News
Dallas Fed: Shale gains bring U.S. oil breakeven price down to $50 a barrel
The cost of profitability drilling a shale oil well in the U.S. has fallen to a modern low of $50 per barrel, likely ensuring the growth of the onshore shale industry for years to come,...
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U.S. oil output still expected to hit 13M barrels daily by end of '19
Despite a slow start to the year, U.S. crude output is still expected to surge for the rest of the year and hit at least 13 million barrels daily by the end of 2019, a...
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Russian oil sales to U.S. ‘on steroids’ amid Venezuela sanctions
Petroleum exports from Russia to the U.S. are growing rapidly as the supplier takes advantage of lost deliveries from sanctions-hit Venezuela and supply cuts by OPEC members. Source: FuelFix
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Oil rises as OPEC signal on output curbs counters trade risk
Oil rose on signs OPEC and its allies will extend production cuts beyond June, while a steadily deteriorating U.S.-China trade relationship kept prices from pushing higher. Source: FuelFix
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Feds give Cameron LNG permission to begin commissioning cargoes
Federal regulators have given Cameron LNG permission to start exporting liquefied natural gas made during the plant’s weeks-long startup process. Source: FuelFix
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