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Energy Commodities Oil

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  • QUITO, July 31- Ecuador's state oil company Petroecuador has signed a crude oil supply agreement with a division of Thailand's state-run PTT under which the Andean country will receive a $2.5 billion up-front payment, according to a statement from the company. Petroecuador International Trade Manager Nilsen Arias confirmed the deal to Ecuador's El...

  • *Oil hit by bearish Reuters July survey on OPEC oil. *5 rigs added this week to U.S. oil rig count- Baker Hughes. NEW YORK, July 31- Oil prices fell on Friday, with U.S. crude looking set to post the largest monthly drop since the 2008 financial crisis after signs that top producers in the Middle East were continuing to pump at record levels despite a growing global gut.

  • July 31- Weak oil prices shriveled quarterly profit at Exxon Mobil Corp and Chevron Corp on Friday, compelling both companies to rethink operations and plan for what many expect to be a sustained period of cheap crude. Evan Calio, an analyst with Morgan Stanley, said on Exxon's earnings conference call that the oil giant appeared to be less vocal than its peers...

  • *Oil weighed by bearish Reuters July survey on OPEC oil. NEW YORK, July 31- Oil prices fell on Friday, with U.S. crude set to post the largest monthly drop since the 2008 financial crisis, after signs that top producers in the Middle East were continuing to pump at record levels despite a growing global gut. July's losses came on the back of a stock market tumble in top...

  • 'Hope' is not an investment strategy Friday, 31 Jul 2015 | 12:15 PM ET
    'Hope' is not an investment strategy

    The Fast Money Halftime Report traders discuss how to play the oil space.

  • Chevron earnings plummet Friday, 31 Jul 2015 | 10:00 AM ET
    Chevron earnings plummet

    Chevron misses big with Q2 earnings; posts its worst profit in almost 13 years.

  • XOM dips on lower prices Friday, 31 Jul 2015 | 10:00 AM ET
    XOM dips on lower prices

    Lower oil prices take a toll on Exxon Mobil's Q2 earnings.

  • Oil prices could be as low as $50 by 2020: Goldman Friday, 31 Jul 2015 | 10:25 AM ET

    The oil price could be stuck firmly around $50 by 2020, a Goldman Sachs analyst told CNBC, raising new fears about companies who've already cut costs.

  • *OPEC oil production up 140,000 bpd in July- Reuters survey. LONDON, July 31- Oil prices steadied on Friday as a sharp fall in the dollar balanced evidence of growing oversupply, with core OPEC producers pumping near record levels. Brent crude oil was down 25 cents at $53.06 a barrel by 1350 GMT.

  • down 2.2 pct at $81.20 premarket. **Profit at Exxon's exploration and production business drops to $2 bln from $7.9 bln a year earlier. **Q2 profit slides 52 pct to $1.00/ share vs analysts' average estimate of $1.11/ share.

  • July 31- Imperial Oil Ltd, Canada's No.2 integrated oil producer and refiner, reported a lower-than-expected quarterly profit, hurt by the slump in crude prices. Imperial, majority owned by Exxon Mobil Corp, said on Friday that its capital expenditure fell about 41 percent to C $819 million in the second quarter. Excluding a C $320 million charge related to an...

  • Chevron posts worst profit in nearly 13 years Friday, 31 Jul 2015 | 9:42 AM ET
    The Chevron logo is shown at Chevron Plaza in Calgary, Alberta, Canada.

    Chevron delivered quarterly earnings that fell well short of analysts' expectations on Friday.

  • July 31- Exxon Mobil Corp reported lower-than-expected second-quarter results on Friday as tumbling crude prices halved profit at the world's largest publicly traded oil company. Profit at Exxon's exploration and production business fared even more poorly with a profit of $2 billion, down sharply from $7.9 billion a year earlier. Exxon, based in Irving,...

  • Exxon profit plunges 52% on low oil prices Friday, 31 Jul 2015 | 8:15 AM ET

    Exxon Mobil delivered quarterly earnings that fell short of analysts' expectations on Friday, hurt by lower oil prices.

  • LONDON, July 31- Oil prices fell on Friday as concern over global oversupply intensified after oil producers' cartel OPEC indicated there would be no cuts in production despite a huge global oversupply. "All commodities are down," said Abhishek Deshpande, oil analyst at Natixis. Benchmark North Sea Brent crude headed for its fifth consecutive weekly fall after...

  • Put money on oil: Horwitz Friday, 31 Jul 2015 | 5:50 AM ET
    Put money on oil: Horwitz

    Todd Horwitz, author & founder at Averagejoeoptions.com, explains why oil prices will stabilize and why it's a good investment opportunity.

  • Oil will be mired here for 2015: Analyst Friday, 31 Jul 2015 | 5:30 AM ET
    Oil will be mired here for 2015: Analyst

    Michael Scialla, research analyst at Stifel, talks about the outlook for oil prices and production in the coming months.

  • M&A key to rebalance the energy industry: researcher Friday, 31 Jul 2015 | 2:30 AM ET
    M&A key to rebalance the energy industry: researcher

    Michele Della Vigna, head of European energy research at Goldman Sachs, discusses what to look out for in oil stocks and the impact of shale on the industry.

  • Energy firms hike productivity but cut jobs Friday, 31 Jul 2015 | 2:30 AM ET
    Energy firms hike productivity but cut jobs

    Michele Della Vigna, head of European energy research at Goldman Sachs, talks about the volatility in oil prices and how energy firms are cutting costs.

  • LONDON, July 31- BG Group's second-quarter earnings nearly halved as it took yet another hit from persistently weak crude prices though record oil and gas production limited the damage. Growth in the second quarter was driven by Australia and Brazil, where volumes in both more than doubled to an average of 80,000 barrels per day in Australia and 143,000 for...