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US DRILLERS
US panel exempts Gulf of Mexico oil and gas drillers from endangered species protectionsA panel has decided to exempt oil and gas drillers operating in the Gulf of Mexico from certain endangered species protections. This move i...- Asia buys most US oil in years as Iran war blocks Mideast flowsAsian nations are buying the most US oil in three years. This surge is driven by the Strait of Hormuz crisis disrupting Persian Gulf crude ...
- Uttarakhand CM Dhami inspects tunnel site; Arnold Dix sheds hope amid delay in rescue of trapped workers"Prime Minister Narendra Modi is very sensitive towards the workers trapped in Silkyara, Uttarkashi Tunnel. Prime Minister is taking detail...
- Uttarkashi tunnel rescue: BRO personnel to quickly transport machines for vertical drilling to hill topOfficials are exploring the option of vertical drilling too as the heavy-duty auger machine that was used in the horizontal drilling throug...
- Oil drillers and Bitcoin miners bond over natural gasThe trailers - carrying pipes, generators and computers - are called “mining rigs.” But their owners aren’t there to drill for oil. They ar...
- Crude oil prices to remain choppy in the near termOil markets are faced with a triple and not double whammy--Texas, Russia and OPEC.
- How oil market lived with a West Asia in flamesOil prices jump almost 5 per cent as traders rush to cover the risk of a Middle East war
- Oil nudges higher, but ample global production weighsUS West Texas Intermediate (WTI) crude futures were at $52.07 per barrel.
- Cuts on ‘right track’ to balance oil market: S ArabiaCrude producers in the US are pumping a record 11.7 million barrels a day.
- Oil prices ease as trade row clouds demand outlookUS West Texas Intermediate (WTI) futures fell 20 cents or 0.3 per cent, to $68.79 a barrel.
- Crude caught in downward spiral; US output, Opec sober up moodCrude oil is witnessing major support around $63.80-63 and resistance at $66-66.50.
- Oil declines for fifth week as supply climbsOil tumbled on concerns that expanding global supply will counter reductions from the OPEC.
- Oil declines as US, Libya pump into oversupplied global marketUS drillers increased the rig count by six to 747 last week, the highest level since April 2015.
- Crude oil futures fall 0.35% after global cues weakenCrude oil futures slipped 0.35 per cent to Rs 2,869 per barrel today.
- Oil producers prepare for second-half slump as rally sputtersCrude has declined more than 10 per cent since hitting a 2016 peak in early June, stoking fears of another second-half slump.
- Oil producers prepare for second-half slump as rally sputtersSince the start of 2015, 85 North American oil and gas producers have gone bankrupt, according to law firm Haynes & Boone LLP.
- Oil prices rise on lower US rig count although China still worriesOil prices rose as the number of US rigs fell for a sixth straight week, while investors waited for Chinese trade data to be published late...
- Ballooning debt threatens to collapse shale industryDrillers' debt ballooned to $235 billion at the end of the first quarter, a 16% increase in the past year, even as revenue shrank.
- IT stocks slip despite a weaker rupee; Infosys lead the fallThe IT major expects revenue to shrink in its energy segment as its clients grapple with the low price of oil, TCS said in an investor conc...
- US will end cozy ties with oil drillers: ObamaBarack Obama says he will end a cozy relationship between federal regulators and drilling companies.
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