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  • *Both down 15 pct on month; WTI drop the biggest since July 2015. NEW YORK, July 29- Oil prices steadied on Friday amid short-covering after a week-long selloff but were on track to end the month about 15 percent lower on persistent glut concerns, with the biggest decline seen for U.S. crude in a year. Brent's expiring front-month contract, September, was at $42.15 a...

  • July 29- U.S. drillers this week added oil rigs for a fifth consecutive week, Baker Hughes Inc said on Friday, but the oilfield services provider and some analysts cast doubts on a substantial recovery in drilling this year with crude prices heading for their biggest monthly loss in a year. The market was on track for a monthly loss of about 15 percent, and is down...

  • *Both down 15 pct on month; WTI drop the biggest since July 2015. NEW YORK, July 29- Oil prices steadied on Friday amid short-covering after a week-long selloff but were on track to end the month about 15 percent lower on persistent glut concerns, with the biggest decline seen for U.S. crude in a year. Brent's most active contract, October, was down 8 cents at $43.15 after...

  • NEW YORK— Stocks are mostly higher in afternoon trading Friday, as investors worked through another mixed batch of corporate earnings, this time from positive results from Google's parent company Alphabet and Amazon, and disappointing results from oil giants Chevron and Exxon Mobil. LOW ENERGY: Exxon Mobil and Chevron declined after both companies reported...

  • HOUSTON, July 29- Chevron Corp posted its worst quarterly loss since 2001 on Friday and Exxon Mobil Corp reported a 59 percent slide in quarterly profit, both victims of a prolonged rout in crude prices and sinking income from refining, a sign of the broad malaise across the energy sector. "It's a challenging environment for the integrated" oil producers, said Brian...

  • *Iran's crude oil exports to Asia surge. LONDON, July 29- Oil prices fell to their lowest levels since April on Friday, with Brent on track for its biggest monthly loss since December 2015, pressured by slowing economic growth that threatened to increase a supply overhang of crude and refined products. Brent crude oil futures were trading at $42.20 by 1322 GMT, down...

  • HOUSTON, July 29- Chevron Corp, the second largest U.S.-based oil producer, posted a second-quarter loss on Friday, its largest since 2001, due to the slump in crude prices and refining income. The company lost $1.47 billion, or $1.07 per share, in the quarter, compared with a net profit of $571 million, or 30 cents per share, in the year-ago period.

  • Oil could slip to $35: Pro

    John Kilduff, Again Capital Partners, shares his call on crude prices as inventories continue to build.

  • Chevron CEO John Watson

    Chevron posted a loss for the second quarter as it reported $2.8 billion in impairments, surprising the Street.

  • Flames leap from a burner unit at the Exxon-Mobil refinery in Torrance, Calif.

    ExxonMobil earned an adjusted 41 cents per share in the second quarter, compared with expectations for 64 cents per share.

  • LONDON, July 29- Middle distillates remain the one ray of hope for U.S. oil refiners still struggling to clear a glut of gasoline caused by over-production earlier in the year. Stocks of distillate fuel oil are higher than normal but have been trending down for the last 15 weeks according to the U.S. Energy Information Administration. By July 19, hedge funds had...

  • Stocks to Watch: July 29, 2016

    Merck, Exxon Mobil and Amazon are making headlines this Friday morning before the opening bell.

  • Oil prices hover near April lows amid oversupply

    Concerns of the supply glut of crude and refined products continue to weigh on oil prices.

  • REUTERS POLL- BRENT CRUDE OIL SEEN AVERAGING $45.51/ BARREL IN 2016.

  • A survey of 29 economists and analysts forecast Brent crude will average $45.51 per barrel in 2016, up marginally from last month's forecast of $45.20, and about $3.55 higher than the $41.96 average so far this year. "We project solid global demand growth in 2016, and a reasonable growth in 2017, mostly driven by China, India and Africa. As such, demand should help to...

  • Except, that is, in Russia. While in the past two years world oil prices have fallen 60 percent, the prices at the pump for gasoline in Russia- one of the world's biggest oil producers- have risen 11 percent. That extra money is about 1.4 percent of projected budget revenues for this year, or roughly what it will cost the Kremlin to build a planned bridge connecting...

  • *Iran's crude oil exports to Asia surge. LONDON, July 29- Oil prices fell to their lowest levels since April on Friday, with on Brent track for its biggest monthly loss since December 2015, pressured by slowing economic growth that threatened to increase a supply overhang of crude and refined products. Brent crude oil futures were trading at $41.89 by 0908 GMT, down...

  • *Iran's crude oil exports to Asia surge. West Texas Intermediate crude fell 27 cents, or 0.7 percent, to $40.87 a barrel, slipping below $41 for the first time since April. Because refiners produced too much fuel from cheap crude, margins in the Americas, Europe and Asia have fallen sharply this year, eroding revenues for oil producers and refiners like Royal Dutch...

  • *Iran's crude oil exports to Asia surge. West Texas Intermediate crude fell 26 cents, or 0.6 percent, to $40.88 a barrel, slipping below $41 for the first time since April. Because refiners produced too much fuel from cheap crude, margins in the Americas, Europe and Asia have fallen sharply this year, eroding revenues for oil producers and refiners like Royal Dutch...

  • *Imports by China, India, Japan, South Korea rise. By discounting prices for its crude against Saudi Arabia and Iraq, Iran has attracted new customers in countries such as Poland and spurred higher demand from existing buyers in Asia. The four countries, South Korea, Japan, China and India, imported 1.72 million barrels per day in June, government and ship-tracking...