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Recent News Headlines : Lower Oil Prices
NIGERIA'S SENATE PASSES 2018-2020 BUDGET FRAMEWORK, RAISES OIL PRICE ESTIMATE
Nigeria's Senate on Tuesday in the capital, Abuja passed the government's medium-term expenditure framework for 2018-2020, raising its oil price assumption to 47 from 45 per barrel... READ MORE›
HEY OPEC THE WORLDS LARGEST OIL CONSUMER NEEDS A LOT LESS OIL
Hey OPEC, the World's Largest Oil Consumer Needs a Lot Less Oil... READ MORE›
OIL PIERCES TWO-YEAR HIGH AS SAUDI ROUND-UP RATTLES MARKETS
The arrests raise the specter of instability in the kingdom, said John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund, by telephone... READ MORE›
NEW IRAN SANCTIONS COULD SEND OIL PRICES HIGHER
Should OPEC decide not to extend the cuts, oil prices could easily drop into the 30s again, according to Brown... READ MORE›
Trending News Headlines : Lower Oil Prices
GE CREATES $32 BILLION OIL-SERVICES GIANT WITH BAKER HUGHES DEAL
GE will contribute 7.4 billion to fund a special dividend of 17.50 a share to Baker Hughes stockholders... READ MORE›
SAUDI ARABIA HIKES PETROL PRICES BY 40% AT THE PUMP
Saudi Arabia hikes petrol prices by 40 percent at the pump... READ MORE›
SAUDI ARABIA HAS PULLED OUT OF PLANNED SUPPLY TALKS WITH RUSSIA, SOURCES SAY
Saudi Arabia wants an OPEC deal in place before conversations with other producers such as Russia, one delegate said... READ MORE›
The only major United States antagonist not hurt by the drop in oil prices is North Korea, which imports all of its petroleum... READ MORE›
OIL PRICES TAKE ANOTHER DIVE -- CAN THE OILPATCH TAKE IT?
- Shane Hooker, Sanjel Energy Services But Sanjel is back, albeit in much smaller form... READ MORE›
WATCH OUT OPEC THE AMERICANS ARE COMING
Low-cost production has grown in the Permian Basin, while output has declined in the Bakken and Eagle Ford regions... READ MORE›
THE WORLD'S BIGGEST OIL KINGDOM REVERSES COURSE
In an effort to get prices off the mat, Saudi Arabia looks to pull back on the amount of crude it pumps... READ MORE›
IN AMERICA'S LARGEST OILFIELD, WHIR OF ACTIVITY CONFOUNDS OPEC
I'm really proud American production is offsetting those OPEC cuts, said Lilis Chief Executive Avi Mirman... READ MORE›
INSIDE OPEC ROOM, NAIMI DECLARES PRICE WAR ON U.S. SHALE OIL
Saudi Arabia's Oil Minister Ali al-Naimi talks to journalists before a meeting of OPEC oil ministers at OPEC's headquarters in Vienna November 27, 2014... READ MORE›
OIL SURGES 6% ON OPEC AGREEMENT, BUT ANALYSTS SKEPTICAL OF SUSTAINED RALLY
Oil surges 6 percent on OPEC agreement, but analysts skeptical of sustained rally... READ MORE›
AS OPEC ACTS ON NEW YEAR'S RESOLUTION, U.S. SHALE PUMPS AWAY
U.S. shale is getting in the way of a New Year's resolution by OPEC to cut production and boost the market... READ MORE›
HALLIBURTON AND BAKER HUGHES SCRAP $28 BILLION MERGER
2 oilfield services provider, is scrapping a 28 billion merger with smaller rival Baker Hughes BHI.N, Halliburton said on Sunday... READ MORE›
RUSSIA & SAUDI ARABIA AGREE TO STABILIZE OIL MARKET - MINISTER
And OPEC, specifically the Gulf countries, Saudi Arabian Energy Minister Khalid al-Falih said at a press conference quoted by Reuters... READ MORE›
'IF RUSSIA & SAUDI ARABIA LEAD, REST WILL FOLLOW'
'If Russia Saudi Arabia lead, rest will follow' Saudi energy minister on historic oil deal... READ MORE›
BEAR MARKET FOR OIL CAUSED BY 'FAKE NEWS,' SAYS RAYMOND JAMES
Those concerns have been overblown, the Raymond James analysts argued, saying trends pertaining to U.S. inventories, production and gasoline demand have been misinterpreted... READ MORE›
'LOWER FOR LONGER:' OIL PRICES CRATER TO 2003 LEVELS
His expected range for oil prices was 32 a barrel to 55... READ MORE›
AS OIL PRICES TANK, NEW ERA OF ABUNDANCE SEEN DAWNING
As oil prices tank new era of abundance seen dawning... READ MORE›
OPEC LEAVES MARKET GUESSING ON EXIT STRATEGY AFTER OIL PACT
Will the lucrative yet delicate relationship between Saudi Arabia and Russia survive the life of the agreement?... READ MORE›
OPEC KEEPS FOCUS ON SHALE THREAT AS OFFICIALS MEET IN VIENNA
OPEC is widely expected to prolong its supply curbs, and all producers are backing a nine-month extension, Saudi Arabia Oil Minister Khalid Al-Falih said Saturday... READ MORE›
OPEC MEETING ENDS WITHOUT DEAL ON OIL PRODUCTION FREEZE
Despite tanking prices and a glut in global supplies, OPEC members had previously increased production levels as disagreement grew about which strategy to take... READ MORE›
BAKER HUGHES SAYS IN PRELIMINARY MERGER TALKS WITH RIVAL HALLIBURTON
Baker Hughes said in a statement it has engaged in preliminary discussions with Halliburton Company regarding a potential business combination transaction... READ MORE›
SAUDI CALLS OPEC MEMBERS TO STICK TO LIMITS SEES OIL DEMAND UP
OPEC has agreed with several non-OPEC producers led by Russia to cut oil output by a combined 1.8 million bpd from January 2017 until the end of March... READ MORE›
OPEC ANNOUNCES NEW OUTPUT CEILING OF 32.5 MLN BARRELS PER DAY
According to data offered by OPEC, the largest oil producer, Saudi Arabia took the biggest part of the reduction, 486,000 barrels per day... READ MORE›
RUSSIA'S LATEST OPEC MOVE RIGHT OUT OF IRAN'S PLAYBOOK
Strategic Plans Russia's energy minister said long-term forecasts have little bearing on the negotiations with OPEC... READ MORE›
MIDDLE EAST STOCK MARKETS CRASH AS IRAN ENTERS OIL WAR
Saudi Arabia's stock market crashed yesterday as nuclear sanctions on Iran were lifted, clearing the path for an all-out oil war between the Middle Eastern rivals... READ MORE›
HOW THE CRASH IN OIL PRICES DEVASTATED ANGOLA AND VENEZUELA
Josh Partlow When I ask that question to people who follow Venezuela closely, most tip the scale towards poor governance... READ MORE›
DESPITE WEAK OIL PRICES OPEC STILL POCKETS MORE DOLLARS
He estimated OPEC revenues rose about 8 percent in the first half of 2017, following its move at the end of 2016 to cut overall output by about 4 percent... READ MORE›
OIL MARKET SHAKEN BY IRAN'S PLAN TO BOOST OUTPUT
Roknoddin Javadi, deputy oil minister, said Iran was determined to retake its market share, which collapsed after the sanctions were imposed in 2012... READ MORE›
OPEC RUSSIA EXPAND DIPLOMATIC PUSH TO SECURE OIL-CUTS DEAL
The energy minister of Saudi Arabia, which is not a member of the group, will join the talks, said an OPEC delegate... READ MORE›
BAKER HUGHES TO BUY BACK STOCK, DEBT AFTER HALLIBURTON DEAL FAILS
The company's shares have fallen 25 percent since Halliburton first agreed to buy Baker Hughes in November 2014... READ MORE›