Tag: crude oil

OPEC’s weak links feeling pain

While the Saudi Arabia is as flush with cash as ever, the finances of some fellow OPEC members are deteriorating quickly.  More »

Plains All American profits up 40 percent

Plains All American said its third-quarter profit shot up 40 percent, but the company was cautious in setting its 2015 goals  More »

Enron castaway shrugs off low price to become ‘Apple of Oil’

Investors spooked by the heavy debt carried by most U.S. producers are flocking to companies that generate so-called free cash flow.  More »

Oil rises after inventory report

Oil for December delivery rose $1.49 to settle at $78.68 a barrel on the New York Mercantile Exchange.  More »

Petrobras said to win support to raise gasoline prices

Petrobras, which booked $44 billion in operating losses from selling fuel at below-market prices during President Dilma Rousseff’s first term, is set to raise its subsidized refinery gate prices even after crude’s 25 percent plunge this year brought them more into line with international benchmarks.  More »

Saudis recall 1998 showdown in taking on U.S. shale rivals

To win the showdown, the Saudis are trying to bring OPEC’s weaker members in line before the Nov. 27 meeting of the organization.  More »

OPEC oil basket price falls below $80 to least in 4 years

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.  More »

BHP Billiton to export condensate overseas

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.  More »

EOG profit doubles on low-cost wells even as oil price falls

CEO William Thomas boosted EOG’s growth target for oil even in the face of a market slump  More »

Oil prices hit 3-year lows after Saudi discount

The market was shaken by news that Saudi Arabia was cutting prices for the U.S. to compete with the surge in oil production there.  More »

Halliburton CEO expects shale to reverse oil price slump

Halliburton CEO Dave Lesar is joining the chorus of oil executives who say they aren’t worried about falling oil prices, and expect them to climb next year.  More »

Moody’s: Refineries face flat demand, new competition

Shale oil will continue to give U.S. refineries a cost advantage over their European peers, but a few big refinery expansions in Saudi Arabia could steal market share.  More »
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