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
Plunging oil prices have left many crude-exporting countries with budgets that simply won't balance.
U.S. drillers have mostly weathered OPEC's policy of nonstop pumping. But it's left balance sheets battered.
Dealmaking in America's oil patch has slowed to a trickle, while organized restructurings have ticked up among drillers.
The oilfield services giant announces another round of layoffs amid the global downturn.
A climate fund offered to European investors by HSBC, the HSBC GIF Global Equity Climate Change fund, holds stock in U.S. oil producer and refiner Chevron Corp, South African energy company SASOL Ltd and British oil and gas producer BG Group Plc. "It is not so much about avoiding companies that are carbon emitters, but about investing in companies that have sought to...
Instead of falling off as OPEC hoped, oil production has increased from where it was last year, and the world is still swimming in crude.
U.S. oil producers proved remarkably resilient in the face of an OPEC policy aimed squarely at curtailing American output.
Volatility in the oil markets continue, with prices set to plunge over the holidays, says John Kilduff. Here's why crude could fall to $30 a barrel.
Nymex oil may have a prolonged sideways consolidation between $38 and $48 but charts suggest that, long-term, it has further to fall.
OIL DRILLERS CUT RIGS FOR AN 11 TH WEEK IN LAST 12 ON WEAK CRUDE PRICES- BAKER HUGHES.
OIL DRILLERS ADD RIGS FOR FIRST WEEK IN 11 DESPITE LOWER CRUDE PRICES- BAKER HUGHES.
There are great benefits to developing the Arctic's amazing wealth of resources, if done carefully, according to Iceland's president.
The world's largest exporter will keep pumping oil to maintain global market share.
While some might see crude oil falling to $30 or less, I think market sentiment may be starting to change, says Andy Lipow. Here's why.
Hans Jakob Hegge, CFO of Statoil, says his company is still investing in a range of projects despite low oil prices.
*Baker Hughes data shows 9th weekly decline in U.S. oil rig count. NEW YORK, Oct 30- Oil prices rose on Friday, finishing higher for the week and month as well, after another decline in the U.S. oil rig count indicated domestic crude production could fall in coming months. U.S. oil drillers removed 16 rigs in the week ended Oct. 30, bringing the total rig count down to 578, the...
*Baker Hughes data shows 9th weekly drop in U.S. oil rig count. Brent, the global benchmark for oil, was up 60 cents, or 1.2 percent, at $49.40 a barrel by 1:11 p.m. EDT. U.S. oil drillers removed 16 rigs in the week ended Oct. 30, bringing the total rig count down to 578, the least since June 2010, oil services company Baker Hughes Inc said in its closely followed report.
Marina Petroleka, head of energy & infrastructure research at BMI Research, says oil companies are adjusting their expectations as a persistent oil surplus will continue to suppress prices.
Midstream oil and gas dealmaking reached $63.5 billion in the third quarter, driven by megadeals worth $1 billion or more.
Continued demand growth and falling production next year may end a protracted slump in energy prices, John Hess says.