OPEC, for some quiet moments..

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So, with that, I think that the ideal level for the bulls might be about 10% lower. That's because it's still worth drilling on the good properties at $50 while others are on hold and the marginal producers slowly get taken down. Again, remember, it's the speed not the price, and at $50 we get gasoline at about $2, which seems to have an almost miraculous effect on the consumer without causing massive bankruptcies and a destruction of the high-yield market.

Ideal Level for Oil?; Heed the Rotation: Jim Cramer's Best Blogs - TheStreet

Admiration for Putin's decisiveness has largely subsided in the West, but not totally. There are still people arguing Russia will come out the other end reinforced. While low oil prices will also produce problems in the US shale sector, it's strange to close one's eyes to the problems these cause in Russia's energy sector. The fall in the ruble could, long-time provide a boost to non-energy production and exports from Russia, but not without serious reforms. And Russia first has to survive a rather acute crisis. Only if oil recovers and Russia embarks on reforms would it be a good place to invest.

Is Putin Winning The Oil War? | Seeking Alpha

Oil prices fell Friday, tumbling as the dollar strengthened and a supply glut in top consumer the US trumped worries about falling production from Libya.

Oil down on rising dollar -Upstreamonline.com

BP is close to spending up to $800 million to acquire a stake in a Russian oil field that would further cement its already significant relationship with state giant Rosneft, according to a report. The UK supermajor is looking to tie up a 20% stake in the Tass-Yuriakh field in East Siberia, Moscow-based daily Kommersant reported, citing unnamed sources.

BP ‘eyes $800m Rosneft deal’ -Upstreamonline.com

Perenco, Golar and state player SNH sign heads of agreement that could lead to output from early 2017

Cameroon inks FLNG deal -Upstreamonline.com

InterOil, like most oil and gas companies, suffered from the fall in oil price. But unless energy prices stay low for a decade or so, which we think is unlikely, there is little reason for that. The next year will be decisive for InterOil's LNG plans, most notably because of the recertification of its Elk/Antelope resource which underpins it. If that confirms earlier certification, a major hurdle will be taken, setting the company up for a virtuous cycle of discoveries and monetization of its unique acreage.

The Portable InterOil - InterOil Corporation (NYSE:IOC) | Seeking Alpha