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OPEC challenges shale afresh as Iraq crude floods Gulf of Mexico

NAOMI CHRISTIE HOUSTON (Bloomberg) -- OPECs latest challenge to U.S. shale oil producers would be about two miles long, lined end to end, and weigh almost 3 million metric tons. Its due to reach American ports this month. Iraq, the fastest-......【More】

2015-11-12

Veteran diplomat confirms consensus view at IPAA on Saudi, oil prices

NEW ORLEANS -- As director of Rice Universitys Baker Institute for Public Policy, and a veteran diplomat who served in eight U.S. administrations, Edward Djerejian has a long track record of watching, analyzing and dealing with dozens of fo......【More】

2015-11-11

Marathon Oil sells majority of Gulf of Mexico assets for $205 million

HOUSTON -- Marathon Oil Corp. has signed an agreement for the sale of its operated producing properties in the greater Ewing Bank area and non-operated producing interests in Petronius and Neptune fields in the Gulf of Mexico for $205 milli......【More】

2015-11-10

Current oil price to soon spur demand growth: Saudi oil minister

DUBAI (Bloomberg) -- Oil demand will soon reflect the attractiveness of the current level of crude prices, and Asia will be a vital engine of economic expansion for decades, Saudi Oil Minister Ali al-Naimi said. OPECs chief joined him in se......【More】

2015-11-09

U.S. oil, gas exports key to more stable global energy markets: ACCF

WASHINGTON, D.C. -- The free trade of Americas abundant energy resources would provide an invaluable opportunity for the U.S. to help strengthen and stabilize global energy markets, especially if China is engaged as a partner, according to......【More】

2015-11-06

Mexico casts wider net for oil buyers as U.S. interest wanes

MEXICO CITY (Bloomberg) -- Mexico isnt breaking up with U.S. oil refiners, but it sure seems like it wants to see other people. Mexico reduced its crude exports to the U.S. in September to the lowest level in more than 25 years as it looks......【More】

2015-11-05

U.A.E. sees crude gaining in 2016 on stronger demand, less shale

MAHMOUD HABBOUSH ABU DHABI (Bloomberg) -- Improving economies in Europe and elsewhere together with a continued decline in output of shale oil point to a recovery in demand for crude and an increase in prices next year, according to United......【More】

2015-11-04

Russian crude output hits post-Soviet record defying price slump

STEPHEN BIERMAN MOSCOW (Bloomberg) -- Russian oil production broke a post-Soviet record in October for the fourth time this year as earlier investments boosted output and producers prove resilient to lower crude prices. Production of crude......【More】

2015-11-03

Want to see who’s happy about low oil prices? Look at refiners

HOUSTON (Bloomberg) -- While oil drillers cut spending to the bone, U.S. refiners are reaping a windfall from low oil prices. Tesoro Corp. reported record profit in the third quarter, while Valero Energy, Phillips 66 and Marathon Petroleum......【More】

2015-11-02

‘Too low’ crude prices seen rising to $80 in 2018 by Statoil

SERENE CHEONG SINGAPORE (Bloomberg) -- Crude prices that have almost halved in the past year are unsustainable at current levels as cuts to investments and postponement of projects will lead to a decline in supply growth, according to Norwa......【More】

2015-10-30