Posted on November 6, 2014 at 10:58 am by Laura Goldberg in
Crude oil,
Finance/Earnings,
General |
Apache Corp. reiterated plans to double down on its positions in prolific U.S. shale plays even as crude prices continued to fall and the company’s profits slipped from last year.
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Posted on November 6, 2014 at 10:02 am by Robert Grattan in
Crude oil,
Deals,
featured,
General,
Pipelines |
The pipeline is a major artery for the basin with a capacity of 300,000 barrels per day of crude.
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Posted on November 6, 2014 at 7:19 am by Bloomberg in
Crude oil,
Latin America,
Middle East |
While the Saudi Arabia is as flush with cash as ever, the finances of some fellow OPEC members are deteriorating quickly.
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Posted on November 6, 2014 at 7:11 am by Bloomberg in
Africa,
Crude oil,
Middle East |
Sharara was shut as a precaution after gunmen stormed the on-site production compound.
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Posted on November 5, 2014 at 5:21 pm by Robert Grattan in
Crude oil,
Pipelines |
Plains All American said its third-quarter profit shot up 40 percent, but the company was cautious in setting its 2015 goals
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Posted on November 5, 2014 at 3:35 pm by Bloomberg in
Crude oil,
Gasoline,
Markets,
Natural gas |
Oil for December delivery rose $1.49 to settle at $78.68 a barrel on the New York Mercantile Exchange.
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Posted on November 5, 2014 at 2:01 pm by Bloomberg in
Crude oil,
Legal issues |
Fraudulent payments related to subsidized fuel imports are estimated to cost the continent’s biggest economy as much as $7 billion a year.
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Posted on November 5, 2014 at 6:55 am by Bloomberg in
Crude oil,
Markets |
To win the showdown, the Saudis are trying to bring OPEC’s weaker members in line before the Nov. 27 meeting of the organization.
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Posted on November 5, 2014 at 6:50 am by Bloomberg in
Crude oil,
Markets |
U.S. oil production rose to the highest in at least 31 years amid slowing global demand, helping drive crude into a bear market last month.
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BHP Billiton is preparing to export a processed, ultra-light oil overseas without the government’s explicit authorization — a move likely to be mimicked by other energy companies eager to sell crude to foreign buyers.
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Posted on November 4, 2014 at 5:29 pm by Bloomberg in
Crude oil,
Finance/Earnings |
CEO William Thomas boosted EOG’s growth target for oil even in the face of a market slump
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West Texas Intermediate touched $75.84 a barrel, the lowest intraday price since Oct. 4, 2011 as Saudi Arabia price cuts deepened a selloff in crude.
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