Oil Prices:

Oil Prices Tumble, Now in Bear Market

U.S. oil prices tumbled on Tuesday to the lowest level so far this year as investors fear that a global supply glut will persist longer than had been expected. The benchmark West Texas Intermediate (WTI)…

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As OPEC Cuts, U.S. Oil Exports Surge

The week OPEC agreed to extend oil-production cuts for another nine months, U.S. crude exports hit a new record. The amount of oil U.S. exporters sent abroad climbed to 1.3 million barrels a day late…

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IEA: U.S. Shale Oil Production Growth ‘Impressive’

Cost savings and technological improvements have contributed to the “impressive growth” from U.S. shale oil, the International Energy Agency said. IEA Executive Director Fatih Birol delivered a presentation on the state of the global energy…

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U.S. Shale Roars Back at OPEC

OPEC may get its members to agree to continue to tamp down oil production, but it will be a Pyrrhic victory. The biggest threat to the 13-member group’s dominance has been U.S. shale. In November 2014, the Organization of…

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Stubborn Oil Glut Persists Despite OPEC Cuts

After the first OPEC oil production cut in eight years took effect in January, oil traders from Houston to Singapore started emptying millions of barrels of crude from storage tanks. Investors hailed the drawdowns as…

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Permian Oil Boom Confounds OPEC

As oilfield workers for Lilis Energy Inc threaded together drill pipes one recent morning in the Permian Basin, a bulldozer cleared sagebrush to make way for the company’s fifth well since January. Lilis aims to…

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