- Reuters via Yahoo! NewsAug 28 06:04 AM
DUBAI/LONDON (Reuters) - A second oil price rout of 2015 has forced Arab OPEC members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to defend market share and curb rivals' output. OPEC delegates, including those from core Gulf OPEC countries, see economic troubles in top energy consumer China as short term and unlikely to have much...
- Marketwired via Yahoo! FinanceAug 28 02:07 PM
US Oil Sands Inc. , a company focused on oil sands exploration and production in Utah, having developed a proprietary technology that addresses both the low oil price commodity markets and the continued ...
- Market Realist via Yahoo! FinanceAug 28 04:56 AM
For the first time in the last two months, September WTI (West Texas Intermediate) crude oil futures contracts broke above the downward price channel.
- The Wall Street JournalAug 28 06:41 AM
For much of the past year, the world’s biggest energy companies suffered through an oil-price rout with one silver lining: Their little-loved refineries were churning out big profits again. Now, that bright spot could be fading, even as oil prices sink.
- TheStreet.comAug 28 09:11 AM
NEW YORK (TheStreet) -- My main job at TheStreet.com, as the " oil guy" here, is to try and explain the workings of the oil market to people who are not well acquainted with it. As a 30-year veteran of the oil markets, I have seen just about everything that they can throw at us. And in the last week, they've thrown quite a bit. One of the first takeaways that I can give you as an oil "expert" is...
- Channel NewsAsiaAug 28 07:19 AM
A second oil price rout of 2015 has forced Arab OPEC members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to defend market share and curb rivals' output.
- Fool.co.uk via Yahoo UK & Ireland FinanceAug 28 03:24 AM
Despite their recent gains, both Premier Oil PLC (LON: PMO) and Tullow Oil plc (LON: TLW) still face a slippery future if the price of oil remains low.
- Sky News via Yahoo Canada NewsAug 27 11:35 PM
The recovery to global equity markets has helped the oil price stage its biggest daily jump since December 2008. Brent crude, the international benchmark, surged by 10% yesterday as it was buoyed by positive economic data coming out of the US. The Brent crude price is currently trading at $48.00 per barrel - up from a recent low of $42.50 on Monday.
- CBC via Yahoo Canada NewsAug 27 02:00 AM
Western Canada's oil price nightmare could have a significant financial impact on provinces with little or no oil wealth, a University of Alberta economics professor says. Such a shift in the country's largest province would create a ripple effect for the remaining have-not provinces, which would become eligible for a greater share of the equalization program, observers say. "Ontario may find ...
- The Wall Street JournalAug 27 02:19 AM
French oil company Total has agreed to sell a gas pipeline and gas terminal in the North Sea to North Sea Midstream Partners for 585 million pounds ($905 million) as it battles against the oil price collapse.