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US Shale Drillers Are The Real Winners Of The OPEC Output Deal

US Shale Drillers Are The Real Winners Of The OPEC Output Deal

The real winners of the OPEC output deal: US shale drillers

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OPEC Splits Freezes Deal With Producer To Boost Supply

OPEC Splits Freezes Deal With Producer To Boost Supply

Oil prices extended declines on Monday after non-OPEC producers made no specific commitment to join OPEC in limiting oil output levels to prop up prices, suggesting they wanted the oil producing group to solve its differences first.

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Brent Improves After Russia Announces Output Deal

The Russian president expressed his support to OPEC. He announced that Russia is ready to join it. OPEC urged other non-members to give their commitments.

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US Stocks & Sectors Rise, Energy & Apple Moves Higher

US Stocks & Sectors Rise, Energy & Apple Moves Higher

U.S. stocks rise its gain. It leap up so high and while other stocks plungeto the lowest blow. Apple takes over Samsung, as it suffers from production for the replacement of the recalled unit. Other firms are enjoying its net as it rise up to a certain degree.

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Views Of China Petroleum & Chemical Corp. (Sinopec) And PetroChina Co. Gas Stations As China To Ease Market Barriers For Oil

PetroChina Reported $162 Billion Liability As Oil Price Continues to Plunge

China's oil giant reported a 67% drop in profit. PetroChina reported its worst profit in 15 years which brought liability to $162 billion.

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Russian Oil Drilling Platform As Specter Of $20 Oil Recedes

Russian Output Reached 30-Year High Ahead of Meeting with Oil Producing Countries

Russia produced 10.91 million barrels per day in March. This recorded as the highest in 30 years and raising the doubt on the production freeze.

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BRICS/SCO Summits - Russia 2015

Russia's oil giant Rosneft promises to make investments amid weak oil prices

Rosneft, the Russia-based oil firm, has promised to make investments of roughly EUR 13 billion annually through 2018, which is an increase of 30% for the year 2016.

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Traders On Chicago Mercantile Exchange React To Global Market Slide

Energy stocks hurt by oil price slump

Wall Street faced slight losses in the stock market on Monday as the drop in oil price burdened energy stocks. Investors are shying away from these energy stocks owing to the fall in crude prices.

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OPEC Ministers Attend Conference In Iran

Oil prices retreat as Iran refuses to freeze output

Oil prices might have propelled above $40 a barrel level in the past week as Iran was expected to join other producers to freeze its oil output. However, Iran wants to help its ailing economy, regardless of the oversupply.

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No Bust Seen As Dakota Oil Firms Keep Staff Amid Price Drop

US oil, natural gas drilling dropped lowest since 1940

The US drilling activity for oil and natural gas declined to record low since 1940 in the wake of weaker oil prices in the global markets. Oil firms are also reducing their spending budgets this year owing to adverse conditions in the markets

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Exxon Plans To Get Out Of Retail Gas Station Business

Imperial Oil to sell Esso brand gas stations to Canadian distributors

Imperial Oil has entered into an agreement to sell its 497 Esso retail fuel stations for about C$2.8 billion. This transaction reflects the company's aim to widen its refining and oil sands businesses.

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IMF Director Christine Lagarde Holds Meeting In Nigeria

Nigerian investment inflow falls by N2.3tn over the past three years

Nigerian investment flow in the previous three years has declined as a result of economic slowdown in the country. Investors lost their confidence in Nigerian economy citing global oil slump.

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Gas Prices Continue To Drop

Marathon Oil plans to sell shares through public offering

Marathon Oil announced its intention to sell 135 million of common shares through a public offering. The ongoing slump in the global oil industry has led many oil firms to undertake the cost-cutting strategy to keep hold of their cash level.

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PepsiCo And NBA Announce Landmark Marketing Partnership

Global economic slowdown weakens economic recovery in the US: Indra Nooyi

According to Indra Nooyi, the ongoing global economic slowdown threatens economic recovery in the US. The oil market combined with political turmoil creates an economic pressure in the nation.

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Oil Platforms In The Cromarty Firth

Premier Oil's Loss Deepens in 2015 as Global Oil Industry Falls

Premier Oil posted a widened loss in the year 2015 amid lower oil price. The firm also urged the government to promote infrastructure policies in the North Sea to lure investment.

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