In: News

State Of The Oil Market
August 1, 2016

US production decline is accelerating and not as resilient as initially purported. The global oil market is now undersupplied. Based on…

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Forget The Glut – This Is Why Oil Prices Will Rise
July 27, 2016

The rate of oil production decline in the United States will accelerate in the 3rd quarter. It has already started. Per…

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Oil prices set to peak sooner than expected on supply shortage, Barclays says
July 20, 2016

Barclays is the latest bank to raise its forecast for medium-term oil prices, saying it now expects them to peak sooner…

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U.S. oil companies closer to balancing capital investment with operating cash flow
July 18, 2016

Although the crude oil price decline since 2014 has led to significant reductions in operating cash flow for U.S. oil companies,…

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U.S. Oil Rig Count Increases For 6th Time In 7 Weeks
July 18, 2016

The US oil and gas rig count rose by 7 this week, with Baker Hughes adding 6 more oil rigs to…

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Citibank: We’re nearing a bull market for oil
July 16, 2016

Citigroup is “especially bullish” on commodities in 2017, the bank says. “The oil market is treading water for now, but the…

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IEA releases Oil Market Report for July
July 15, 2016

Record pumping rates in the Middle East and recovering flows in Nigeria consolidate OPEC market share Global oil supplies rose by…

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BHI: US oil rig count records another double-digit increase
July 11, 2016

Again boosted by oil-directed units, the tally of active US drilling rigs gained 9 units to 440 during the week ended…

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TAEP: Upstream job losses in Texas eclipse 100,000 despite rising oil prices
July 6, 2016

HOUSTON, June 27 06/27/2016 ByOGJ editors An increase in crude oil prices in Texas to $43.38/bbl in May from $27.08/bbl in February couldn’t…

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Raymond James: Get Ready for $80 Oil
June 29, 2016

“When oil drilling activity collapses, oil supply goes down too!” Rebounding after a two-year collapse, it’s only this month that oil’s…

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