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Energy / Crude Oil

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Not OPEC, China Dictates The Oil Prices

May 26, 2017 at 17:09 | Nick Cunningham

The OPEC deal will lead to an ongoing tightening of the crude oil market, putting a floor beneath crude prices in the $50s per barrel in the second half of…

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The Top 10 Nations Exporting Oil To The U.S.

May 26, 2017 at 16:53 | Oil & Gas 360

U.S. has brought crude oil from 80 nations into its refineries In the past 30 years, the U.S. has imported more than 91 billion barrels of oil, drawing from a…

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Private Equity Is Jumping Into This Reemerging Oil Hotspot

May 26, 2017 at 10:56 | Dave Forest

I talked earlier this week about increasing private equity activity in the U.S. shale patch. And news the last few days shows energy PE is also growing in the…

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Russian Energy Minister: Deeper Cuts Still On The Table

May 26, 2017 at 09:24 | Irina Slav

Deeper cuts to OPEC’s oil production are not out of the question, but their implementation will depend on how things unfold with the current OPEC agreement, Russia’s Energy Minister Alexander…

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Can Private Investment Turn Mexico’s Ailing Oil Industry Around?

May 24, 2017 at 13:18 | Haley Zaremba

Five years after Mexican President Enrique Peña Nieto made campaign promises to open his country’s oil reserves to foreign interests, a private well been has drilled in Mexico for the…

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Oil Prices Spike On Strong Crude Inventory Draw

May 24, 2017 at 09:47 | Irina Slav

A day before OPEC’s meeting in Vienna, where the cartel should announce officially the nine-month extension to its crude oil production cut deal, the Energy Information Administration added to optimism…

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Is Canada’s Oil Production Ready For A Resurgence?

May 23, 2017 at 15:40 | Haley Zaremba

Last week two right-wing parties in Canada’s oil-rich Alberta province signed a tentative agreement to merge, creating a unified front to oppose the ruling New Democratic Party. The Progressive Conservative…

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Trump To Sell Half The Strategic Petroleum Reserve

May 23, 2017 at 09:42 | Irina Slav

In a release of part of the draft budget for fiscal 2018, the Trump administration has proposed halving the strategic petroleum reserve, which will raise some US$500 million …

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Canada And Brazil Could Jeopardize Oil Market Balance

May 22, 2017 at 13:42 | Tsvetana Paraskova

As OPEC and its partners prepare to reveal the details of what most expect to be an output cut extension, all eyes in the oil industry are on U.S. shale…

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Venezuela: The Brutal Consequences Of Oil Addiction

May 22, 2017 at 13:27 | Haley Zaremba

Oil prices continue to waver after an 18-month slump, and the world’s most oil-dependent nations are feeling the effects. Saudi Arabia, home of the world’s biggest oil company Saudi Aramco,…

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