Video: Haliburton Profits Will Be Nicked by Pemex Production Cuts

Haliburton (HAL) shares are getting pinched today after the Number 2 oilfield services company said production cuts from Petroleos Mexicanos will shave two cents off of fourth quarter earnings. Pemex, Mexicos state-owned oil company, has seen production fall as its reserves decline.

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Video: Hess' 2Q Net Income Plunges 89%

Hess Incorporated (HES) announced this session that its 2Q net income plunged an astounding 89% on lower fuel prices and hampered demand.

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Video - Charles Gibson: Over a Barrel

Charles Gibson previews his investigation into the underlying causes for the volitility of oil prices and if we can ever break free from our dependancy on foreign oil.

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Video: 07/20 Halliburton's 2Q Profit Takes a Beating

07/20/09 Oilfield services company Halliburton (HAL) announced Monday that its 2Q earnings plunged 48%.

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Video: 07/06 Energy Demand Concerns Weaken Oil Prices

07/06/09 Continued worry over energy demand has led the way for oil prices to start a new trading week by sliding about 2.5% this session.

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Video: 06/10 Oil Prices Rise Above $71, Highest In '09

06/10/09 Oil prices traded at an annual high this session above $71 to reach its highest level in 2009.

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Video: 06/05 Oil Prices Trade Above $70 To Close Week

06/05/09 Oil prices rose again this past trading session to close out the week just below the pivotal $70 mark despite trading above that level.

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Video: 06/01 Oil Prices Trade At Yearly Highs

06/01/09 Oil prices rose to their highest levels of the year as a gain in equity markets led the way for a surge in crude prices to start the week.

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Video: 05/28 Oil Prices Touch Above $65

05/28/09 Oil prices rose again this session as a decline in inventories and no change in OPEC oil production figures led the way for higher prices.

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Video: 05/20 Oil Prices Settle At Highest For The Year

05/20/09 A fall in stockpiles for last week and anticipation for the upcoming memorial day weekend holiday led the way for crude prices to rise above $60 and settle at its highest price all year.

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Video: Oil on the rise

Oil prices jump after new data shows supplies unexpectedly dropped.

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Video: 05/01 Oil Prices Jump On Economy Optimism

05/01/09 Oil prices rose once again this past trading session as global economic optimism continues to outweight lackluster economic data.

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Video NEWSMAKER: Prince Turki Al-Faisal on US energy independence

Prince Turki Al-Faisal, former Saudi Arabian Ambassador to the US, gives his thoughts on the possibility of the United States becoming energy independent.

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Video: Could Algae be oil's next competitor?

Scientists in Southern California are trying to design the next oil, and it may be floating in most oceans and ponds. Researchers say algae may be the next alternative to oil. The AP's John Mone reports.

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Video NEWSMAKER: Marvin E. Odum on offshore gas production

President of Shell Oil Company, Marvin Odum, talks about about the importance of increasing offshore gas production.

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Video: China lends Russian oil $25 billion

China lends Russian oil companies $25 billion in exchange for 20 years of oil from their new East Siberian oilfields. Cash-rich and energy-hungry China is lending the money for Russia to invest in its oil infrastructure as Moscow faces its first recession in a decade.

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Video: Oil Prices Close The Week Out Higher

01/23/09 Oil prices managed to rise yet again this past volatile trading session as inflation worries rallied the commodity exchange.

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Video: EIA Inventory Data Turns Oil Markets Volatile

01/22/09 Another increase in crude inventories led the way for yet another volatile trading session at the NYMEX as oil prices managed to settle in above $43 a barrel this session.

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Video: Oil Prices Soar Alongside Wall Street Gains

01/21/09 Oil prices jumped this past trading session led by a rebound on Wall Street as the March crude contract became the front month.

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Video: Chavez expects more OPEC oil cuts

Venezuela's President Hugo Chavez says in a speech to Congress that OPEC countries will likely reduce oil output to try and control falling prices. Chavez also announced in his address that Venezuela has joined with a Russian company to operate the state-owned Las Cristinas gold mine.

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