Oil rig counts in the U.S. rose for the first time since December 2014 last week, which could impact year-end price targets.» Read More
HOUSTON, Jan 9- New oil and gas well permits issued across the United States rose slightly in December and surged 72 percent in Colorado and Wyoming after falling sharply in November on tumbling crude prices. New permits plunged nearly 40 percent in November compared to October, signaling a potential slowdown in the shale oil and gas boom that brought the United...
*Brent breaks below $49, US crude under $48; low since April 2009. Benchmark Brent crude broke below $49 a barrel but returned to above the $50 support level it had seen earlier in the week after oil services firm Baker Hughes reported the largest drop in 24 years in U.S. drilling rigs. "In my opinion we have not stabilized out yet, but the rig data and some short-covering...
BRENT CRUDE PARES LOSSES AFTER BAKER HUGHES REPORT SHOWING DROP IN U.S.
Synergy Resources reported fiscal first-quarter earnings more than tripled to $21.2 million.
*Brent breaks below $49, US crude under $48; low since April 2009. Benchmark Brent crude broke below $49 a barrel, drifting further below the $50 support level it had seen earlier in the week. Others said they saw plenty of incentives to sell, including relatively high U.S. oil production despite the drop in drilling rigs; OPEC's continuing refusal to cut output...
Jan 9- Oil prices slumped again on Friday after two days of relative stability, hitting 5-3/ 4 year lows in search of a bottom to the market's six-month-long rout. Benchmark Brent crude fell more than $2 to $48.90 a barrel, its lowest since April 2009. U.S. crude was down $1.43 at $47.36 a barrel, after sliding to $47.16, also a low since April 2009.
BRENT CRUDE OIL DOWN MORE THAN $1.50 AT 1601 GMT, SETS NEW LOW SINCE APRIL 2009 OF $49.25 A BARREL.
Department of Mineral Resources Director Lynn Helms outlined breakeven rates for wells across the state and production projections for a range of prices in a presentation for the House Appropriations Committee of the State Legislature. Breakeven rates for new wells, the level at which all drilling would cease, range from $29 in Dunn county and $30 in...
In a closely watched case, Nebraska's top court tossed a suit challenging a route for the Keystone XL oil pipeline.
*China annual consumer inflation near five-year low. LONDON, Jan 9- Oil prices headed for a seventh straight weekly loss on Friday, slipping back towards $50 a barrel on Friday as key producers show no sign of cutting output in the face of a supply glut. Global oil benchmarks hit their lowest since 2009 this week and are less than half their June levels, with Brent...
The Nebraska Supreme Court overturned a ruling that blocked the Keystone Pipeline. CNBC's Jim Cramer and David Faber discuss the impact of the ruling.
Concerns are deepening that the U.K. economy is slowing down, following a spate of disappointing data. Could any sector help?
The drop in oil prices is putting money in consumers' pockets and is "a good thing, basically" for the economy, the Minneapolis Fed president said.
Feeling a little more flush this year? Well, you soon could be – the fall in oil prices is expected is free up $700 for each U.S. household.
By Jane Xie SINGAPORE, Jan 9- For the first time since 2009, a contract to buy crude oil or any sort of refined product costs less if it's for immediate delivery than for future shipment, giving traders more reason to buy now than later. The entire oil complex slipped into contango on Wednesday as a deluge of cargoes triggered by the rise of U.S. shale oil and refinery...
Olivier Esnou, head of capital goods equity research at Exane BNP Paribas, says that companies like ABB and Siemens could take a significant hit if the oil price slide continues.
*OPEC sticks to decision of no output cut- sources. *China annual consumer inflation remains near 5- year low. Brent crude had climbed 25 cents to $51.21 a barrel by 0439 GMT.
For oil prices to rebound, more adjustments in production output will be needed, says Will Oswald, Global Head of Fixed Income, Credit and Commodities at Standard Chartered.
*OPEC sticks to decision of no output cut- sources. *China annual consumer inflation remains near 5- year low. Brent crude had climbed 21 cents to $51.17 a barrel by 0203 GMT.