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Energy / Oil Prices

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IEA: Oil Markets Are Balancing At A Rapid Pace

Apr 13, 2017 at 16:54 | Nick Cunningham

The IEA downgraded global oil demand growth for this year, dropping its estimate to 1.3 million barrels per day (mb/d). That is the second annual decline in demand growth and…

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Can We Expect A Big Draw In Crude Inventories Anytime Soon?

Apr 13, 2017 at 15:03 | Irina Slav

With shale producers adding rigs every week, output is rising and so are stockpiles which weighs on prices and curbs their upward potential, ruining OPEC’s efforts to rebalance the market.…

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Iran Ramps Up Oil Output As OPEC Production Falls

Apr 13, 2017 at 14:38 | Ron Patterson

The OPEC Monthly Oil Market Report is out with OPEC’s crude oil production numbers for March 2017. All data is through March 2017 and is in thousand…

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Will Summer Bring $60 Oil?

Apr 12, 2017 at 14:06 | Oil & Gas 360

Refinery utilization hits 90.8 percent, the highest since the first week of the year U.S. refiners are picking up activity as the summer driving months approach, encouraging markets to increase…

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OPEC’s Combined Oil Output Falls Further In March

Apr 12, 2017 at 11:28 | Irina Slav

OPEC members pumped a combined 31.93 million barrels of crude daily last month, down 153,000 bpd from February, the group said in the latest edition of its Monthly…

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Saudis Cut Deeper In March, Continue To ‘Overcomply’ With OPEC Deal

Apr 11, 2017 at 13:27 | Tsvetana Paraskova

Saudi Arabia reduced its crude oil production by 111,000 bpd to 9.9 million bpd in March, again generously overcomplying with the OPEC output cut deal after having raised February output—but…

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Oil Prices Inch Higher Ahead Of Inventory Data

Apr 11, 2017 at 11:51 | Matt Smith

Today is national submarine day, and oil prices are trying not to submerge after a recent sustained rally. Today we get the opening gambit from the triumvirate of reports from…

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Why Breakeven Prices Are Plunging Across The Oil Industry

Apr 10, 2017 at 16:42 | Arthur Berman

Shale companies have pushed breakeven oil prices below $40 per barrel—but so have major oil companies. Analysts commonly portray cost reduction as something unique to the tight oil companies. Data…

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Is Another Bust Looming Over The Oil Industry?

Apr 10, 2017 at 15:37 | Dwayne Purvis

Notable authorities such as the EIA, the IEA, OPEC and BP forecast growth of demand for oil in their base case scenarios through the end of their forecast periods. These…

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Oil Prices Rise Ahead Of Rig Count Data

Apr 07, 2017 at 11:39 | Matt Smith

After oil prices spiked higher overnight amid a U.S. airstrike on Syria, an underwhelming monthly employment report this morning has helped to unravel most of these gains. As the market…

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