Drilling ramp up could get snagged on labor problems
HOUSTON – Oil markets may have pulled out of the worst price collapse in decades, but it could still take years for U.S. shale drillers to fully rebuild the energy workforce after deep payroll cuts....
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Market Currents: Nigeria oil exports continue apace
Crude is lacking conviction to finish the week – being pushed and prodded around: caught in the undertow of rising equity markets, but being held in check by a firming dollar. Hark, here are five...
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Fed: Texas cut 35,000 energy jobs in 2016 through April, but outlook improving
HOUSTON – The latest available data shows Texas energy companies cut 35,000 jobs this year through April, but the industry’s outlook is improving, the Dallas Fed says. “Market participants seemed reassured by global inventory build-ups...
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Cheap gasoline saved consumers $480 last year, study says
Cheaper gasoline prices saved low and middle-income households $480 last year, boosting their annual income by more than 1 percent, a new study says. Those savings should be particularly welcome to American workers, who have...
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Oil completions fell in second quarter, API says
HOUSTON – U.S. drillers brought fewer wells into production this spring as low crude prices crippled the shale industry, a new report says. Oil-well completions – industry shorthand for the processes that turn on a...
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