Venezuela’s oil production could fall half a million barrels a day in 2016, Barclays says
HOUSTON – For weeks, two competing market narratives have kept U.S. oil prices pinned just below $50 a barrel, with one side arguing big crude production outages could soon correct a global oversupply while others...
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Oil down in advance of ‘Brexit’ vote
Oil fell from the highest closing level in more than a week as markets awaited U.S. stockpile data, while the U.K. referendum on membership in the European Union remained too close to call. Futures slid...
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Market Currents: Nigerian oil exports holding up, Venezuelan exports fall
Once again, the oil market is being whipsawed around by currency swings under the influence of Brexit sentiment. Amid dollar strength, Nigerian truce hopes, and some profit-taking after two days of leaping higher, crude retraces....
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Trial opens in 2012 offshore fire, explosion on Black Elk platform
NEW ORLEANS — Jury selection began Monday for what is expected to be a lengthy and complex trial arising from lawsuits over an offshore oil platform explosion and fire that killed three workers off Louisiana’s...
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Market Currents: Five things to consider in energy markets today
In honor of Brian Wilson’s 74th birthday, the oil market is picking up some good vibrations to start the week. As Brexit fears abate and risk-on returns, crude is propelled higher by a weaker dollar....
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