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 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 4:51 pm by Bloomberg in
Markets,
Shale |
Investors spooked by the heavy debt carried by most U.S. producers are flocking to companies that generate so-called free cash flow.
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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 7:15 am by Bloomberg in
Gasoline,
Latin America |
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.
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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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Posted on November 4, 2014 at 7:06 am by Bloomberg in
Crude oil,
Markets |
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.
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Posted on November 4, 2014 at 7:02 am by Bloomberg in
featured,
Hydraulic fracturing,
Shale |
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.
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Posted on November 3, 2014 at 2:04 pm by Rhiannon Meyers in
General |
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.
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