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Energy / Crude Oil

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Something Has Got To Give In Oil Markets

Feb 17, 2017 at 16:48 | SCS OTC Corp

- Oil wrestled with positive fundamental expectations and bearish present circumstances this week to remain glued to the $53 mark. In the present, stress of record high crude oil and…

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Trade Wars Or New Oil Markets – Trump’s Asian Dilemma

Feb 16, 2017 at 16:02 | Irina Slav

President Donald Trump has been vocal in referring to China as an unfair rival to the U.S. on global markets. The media has been only too happy to report on…

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OPEC Ready To Cut Deeper

Feb 16, 2017 at 09:22 | Irina Slav

OPEC is finding itself backed into a corner: the group, it appears, is prepared to extend the oil production cut agreement that is set to expire at the end of…

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U.S. Crude Inventories Reach Record High After EIA Reports Significant Build

Feb 15, 2017 at 09:52 | Irina Slav

For the third week in a row the Energy Information Administration (EIA) has reported an increase in commercial crude oil inventories of 9.5 million barrels, to a total of…

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Iraq Plans For Enormous Boost To Refining Capacity

Feb 14, 2017 at 14:59 | Irina Slav

Iraq’s government is ambitious and it wants to make the most of the country’s oil and gas reserves. Plans for an expansion of the country’s refinery network have been circulating…

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Europe’s Big Oil Breaks Even At $50-60 Per Barrel

Feb 14, 2017 at 09:33 | Irina Slav

Europe’s big oil companies need oil to stay in a range between US$50 and US$60 a barrel to remain cash flow positive, Fitch Ratings said. The agency added that…

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Artificial Intelligence To Reveal The Biggest Secret In Oil

Feb 13, 2017 at 16:13 | Tsvetana Paraskova

The EIA is, and will continue to be, the gold standard for reporting U.S. oil inventories, and the administration’s weekly reports have the power to immediately swing crude oil prices…

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OPEC 310,000 Barrels Per Day Above Production Cut Goal

Feb 13, 2017 at 15:10 | Ron Patterson

The new January OPEC Monthly Oil Market Report is out with crude only production numbers for January 2017. All charts are in thousand barrels per day.

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OPEC Reports First Output Deal Results: 890,000 Bpd Cut

Feb 13, 2017 at 09:34 | Tsvetana Paraskova

OPEC cut its crude oil production by 890,000 bpd from December to average 32.14 million bpd in January, the cartel said in its Monthly Oil Market Report…

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Why The Huge Inventory Build Didn’t Crash Oil Prices

Feb 10, 2017 at 16:32 | SCS OTC Corp

- WTI snapped out of a two week coma on Wednesday trading to a low of $51.22 following an API report revealing a 14m bbl crude oil build which was…

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