ForbesIs Crude Oil About To Plunge Below $40?ForbesIn my last crude oil update, I discussed how the “smart money” was still betting on the lower crude oil prices, as well as the risks posed by renewed U.S. dollar strength. Since then, both WTI and Brent cr …

Russia To Maintain Oil Production Volumes In 2016ForbesRussian oil producers have no plans on reducing oil production next year despite weaker prices and being shut out from Western capital markets. “We have no intentions to reduce the production volume,” …

ForbesMaersk Oil Pays $845 Million To Buy Into East AfricaForbesMaersk Oil, the Copenhagen-based energy company, will pay up to $845 million for oil exploration licenses in Kenya and Ethiopia. The deal for Africa Oil Corp.'s shares in five onshore lice …

ForbesMaersk Oil Pays Up To $845 Million To Buy Into East AfricaForbesMaersk Oil, the Copenhagen-based energy company, will pay up to $845 million for oil exploration licenses in Kenya and Ethiopia. The deal for Africa Oil Corp.'s shares in five onshor …

Los Angeles TimesOil industry pumped cash into lobbying as fight over energy bill ragedLos Angeles TimesMore than a dozen oil companies or oil industry groups spent almost a total of $11.3 million on lobbying in the period between July 1 and Sept. 30. The …

ForbesOnly 1% of the Bakken Play Breaks Even at Current Oil PricesForbesOnly 1% of the Bakken Play area is commercial at current oil prices. 4% of horizontal wells drilled since 2000 meet the EUR (estimated ultimate recovery) threshold needed to break even …

Sydney Morning HeraldSantos, Quadrant Energy sell Stag oil field to Sona for $US50mSydney Morning HeraldThe sale of the mature oil field, as reported earlier in the The Australian Financial Review's Street Talk, has been in negotiation for months and i …

Business InsiderOil prices drop on China demand worriesBusiness InsiderSINGAPORE (Reuters) - Oil prices fell in early trading in Asia on Monday as analysts expected weaker demand from China in upcoming months. Benchmark U.S. crude futures were down 41 cent …

LocalNews8.comIdaho grower experiments with mineral oil on cropsWashington TimesThe Capital Press (http://bit.ly/1N2IQvr) reports that Clen Atchley sprayed mineral oil over 130 acres over his potato fields in Hawaii earlier this year. He says that he'l …

Financial TimesKazakhstan faces oil dilemma as prices plungeFinancial TimesIn Texas or the North Sea, oil companies struggling with falling prices are firing thousands of employees. In Kazakhstan, it is not so simple. The central Asian nation was a poster …