HOUSTON, Jan 27 (Reuters) - Three major U.S. shale oil companies have slashed their 2016 capital spending plans more than expected in a bid to survive $30 a barrel oil prices, with one of them saying prices would need to rise more than 20 percent just to turn a profit.
(Wed, 27 Jan 2016) Natural gas spot prices around the United States are often compared to prices at the Henry Hub in Louisiana. At trading points in and around the Marcellus and Utica plays in Pennsylvania, West Virginia, and Ohio, natural gas prices consistently trade below the Henry Hub national benchmark price. However, the difference between these pricing points and the Henry Hub has narrowed in recent months as new pipeline projects come online.
SYDNEY/WELLINGTON, Jan 27 (Reuters) - Australian shares fell 0.7 percent on Wednesday, led by losses in energy and banking stocks, while New Zealand and much of Asia put on modest gains on Wall Street's strength.
BEIJING, Jan 27 (Reuters) - Profits earned by Chinese industrial firms in December fell 4.7 percent from a year earlier, the seventh straight month of declines, as the slowing economy hits sales and forces many companies to cut prices to win business.
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