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OPEC deal sends oil spiking 14% in 3 days

Crude oil prices have soared to 17-month highs following OPEC's decision to cut production for the first time since 2008.

Eagle Ford rig count inches forward while Permian Basin hums

The number of active drilling sites in the Eagle Ford Shale inched forward while the Permian Basin of West Texas continues to hum. Figures from the Baker Hughes Rig Count released on Friday afternoon..

Videos for "Oil Prices"

News video: Turkey: outlook, fuel prices drive lira to new low

Turkey: outlook, fuel prices drive lira to new low 01:24

Renewed pressure on the Turkish lira forces it to a record low against the dollar as an uncertain political and economic outlook combines with concerns over the impact of rising oil prices to weigh on..
Source: Business Video Online -

News video: Oil Price Risk and Reward for the U.S. Economy

Oil Price Risk and Reward for the U.S. Economy 02:38

Dec.02 -- Torsten Slok, chief international economist at Deutsche Bank, examines the run up in oil prices related to OPEC's agreement to cut production and the impact of price changes on the U.S...
Source: Bloomberg Global Business -

News video: OPEC Deal on Housing Market

OPEC Deal on Housing Market

Tyler Woessner
Source: KMID -

News video: US Consumers Should Feel Muted Impact From Rising Oil Price

US Consumers Should Feel Muted Impact From Rising Oil Price 00:39

OPEC's decision to cut production immediately boost oil prices, but the bump will not likely impact US consumers. The international cartel agreed to cut output by 1.2 million barrels a day. If the..
Source: Wochit Headline News -

News video: Ag & Energy 12/1

Ag & Energy 12/1

Ag & Energy 12/1
Source: KARD -


Oil rallies to best week in years after OPEC output deal | Reuters

By Devika Krishna Kumar | NEW YORK NEW YORK Oil prices rallied for their best week in at least five years on Friday, steadying above $51 a barrel, following OPEC's decision to cut crude output to rein..

Brent notches biggest weekly gain since 2009

​Oil prices rallied for their best week in at least five years on Friday, steadying above $US51 a barrel.
Brisbane Times Also reported by •Sydney Morning HeraldThe Age

Fitch Affirms Seacor Holdings Inc. at 'B'; Outlook Revised to Negative

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of Seacor Holdings Inc. (SEACOR) at 'B', and revised the Rating Outlook to Negative from Stable. The..
Business Wire

Oil edges up after big OPEC-driven weekly rally | Reuters

By Devika Krishna Kumar | NEW YORK NEW YORK Oil prices edged higher on Friday above $51 a barrel with Brent crude on track for its biggest weekly rally since 2009 following OPEC's decision to cut crude..

BP moves ahead with Mad Dog project off Louisiana coast

BP said the project would be profitable even at or below current oil prices.

OPEC Deal Could Trigger Drilling Boom In U.S. Shale

opec deal could trigger drilling boom in u.s. shale
Submitted by Nick Cunningham via OilPrice.com, If anyone is cheering the news of an OPEC deal* it is U.S. shale producers.* The OPEC agreement sent oil prices shooting up this week, with WTI and..
Zero Hedge

BP to push ahead with big oil project in the Gulf of Mexico

The UK-based oil giant announced it would continue with the second phase of its Mad Dog project off the Louisiana coast just a day after OPEC ministers agreed to cut production, a move that sparked a..

Here's Why These Independent Refining Stocks Saw Huge Jumps in November

The stocks of many oil and gas companies have risen from higher oil prices, but that should actually hurt refiners. So it has to be something else.
Motley Fool

US Oil Rig Count Rises To 10-Month Highs

us oil rig count rises to 10-month highs
From the 316 rig trough in May, American oil drillers have added 161 to 477 - the* highest since January 2016. *The rising rig count continues to track lagged oil prices higher and *US crude production..
Zero Hedge

Trump May Tap Overpaid Oil CEOs for Top Diplomat

Reuters is reporting that Donald Trump is considering ExxonMobil CEO Rex Tillerson and former ExxonMobil CEO Lee Raymond for the post of Secretary of State. As someone who's been analyzing CEO pay..
Huffington Post

Here comes the Baker Hughes rig count ...

here comes the baker hughes rig count ...
At 1 p.m. ET, oil-driller Baker Hughes will release its weekly tally of the oil and gas rigs actively operating in the US. Over the last two years, the focus has been on the massive plunge in the..
Business Insider

Ahead of promised cut, Russia’s oil output hits record high | Reuters

By Katya Golubkova | MOSCOW MOSCOW Russia plans to use its November oil production, which was its highest in almost 30 years, as its baseline when it cuts output under this week's deal with OPEC,..

U.S. Shale Patch Welcomes OPEC Deal – But Needs $60 Oil

Although OPEC’s decision to take 1.2 million bpd off the market as of January is undoubtedly good news for the U.S. shale patch, companies would likely wait to see if oil prices would materially..

Stocks start higher as big dividend payers jump

Technology companies are recovering from a steep loss a day ago. Banks are slipping after a huge rally following the presidential election last month, and the Dow Jones industrial average is slightly..

Oil prices' and bank stocks' rally fades

U.S. stocks are mixed as a rally in oil prices and bank stocks fades. Before trading opened Friday, the government reported that U.S. employers added 178,000 jobs in November, about what investors..
L.A. Times

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