Oil price rises to near $94 a barrel after US consumer spending growth revised … – Fox News


DailyForex.com
Oil price rises to near $94 a barrel after US consumer spending growth revised
Fox News
BANGKOK – The price of oil rose slightly Friday after data showed U.S. consumer spending on the rise, a sign of confidence in prospects for the world's biggest economy. Benchmark crude for July delivery was up 15 cents to $93.76 per barrel at midday
Oil price falls to near $93 a barrel on concerns of Fed pullback on stimulusWashington Post
Oil: Price rises on signs US economy still needs stimulusTulsa World
Oil price falls below $93 as IMF cuts China growth forecast, traders await US Minneapolis Star Tribune
Bloomberg –Newser –DailyForex.com
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Rising Oil Prices: The Euro Zone’s Next Big Problem? – CNBC.com


Arab News
Rising Oil Prices: The Euro Zone's Next Big Problem?
CNBC.com
"I think oil prices as they are right now are going to be unsustainable. There is all this 'oomph' about shale oil, but it does not alter the fact that there is still a shrinking amount of exportable capacity in OPEC and that's what drives the supply
Oil price is 'fair and reasonable'Arab News
OPEC moves towards holding outputSKNVibes.com
Iraq hints OPEC to stabilise outputBusiness Recorder
Daily Beast
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Investors Should Focus on Shale Oil, but Diversification is also Wise – OilPrice.com


NPR
Investors Should Focus on Shale Oil, but Diversification is also Wise
OilPrice.com
Calling the energy space under-owned and a great value, Frank Holmes and Brian Hicks of U.S. Global Investors view shale oil plays as integral to an energy renaissance. Still, to hedge their bets, the two experts recommend diversification across the
2013 oil and gas price forecast updateSmartPlanet.com (blog)
Which Oil Companies Could Benefit from Price Differentials?Trefis

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Texas Railroad Commission gets 4-year reprieve – Austin Business Journal (blog)

Texas Railroad Commission gets 4-year reprieve
Austin Business Journal (blog)
The Railroad Commission has another four years ahead under a catch-all bill designed to keep state agencies running, though the bill also ensures the commission that regulates oil and gas isn't entirely off the hook. House Bill 1675, authored by State Rep.
Railroad Commission adopts new rules for drilling, frackingDallas Business Journal
[NR] Christi Craddick thanks Texas Legislature for funding Railroad CommissionOdessa American

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Crow tribe signs oil lease deal with Wash. company – The Seattle Times

Crow tribe signs oil lease deal with Wash. company
The Seattle Times
Crow tribe signs oil lease deal with Wash. company. Leaders of the Crow Indian Tribe have reached a lease agreement with a Washington state company seeking to drill for oil on the tribe's Montana reservation. The Associated Press
Crow tribe signs oil lease agreement with Washington companyOregonLive.com
Crow Tribe signs oil deal with Spokane company for acres near PryorBillings Gazette

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New Railroad Commission rules strengthen construction standards – Midland Reporter-Telegram

New Railroad Commission rules strengthen construction standards
Midland Reporter-Telegram
Texas is the nation's top oil and natural gas producing state, representing a staggering 40 percent of the country's oil production and 30 percent of its natural gas production. Texas also leads the country in energy policy and technology, and prolific
Texas Railroad Commission gets four more yearsDallas Business Journal (blog)
Railroad Commission gets last-minute reprieveHouston Business Journal
Texas Railroad Commission gets 4-year reprieveAustin Business Journal (blog)
Odessa American –San Antonio Express –Environmental Defense Fund (blog)
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Oil price falls to near $93 a barrel on concerns of Fed pullback on stimulus – Washington Post


Independent Online
Oil price falls to near $93 a barrel on concerns of Fed pullback on stimulus
Washington Post
NEW YORK — The price of oil fell near $93 a barrel Wednesday on concerns that the Federal Reserve may ease up on its stimulus measures and that the stock market rally is cooling. By afternoon in New York, benchmark oil for July delivery was down $1.69
Oil price falls below $95 a barrel after parting ways with stocks amid ample Fox News
Oil price falls to near $94 a barrel as supplies remain ample ahead of OPEC Newser
Oil: Price rises above $95 a barrel, tracking stocksTulsa World
Independent Online –Zolmax –Las Vegas Sun
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Oil price is ‘fair and reasonable’ – Arab News


Arab News
Oil price is 'fair and reasonable'
Arab News
And while the price of oil by historical standards is expensive, it is well below the $ 125 that rang alarms in major consumer countries last year. "The current price is fair and reasonable," UAE Oil Minister Suhail bin Mohammed Al-Mazroui told Reuters
Fracking is Pitting OPEC Members Against Each Other. It Couldn't Happen to a Daily Beast
Saudi Oil Minister Praises Oil Market Conditions Ahead of OPEC MeetingZawya (registration)
US shale threatens to divide OpecFinancial Times

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BofA Cuts Brent Oil Price Estimates on China Demand, U.S. Crude – Bloomberg


DailyForex.com
BofA Cuts Brent Oil Price Estimates on China Demand, U.S. Crude
Bloomberg
“Unless regulatory constraints to export crude oil are removed, WTI crude prices should remain soft, and we still see a risk of $50 a barrel for the Oklahoma grade at some point over the next 24 months on the back of midstream and downstream
African Opec oil setbacks help prop up pricesDAWN.com
Oil prices fall amid concerns over Fed taperingGlobal Times
UAE Supports High Oil Prices and Believes Demand will Remain Weak in 2013OilPrice.com
Tulsa World –DailyForex.com –The Nation
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Texas Railroad Commission gets four more years – Dallas Business Journal (blog)

Texas Railroad Commission gets four more years
Dallas Business Journal (blog)
Lawmakers waited until the last minute to keep it going after the Railroad Commission, which oversees oil and gas in the state, underwent a sunset review and the Texas House failed to pass a measure to reform the agency and rename it. The Dallas
Railroad Commission gets last-minute reprieveHouston Business Journal
Texas Railroad Commission gets 4-year reprieveAustin Business Journal (blog)
Railroad Commission avoids shutdownSan Antonio Express
Environmental Defense Fund (blog) –Akron Beacon Journal (blog) –Fort Worth Business Press
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Oil price falls below $95 a barrel after parting ways with stocks amid ample … – Fox News


Independent Online
Oil price falls below $95 a barrel after parting ways with stocks amid ample
Fox News
BANGKOK – The price of oil fell below $95 a barrel Wednesday, parting ways with rising stock markets, as ample supplies keep buying appetite in check. Benchmark oil for July delivery was down 16 cents to $94.85 per barrel at midday Bangkok time in
Oil: Price rises above $95 a barrel, tracking stocksTulsa World
Oil price fallsIndependent Online
Oil price rises to near $97 per barrelLas Vegas Sun
The Republic –Arizona Daily Sun
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Railroad Commission gets last-minute reprieve – Houston Business Journal

Railroad Commission gets last-minute reprieve
Houston Business Journal
The Texas Legislature adjourned on Monday and then began a special session on redistricting, the drawing of electoral maps. The Railroad Commission regulates oil and gas in the state. Lawmakers passed a “catch-all bill” designed to continue state
Texas Railroad Commission gets four more yearsDallas Business Journal (blog)
Texas Railroad Commission gets 4-year reprieveAustin Business Journal (blog)
Railroad Commission avoids shutdownSan Antonio Express
Environmental Defense Fund (blog) –Akron Beacon Journal (blog) –Fort Worth Business Press
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Iran offers oilfield, pipeline to India for raising oil import – Economic Times


Economic Times
Iran offers oilfield, pipeline to India for raising oil import
Economic Times
"Both sides agreed to continue the cooperation in supply/ purchase of crude oil and resolve any outstanding issues of mutual interest," it said adding outstanding issues related to the development of Farzad B gas field will be discussed. Iran
Iran urges India to buy more Iranian oil, offers insurance for refineriesPlatts
Iran re-ignites oil trade with IndiaThe New Indian Express
Tehran, New Delhi reach agreements on oil tradeTehran Times
Livemint
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OPEC seen holding output with oil price above $100 – GMA News


Economic Times
OPEC seen holding output with oil price above $100
GMA News
Benchmark Brent oil prices, which stood at about $110 a barrel at the time of OPEC's previous meeting last December, plunged under $100 in April for the first time since mid-2012 on the back of global demand concerns, abundant US crude reserves and a
Oil prices rallyThe Nation
UAE Supports High Oil Prices and Believes Demand will Remain Weak in 2013OilPrice.com
African OPEC oil setbacks help prop up pricesEconomic Times
Tulsa World –Fox Business –Wall Street Journal
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