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 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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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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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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Lower oil prices, while good for the broader U.S. economy, are a threat to what has been a surprising and dramatic surge in oil production in the U.S.
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Posted on November 3, 2014 at 3:11 pm by Bloomberg in
Crude oil,
Gasoline,
Markets,
Natural gas |
Oil tumbled last month after Saudi Arabia, Iraq, Iran and Kuwait cut prices, leading to concern that OPEC members were fighting for market share.
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Posted on October 31, 2014 at 3:12 pm by Bloomberg in
Crude oil,
Markets |
Traders are split on whether Saudi Arabia will deepen the crude price cuts that propelled oil into a bear market this month.
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Posted on October 31, 2014 at 7:23 am by Bloomberg in
Asia,
Markets,
Shale |
South Korea received this month a shipment of Alaskan oil for the first time in at least eight years and may buy more.
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Posted on October 30, 2014 at 3:26 pm by Bloomberg in
Crude oil,
Gasoline,
Markets,
Natural gas |
Oil for December delivery dropped $1.08 to settle at $81.12 a barrel on the New York Mercantile Exchange.
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