Warren Buffett faces worst year on stock market since 2009 – CNBC


CNBC
Warren Buffett faces worst year on stock market since 2009
CNBC
Mr Buffett urged them to make that judgment based on the long term, rather than on a single year, reflecting investing mentor Benjamin Graham’s view that the stock market may be a “weighing machine” in the long run, but in the short term it is a
Minorities exploited by Warren Buffett’s mobile-home empireThe Seattle Times

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Unemployment Fell in Many Texas Cities, Despite the Oil Bust – Wall Street Journal (blog)


Chron.com (blog)
Unemployment Fell in Many Texas Cities, Despite the Oil Bust
Wall Street Journal (blog)
Low crude-oil prices have dented the once high-flying Texas economy, but most cities across the Lone Star State are still seeing job gains and either steady or falling unemployment. Jobless rates were lower in November compared with a year earlier in
Unemployment falling in most big Texas cities, except for HoustonChron.com (blog)

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Atmos Energy: Oil field odor in Lubbock is not gas leak – KCBD-TV


News/Talk 790 KFYO
Atmos Energy: Oil field odor in Lubbock is not gas leak
KCBD-TV
Atmos Energy is receiving high call volumes due to an oil field odorant that is permeating through Lubbock, TX today. “With the fog and extreme cloud cover, Lubbock is experiencing a strong oil field odorant in the air today,” said Marinda Heinrich
Oil field odorant permeating through Lubbock prompts calls about suspected gas LubbockOnline.com

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Oilfield services companies face a 2016 where there's little left to cut – Financial Post


Financial Post
Oilfield services companies face a 2016 where there’s little left to cut
Financial Post
Chris Wood/Calgary Herald, fileAs a whole, the oilfield services industry is expected to lose nearly 28,500 jobs by next year, with drilling activity set to fall a a total of 58 per cent, compared with 2014, according to Mark Scholz, president of The

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5 countries crushed by oil price collapse – CNNMoney


CNNMoney
5 countries crushed by oil price collapse
CNNMoney
Oil has collapsed below $37 a barrel, compared to over $100 in mid-2014. The global oil glut, OPEC’s determination to pump like there is no tomorrow, and slowing demand from China and other countries are pushing oil prices to new lows. Here are the
Oil Prices Fall on Oversupply AnxietyWall Street Journal
Q1 2016 Forecast: No End in Sight for Oil Price DeclinesDailyFX
Crude Oil Price Slides on Big Inventory Increase24/7 Wall St.
CNBC –International Business Times
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Oil prices plummet again as Saudis vow to maintain output – The Guardian


The Guardian
Oil prices plummet again as Saudis vow to maintain output
The Guardian
Oil prices fell over 3% on Wednesday after new data showed US crude supplies continuing to grow while Saudi Arabia promised to keep up its policy of pumping its wells flat out. A barrel of benchmark Brent crude was changing hands for $36.58 at one
Gas prices are actually going up in these areasCNBC
Saudi Arabia Cuts Subsidies As Budget Deficit SoarsOilPrice.com
Saudi Arabia, Squeezed by Low Oil Prices, Cuts Spending to Shrink DeficitNew York Times
Telegraph.co.uk –Yahoo News –NEWS.com.au
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Technology, Health Care Lead Wall Street's Rally – Fox Business


Fox Business
Technology, Health Care Lead Wall Street’s Rally
Fox Business
Stocks saw a sharp move higher on Tuesday as oil prices rebounded and traders looked ahead to the end of a holiday-shortened New Year’s week. The Dow Jones Industrial Average was up 192 points, or 1.10% to 17720. The S&P 500 gained 21 points, …
Wall Street rises as oil price edges higherBBC News
US stocks rally as oil surges; Google, Amazon hit all-time highsMarketWatch
Big tech leads rally in US stocksChannel News Asia
Money Morning
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Iraq Wants Exxon, PetroChina To Fund Oilfield Production Projects – Barron's (blog)


Business Finance News
Iraq Wants Exxon, PetroChina To Fund Oilfield Production Projects
Barron’s (blog)
An anonymous official said that PetroChina has shown more interest that Exxon, and that both were approached because they are working on the West Qurna phase 1 oilfield, which will require water injection to stop production declines. The WisdomTree …
Iraq’s South Oil Seeks Investments To Boost Southern Fields‘ OutputOil and Gas Investor (registration)
Exxon Mobil Corporation and Petrochina Approached by Iraqi Government as Business Finance News
Iraq in approach to PetroChina and Exxonmobil to boost productionEnergy Voice

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OPEC Expects U.S. Oil Production To Rise In 2016… Really? – OilPrice.com


OilPrice.com
OPEC Expects U.S. Oil Production To Rise In 2016… Really?
OilPrice.com
They have Light Tight Oil increasing by 100,000 barrels per day in 2016. They are saying the price collapse only slowed down the growth in LTO production and it will pick back up in 2017, though it will still be increasing at a much slower rate than in
OPEC’s Decision Weighs on Oil Prices and Offshore DrillersMarket Realist

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The New Cartel Running The Oil Sector – OilPrice.com


Telegraph.co.uk
The New Cartel Running The Oil Sector
OilPrice.com
As oil prices wallow near multi-year lows, it’s becoming increasingly clear that the new cartel controlling oil prices is not OPEC but world credit markets. From Saudi Arabia’s record $100 billion deficit to shale oil’s continuing reliance on cheap
Oil price rout will bring end to era of Saudi Arabian largesse, warns Bank of Telegraph.co.uk
Saudi Arabia, Squeezed by Low Oil Prices, Cuts Spending to Shrink DeficitNew York Times
Stung by low oil prices, Saudi makes unprecedented cutsYahoo News
Seeking Alpha –RT
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Global markets climb on rising US confidence and higher oil prices – as it … – The Guardian


The Guardian
Global markets climb on rising US confidence and higher oil prices – as it
The Guardian
But today, the Russian currency has recovered, boosted by higher oil prices and a Bloomberg report that former Russian finance minister and investor favourite Alexei Kudrin is in talks with Vladimir Putin about returning to a senior post to help deal
Wall Street rises as oil price edges higherBBC News
Technology, Health Care Lead Wall Street’s RallyFox Business
Dow Jones Industrial Average Up Today as Oil Prices StabilizeMoney Morning
Wall Street Journal –ABC Online
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Oil Prices Rise Ahead of Supply Data – Wall Street Journal


Wall Street Journal
Oil Prices Rise Ahead of Supply Data
Wall Street Journal
Oil prices rose on Tuesday ahead of potentially bullish inventory data and as investors moved to close out bearish bets before year’s end. Light, sweet crude for February delivery settled up $1.06, or 2.9%, to $37.87 a barrel on the New York Mercantile …
Crude oil prices drop more than 1 percent as weak outlook prevailsReuters
Saudis Weathering Low Oil Prices Better Than ExpectedOilPrice.com
Asian shares make gains as oil price concernsBBC News
Telegraph.co.uk –RTE.ie
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Stocks rebound as US confidence improves and oil price rises – U.S. News & World Report


U.S. News & World Report
Stocks rebound as US confidence improves and oil price rises
U.S. News & World Report
U.S. stocks are opening broadly higher Tuesday, Dec. 29, 2015, as the market erases the losses it suffered over the previous two days. The early gains Tuesday were led by energy companies as oil prices rose. The market is the highest it’s been in two
Higher oil prices, data give Wall Street a boostCBS News

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Oil slump weighing on housing markets in Texas, North Dakota – U.S. News & World Report


U.S. News & World Report
Oil slump weighing on housing markets in Texas, North Dakota
U.S. News & World Report
FILE – In this Monday, May 18, 2015, file photo, more than 30 oil drilling rigs are idle in a Helmerich & Payne, Inc. yard along Groening Street in Odessa, Texas, as rig counts drop in the Permian Basin. The drilling boom, driven by high oil prices and
Oil slump weighs on housing markets in Texas and North DakotaMilwaukee Journal Sentinel

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Oil rout sours next year's outlook for Texas factories – Houston Chronicle


Houston Chronicle
Oil rout sours next year’s outlook for Texas factories
Houston Chronicle
Texas‘ factories reported a jump in business for December despite low oil prices, but manufacturing executives continue to hold a gloomy outlook for 2016 as oil companies pare their spending on rigs, drill bits, pipe and other oil patch hardware amid a …
Economy is ‘getting ugly’ in TexasWashington Examiner
Texas manufacturers post strong December despite weak outlookChron.com (blog)

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