UPDATE 2-Saudi Aramco to renegotiate some contracts on low oil price -CEO – Reuters


USA TODAY
UPDATE 2-Saudi Aramco to renegotiate some contracts on low oil price -CEO
Reuters
(Adds current production, paragraphs 11, 12). By Reem Shamseddine and Marwa Rashad. RIYADH Jan 27 (Reuters) – Saudi Aramco will renegotiate some contracts and postpone some projects due to falling oil prices, the head of Saudi Arabia’s state oil …
Did Saudi Arabia Just Flinch?OilPrice.com
Where’s the oil price outrage? Our viewUSA TODAY
Oil price ‘too low’, says Saudi Aramco chief ​Khalid al-FalihEconomic Times
The Star Online –Channel News Asia –Press TV
all 1,613 news articles »

Falling oil price a curse, not a tax cut, for British economy? – Telegraph.co.uk


Telegraph.co.uk
Falling oil price a curse, not a tax cut, for British economy?
Telegraph.co.uk
But that was during a period when oil prices ticking along at above $100 per barrel appeared to be the new normal. The North Sea now finds itself caught in no man’s land between a vicious battle being fought by Saudi Arabia, Russia and shale oil
Lex in-depth: Glut feelingFinancial Times
Brave faces in Aberdeen as realities of oil price begin to set inThe National
Emergency Tax May Not Be Enough To Save North Sea OilOilPrice.com

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Oil price slide drives Russia to 'junk' status – The Week UK


The Week UK
Oil price slide drives Russia to ‘junk’ status
The Week UK
Russia’s sovereign debt has been downgraded to “junk” status for the first time in a decade by ratings agency Standard & Poor as economists anticipate a “painful recession” for the country, which is suffering from the effects of the low oil price and
Russia downgraded to junk status for first time in decadeThe Guardian

all 586 news articles »

Goldman Sachs Busts Myth Of Impending Russian Oil Collapse – OilPrice.com


OilPrice.com
Goldman Sachs Busts Myth Of Impending Russian Oil Collapse
OilPrice.com
Yesterday’s Russian downgrade pulled yet another raft of “smartest people in the room” to tell investors how screwed Russia is by low oil prices (and yet the US Shale industry is fine and will manage through this). However, Goldman Sachs prefers facts
This Photograph Was The Most Agonizing Thing I Saw At AuschwitzBusiness Insider
Goldman Sachs’s Cohn Says Oil Prices May Hit $30 in Extended SlumpBloomberg
Goldman Sachs president predicts oil price to hit $30Investment Week

all 37 news articles »

Oil jumps on weaker dollar; traders wary of stock build – Reuters


Reuters
Oil jumps on weaker dollar; traders wary of stock build
Reuters
Oil prices were up most of the day, tracking the dollar, despite concerns about rising U.S. inventories. While some traders expressed surprise with the market’s behavior, others shrugged it off as they did not think oil was on the cusp of an extended
Oil Prices Rise on Weak Dollar, OPEC SpeculationWall Street Journal
OPEC Chief Claims Oil Will Rebound Higher Than In 2008OilPrice.com
World price of oil — where is OPEC now?American Thinker
CBC.ca –Economic Times –Forbes
all 461 news articles »

UPDATE 1-Iraq lowers oil price forecast in budget proposal to $55 a barrel – Reuters


Press TV
UPDATE 1-Iraq lowers oil price forecast in budget proposal to $55 a barrel
Reuters
The decision to lower the forecast oil price may satisfy some MPs who saw the previous estimate as unrealistic, but Brent crude is trading still lower at under $50, down from $115 in June. Prime Minister Haider al-Abadi said last week he feared lower
Iraq forced to revise down budget oil pricePress TV
Budget: Iraq lowers oil price forecast to $55Arab News
Iraq lowers oil price forecast in budget proposal to $55 a barrelYahoo! Maktoob News

all 17 news articles »

Caterpillar warns of 2015 sales hit from falling oil price – Reuters


Reuters
Caterpillar warns of 2015 sales hit from falling oil price
Reuters
On a conference call, company officials said around 50 percent of the expected sales decline was directly or indirectly related to low oil prices. Chief Financial Officer Brad Halverson said that with housing starts and the construction sector expected
Oil price fall cuts Caterpillar outlookFinancial Times
Caterpillar warns low oil price means a tough 2015 for salesSTLtoday.com
Caterpillar (CAT) Misses Q4 Earnings on Oil Price WoesZacks.com

all 192 news articles »

Ottawa faces deficit with low oil prices, budget watchdog says – Toronto Star


Toronto Star
Ottawa faces deficit with low oil prices, budget watchdog says
Toronto Star
Liberal Leader Justin Trudeau hammered the Tories for their reaction to plummeting oil prices as the House of Commons resumed Monday. But Finance Minister Joe Oliver says the economy is strong and is promising a balanced budget. (Jan 26, 2015).
Oil prices putting Ottawa on path to deficit, budget watchdog saysThe Globe and Mail
Ottawa’s budget watchdog sees $5-billion a year hit from oil price dropFinancial Post
PBO Says Harper Budget Balance Jeopardized With Oil at $48Bloomberg
bnn.ca –Reuters –CityNews
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Oil Patch Pain But No Budget Buster at Texas Capitol Yet – MyFox Austin


MyFox Austin
Oil Patch Pain But No Budget Buster at Texas Capitol Yet
MyFox Austin
Manufacturing activity in Texas stalled in January according to a new survey released today by the Federal Reserve Bank of Dallas. The bleak economic assessment is fueled by lower crude oil prices and that is feeding concerns about what a Texas oil
Texas Factory Growth Stalling As Oil Prices Plunge: Dallas Fed SLB HALInvestor’s Business Daily
Low oil prices result in sluggish Texas manufacturing activityDallas Business Journal
More Evidence That Low Oil Is Hurting Texas Businesses24/7 Wall St.
Bakken.com –UT The Daily Texan
all 18 news articles »

RPT-As oil slides, Singapore oilfield service firms struggle to refinance debt – Reuters


THE BUSINESS TIMES
RPT-As oil slides, Singapore oilfield service firms struggle to refinance debt
Reuters
(Repeats story moved on Monday with no changes). * Swiber, Ezra bond trades show concerns on refinancing. * Bond, equity markets’ volatility may push firms to pvt placement. By Rujun Shen. SINGAPORE, Jan 26 (Reuters) – Two Singapore oilfield service …
As oil slides, Singapore oilfield service firms struggle to refinance debtTHE BUSINESS TIMES
Ezra, Swiber hit by debt refinancing woesAsiaOne

all 11 news articles »

TouGas Oilfield Solutions Selected to Present at CleanEquity Monaco 2015 … – PR Newswire (press release)

TouGas Oilfield Solutions Selected to Present at CleanEquity Monaco 2015
PR Newswire (press release)
TouGas Oilfield Solutions has been identified by an expert panel as one of the world’s most innovative cleantech companies and has been selected to present to senior financial and strategic cleantech investors, policy makers, legislators, end users and …

and more »

Where's the oil price outrage? Our view – USA TODAY


USA TODAY
Where’s the oil price outrage? Our view
USA TODAY
When gasoline prices spiked in 2005 after Hurricane Katrina, Congress and the public demanded a federal probe of price manipulation. The same thing happened three years later, when oil prices shot to $145 a barrel and gas prices topped $4 a gallon.
Oil steadies after OPEC says prices may have bottomedReuters
OPEC minister sees oil price floor at $45CBC.ca
Oil Is Never Going To Reach $200, Not For Any Length Of Time At LeastForbes
OilPrice.com –Financial Times –Yahoo! Maktoob News
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BP freezes pay of 84000 staff globally as oil price drop bites – The Guardian


The Guardian
BP freezes pay of 84000 staff globally as oil price drop bites
The Guardian
BP has frozen the pay of its 84,000 staff around the world in response to the plunge in the oil price, which has more than halved in the past six months. Weeks after cutting 300 jobs in Aberdeen, the oil company’s boss, Bob Dudley, sent a memo to all
BP Freezes Employee Pay in Response to Oil Price SlumpBloomberg
BP announces pay freeze for 84000 workers thanks to oil price slumpCITY A.M.
BP freezes pay for 2015 as low oil prices prompt cutbacksTelegraph.co.uk

all 65 news articles »

Oil price loses another dollar a barrel in the wake of Saudi uncertainty – Telegraph.co.uk


Telegraph.co.uk
Oil price loses another dollar a barrel in the wake of Saudi uncertainty
Telegraph.co.uk
Nine major oil and gas companies are reporting earnings this week, including Shell and Chevron, which should reveal the extent of the damage to the producers’ profits and spending plans since the price of crude began its descent in mid-2014.
Oil slides despite OPEC talk of a floorReuters
For Saudis, Falling Demand for Oil Is the Biggest ConcernBloomberg
Who Will Rule the Oil Market?New York Times
The Guardian –Wall Street Journal –NBCNews.com
all 7,378 news articles »

UPDATE 2-Japan's Marubeni halves profit outlook on oil price slide, Gavilon – Reuters


Binary Tribune
UPDATE 2-Japan’s Marubeni halves profit outlook on oil price slide, Gavilon
Reuters
Takes 95 bln yen charge on oil and gas assets. * Will consolidate divisions, boost oversight to manage risk (Adds CEO comments, share price, background). By Mari Saito. TOKYO, Jan 26 (Reuters) – Japanese trading house Marubeni Corp halved its annual …
What a Difference Oil Price Makes as Marubeni Joins WritedownsBloomberg

all 19 news articles »

Why $50 Oil Won't Last – OilPrice.com


OilPrice.com
Why $50 Oil Won’t Last
OilPrice.com
In the past few weeks I have received numerous questions about the role of a “drop in demand” in the oil price decline. These questions are driven by many stories in the media that have referenced a drop in demand. There are two primary reasons given
U.S. Gasoline Pricing May Herald Oil Price StabilityUSFinancePost
How Fracking Contributes To Oil Glut, Cheap Fuel For You And MeForbes
Falling oil demand worries Saudis mostSouth China Morning Post (subscription)

all 30 news articles »

Illinois misses the fracking boom because of falling oil prices – Chicago Tribune


National Gazette
Illinois misses the fracking boom because of falling oil prices
Chicago Tribune
“You get this oil lease check, and all of a sudden you think, ‘I deserve one of these things every day,'” said Weber, 55, a corn and soybean farmer in Gallatin County near the Kentucky border. Weber won’t say how large his check was, but many farmers
Illinois misses the fracking boom since of falling oil costsNational Gazette
Illinois misses the fracking boom due to the fact of falling oil costsWPX News
Illinois misses the fracking boom simply because of falling oil costsNational Review

all 37 news articles »

Africa's Second Biggest Oil Producer Has Resorted To Painful Austerity Measures – Business Insider


Business Insider
Africa’s Second Biggest Oil Producer Has Resorted To Painful Austerity Measures
Business Insider
Luanda (AFP) – With oil prices collapsing over 50 percent in the past six months, Angola — Africa’s second-largest oil producer — has had to introduce austerity measures and overhaul its budget to deal with a severe drop in expected revenue. “We will
For Angola, plunging oil price jeopardises budgetThe Citizen

all 6 news articles »