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UPDATE 1-Brazil's Rousseff stands by Petrobras CEO, says pessimism overblown
Reuters Africa - 9 Hours ago
(Adds Rousseff comments on scandal, planned economic measures) By Jeferson Ribeiro BRASILIA Dec 22 (Reuters) - Brazil's President Dilma Rousseff said on Monday she has no plans to replace
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Whiting's proven oil-equivalent reserves up about a third in 2014
Reuters Africa - 9 Hours ago
Dec 22 (Reuters) - Whiting Petroleum Corp said on Monday its proven reserves of oil equivalent have jumped nearly a third over the past year, thanks largely to its buyout earlier this month of rival Kodiak
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Natural Gas Futures Tumble With Polar Vortex Nowhere in Sight
La Repubblica - 9 Hours ago
(Bloomberg) -- Natural gas futures tumbled to a 16-month low in New York as mild weather and record production left inventories above year-earlier levels for the first time since 2012. Futures slumped
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Petrobras CEO Gets Rousseff Backing on Resignation Calls
BusinessWeek - 9 Hours ago
Brazil President Dilma Rousseff rejected calls to oust Petroleo Brasileiro SA (PETR4) Chief Executive Officer Maria das Gracas Foster, saying she’s an "ethical person" who has the credibility to continue
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Canadians See Cheap Oil Hurting Economy as Confidence Declines
La Repubblica - 9 Hours ago
(Bloomberg) -- Canadian consumers concerned the immediate benefits of cheaper gasoline aren’t worth the cost to the wider economy pushed a sentiment gauge to a 10-month low. The Bloomberg Nanos Canadian
Canada Consumer Confidence Drops as Cheap Oil No Panacea BusinessWeek
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UPDATE 1-Brazil's Rousseff stands by Petrobras CEO, says pessimism overblown
Reuters India - 9 Hours ago
8:56pm IST (Adds Rousseff comments on scandal, planned economic measures) By Jeferson Ribeiro BRASILIA Dec 22 (Reuters) - Brazil's President Dilma Rousseff said on Monday she has no plans to
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Oil price drop 'irrelevant': Naimi
CNBC - 9 Hours ago
Saudi Arabia convinced its fellow OPEC members that it is not in the group's interest to cut oil output however far prices may fall, the kingdom's oil minister Ali al-Naimi said in an interview with the
Who cares if oil drops to $20? Not minister Naimi CNBC
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Libya not producing enough oil for own needs, NOC says
CNBC - 9 Hours ago
TRIPOLI, Dec 22 (Reuters) - Libya's oil output cannot even cover its own needs, the National Oil Corp (NOC) said on Monday, as the country struggles with fighting and protests that have hampered production
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How long can we expect low oil prices?
Christian Science Monitor - 9 Hours ago
Oil is seen recovering in the second half of 2015 as non-OPEC production responds to lower prices, while demand picks up in the course of the year, the poll showed. A worker walks in between oil barrels
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FirstEnergy Projects Support West Virginia Shale Gas Boom
BusinessWeek - 9 Hours ago
FAIRMONT, W.Va., Dec. 22, 2014 /PRNewswire/ -- FirstEnergy Corp The new facilities include high-voltage substations and transmission lines to accommodate expanding natural gas processing facilities
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Crude Extends Fourth Weekly Decline Amid Supply Glut
BusinessWeek - 9 Hours ago
Crude oil fell, extending a fourth weekly decline on concern OPEC’s refusal to cut production will worsen a global glut. Saudi Oil Minister Ali Al-Naimi said OPEC’s biggest producer will seek to maintain
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Electric Cars Hurt Most Among Renewables on Oil’s Slump
BusinessWeek - 9 Hours ago
Electric cars are likely to be hurt the most by lower oil prices within the renewable energy industry, according to a report that predicts a limited impact on wind-and solar-power companies. The 45
Electric Cars Hurt Most in Renewables Industry From Oil’s Slump Bloomberg New Energy Finance
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Saudis to Non-OPEC Producers: Cut Your Own Output, We're Good
BusinessWeek - 9 Hours ago
Saudi Arabia and the United Arab Emirates reiterated pledges to keep pumping the same amount of crude, blaming non-OPEC producers for the glut of oil that’s driven prices to the lowest in five years.
Non-OPEC Members Must Cut 'Irresponsible Production' of Oil, Saudis and UAE Say Yahoo! Finance
Non-OPEC Producers Must Cut Oil Output, Take Responsibility for Price Drop, Saudis, Yahoo! Finance
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Iran delivers 22% more gas to power plants [Trend News Agency, Baku, Azerbaijan]
BusinessWeek - 9 Hours ago
Dec. 22--TEHRAN, Iran. -- Iran's gas delivery to power plants increased by 22 percent in the current Iranian calendar year (started on March 21), compared to the same period previous year. Deputy Director
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Iran's daily gas consumption hits 570 mcm [Trend News Agency, Baku, Azerbaijan]
BusinessWeek - 9 Hours ago
Dec. 22--Over 569 million cubic meters of gas was consumed in Iran on Dec. 21, the Spokesman of National Iranian Gas Company (NIGC) Majid Boujarzadeh said. Boujarzadeh said that daily gas consumption
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KZT devaluation leads to postponement of many oil, gas projects in Kazakhstan [Trend
BusinessWeek - 9 Hours ago
Dec. 22--ASTANA, Kazakhstan -- Drilling operations within the framework of many projects in the Kazakh part of the Caspian shelf were postponed for 2015 in connection with the devaluation of the KZT,
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Development of residual oil reserves on land of Azerbaijan has great prospects [Trend
BusinessWeek - 9 Hours ago
Dec. 22--The development of residual oil on the onshore fields of Azerbaijan in the current conditions has great prospects, but requires additional investment, the head of an authorized office of the
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MIDEAST STOCKS-Markets rise on oil, Saudi budget hopes but uptrend slows
Reuters Africa - 9 Hours ago
* Brent oil back above $62 a barrel aids sentiment * Large Saudi 2015 budget expected to be announced this week * Shares in Dubai Financial Market rocket 10.1 pct * Qatar's Gulf International
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MIDEAST STOCKS-Markets rise on oil, Saudi budget hopes but uptrend slows
Reuters - 9 Hours ago
* Brent oil back above $62 a barrel aids sentiment * Large Saudi 2015 budget expected to be announced this week * Shares in Dubai Financial Market rocket 10.1 pct * Qatar's Gulf International Services
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Rosneft's Takeover Of Morgan Stanley's Trading Arm Fails; As Sanctions Were Always
Forbes.com - 9 Hours ago
We’ve the news that Morgan Stanley's sale of its oil trading and storage business to Rosneft has just fallen through. Given that Morgan Stanley has to get out of this business as a result of domestic
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The Zacks Analyst Blog Highlights: Exxon Mobil, Chevron, Devon Energy, Valero Energy
Reuters - 10 Hours ago
PR Newswire CHICAGO, Dec. 22, 2014 CHICAGO , Dec. 22, 2014 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss
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Stocks mostly rise at the start, housing report ahead
CNBC - 10 Hours ago
Coming Up This Week: Monday 10:00 a.m. Eastern: existing-home sales 100 p.m.: $27 billion 2-year note auction Tuesday 8:30 a.m.: durable goods 8:30 a.m.: real gross domestic product,
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Energy in 2015: Cheap oil changes everything [Recharge]
Christian Science Monitor - 10 Hours ago
What does global energy look like after the oil crash? Recharge takes a peak at the future of oil, renewables, and nuclear power. The word "oil" is pictured on an oil bank at a recycling yard in London
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UPDATE 8-Oil falls towards $60 on Saudi supply comments
Reuters Africa - 10 Hours ago
* Saudi's Naimi says kingdom could increase output - report * Technical support seen as low as $40, resistance around $70 (Updates prices, adds latest Saudi comment on output) By Simon Falush
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COLUMN-Oil prices and Saudi diplomacy: Kemp
Reuters Africa - 10 Hours ago
(John Kemp is a Reuters market analyst. The views expressed are his own) By John Kemp LONDON Dec 22 (Reuters) - Saudi Arabia sets oil market policy purely on an economic basis, no less and
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