Oil-price collapse may aggravate producing nations’ other problems

Crude oil prices on the New York market bounced up $2/bbl to settle slightly above $50/bbl Feb. 5. The positive momentum continued during early Jan. 6 trading in what has proved to be a turbulent week for oil prices.

Statoil reduces capital budget by $2 billion following 4Q losses

US works to ease Caribbean dependence on Venezuelan oil

The US drilling rig count plunged 90 units—a majority of which were in Texas—to settle at 1,543 rigs working during the week ended Jan. 30, Baker Hughes Inc. reported.

As supply and demand balances loosened in the second half of 2014, global inventories increased and crude oil prices for near-term delivery declined substantially more than prices for delivery further into the future.

Low oil prices might drive surge in restructuring in 2015

Natural gas prices drop after storage report

Chevron’s $35 billion capital budget down 13% from last year

Shell cuts $15 billion in spending for 2015-17

Oxy cuts capital budget by a third

ConocoPhillips has shed an additional $2 billion from its capital expenditures for 2015, decreasing total spending to $11.5 billion from the previously reported $13.5 billion, in response to the continued decline in oil prices.

BHP to drill first deepwater well off Trinidad in 2016, energy minister says

The four strings will have an aggregate capacity of 63 billion cubic meters a year. 660 kilometers of the pipeline’s route will be laid within the old corridor of South Stream and 250 kilometers – within a new corridor towards the European part of Turkey.

Oil prices will stay lower for longer after more than halving since June, Goldman Sachs' (GS.N) chief commodity analyst said, arguing in his latest research note that demand growth in China and other emerging economies is set to slow.