crude oil prices
crude oil prices Articles
The poster child for the impact of low crude prices is Venezuela, a founding member of OPEC and the country with the largest proved reserves in the world.
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In the week ended August 26, the number of rigs drilling for oil in the United States totaled 406, unchanged compared with the prior week.
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The August 15 short interest data have been compared with the previous figures, and short interest for the selected oil stocks was mixed.
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U.S. commercial crude inventories increased by more than 2 million barrels last week, according to the U.S. Energy Information Administration.
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The latest Baker Hughes North American Rotary Rig Count finds the number of rigs drilling for oil in the United States totals 406.
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U.S. commercial crude inventories decreased by more than 2 million barrels last week, according to the EIA.
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Can it finally be the case that there is good news in the oil patch these days? It may be true, but the qualification for what makes for good news in 2016 might be very different when compared to...
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Despite oil not being over $50 a barrel, the rig count went higher. Will it continue? And if so, won't more drilling just add more supply and drive prices lower?
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Petrobras is set to release its second-quarter earnings report, and the consensus estimates call for rising earnings but falling revenue.
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Shares of Chesapeake Energy rose on Thursday after the top natural gas producer agreed to exit the Barnett Shale operating area located in North Texas.
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U.S. crude oil stocks were up by about 1.0 million barrels in the past week, while consensus estimates had called for a drop of 800,000.
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Despite the price of oil being low, there are several key surprises in the latest OPEC monthly oil market report.
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The July 29 short interest data have been compared with the previous figures, and short interest for most of the selected oil stocks was lower.
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Horizontal drilling and fracking technology has improved a lot in the past few years, and that has driven production costs lower.
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In the week ended August 5, the number of rigs drilling for oil in the United States rose to 381, according to the Baker Hughes North American Rotary Rig Count.
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