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U.S. shale oil’s Achilles heel shows signs of mending

Since the beginning of the U.S. fracking revolution, oil producers have struggled with a vexing problem: after an initial burst, crude output from new shale wells falls much faster than from conventional wells. It also helps explain shale drillers'

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U.S. shale oil’s Achilles heel shows signs of mending

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Turning to frack tech, stricken U.S. oil drillers test new limits

Top U.S. shale producers are pushing fracking technology to new extremes to get more oil out of their wells, as they weather lower-for-longer oil prices. While the impact of the techniques may be scarcely noticeable on current U.S. output with so few wells in operation, it could mean drillers are able to accelerate production more fiercely than ever once prices recover. The hunt for the…

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Turning to frack tech, stricken U.S. oil drillers test new limits

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Hedge funds betting against China eye ‘Soros moment’

By Patrick Graham LONDON (Reuters) – A handful of mainly U.S.-based macro hedge funds have led bets against China's yuan since late last year and the coming weeks should tell how right they are in predicting a devaluation…

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Hedge funds betting against China eye ‘Soros moment’

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Lockheed seals services deal with Leidos, forecasts profit below view

By Andrea Shalal WASHINGTON (Reuters) – Lockheed Martin Corp on Tuesday announced a $5 billion tax-free deal to combine its information systems and government services business with Leidos Holdings Inc , and forecast a lower-than-expected profit in 2016. Lockheed's shares fell as much as 5 percent amid confusion over future prospects for the Pentagon's No. 1 supplier, although the stock recovered after Lockheed officials reassured analysts they still expected rising sales and earnings in coming years. Lockheed was

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Lockheed seals services deal with Leidos, forecasts profit below view

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DuPont doubles down on cost cuts ahead of Dow Chemical merger

(Reuters) – Chemicals and seed producer DuPont's quarterly profit topped analysts' estimates as the company intensifies its cost-cutting efforts ahead of its merger with Dow Chemical Co . DuPont said on Tuesday it was looking to cut its costs in 2016 by $730 million from 2015-levels. The company's previous cost-reduction plan, launched under former CEO

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DuPont doubles down on cost cuts ahead of Dow Chemical merger

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Energy earnings will hint at who survives crude’s rout

By Rodrigo Campos NEW YORK (Reuters) – As crude prices crater, threatening a sizeable number of U.S. oil producers who are predicted to fail under continued global oil doom, the current earnings season will be an important window into who will be standing …

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Energy earnings will hint at who survives crude’s rout