Archives for 2016
How oil companies can make money at $50 a barrel
By Ryan Maye Handy Some oil and gas companies working in West Texas’ Delaware Basin have discovered a recipe for profit despite lower oil prices, combining luck, foresight and risk, according to a recent study...
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Oil climbs above $50 for first time since June
Oil climbed above $50 a barrel in New York for the first time since June as declines in U.S. crude inventories and OPEC’s pledge to reduce supply fanned hopes the global glut may clear. Futures...
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Inventories fall for fifth straight week, pushing crude near $50 a barrel
Oil climbed, approaching $50 a barrel in New York, after government data showed that U.S. crude stockpiles dropped last week. Inventories slipped 2.98 million barrels in the week ended Sept. 30, according to the Energy...
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Drones are coming to squeeze more savings from oil patch
General Electric Co. has a solution for U.S. oil and natural gas explorers struggling to save more money after squeezing drilling costs by more than a third during the past two years. Raven, a helicopter...
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Market Currents: Saudi oil exports to U.S. are at a 5-month high
Oil prices are moving higher once again, boosted by a supportive weekly inventory report (and not OPEC rhetoric….refreshing!). As further distractions await in the coming days via data deluges, hark, here are five things to...
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