Oil prices remain weak as slowing demand adds to high output – Reuters


Reuters
Oil prices remain weak as slowing demand adds to high output
Reuters
SINGAPORE Crude oil prices remained under pressure on Tuesday as fears of slowing demand added to worries over near-record global production levels that have slashed prices by two-thirds since the middle of last year. Front-month U.S. West Texas …
Brent crude price stumbles as Iran raises stakes in oil price warTelegraph.co.uk
Oil prices edge down as slowing demand adds to high outputBusiness Insider
Oil Prices Slip After Dour Economic Data from JapanWall Street Journal
BBC News –CNNMoney –Financial Times
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Wall Street knocked by oil price slide – BBC News


BBC News
Wall Street knocked by oil price slide
BBC News
On the downside, energy stocks fell due to the slide in the oil price, with Chevron down 1.8% and Exxon Mobil 0.7% lower. Outside the main index, Conoco Phillips fell 2.9%, while Marathon Petroleum dipped 2%. “The 3% dive in crude oil this morning
Energy Stocks Fall Along With Oil PricesWall Street Journal
Wall St falls on renewed oil price slideABC Online
Wall Street seen lower as falling oil prices weighCNBC
The Australian –Fox Business
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Squeezed by Low Oil Prices, Saudi Arabia Cuts Spending to Shrink Deficit – New York Times


VICE News
Squeezed by Low Oil Prices, Saudi Arabia Cuts Spending to Shrink Deficit
New York Times
The Saudi kingdom has been spending more than it takes in, and by some estimates it could exhaust its foreign exchange reserves, now roughly $640 billion, by 2020 without deep cuts in spending, a big rise in the price of oil, or a combination of both.
Low Oil Prices and the War in Yemen Have Left a Huge Hole in Saudi Arabia’s BudgetVICE News
Saudi Arabia budget deficit swells on oil price fallBBC News
Saudi Arabia unveils record deficit as it succumbs to oil price routTelegraph.co.uk
OilPrice.com –Bloomberg –U.S. News & World Report
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Lifting The Oil Export Ban Could Be A Short-Sighted Action – OilPrice.com


OilPrice.com
Lifting The Oil Export Ban Could Be A Short-Sighted Action
OilPrice.com
The 1975 Energy Policy and Conservation Act (EPCA) that banned crude oil export was the closest thing to an energy policy that the United States has ever had. The law was passed after the price of oil increased in one month (January 1974) from $21 to
Oil Outlook 2016: Falling Crude Price Means Good News For Consumers, More Pain International Business Times
Wildly Bearish 2016 Forecasts for Oil PricesETF Trends
Canada’s beaten and bedraggled oil and gas assets ‘now on sale’Financial Post
Profit Confidential –Forbes –The Chronicle Journal
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Russian Ruble Falls to Year Low Amid Oil Price Drop – Wall Street Journal


Wall Street Journal
Russian Ruble Falls to Year Low Amid Oil Price Drop
Wall Street Journal
MOSCOW—The Russian ruble fell to its weakest level against the dollar this year on Monday as oil prices continued to slide. In Moscow, the dollar briefly climbed to 72.47 rubles, coinciding with a slide in Brent crude futures below $37 a barrel. The
Ruble drops to 2015 low amid oil price slumpArab News

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Calgary's fine dining restaurants the latest victims of oil price collapse – The Globe and Mail


The Globe and Mail
Calgary’s fine dining restaurants the latest victims of oil price collapse
The Globe and Mail
While Mr. Terrigno says Osteria De Medici is established enough to weather the downturn – and will even open an on-site private club in 2016 – the collapse in the price of oil and the resulting job losses in Calgary have hammered the city’s swank

Oil Prices 2016: What to Expect – Motley Fool


Motley Fool
Oil Prices 2016: What to Expect
Motley Fool
Heading into 2015, there was a general consensus among analysts that oil prices would be weaker initially in 2015 before improving toward the end of the year. In fact, about this time last year, the U.S. Energy Information Administration, or EIA
The Crude Oil Export Ban–What, Me Worry About Peak Oil?Forbes
Oil prices weaken post-Christmas, US crude defends premium over BrentYahoo Finance UK
Oil price rally ends amid bearish outlookThe Australian
AsiaOne –Xinhua –Livemint
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Hoping for a Price Surge, Oil Companies Keep Wells in Reserve – CNBC


CNBC
Hoping for a Price Surge, Oil Companies Keep Wells in Reserve
CNBC
For individual companies like Anadarko, the deferred completions — known in the oil business as D.U.C.s (an acronym for drilled but uncomplete) — are a bet on higher oil prices than the current level of about $38 a barrel, which is about 60 percent
Hoping for a price surge, oil firms keep wells in reserveThe Hindu
oil companies keep wells in reservegulfnews.com

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Ewart: From bad to worse … oil price plunge dominates 2015 – Calgary Herald


Calgary Herald
Ewart: From bad to worse … oil price plunge dominates 2015
Calgary Herald
If anyone needed reminding oil and gas is a boom-and-bust business, an almost 70 per cent decline in the price of oil in 18 months following an unprecedented boom in the oilsands — as well as shale oil reservoirs opened up by hydraulic fracturing
Oil price collapse named Business Story of the Year for second year in a rowFinancial Post

all 5 news articles »

ONGC Videsh Limited, Rosneft sign Vankor oil field deal – Economic Times


Daily News & Analysis
ONGC Videsh Limited, Rosneft sign Vankor oil field deal
Economic Times
MOSCOW: ONGC Videsh Ltd (OVL)is in talks to raise its stake in Russia’s second biggest oilfield of Vankor while Indian Oil Corp-Oil India are in negotiations for a stake in Taas-Yuriakh Neftegazodobycha oilfield in East Siberia as India looks to deepen …
ONGC Videsh, Rosneft sign Vankor oil field dealDaily News & Analysis

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Martin Marietta Materials, Inc. (NYSE:MLM) Given Average Recommendation of … – Dakota Financial News

Martin Marietta Materials, Inc. (NYSE:MLM) Given Average Recommendation of
Dakota Financial News
The Company’s Cement Business is engaged in producing Portland and specialty cements, such as masonry and oil well cements. The Company’s Magnesia Specialties Business includes magnesia-based chemicals and dolomitic lime businesses. This story …

and more »

Monthly oil production in Texas down 8 percent – UPI.com


UPI.com
Monthly oil production in Texas down 8 percent
UPI.com
AUSTIN, Texas, Dec. 24 (UPI) — Texas oil production for October, the last full month for which data are available, was down 10 percent from the previous month, state data show. The Railroad Commission of Texas, the state’s energy regulator, said total …
As Oil Prices Plunge, Questions About Big Tax CreditTexas Tribune

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ONGC in talks to up stake in Russia's Vankor oilfield: Document – Economic Times


Daily News & Analysis
ONGC in talks to up stake in Russia’s Vankor oilfield: Document
Economic Times
MOSCOW: ONGC Videsh Limited (OVL) and Rosneft today signed an Agreement of Confirmation of successful completion of the first stage of the USD 1.268 billion acquisition of 15 per cent stake in Russia’s second biggest oil field of Vankor by the Indian firm.
Modi in Russia: ONGC Videsh, Rosneft sign agreement for Vankor oil fieldDaily News & Analysis
OVL, Rosneft sign Vankor oilfield dealLivemint

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Indian Oil, Oil India signs MoU with Rosneft for Siberian oilfield – Livemint


Livemint
Indian Oil, Oil India signs MoU with Rosneft for Siberian oilfield
Livemint
Moscow: State-owned Indian Oil Corp. (IOC) and Oil India Ltd. (OIL) on Thursday signed an agreement with Russian oil firm Rosneft to explore the possibility of picking up a stake in the Taas-Yuryakh Neftegazodobycha oilfield in East Siberia. The two
Indian Oil Corp, OIL sign agreement with Russia’s RosneftHindustan Times
IOC, OIL sign pact with Russian oil firm RosneftEconomic Times

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Oil price in pre-holiday rally, but gains will be limited – The Week UK


The Week UK
Oil price in pre-holiday rally, but gains will be limited
The Week UK
The oil price is staging a pre-Christmas rally, on the back of better-than-expected inventory data and a broadly bullish report from the Opec producer cartel. International benchmark Brent crude had fallen to below $36 a barrel on Tuesday, the third
This is why Goldman thinks oil is headed for $20CNBC
The OilPrice PlungeThe Atlantic
US Oil Prices Lift Off Multiyear LowsWall Street Journal
24/7 Wall St. –OilPrice.com –The Guardian
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Man killed after becoming caught in equipment at oilfield site southwest of … – Edmonton Journal


Edmonton Journal
Man killed after becoming caught in equipment at oilfield site southwest of
Edmonton Journal
A 44-year-old worker died Tuesday after getting caught in equipment at an oilfield site near Pigeon Lake, about 100 kilometres southwest of Edmonton. The man was unloading fluid from a tanker truck into a storage tank at about 5 p.m. at the InPlay Oil
Man killed in industrial accident at Alberta oilfield siteGlobalnews.ca
Man found dead at oilfield siteCJOB

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