Top US oil firms to trim more fat.

Top US oil firms to trim more fat. Top US oil producers, which already were reining in spending before crude prices started to slip in June, are now looking to trim more fat from their budgets while reminding investors they must spend to grow.ExxonMobil it would keep its current spending plan intact, though it is about 15 per cent less than 2013. ConocoPhillips said it will spend less money next year, and Chevron Corp said it...

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US oil stockpiles rise, products fall.

US oil stockpiles rise, products fall. Nov 10th 2014, 00:00 US crude stocks rose but less than forecast last week, while gasoline and distillate inventories fell, data from the Energy Information Administration (EIA) showed.Crude inventories edged up 460,000 barrels in the week to October 31, compared with analysts' expectations for an increase of 2.2 million barrels.US crude imports fell 426,000 barrels per day (bpd).Stocks at the Cushing, Oklahoma,...

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