Archive for December, 2014

Non-OPEC Producers Called on to Cut Oil Output After Rout

Oil producers outside of OPEC should cut their “irresponsible” output with excess supplies harming the market, the United Arab Emirates energy minister said. The oil market is oversupplied by 2 million barrels a day, Mohammed Al Sada, Qatar’s energy minister, said…

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The Pricing Challenge Posed by Oil’s Decline

Howard Kauffmann, then president of Exxon, was speaking in 1982, as the price of crude declined from its post-oil-shock high, but his comments may as well apply today, with prices weak and pundits who warned of ‘peak oil’ a year or two ago fretting instead about ‘peak demand’. Oil majors are price takers: the level […]

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Natural Gas Outlook

HOUSTON–For most of the 150 years of U.S. oil and gas production, natural gas has played second fiddle to oil. That appeared to change in the mid-2000s, when natural gas became the star of the shale revolution, and eight of every 10 rigs were chasing gas targets. But natural gas turned out to be a […]

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Saudi Arabia Says Won’t Cut Oil Output

(Reuters) – Saudi Arabia said on Sunday it would not cut output to prop up oil markets even if non-OPEC nations did so, in one of the toughest signals yet that the world’s top petroleum exporter plans to ride out the market’s biggest slump in years. Referring to countries outside of the Organization of the Petroleum Exporting Countries (OPEC), Saudi […]

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Oil Plunge Sets Stage for Energy Defaults

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Oil companies: Price Uncertainty Means Cautious Approach To ’15

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Eight Countries that Win and Lose Big from Oil Plunge

Oil prices traded near a five-year low Tuesday, as global supply continued to outstrip demand. Since the start of the year, prices have…

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Eagle Ford Shale Output Slips For First Time In A Year

(Reuters) – Oil output from the Eagle Ford shale deposit in Texas dipped in November for the first time in just over a year, while production from North Dakota’s Bakken also ebbed, data from LCI Energy Insight showed on Monday. While the declines were small, and may prove short-lived, the easing output could prove to […]

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Oil’s Price Decline Weighs On High Yield Debt

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Who Will Survive The Fall In Oil?

America’s shale oil boom has been the darling of investment circles in recent years. People were throwing cash at these companies, hoping to get a piece of the rapid growth.

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