OPEC, for some quiet moments..

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we expect Exxon to generate operating cash flow of $34.8B this year and $34.3B next year, which will partially fund CAPEX of $29.7B and $29.4B and dividend of $12.1B and $12.7B, for a cash flow deficit of $7.0B and $7.9B, to be funded from divestiture proceeds and additional debt… Given its large scale, we believe production growth will be both anemic and unsustainable and return on invested capital will fall short of historical levels even at much higher, but more realistic oil prices. We believe Exxon needs another Mobil to create long-term shareholder value through synergy benefits from cost savings and efficiency gains. We think such a move by Exxon could accelerate industry consolidation and create companies that are more resilient to low and volatile oil prices.

Why Exxon Needs Another Mobil - Stocks to Watch - Barrons.com

Crude oil's plunge intensified on Tuesday morning, as the commodity broke dramatically below $37 per barrel to hit a seven-year low. And at this point, technically minded traders appear to be eyeing $32 as the next substantial level of support.

Here are the critical levels for crude oil now

In summary, EOG is well placed, relative to peers, to get through this extended period of weaker oil prices. Despite this strong relative position, EOG is cutting capex by 40% in 2015 (on average versus 2014), and expects 2015 production to be broadly flat on 2014 levels. If EOG holds the ‘best of the best’ acreage in the US best shale plays, what does it say about the outlook for other shale oil companies out there, and the larger companies that do not give specific guidance?

How is the US shale industry adjusting to the rapid decrease in oil prices?

OPEC’s new free-for-all production stance could lift the lid on millions of barrels of additional crude supply next year. “Everyone does whatever they want” now that the Organization of Petroleum Exporting Countries has effectively abandoned its formal production target, Iranian Oil Minister Bijan Namdar Zanganeh said after the group met on Friday. What Iran wants is to revive exports by about 1 million barrels a day when sanctions are removed next year. It’s not the only member with potential to swell the global oil surplus, with millions of barrels of capacity lying unused under the sands of Saudi Arabia and Libya.

OPEC Unshackled From Quota Could Add Millions of Barrels - Bloomberg Business