• 3 minutes The GREAT OPEC+ Agreement
  • 6 minutes US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 10 minutes Trumps Oil Industry....
  • 13 mintues Why Trump Is Right to Re-Open the Economy
  • 25 mins "Saudi Armada heading to U.S.", "Dumping" is a WTO VIOLATION.
  • 9 hours A small trial finds that hydroxychloroquine is not effective for treating coronavirus
  • 3 hours Ten days ago Trump sent New York Hydroxychloroquine. Being administered to infected. Covid deaths dropped last few days. Fewer on ventilators. Hydroxychloroquine "Cause and Effect" ?
  • 6 hours Trump will be holding back funds that were going to W.H.O. Good move
  • 20 hours Saudis to cut 4mm bbls. What a joke.
  • 3 hours Did you all forget the "drill baby drill" republican motto and trump calling for ramping up oil production a cpl years ago ?
  • 9 hours Chinese Communist Party
  • 19 hours Saudi Arabia Is Buying Up European Oil Majors
  • 4 hours Bernie Sanders introduces bill to ban fracking
  • 18 hours Russia's Rosneft Oil is screwed if they have to shut down production as a result of glut.
  • 15 hours Corona Price Tag
  • 7 hours Saudis ship 13 mm bbls oil to U.S. to hurt U.S. shale. On its way. . . . . . . AND TRUMP DOES NOTHING. .
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Tom Kool

Tom Kool

Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com's Head of Operations

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Oil Prices Fall Further As Saudis Boost Exports

For the first time ever, Oilprice.com is releasing its annual Top 50 Oil & Gas Companies report to readers. This 5-part series includes an in-depth financial and geopolitical analysis of each company, including their greatest strengths and biggest risks. This year, a limited number of our Global Energy Alert subscribers will get the chance to see which company topped the list!

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- The number of drilled but uncompleted wells (DUCs) has continued to increase, rising to 8,504 as of February 2019, roughly 25 percent higher than a year earlier.

- The completion process includes “casing, cementing, perforating, hydraulic fracturing, and other procedures required to produce crude oil or natural gas,” as the EIA puts it.

- DUCs have climbed rapidly since 2016 due to multiple factors, including low oil prices; bottlenecks for a variety of services, such as frac sand or fracking crews; and pipeline constraints.

Market Movers

• Lion Point Capital, a hedge fund, disclosed a 6.3 percent active stake in Carrizo Oil & Gas (NASDAQ: CRZO) and said that shareholders of the E&P would benefit from a merger.

• BP (NYSE: BP) approved an expansion of its Thunder Horse project, which will add 50,000 barrels…






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