Pudong, the new financial center of Shanghai, China, is seen at night, May 6, 2002. (AP Photo/Eugene Hoshiko).

OPEC: Expect slow Chinese growth next year amid yuan devaluation

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In its monthly oil market report on Tuesday, the 12-member Organization of Petroleum Exporting Countries said China’s economy, the world’s second-largest consumer of oil, is estimated to grow 6.5 percent next year, lower than this year’s 6.9 percent growth.
(Eddie Seal, Bloomberg News)

Report: Eagle Ford production to slip in September

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Oil production from the Eagle Ford Shale in South Texas will dip again in September, according to the latest report from the U.S. Energy Information Administration. Production of crude oil and the light oil condensate is expected to slide by 56,000 barrels daily, to around 1.48 million barrels per day.
(Brian van der Brug/Los Angeles Times/MCT)

Raymond James lowers oil forecast for 2016

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Analysts at Raymond James said that they had cut their U.S. benchmark crude oil forecast to $50 per barrel in 2015 and lowered their 2016 projection by $10 per barrel to an only slightly higher $55 per barrel.
An oil tanker navigates the Houston Ship Channel in Houston, Texas. (Carter Smith/ Bloomberg News file photo)

Kinder Morgan buys more Jones Act tankers in $568 million deal

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The ships are currently under construction and are expected to be delivered sometime after Nov. 2016.
(Daniel Acker/Bloomberg)

Oil speculators move in, but price slide continues

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A persistent global surplus has made the biggest oil companies more pessimistic about a swift price recovery.
(JEFF PACHOUD/AFP/Getty Images)

U.S. pump prices slip to three-month low

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Pump prices declined to the lowest level since an April 24 survey due to lower crude oil prices in combination with high output from refineries.
(Spencer Platt/Getty Images)

Oil to see only slight recovery in 2016, Moody’s says.

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The credit ratings and market analysis group said it had cut its U.S. oil price forecast to $50 per barrel in 2015 and to $52 per barrel in 2016.
Shoreline Cleanup Assessment Technique team members, left, evaluate oil coverage as a hand crew worker scraps areas affected by an oil spill at Refugio State Beach, north of Goleta, Calif., on Wednesday, June 10, 2015.  (AP Photo/Damian Dovarganes)

Justice Department probes Plains pipeline spill

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Plains disclosed the ongoing probes and the possibility of civil and criminal charges tied to the incident in an earnings filing this week.
An oil well owned an operated by Apache Corporation in the Permian Basin are viewed on February 5, 2015 in Garden City, Texas. (Photo by Spencer Platt/Getty Images)

U.S. crude closes at second lowest price of 2015

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The last time crude fell this low was March 17, when it hit $43.36 per barrel, the price since the beginning oil’s slide all the way back in June 2014.
EOG Resources CEO Bill Thomas at EOG's offices in downtown Houston Thursday Sept. 25, 2014. (Billy Smith II  / Chronicle)

EOG Resources CEO: Expect US production declines in 2nd half

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EOG Resources is making higher rates of return on cheap oil in some areas but it isn’t ready to turn on the taps again because it expects oil prices to recover in coming months, CEO Bill Thomas told analysts Friday.