WorldOil Shell is said to eye $8-billion deal for Endeavor Energy as price tag drops Royal Dutch Shell Plc is in negotiations to buy Endeavor Energy Resources LP for about $8 billion, according to people familiar with the matter, or roughly half as much as the Texas oil producer was expected to fetch when it put itself on the block this year. Exxon becomes Permian drill chief to combat falling oil output Exxon Mobil Corp. has overtaken rivals to become the most active driller in the Permian Basin, showing the urgency with which the world’s biggest oil company by market value is pursuing U.S. shale. Oil closes below $50 for first time in one year as glut fears grow OPEC has its work cut out to persuade the market that its output caps will stabilize oil prices -- and U.S. producers aren’t helping. Oil gains near $52 as U.S. drillers cut rigs Oil rose to near $52/bbl as the dollar fell and U.S. drillers cut rigs to the lowest in eight weeks. U.S. oil surge makes Bank of Russia skeptical on OPEC+ success Russia’s central bank is not convinced that OPEC and its allies’ supply cuts can revive the oil market as it’s being countered by surging U.S. production. Parker Drilling files for chapter 11 bankruptcy Parker Drilling announced that it and its material U.S. subsidiaries have entered into a restructuring support agreement (RSA) with holders of the company's securities. Explorers face pain as oilfield costs jump: Wood Mackenzie Shale explorers are in for higher equipment and service costs in 2019 after getting hit with double-digit inflation this year, according to Wood Mackenzie Ltd. First commissioning cargo departs Cheniere’s Corpus Christi facility Cheniere Energy announced that the first commissioning cargo of LNG has departed from its Corpus Christi liquefaction facility. Oil falls below $52, little changed a week after OPEC+ cuts Oil traded below $52/bbl in New York, just striking distance from where it trended a week ago after OPEC and its allies announced output cuts, as traders weighed incremental U.S. shale growth against softer demand for 2019. Trading `God' says shale has oil prophets groping in dark Andy Hall, the oil trader nicknamed “God” for his lucrative calls on crude, says the U.S. shale boom has made it far harder to predict global supplies.