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OIL RIG COUNT
Ten reasons oil is still below $100 a barrelGlobal oil prices remain surprisingly low despite the ongoing war in Iran. China's drastic cut in oil imports is a major factor. Demand des...- OPEC output hikes and trade wars have US oil producers wary of 'drill baby drill'Despite US President Trump's efforts to boost U.S. oil production, the industry faces potential output cuts and job losses. Increased OPEC ...
- Oil hovers at highest since Oct on cold weather, China stimulusOil prices reached their highest levels since October as colder weather in the Northern Hemisphere and Beijing's economic stimulus measures...
- Oil prices fall on supply glut fears despite OPEC+ output cut extensionOil prices dipped over 1% on Friday, solidifying weekly losses amid projections of a 2024 supply surplus due to weak demand. This occurred ...
- Oil eases on resuming US output after storm, rising rig countAs U.S. Gulf Coast production and refining activity resumes, investors have opted to offload oil contracts going into the weekend, said Bob...
- Oil prices down on Gaza ceasefire talks, flat on the weekBrent futures for May delivery settled at $85.43, losing 35 cents. U.S. crude settled at $80.63 a barrel, falling 44 cents. Both benchmarks...
- Oil prices take a small loss in seesaw sessionThe market tumbled earlier in the session after a New York Federal Reserve Bank manufacturing survey showed a third month of declines in ne...
- Oil gains for third straight week on tight supply, China optimismSupply concerns continue to be a driving force for prices since Saudi Arabia and Russia this month announced an extension of their combined...
- Oil down on stronger greenback, rising US rig countUS West Texas Intermediate (WTI) crude futures fell 30 cents, or 0.4%, to $71.67 a barrel at 0059 GMT, after declining by 64 cents on Frida...
- Oil prices drop on OPEC's output deal, but markets to stay tightDutch bank ING said "the 1 million bpd increase announced gives us confidence in our view for lower prices."
- Crude oil prices likely to move higher as volatility hits over 3-year lowSpeculation that the US may reimpose sanctions on Iran helped boost oil prices last week.
- Soaring crude prices boost guar gum exportsPrices of guar gum have risen 15 per cent since October.
- Crude oil’s medium term outlook positive but expect some profit-bookingFundamentals remain supportive as supply has started to flatten and demand remains robust.
- Fundamentals unsupportive, crude oil likely to fall furtherUS oil rig count increased for a 22nd straight week, rising by 6 to 747 and has doubled year-on-year.
- Guar farmers cheer oil rig rise in North AmericaRise in oil rig count in N America has pushed up guar seed and guar gum prices in past 3 months; crude price rise is also boosting the dema...
- Crude oil awaits full compliance of the Opec deal as US shale oil puts pressureLooking ahead, rangebound action could continue for the time being. Global risk sentiment will drive prices in the short term as fundamenta...
- Correction ahead on crude oil counter, $40 level can be a good entry pointOil prices have remained depressed in the recent weeks on account of verbal jockeying by producers over planned output cuts by the Opec.
- 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...
- The oil industry is acting like the worst is overData from Federal Reserve indicated that oil companies are starting to reverse their behavior of shutting down wells and halting production.
- Drilling giant Baker Hughes warns the pain from oil crash is far from overThe oilfield services company reported second quarter results on Tuesday morning, with an adjusted earnings per share loss of $0.14, in lin...
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