oil-producers

Oil prices rise on expected drop in U.S. oil inventories

By Karolin Schaps LONDON (Reuters) – Oil edged higher on Wednesday on expectations that U.S. crude oil inventories are falling and on signs that oil producers are willing to stick to agreed output cuts that came into effect this week. Global benchmark Brent crude futures were up 49 cents at $55.96 a barrel by 0924 GMT (4:24 a.m. ET). U.S. West Texas Intermediate (WTI) crude futures were trading at $52.82 per barrel, up 49 cents from the last settlement.

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Oil prices rise on expected drop in U.S. oil inventories

oil-producers

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

oil-producers

As Big Oil shrinks, boards plot different paths out of crisis

By Ron Bousso and Terry Wade LONDON/HOUSTON (Reuters) – As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis. Crude prices have tumbled around 70 percent over the past 18 months to around $35 a barrel, leading to five of the world's top …

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As Big Oil shrinks, boards plot different paths out of crisis

oil-producers

Saudi, Venezuela talk of OPEC, non-OPEC cooperation to stabilize oil market: SPA

Saudi Arabia's oil minister Ali al-Naimi discussed cooperation between OPEC members and other oil producers to stabilize the global oil market with his Venezuelan counterpart on Sunday, state news agency SPA reported. Venezuela's Oil Minister Eulogio Del Pino, who is on a tour of oil producers to lobby

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Saudi, Venezuela talk of OPEC, non-OPEC cooperation to stabilize oil market: SPA

oil-producers

Prolonged oil slump sparks second wave of cuts to 2016 budgets

Less than two months into the year, the top U.S. shale oil companies have already cut their budget for 2016 a second time as the relentless drop in oil prices continues to erode their cash flow. With oil prices firmly

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Prolonged oil slump sparks second wave of cuts to 2016 budgets

oil-producers

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