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Eni’s Arctic Risk Could Pay Off

Eni’s Arctic Risk Could Pay Off

The Trump administration has reversed…

Energy / Crude Oil

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Oil Prices Slip On Strong Crude Draw, Surprise Gasoline Build

Aug 09, 2017 at 09:50 | Irina Slav

Amid stubbornly falling oil prices and growing doubts about OPEC’s ability to rein in production, the EIA reported a draw in U.S. commercial crude oil inventories of 6.5 million…

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‘Nothing To See Here’ - Frackers Ignore Rising Well Decline Rates

Aug 04, 2017 at 17:04 | Nick Cunningham

The Permian basin is starting to see decline rates from shale wells accelerate, a trend that could be the result of too much drilling. Shale wells suffer from steep decline…

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Iraq Races To Fill The Gap Left By The Saudis

Aug 04, 2017 at 17:04 | Zainab Calcuttawala

Iraqi oil exports topped 100 million barrels in July, but that’s still lower than the 3.93 million barrels per day rate Baghdad boasted back in May. The latest…

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Eni’s Arctic Risk Could Pay Off

Aug 04, 2017 at 16:56 | Precise Consultants

Two years ago, Royal Dutch Shell gave up drilling in the Arctic. It came across a dry hole and decided the enormous risks and expense weren’t justified. Someone wasn’t listening.…

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“Oil God” Andy Hall Shuts Down Main Hedge Fund

Aug 04, 2017 at 16:51 | ZeroHedge

Back in December 2014, the start of the worst oil rout since the financial crisis claimed its first victim when 113 year old Phibro, then owned by Occidental Petroleum…

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Oil Prices Rise As The U.S. Rig Count Falls

Aug 04, 2017 at 12:18 | Julianne Geiger

The number of active oil rigs in the United States fell this week by 1 rig as drillers in the United States proceed more cautiously than earlier in the…

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Niger Delta Legalizes Illicit Oil Refineries

Aug 04, 2017 at 10:16 | Irina Slav

The Nigerian government will make illicit refineries operating in the Niger Delta legal, and will even supply them with crude oil, the presidency announced yesterday. The legalization process will…

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Is The EIA Exaggerating U.S. Oil Production?

Aug 03, 2017 at 17:18 | Nick Cunningham

Oil is back at $50 per barrel, restoring some semblance of confidence in the market. But that is just about as much as we can expect in terms of a…

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Saudi Oil Minister Just Did Something He Has Never Done Before

Aug 03, 2017 at 16:23 | Zainab Calcuttawala

Gauging market sentiment before the 2018 Saudi Aramco IPO led Oil Minister Khalid al-Falih to personally meet with top hedge fund managers, according to a new report by Bloomberg.…

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5 Oil Stocks To Pick Up As Oil Rebounds

Aug 02, 2017 at 20:15 | Joao Peixe

The latest downturn in prices is likely to cause another shakeout in the oil industry, a further separation of the best and the rest. The collapse of oil prices in…

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