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  • Dec 10- Goodrich Petroleum Corp and Oasis Petroleum Inc said they expect to spend much less on exploration and production next year, joining a list of U.S. oil and gas companies cutting capital spending as oil prices plunge. Several large oil producers, including ConocoPhillips and Apache Corp, have set lower capital spending budgets for 2015, rattled by a near...

  • Dec 10- Goodrich Petroleum Corp said it would explore strategic options for all or a part of its Eagle Ford shale assets in South Texas to boost liquidity, as oil prices fall. Several oil producers, including ConocoPhillips, Apache Corp and Halcon Resources have set lower budgets for 2015 due to a near 40 percent drop in global crude prices. Goodrich, which also has...

  • Final Glance: Oil companies Tuesday, 9 Dec 2014 | 6:10 PM ET

    BP PLC fell$. 35 or. 9 percent, to $38.52. ConocoPhillips fell$. 07 or. 1 percent, to $64.96. Exxon Mobil Corp. fell$. 32 or. 3 percent, to $91.38.

  • WTI settles higher after touching 5-year low Tuesday, 9 Dec 2014 | 2:36 PM ET
    A derrick hand works on an oil rig drilling into the Bakken shale formation outside Watford City, N.D.

    Brent crude pared losses after hitting a five-year low on Tuesday and plunging more than 4 percent the day before.

  • Don't look for oil glut to end any time soon Tuesday, 9 Dec 2014 | 1:38 PM ET
    Chevron Corp. expects its $7.5 billion Jack/St. Malo platform to begin producing oil and gas in 2014, with a long-range target of 177,000 barrels per day.

    The global oil glut is expected to get much bigger before it's over, keeping pressure on oil prices well into next year.

  • Midday Glance: Oil companies Tuesday, 9 Dec 2014 | 1:21 PM ET

    BP PLC fell$. 65 or 1.7 percent, to $38.22. ConocoPhillips fell $1.14 or 1.8 percent, to $63.89. Exxon Mobil Corp. fell$. 59 or. 6 percent, to $91.11.

  • *Brent hits low of $65.29/ barrel before rebounding. NEW YORK, Dec 9- Brent prices were up on Tuesday after a 5- year low and five straight days of losses and U.S. crude also rose as players sought a sustainable price for oil in a market haunted by oversupply concerns. Brent was up 57 cents at $66.76 a barrel by 11:53 a.m. EST after falling as low as $65.29, its weakest...

  • Wall Street banks making huge bet on this Tuesday, 9 Dec 2014 | 11:19 AM ET

    Some of Wall Street's biggest players are ready to write billion-dollar checks to finance a nearly $16 billion Gulf Coast natural-gas project.

  • Early Glance: Oil companies Tuesday, 9 Dec 2014 | 10:21 AM ET

    BP PLC rose$. 10 or. 3 percent, to $38.97. ConocoPhillips rose$. 98 or 1.5 percent, to $66.01. Exxon Mobil Corp. fell$. 04 or percent, to $91.66.

  • NEW YORK, Dec 8- U.S. stocks declined on Monday, dragged lower by a big drop in energy shares and global growth concerns following soft data out of China and Japan. You're seeing some of these ripple effects today, "said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles, noting there also seems to be profit-taking as year's end...

  • Midday movers: McDonald's, Sony, Celgene & more Monday, 8 Dec 2014 | 1:12 PM ET

    Some of Monday's midday movers:

  • NEW YORK, Dec 8- U.S. stocks were little changed on Monday, as investors weighed the strength of the U.S. economy against global growth concerns following soft data out of China and Japan, while biotechs rose on merger activity. Major indexes opened slightly lower after data showed China's exports grew at a slower-than-expected pace and imports dropped 6.7...

  • NEW YORK, Dec 8- U.S. stocks dipped on Monday, after soft data in China and Japan raised global growth concerns, while a further drop in oil prices weighed on energy shares. Data showed China's exports grew at a slower-than-expected pace and imports dropped 6.7 percent in November, while Japan's economy shrank more than expected in the third quarter.

  • Dec 8- Oil and gas producer ConocoPhillips said its capital budget for 2015 would drop 20 percent to $13.5 billion, amid a steep decline in global crude prices. ConocoPhillips said it would "defer significant investment" in the Montney and Duvernay fields in Canada, the Permian Basin in Texas and the Niobrara shale field, which extends over Colorado, Wyoming,...

  • Dec 8- ConocoPhillips set a capital budget of $13.5 billion for 2015, a 20 percent drop from its 2014 spending plans, amid a steep decline in global crude prices.

  • *Microsoft rises, limiting the market's decline. NEW YORK, Dec 4- U.S. stocks ended slightly lower on Thursday after European Central Bank President Mario Draghi brushed off pressure for more immediate monetary policy action but said the issue would be addressed early next year. "I wasn't expecting much from the ECB, which doesn't want to paint itself into a corner,...

  • CARACAS, Dec 2- The World Bank's international arbitration panel will not decide this year whether to take up Venezuela's request for a revision of an award that ordered it to pay Exxon Mobil Corp in compensation for oil projects nationalized in 2007, a lawyer for the country told Reuters on Tuesday. The International Center for Settlement of Investment...

  • Oil stocks, currencies tank on OPEC move Friday, 28 Nov 2014 | 7:08 AM ET
    Rig workers take a break on a Petrobras oil platform in Angra dos Reis, Rio de Janeiro, Brazil.

    Oil prices, oil-related shares, and oil-linked currencies all tumbled on Friday in the wake of OPEC's decision to refrain from cutting output.

  • US is a 'hot potato' market: Boockvar  Wednesday, 26 Nov 2014 | 5:23 PM ET

    Peter Boockvar, Chief Market Analyst at The Lindsey Group, says Wall Street shares are "extraordinarily overbought" at the moment due to expectations of central bank support.

  • Midday movers: Apple, Netflix, Comcast & more Tuesday, 25 Nov 2014 | 1:18 PM ET

    Some of Tuesday's midday movers: