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Statoil Q2 profits hit by lower oil prices, higher costs
2015-07-28 10:27:19| Oil & Gas - Topix.net
Norwegian energy company Statoil says it was hit by lower oil prices, increased depreciation and higher drilling costs in the second quarter, causing net profit to fall 16 percent to 10.1 billion kroner . CEO Eldar Saetre said Tuesday that the company "delivered encouraging operational performance with good production growth and high regularity" in the quarter, adding that it will continue to cut costs as part of an efficiency program that was "on track."
Oil prices drop to almost six-month low amid Chinese stocks rout
2015-07-28 01:00:00| Offshore Technology
Oil prices have fallen to their lowest in almost six months as a sharp drop in Chinese stock markets prompted additional concerns on the crude demand's outlook in the country.
Southwest Airlines (LUV) Stock Rises as Oil Prices Decline
2015-07-27 23:29:22| Airlines - Topix.net
Falling crude prices translates to lower jet fuel costs for the airline industry. Last week, Southwest reported a record profit for the 2015 second quarter that increased 31% over the year ago quarter.
Tags: stock
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Exxon Mobil (XOM) Stock Declines as Oil Prices Fall
2015-07-27 21:49:18| Chemicals - Topix.net
Oil prices fell to a four month low today after the Chinese stock market experienced steep declines, spreading concern about the state of the global economy. Chinese stocks had their worst day of trading since 2007, falling more than 8% on Monday, as the country's efforts to prop up its struggling economy faltered, according to Reuters .
Oil prices hit by upheaval in Chinese stock markets
2015-07-27 01:00:00| Offshore Technology
The crude oil prices have fallen to a near four-month low today due to a sharp drop in Chinese stock markets and continuing concerns of a supply excess.
Tags: stock
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chinese
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