Pioneer Energy Services narrows losses
Contract driller Pioneer Energy Services landed in the red in the second quarter again with a loss of $30 million, or 46 cents a share, which wasn’t as bad as Wall Street analysts were...
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Oil falls to three-month low
Oil dropped to a three-month low in New York after government data showed that U.S. crude stockpiles unexpectedly climbed last week, halting the longest streak of inventory declines on record. Futures fell as much as...
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Market Currents: Brazil’s oil exports used to cover Chinese debt obligations
As the latest weekly inventory report from the EIA shows builds to both crude and gasoline, prices have reversed course and are charging lower. Hark, here are six things to consider in energy markets today....
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Petroleum stockpiles grow despite strong demand
Commercial crude inventories rose by 1.7 billion barrels last week, holding stockpiles at historically high levels despite rising demand and exerting more pressure on oil prices Stockpiles of refined products rose by about 1 million...
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Is $60 a barrel oil coming soon?
U.S. oil prices could rise to $60 a barrel by the end of this year, said Anadarko’s chief executive in a Wednesday earnings call, which would encourage the company to begin reinvesting in oil exploration...
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