalistsThe Guardian
Daily Mail –The Independent –Herald Scotland
all 162 news articles »

Low Oil Prices Pushing Venezuela Towards Default – OilPrice.com


Washington Times
Low Oil Prices Pushing Venezuela Towards Default
OilPrice.com
Low oil prices are putting major oil producers in a squeeze. The Russian central bank has been forced to cough up foreign exchange in order to defend itself from a currency crisis. But it may be Venezuela that is the least prepared and most in danger
Oil prices push Venezuela to brink of economic collapseWashington Times

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