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.. bizjournals
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 -
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 -
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 -
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.. Firstpost
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
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.. Firstpost
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
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.. SeattlePI.com
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
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
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
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,.. Firstpost
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.. OilPrice.com
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.. SeattlePI.com
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