Nearly every oil company stock is lower again, after the IEA saying the risk of oil prices falling further has increased. This can be fixed through a small amount of demand, and supply discipline, explains Kris Kelley, Janus Capital Group's equity research analyst.» Read More
OIL DRILLERS CUT RIGS FOR A FIFTH WEEK IN LAST SIX ON WEAK CRUDE PRICES- BAKER HUGHES.
The recent leg lower in oil prices is no surprise, and the oil rout will get worse before it gets better, John Hofmeister says.
Oilman Harold Hamm says 2016 will be the year that oil markets recover. Here's when he thinks it will happen.
LAUNCESTON, Australia, Dec 21-- If 2015 was the year in which the growing oversupply of key commodities led to a rout in prices, will 2016 bring the point of capitulation, leading to consolidation and the start of recovery? That would certainly be the hope of many beleaguered commodity producers, be they members of OPEC, shale gas drillers in North America or the big...
Dec 20- Strapped for cash, Chesapeake Energy Corp cancelled its traditionally grand display of holiday lights this year, but like most oil and gas drillers it is still dreaming of a white Christmas. Typically by the second half of December between a third and half of the United States has snow cover. Two Texas- based drillers, Magnum Hunter Resources Corp and Cubic...
There is no immediate prospect of large-scale oil exports from the United States because domestic refineries have increased their processing of U.S. crude while domestic oil output has leveled off thanks to the slump in oil prices. The best way to ensure the United States continues to enjoy a healthy domestic oil industry is to allow both oil drillers and...
U.S. House Republicans plan to file a government funding bill on Tuesday night that will include a provision lifting the U.S. ban on crude oil exports.
Halliburton has been forced to delay for a second time its planned $26bn acquisition of rival Baker Hughes, the Financial Times reports.
Beyond the Paris climate talks, THIS crucial decision could jeopardize Obama's environmental legacy, says Sierra Weaver.
The projected declines in 2016 non-OPEC crude production will come from shale drillers, not oil majors, analysts tell CNBC.
Shell said on Thursday it was reviewing its business interests in New Zealand as it seeks to streamline its portfolio amid a slump in energy prices.
One of the biggest factors in oil markets next year will be the impact of capital spending cuts on crude production, Tom Petrie said.
A number of drillers saw their stock rise on Tuesday despite oil prices hitting their lowest levels since 2009.
Since oil prices declined to nearly seven-year lows, we take a look at how this drop will affect what consumers pay at the pump.
NEW YORK, Dec 8- Price swings in the energy market weighed on stocks and exchange-traded funds again on Tuesday, hitting the shares of oil producers for the fifth consecutive trading day. Markets in energy-infrastructure stocks were active as well, as Kinder Morgan lost 6.5 percent. Exxon Mobil Corp fell 1.9 percent, Chevron Corp was down 1 percent and...
OPEC's decision to leave its oil production quota unchanged is hammering oil markets, but some experts are skeptical about even lower prices.
OIL DRILLERS CUT RIGS FOR THIRTEENTH WEEK IN THE LAST 14- BAKER HUGHES.
OIL DRILLERS ADD RIGS FOR FIRST WEEK IN THREE DESPITE WEAKER CRUDE PRICES- BAKER HUGHES.
After years of strong employment gains that outpaced total private sector growth, the energy sector is now the biggest job cutter of 2015.
Enrollment in petroleum engineering degree programs appears set to fall, raising concerns about a talent drought in future oilfield crews.