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Low Oil Prices - What Should Operating Companies Do Now

2015-05-19 10:47:00| Offshore Technology

The recent and rapid collapse of oil prices from $100+ to less than $50 per barrel has created a challenging environment for all companies in the energy sector.

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Pioneer Natural Resources loses $5M as low oil prices, winter weather take a toll

2015-05-06 02:43:00| Oil & Gas - Topix.net

Pioneer Natural Resources posted a net income loss of $5 million in the first quarter as low oil prices and severe winter weather hampered production in the Permian Basin, according to earnings released Tuesday afternoon. The company's net income loss is down 102 percent from the first quarter of 2014 when Pioneer earned a cool $184 million.

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With oil prices low, refining saves the day for Exxon and Shell

2015-05-04 21:22:37| Chemicals - Topix.net

The low oil prices that have been dogging the energy industry led to dramatically lower quarterly earnings for Royal Dutch Shell and Exxon Mobil, but the two giant companies did better than analysts had expected. Profits for Shell , Europe's largest oil company, amounted to $3.2 billion, adjusted for inventory changes and one-time benefits, during the first quarter of 2015.

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Low iron ore prices threaten Magnetation, partner says

2015-04-29 11:04:52| Steel - Topix.net

The plummeting price of iron ore has endangered the future of Magnetation LLC, a minority partner in the company suggested Tuesday. In its first quarter conference call, A.K. Steel CEO James Wainscott said market conditions have 'made life extremely difficult for Magnetation' because the spot market price of iron ore pellets has fallen so low.

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