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oil price

dollar falling graph

S&P takes aim at energy companies

The ratings actions are an acknowledgment that $30 oil could shake the foundations of even oil and gas’ largest companies.
Female pedestrians pass a wall mural depicting Ayatollah Ali Khamenei, Iran's supreme leader, left, and Ruhollah Khomeini, founder of the Islamic republic of Iran, on a street in Tehran, Iran, on Saturday, Aug. 22, 2015. Iran plans to raise oil production "at any cost" to defend the country's market share and backs calls for an emergency OPEC meeting to help shore up crude prices. Photographer: Simon Dawson/Bloomberg

IEA: Oil crash could get worse as Iran offsets falling U.S. output

Iran’s biggest competitors won’t likely sit by while the Islamic Republic carves out a piece of Asian and European markets.
A pipeline sign marks  the main U.S. oil pipeline and storage hub at Cushing, Oklahoma. (Bloomberg photo)

Oil prices resume fall after inventories show big build

The total amount of crude in storage grew to 487 million barrels, an at least 80-year seasonal high, according to the EIA.
(SAMAD/AFP/Getty Images)

Slowdown in Chinese manufacturing erases crude’s gains

After a three-day rally, oil prices resumed their fall Tuesday, pulled down by fresh fresh news about economic weakness in China that also dragged down the overall stock market.
Categories: Crude oil
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)

Oil sinks as shale resilient, Iran deal deadline nears

U.S. crude fell sharply Monday amid signs that booming American shale plays aren’t yielding much output to the oil slump and as Iran comes closer to clinching a deal that could put its oil back into international markets.
Oil Boom Shifts The Landscape Of Rural North Dakota

Despite dramatic drop in rigs, Bakken’s sweet spots remain attractive

The Bakken has seen a dramatic decline in horizontal rigs since prices collapsed last year, but the play’s sweet spots remain attractive, especially as oil prices begin to inch upward, a new analysis finds.
(Eric Kayne/Houston Chronicle)

LyondellBasell profits climb 23 percent

LyondellBasell saw first-quarter profits climb 23 percent as it continued to enjoy access to cheap natural gas despite falling crude prices that have dragged down the prices the company fetches for its refined products and chemicals.
Charif Souki, former CEO of Cheniere Energy speaks during an interview. (James Nielsen/Houston Chronicle)

CERAWeek: With ample U.S. gas, LNG export debate is over, Cheniere CEO says

Companies no longer need to follow Cheniere’s business model and invest billions of dollars to wrestle their way into an increasingly crowded market to sell liquefied natural gas overseas, CEO Charif Souki said Wednesday.
A panel of Middle East experts discusses OPEC's role amid the U.S. shale boom at IHS Energy's CERAWeek conference. (Houston Chronicle)

CERAWeek: OPEC’s not dead, just different

OPEC no longer has the same stranglehold over oil markets it once had, but it’s wrong to declare the cartel dead, a panel of Middle East experts and analysts said Tuesday.
ConocoPhillips operations in the Eagle Ford Shale in South Texas.

As costs fall, companies may start completing wells again

Oil companies keeping thousands of barrels of crude off the market by drilling but not completing wells may soon start flooding the market again.