(AP Photo/The San Antonio Express-News, Bob Owen)

Crude stores rise again

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Commercial stores of crude oil grew by 7.7 million barrels to 425.6 million barrels, the highest level recorded in EIA data stretching back to 1982
EOG Resources CEO Bill Thomas at EOG's offices in downtown Houston Thursday Sept. 25, 2014. (Billy Smith II  / Chronicle)

EOG: Delaying completions is “right business decision”

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EOG Resources officials elaborated on their decision to dramatically pare back well completions in 2015, telling investors the move is “the right business decision.”
Marathon Bakken drilling

Marathon to lay off 350 to 400 workers

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As of the end of 2014, Marathon employed about 3,300 internationally.
(AP file photo/Hasan Jamali)

Saudi oil output rising amid fight for market share

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Saudi Arabia, the world’s largest crude exporter, led the Organization of Petroleum Exporting Countries’ decision in November to maintain its output target to preserve market share, rather than cut supply to boost prices.
(AP Photo/Mandel Ngan, Pool)

Obama’s chief economist says oil price drop offsets slowdown overseas

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The annual Economic Report of the President, to be released Thursday, projected 3 percent annual growth this year.
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EOG earnings down 23 percent

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EOG Resources, one of the biggest winners in the shale boom, saw its quarterly profits fall 23.4 percent as it became the latest company to suffer the effects of falling crude oil prices.
Lee Tillman, of Marathon Oil Company, delivers remarks in  the Unconventional Impact Pane during the Offshore Technology Conference at NRG Park on May 5, 2014, in Houston, Tx. (Mayra Beltran/Houston Chronicle)

Marathon cuts 2015 capital spending by another $1 billion

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The cut is the second the company has made since crude prices began falling last summer.
Yellow oil barrels

Commentary: the US crude conundrum

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The current US oil market is in the midst of a slugfest reminiscent of a Rocky fight, as competing influences face off against one another, says Voices poster Matt Smith.. In one corner we have rising US shale oil production, while in the opposing corner we have a precipitously falling rig count.
(Susana Gonzalez/Bloomberg)

Mexico puts some deep-water oil on hold amid crude’s slide

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Petroleos Mexicanos director Emilio Lozoya says deep-water projects that have not already begun will be delayed.
(AP Photo/Hasan Jamali, File)

Oil resumes price fall after hitting high for 2015

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Oil prices are falling again in anticipation of growing U.S. supplies and a global glut.