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  • Oil hits 4-month low on China stock market dive Monday, 27 Jul 2015 | 4:40 PM ET
    The oil storage depot at Indonesian oil company Pertamina in Jakarta

    Crude oil futures hit four-month lows on Monday after a steep drop in China's stock markets sparked concern about its economic health.

  • *Oil prices to stay below $70 a barrel in 2015/ 16- NAB. SINGAPORE, July 27- Oil prices fell on Monday after closing the previous session at their lowest levels since March on renewed oversupply concerns from the United States and Iraq, although a weaker dollar helped to limit deeper losses. "The markets are looking for price guidance from Janet& Co," said Ben Le Brun,...

  • SINGAPORE, July 27- Oil prices fell on Monday after closing the previous session at their lowest levels since March on renewed oversupply concerns from the United States and Iraq, although a weaker dollar helped to limit deeper losses. "The markets are looking for price guidance from Janet& Co," said Ben Le Brun, market analyst at Sydney's OptionsXpress, referring...

  • *Drillers add 21 oil rigs in U.S. this week- Baker Hughes. NEW YORK, July 24- Brent and U.S. crude futures settled on Friday at their lowest since March and posted their fourth straight weekly decline as weak economic data from China and a rise in U.S. oil drilling rigs applied pressure. U.S. energy firms added 21 oil rigs this week after pulling seven rigs last week, oil...

  • NEW YORK, July 24- Brent and U.S. crude futures extended losses to session lows on Friday after Baker Hughes Inc data showed companies added 21 oil rigs in the United States this week. Brent crude was down 80 cents at $54.47 a barrel at 1:18 p.m. EDT, after falling to $54.30. U.S. crude was down 52 cents at $47.93, having dropped to $47.72 after the rig-count report was...

  • July 24- Oilfield giants Schlumberger Ltd and Halliburton Co and many others in the oil and gas industry have announced plans to lay off thousands of people in the past few months as global oil prices have fallen more than 40 percent since June last year. Houston- based Schlumberger also said in April that it plans to cut another 11,000 jobs, bringing the total job...

  • OIL DRILLERS ADD RIGS THIS WEEK DESPITE CRUDE PRICE COLLAPSE- BAKER HUGHES.

  • NEW YORK, July 24- Brent futures fell and U.S. crude turned lower on Friday as both contracts headed for their fourth straight weekly declines as weak economic data from China added pressure on oil prices. U.S. crude losses follow Thursday's fall into bear market territory, with it $48.45 a barrel settlement off 21 percent from the June 10 close at $61.43.

  • An energy play that nobody's talking about Thursday, 23 Jul 2015 | 12:38 PM ET
    Flared natural gas is burned at an Apache natural gas plant in the Permian Basin in Garden City, Texas.

    Companies are plowing billions into infrastructure projects, making long-term bets that demand for nat gas will keep growing.

  • Dow closes off triple digits as IBM, UTX slide Tuesday, 21 Jul 2015 | 4:00 PM ET
    A trader works on the floor of the New York Stock Exchange.

    U.S. stocks closed lower, with the Dow Jones industrial average pressured by lackluster earnings from a few blue chips.

  • *Baker Hughes shares up 3 pct, Halliburton up 4 pct. Rising stage intensity- the practice of fracking more stages per well to increase production- also helped Baker Hughes stem revenue losses, said Societe Generale analyst Edward Muztafago. Baker Hughes's second-quarter revenue from North America, which accounts for over a third of total revenue, decline 25...

  • Apple earnings in focus for Wall Street Tuesday, 21 Jul 2015 | 9:26 AM ET
    Customers outside an Apple store in Madrid, Spain.

    U.S. stocks were expected to open a touch weaker on Tuesday, as earnings season gets into full swing with the likes of Apple reporting this session.

  • July 21- Oilfield services provider Baker Hughes Inc, which is being acquired by larger rival Halliburton Inc, said it expects unfavorable market conditions to persist for the rest of the year. "In North America, we don't anticipate activity to increase while commodity prices remain depressed," Baker Hughes Chief Executive Martin Craighead said in a statement...

  • July 21- Oilfield services provider Baker Hughes Inc, which is being acquired by larger rival Halliburton Inc, posted a quarterly loss, compared with a year-ago profit, as a steep drop in oil prices kept a lid on drilling activity. Net loss attributable to Baker Hughes was $188 million, or 43 cents per share, in the second quarter ended June 30, compared with a profit of...

  • Apple earnings in focus for Wall Street Tuesday, 21 Jul 2015 | 6:01 AM ET
    Customers outside an Apple store in Madrid, Spain.

    U.S. stocks were expected to open a touch weaker on Tuesday, as earnings season gets into full swing with the likes of Apple reporting this session.

  • *U.S. crude futures drop below $50 intraday. NEW YORK, July 20- Oil futures fell on Monday and U.S. crude slipped below $50 a barrel intraday as ample supply, the prospect of more Iranian crude for export and a strengthening dollar combined to pressure prices. August crude, set to expire on Tuesday, fell 74 cents to settle at $50.15, having fallen to $49.85, its first time...

  • *U.S. crude futures drop below $50 intraday. NEW YORK, July 20- Oil futures fell on Monday and U.S. crude slipped below $50 a barrel intraday as ample supply, the prospect of more Iranian crude for export and a strengthening dollar combined to pressure prices. August crude, set to expire on Tuesday, fell 74 cents to settle at $50.15, having fallen to $49.85, its first time...

  • US oil ends at $50.15 a barrel; lowest since April Monday, 20 Jul 2015 | 2:31 PM ET
    A customer fills his tank at a gas station in Wheeler Ridge, California.

    Oil prices slipped on Monday, despite data showing a sharp drop in Saudi Arabia's crude oil exports.

  • NEW YORK, July 20- Oil futures fell and U.S. crude briefly slipped below $50 a barrel in choppy trading on Monday as ample supply, the prospect of more crude entering the market and the stronger dollar combined to pressure prices. Brent September crude was down 53 cents at $56.57 a barrel at 2:02 p.m. EDT, having swung from $56.45 to $57.44. August crude was down 74...

  • *Halliburton, Baker shares up amid decline in oil stocks. July 20- Halliburton Co said it had tapped BlackRock Inc for $500 million to help fund drilling in existing shale wells, the first such move by a major oilfield services provider at a time when oil producers are shying away from drilling new wells. "Though a relatively small market today, we see significant...