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Hoping for a Price Surge, Oil Companies Keep Wells in Reserve
2015-12-25 22:03:00| Climate Ark Climate Change & Global Warming Newsfeed
New York Times: The price of oil keeps dropping. But that didnt stop a work crew from drilling a well recently on what was once a cornfield, carefully guiding the last sections of 13,000 feet of pipe spiraling into the hard Niobrara shale with a diamond-tipped bit. Their well, one of hundreds drilled by Anadarko Petroleum in eastern Colorados Wattenberg field this year, could someday gush as many as 800 barrels of crude oil a day. But Anadarko is not planning to produce a drop of crude from the well for at...
Oil price hits lowest level since 2004
2015-12-21 13:16:59| BBC News | Business | UK Edition
The price of Brent crude oil has fallen to levels not seen since 2004, surpassing the lows seen during the recession of 2008.
US stocks fall amid oil price drop
2015-12-11 22:44:44| Chemicals - Topix.net
Bearish sentiment is persisting in the US, with the Standard & Poor's 500 Index on pace for its biggest drop in more than two months, amid a deepening retreat in commodities, and as investors prepare for next week's Federal Reserve interest rate decision. Equities extended a weekly decline as crude dropped to the lowest level since 2008 in London on expectations for a continuing supply glut.
Oil price hits new seven-year low
2015-12-11 13:26:02| BBC News | Business | UK Edition
The price of Brent crude falls to a new seven-year low after the International Energy Agency's latest report forecasts that growth in demand for oil will slow.
OPEC bid to kill off US shale sends oil price down to 2009 low : December 08, 2015,
2015-12-08 11:22:33| Electronics - Topix.net
Oil industry stocks tumbled on Monday, leading US stocks lower, as crude prices sank to their lowest close since February 2009 in the wake after decision of Organisation of the Petroleum Exporting Countries not to cut output dimmed the odds of any quick recovery in oil prices. Dow members ExxonMobil world's largest publicly traded international oil and gas company - and Chevron lost 2.6 percent and 2.7 percent respectively, while shale producer Continental Resources plunged 9.3 percent.
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