In West Texas, Oil Drillers Keep Pumping – Wall Street Journal


Wall Street Journal
In West Texas, Oil Drillers Keep Pumping
Wall Street Journal
MIDLAND, Texas—As a financial storm lashes the U.S. oil patch, energy companies are seeking shelter in the closest thing the industry has to a port: a sprawling expanse of West Texas known as the Permian Basin. In fact, as drillers pull back in oil
Low crude prices makes pipeline companies turn up competitionSan Antonio Express-News (subscription)

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South Texas Experiences Deepest Oil Production Cuts – Wall Street Journal


Wall Street Journal
South Texas Experiences Deepest Oil Production Cuts
Wall Street Journal
American oil companies pulling back in the face of low crude prices are making the steepest production cuts in South Texas. Oil output from the giant Eagle Ford field tumbled by almost 227,000 barrels a day, or 13%, between September and April, which …
Halcón’s Herod: How Long Is The Eagle Ford Runway?Oil and Gas Investor (registration)
Eagle Ford operators look at the Austin ChalkSan Antonio Express-News (subscription)

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Chevron, Exxon Cut Spending on Oil Price Slide – Wall Street Journal


Wall Street Journal
Chevron, Exxon Cut Spending on Oil Price Slide
Wall Street Journal
As costs to drill and pump oil and gas continue to fall in the low-price oil environment, the biggest U.S. oil company said it expects to shave another $1 billion off its capital expenses and $7 billion from its operating expenditures. “We’re always
Chevron and ExxonMobil profits dive amid oil price routFinancial Times
Chevron slashes jobs and spending to weather low oil pricesReuters
Chevron Cuts More Jobs and Spending as Oil Slump Saps ProfitBloomberg
The Guardian
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Oil Snags Small Rally After Rig Numbers Drop Again – Wall Street Journal


Wall Street Journal
Oil Snags Small Rally After Rig Numbers Drop Again
Wall Street Journal
Oil prices had a small rally in the afternoon after data showed further cuts to the number of rigs working U.S. oil fields. The U.S. oil-rig count dropped by 16 to 578 in the latest week, the ninth consecutive week of declines, according to Baker
Oil posts first positive week in three, gains over 4%CNBC
Oil ends higher, scores 3.3% monthly gainMarketWatch
Oil rises on US rig count; market also up on week and monthReuters
DailyFX –Headlines & Global News
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BG Group profits hit by plunge in oil prices – Financial Times


Financial Times
BG Group profits hit by plunge in oil prices
Financial Times
BG Group on Friday signalled further cuts to capital spending as it seeks to shore up its finances in the wake of an oil price plunge that has sent profits tumbling. The FTSE 100 oil and gas group on Friday capped a difficult week for Europe’s biggest
Oil price: Shell target BG also posts lossesThe Week UK
BG profits hit by weak oil price but it again ups production guidanceThis is Money
BG Group profits, turnover drops as oil price tumblesCity A.M.
Evening Standard –Bills Insider (blog) –wwntradio
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Low oil price takes big bite from Chevron, Exxon earnings – CBC.ca


CBC.ca
Low oil price takes big bite from Chevron, Exxon earnings
CBC.ca
Exxon oil and gas production increased by 2.3 per cent, despite the sharp fall in oil and gas prices over the last year. Chevron said the average price for a barrel of crude oil and natural gas liquids it received in the third quarter was $42, down
Exxon’s `Leaner Ship’ Floats Higher than Rivals in Oil DownturnBloomberg
Exxon 3Q profit falls by almost half amid low oil pricesSeating Chair
Exxon earnings, revenue top expectationsCNBC
New York Times –Chron.com (blog) –Fox Business –MarketBeat
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Oil Firms Face Reality of Sustained Low Prices – Wall Street Journal


Wall Street Journal
Oil Firms Face Reality of Sustained Low Prices
Wall Street Journal
This unpleasant picture is presented after a third quarter in which Brent crude, the international benchmark for oil prices, traded at about $50 a barrel on average, the lowest sustained levels since the financial crisis. The companies said they were
Shell posts $7.4bn loss as crashing oil price and writedowns sink profitsTelegraph.co.uk
Shell swings to $7.4bn loss on oil price slump and axed projectsFinancial Times
Top Oil Companies Report Dismal EarningsOilPrice.com
New York Times –Calgary Herald
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S&P downgrades Saudi Arabia on oil price slide – Economic Times


Yahoo News UK
S&P downgrades Saudi Arabia on oil price slide
Economic Times
It said Saudi Arabia, one of the world’s leading oil producers, had seen its deficit climb to 16 percent of GDP in 2015 compared with 1.5 percent in 2014, because of the plunge in te price of crude oil, Riyadh’s main source of revenues. It said the
S&P downgrades Saudi on oil price slideYahoo News UK
UAE, Saudi economies ‘still strong’ despite oil price pressuresArabianBusiness.com
Low Oil Prices Strain Saudi Cash Reserves, But Landis Not Ready To Count Them OutKGOU

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WTI Crude Oil Price Forecast: Basing Pattern Favoring Higher Prices – DailyFX


DailyFX
WTI Crude Oil Price Forecast: Basing Pattern Favoring Higher Prices
DailyFX
WTI Crude Oil price continues to show signs of a technical base. A technical base happens over a period and precedes a move higher. From the beginning of the year, crude oil continues to find support or a price floor in the $43 per barrel to $47 per
Oil Prices Inch UpWall Street Journal
Oil futures edge up to settle above $46 a barrelMarketWatch
Oil mixed after Fed decisionUPI.com
Market Realist –Money Morning –CNBC
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Shell's Loss: Oil Prices Aren't the Only Problem – Wall Street Journal


Wall Street Journal
Shell’s Loss: Oil Prices Aren’t the Only Problem
Wall Street Journal
Shell has underperformed its European rivals this year precisely because of fears it wasn’t reacting drastically enough to the halving of the oil price. The BG deal, announced in April, will also hit Shell’s balance sheet, currently among the sector’s
Shell posts $7.4bn loss as crashing oil price and writedowns sink profitsTelegraph.co.uk
Low Oil Prices Take a Toll on Royal Dutch ShellNew York Times
Top Oil Companies Report Dismal EarningsOilPrice.com
Financial Times –Calgary Herald
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Oil Prices Inch Up – Wall Street Journal


Wall Street Journal
Oil Prices Inch Up
Wall Street Journal
Oil prices held close to unchanged Thursday as fears of lingering oversupply capped a rally from technical traders, brokers said. Automated systems and traders who move based on price-chart patterns pushed a rally into a second session, turning bullish …
WTI Crude Oil Price Forecast: Basing Pattern Favoring Higher PricesDailyFX
Oil futures edge up to settle above $46 a barrelMarketWatch
Oil mixed after Fed decisionUPI.com
Market Realist –Money Morning –CNBC
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10 Tips For Oil Companies To Ride Out The Storm – OilPrice.com


Alexandria Town Talk
10 Tips For Oil Companies To Ride Out The Storm
OilPrice.com
Long gone are the days $100-plus oil. A worldwide supply glut has dropped commodity prices to bottom-of-the-barrel prices not seen since the depths of the financial crisis. Technological advancements like horizontal and multi-pad drilling and multi
Low Oil Prices Continue to Give Markets the ‘Shivers’: The Winners & LosersSpend Matters
Don Briggs: A holding pattern of low pricesAlexandria Town Talk

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This is Why We Drill: Chinese Company Aims to Buy Texas Oilfields – Triple Pundit (registration) (blog)


Triple Pundit (registration) (blog)
This is Why We Drill: Chinese Company Aims to Buy Texas Oilfields
Triple Pundit (registration) (blog)
Chinese company buys Texas oil fields The U.S. may be winding down its fossil fuel dependency, but it appears that foreign companies have spotted an opportunity for investing in American oil and gas assets. In the latest development, the Chinese …
Chinese Firm to Buy Texas Oil Fields for $1.3 BillionBig Country Homepage
Chinese Investor Buys Up Texas Oil FieldsDaily Caller
Chinese company to buy Texas oil fields for $1.3 billionKSAT San Antonio
Bakken.com (press release)
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North Sea's first oilfield makes come-back – OE Digital


Financial Times
North Sea’s first oilfield makes come-back
OE Digital
The North Sea’s first producing oilfield, Argyll, has finally been brought back on stream by operator EnQuest, after being started and decommissioned twice in the past by previous operators. Argyll, now named Alma, and part of EnQuest’s Alma/Galia …
EnQuest restarts production at first North Sea oilfieldFinancial Times
EnQuest Produces 1st Oil from New North Sea FieldRigzone
EnQuest produces first oil from new North Sea fieldReuters
Energy Voice –PennEnergy
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Oil Prices Post Largest Gain in Nearly Two Months – Wall Street Journal


Wall Street Journal
Oil Prices Post Largest Gain in Nearly Two Months
Wall Street Journal
The benchmark U.S. oil price soared to its largest gain in two months, as traders rushed to close bearish bets following news that the U.S. permitted oil exports to Mexico. Official data showing declining fuel stockpiles fueled further gains. Wednesday
Crude Oil Price Jumps Following Inventory Report24/7 Wall St.
Crude oil is ripping higherBusiness Insider
WTI Crude Oil Prices Today Surge 6% After Fed Interest Rate DecisionMoney Morning
CNBC –Reuters –CBC.ca
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Gulf Countries Oppose Venezuela's Oil-Price Summit Proposal – Wall Street Journal


Wall Street Journal
Gulf Countries Oppose Venezuela’s OilPrice Summit Proposal
Wall Street Journal
Persian Gulf countries are opposed to an oilprice summit with heads of state of both members and nonmembers of OPEC, officials familiar with the matter said, dimming the prospects of an gathering proposed by Venezuela. Saudi Arabia, the United Arab …
Policy, Coincidence Or Conspiracy: What’s Really Holding Oil Prices Down?OilPrice.com
Low Oil Prices Could Bankrupt OPEC in 5 Years — but Crush Rest of World in 3TheStreet.com
Is Only OPEC Responsible For The Crude Oil Price Crash?Bidness ETC
The Market Oracle –The Barrel Blog – Platts
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Low prices are crushing Canada's oil sands industry. Shell's the latest casualty. – Vox


Manufacturing.net
Low prices are crushing Canada’s oil sands industry. Shell’s the latest casualty.
Vox
Back in the 2000s, when global oil prices were rising relentlessly, a lot of companies found it profitable to exploit western Canada’s oil sands for bitumen, a gooey form of petroleum. It’s not an easy task: you either have to dig up the sand with
Shell’s Scrapped Oil Sands Project Highlights Major Issue For CanadaOilPrice.com
Forecast: Oil Prices Could Remain Low Through Early 2020sManufacturing.net
Oil majors rush cuts to hit $60 break-evenFinancial Times
Financial Post –iNVEZZ
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Nymex crude oil logs best gain in 3 months – MarketWatch


MarketWatch
Nymex crude oil logs best gain in 3 months
MarketWatch
Tariq Zahir, a managing member at Tyche Capital Advisors, said he still sees fundamental weakness in the crude-oil market linked to the levels of supply. “It didn’t surprise me to see [oil prices] higher here,” he said. “But there’s nothing fundamental
Modest Gain for the Market as Oil Prices JumpNew York Times
Asia shares lackluster after Fed hints at December rate hikeU.S. News & World Report

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