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  • Goldman: Oil prices must 'stay low for longer' Tuesday, 7 Apr 2015 | 9:56 AM ET
    Pipelines and oil storage tanks in Cushing, Oklahoma

    U.S. oil inventory and capex falls may boost prices modestly near term, but production growth is still too strong for substantial gains, Goldman said.

  • March 25- General Electric Co said it increased planned job cuts in its Lufkin oilfield equipment unit to 575, as it grapples with pressure on the unit from the drop in oil prices. "As a result of increasingly challenging market conditions, we are announcing additional workforce reductions in our Lufkin business," said Kristin Schwarz, a GE Oil& Gas spokeswoman.

  • March 25- General Electric Co increased planned job cuts in its Lufkin oilfield equipment unit to 575, as it grapples with pressure on the unit from the drop in oil prices, Bloomberg reported. The move follows GE's notification to regulators in January of the planned layoffs of 330 people at its beam-pumping manufacturing facility in Lufkin, Texas.

  • Oil firms are swimming in data they don't use Thursday, 5 Mar 2015 | 1:39 PM ET

    The energy industry's failure to use the data it collects means it's not as efficient as it could be, leaving money on the table.

  • Why OPEC is dead Wednesday, 4 Mar 2015 | 3:32 PM ET
    Oil Iraq OPEC

    With oil's price collapse, we can now declare that OPEC's reign as king of the market is over.

  • Are oil producers running out of closet space? Wednesday, 25 Feb 2015 | 5:51 PM ET
    Oil tanks and pump jacks are seen in an oil field near Bakersfield, Calif.

    Oil supply running ahead of demand hasn't just pressured prices, it's also filling up storage space, potentially pushing crude toward another leg down.

  • Hedge funds dig deep in energy company bets Thursday, 19 Feb 2015 | 7:24 PM ET
    Oil

    Activist hedge funds are buying stakes in North American oil and gas producers whose stocks have fallen because of the collapse of energy prices.

  • Top oil analyst: The worst is yet to come Wednesday, 11 Feb 2015 | 7:33 AM ET
    An oil well owned an operated by Apache Corporation in the Permian Basin is shown in Garden City, Texas, Feb. 5, 2015.

    Oil prices will get a heck of a lot worse before they get better, a top industry analyst said on Tuesday.

  • Why rig cuts won't save oil: Goldman Tuesday, 10 Feb 2015 | 11:44 PM ET
    Idled oil well pump jacks sit in the yard at Wood Energy Inc. in Woodlawn, Ill, Jan. 20, 2015.

    The sharp drop in U.S. oil rig counts has helped lift crude prices off their lows, but it won't slow production or alleviate oversupply, Goldman said.

  • Halliburton to cut up to 8% of jobs as oil falls Tuesday, 10 Feb 2015 | 2:57 PM ET
    Halliburton oil fracking

    Halliburton will layoff between 6.5 and 8 percent of its global staff, the oil field services company said Tuesday.

  • Oil layoffs could come back to haunt the industry Tuesday, 10 Feb 2015 | 11:10 AM ET
    Flared natural gas is burned off at Apache Corporations operations at the Deadwood natural gas plant in the Permian Basin in Garden City, Texas.

    Job cuts are inevitable as oil prices tumble, but layoffs today could have significant ramifications for the sector tomorrow.

  • Is this oil rally the real deal? Tuesday, 3 Feb 2015 | 11:33 PM ET
    A worker inspects valves and pipes at an oil gathering station in Russia, January 28, 2015.

    Oil prices have rallied off post-crisis lows, possibly marking the rout's bottom as producers' cutbacks begin pinching supply, some analysts said.

  • National Oilwell warns of 'severe downturn' in 2015 Tuesday, 3 Feb 2015 | 12:40 PM ET
    Workers, bottom left, walk near National Oilwell Varco Inc. (NOV) oil duct reels at the Acu Port in Sao Joao da Barra, Brazil.

    National Oilwell Varco warned of a severe downturn in its business after orders for its drilling parts plunged nearly 90 percent.

  • Feb 3- Top U.S. oilfield equipment maker National Oilwell Varco Inc warned of a severe downturn in its business after orders for its drilling parts plunged nearly 90 percent, underscoring the extent of the spending cuts caused by the oil price slump. "Customers are delaying purchases of both capital and consumables wherever possible, seeking to conserve cash in...

  • Feb 3 (Reuters)- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, warned of a challenging market in 2015 after orders in its rig technology business plunged nearly 90 percent in the fourth quarter. Orders in the business, which makes rigs and drilling components, fell to $470 million from $3.61 billion in the quarter ended Dec. 31, from a year...

  • Feb 3- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported an 8 percent rise in quarterly revenue, helped by a strong backlog of orders for its rigs and drilling components. Net income attributable to the company fell to $595 million, or $1.39 per share, in the fourth quarter ended Dec. 31, from $658 million, or $1.53 per share, a year...

  • US manufacturing rebound a virtual 'myth': Study Monday, 12 Jan 2015 | 6:00 AM ET
    A Ford F-150 truck during assembly at the Ford Dearborn Plant in Dearborn, Michigan

    Despite anecdotal evidence, a new study is dismissing the U.S. manufacturing renaissance as little more than a "myth."

  • How low can we go? Picking the price of oil Wednesday, 7 Jan 2015 | 5:33 AM ET
    The oil storage depot at Indonesian oil company Pertamina in Jakarta

    Trying to pick the bottom of oil's surprise price plunge may be tougher this time around, with analysts turning to non-traditional indicators to make predictions.

  • Chart shows oil rig count may have long way to fall Friday, 19 Dec 2014 | 1:18 PM ET
    A pedestrian walks past pumpjacks operating at the Inglewood Oil field in Los Angeles.

    Oil rig count numbers have a long way to drop, late to chase the price fall in gas prices.

  • Other possible winners from the Halliburton deal Tuesday, 18 Nov 2014 | 3:13 PM ET
    A worker on a oil and gas drilling rig.

    A sale of parts of Halliburton's business to appease regulators could be a game-changer for smaller oilfield services companies, analysts say.