The bottom is in for oil prices: 'A lot of people are throwing in the towel.' – Business Insider


Business Insider
The bottom is in for oil prices: ‘A lot of people are throwing in the towel.’
Business Insider
Traders think the decline in oil prices is over. A report from Bloomberg News on Sunday said that traders have pulled their bets that oil prices will fall further at the “fastest pace on record,” according to data from the Commodity Futures Trading
CHARTS: The bottom is in for oil pricesBusiness Insider Australia

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Oil price drop triggers wave of profit warnings – Telegraph.co.uk


Telegraph.co.uk
Oil price drop triggers wave of profit warnings
Telegraph.co.uk
While prices have recovered to just above $65 a barrel, the decline has forced some of the UK’s biggest companies to issue profit warnings. Rolls-Royce, the FTSE 100 engineer, said in February that the near-halving in oil prices had created “increased …
Profit warnings from mid-cap companies on the riseFinancial Times

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Oil-Fund Outflows Bode Ill for Prices – Wall Street Journal


Wall Street Journal
Oil-Fund Outflows Bode Ill for Prices
Wall Street Journal
A renewed drop in oil prices could inject fresh uncertainty into global markets. Last year’s plunge upended economic forecasts, government budgets and corporate earnings as oil producers struggled to stay afloat and consumers pocketed fuel savings.
How Much Does OPEC Really Earn?OilPrice.com
Oil Bears Routed by Spring Thaw in Prices as Drill Rigs Sit IdleBloomberg
Why the US won’t have OPEC to kick around in 2016CNBC
The Star Online –Petroleumworld.com
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Oil price war may benefit both US Shale and Saudi Arabia – MercoPress


MercoPress
Oil price war may benefit both US Shale and Saudi Arabia
MercoPress
Even as financial commentators on CNBC are starting to come around to the idea of a bottom in oil prices, the key question for US oil producers remains one of timing. How long will the oil price slump last? Is this a relatively short term event like
This Week In Energy: Are We Experiencing A False Dawn For Oil Prices?OilPrice.com
Bulls are backing oil price breakthroughCNBC
Hedge funds bet big on oil price rallyFinancial Times
24/7 Wall St. –Smarter Analyst
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April oil price gains confound predictions – but volatility ahead – The National


The National
April oil price gains confound predictions – but volatility ahead
The National
The strength of oil prices in April has confounded many predictions – and industry experts are forecasting price volatility ahead amid a stuttering demand recovery and unpredictable reactions from oil producers. The world benchmark North Sea Brent
Oil, Gas, Power, Prices: Big Themes From Energy MeetingABC News
Hedge funds bet most since July on US oil price riseReuters
No end in sight for roller coaster oil price rideAlbuquerque Journal
The Globe and Mail –Latin American Herald Tribune –DAWN.com
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Texas Orders Two Oil Firms to Prove Well Isn't Causing Earthquakes – Wall Street Journal


Fort Worth Star Telegram
Texas Orders Two Oil Firms to Prove Well Isn’t Causing Earthquakes
Wall Street Journal
On Friday the Texas Railroad Commission, which regulates the state’s oil and gas industry, told officials at both companies that they need to appear at hearings scheduled for June to justify why their wells shouldn’t be shut down. Azle, 17 miles
Earthquake findings reverberate through industryFort Worth Business Press
Texas Officials May Nix Oil Well Permits Over Quake FearsLaw360 (subscription)
Study links Texas quakes to frackingPeople’s World
Natural Gas Intelligence –Dallas Morning News –Fort Worth Star Telegram
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Drilling down: Texas job numbers tank as oil price, rig counts fall – Dallas Business Journal (blog)


Dallas Business Journal (blog)
Drilling down: Texas job numbers tank as oil price, rig counts fall
Dallas Business Journal (blog)
The U.S. rig count has fallen by about 55 percent since the October 2014 peak of 1,609 active U.S. oil rigs. By state, Texas led the weekly decline in total rig count, dropping 15 to 412. Over the past six months, the world’s three largest oilfield
U.S. producers idle 31 more oil rigsFuelFix (blog)
US oil and natural gas rig count drops by 22 to 932; down 19 in TexasFox Business
Texas Rig Count Proves Again: The Bigger They Are…Natural Gas Intelligence
The Australian Financial Review
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The US's largest oil field didn't even rank six years ago – MarketWatch


MarketWatch
The US’s largest oil field didn’t even rank six years ago
MarketWatch
Eagleville, in South Texas’ Eagle Ford, has dethroned Alaska’s Prudhoe Bay as the top U.S. oil field based on proved reserves, the Energy Information Administration said Friday. Prudhoe Bay’s oil field in northern Alaska had previously held that spot
EIA report highlights top 100 US oil and natural gas fieldsOilOnline
Top 100 U.S. Oil and Gas FieldsThe Maritime Executive
Key Developments In Canadian Private M&A Law For The Oil And Gas Industry Mondaq News Alerts (registration)

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Officials still searching for missing oilfield igniter – Odessa American


Odessa American
Officials still searching for missing oilfield igniter
Odessa American
“An oilfield igniter is used in wireline and perforating operations at oil and gas well sites,” Mir explained via email Thursday evening. “It is classified as an explosive device but is a tool that provides a small charge equivalent to a large
Halliburton Releases Statement on Missing ExplosivesNewsWest9.com

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Norway's Giant Sverdrup Oil Field Could Face Delay, Cost Overrun – Rigzone


Nasdaq
Norway’s Giant Sverdrup Oil Field Could Face Delay, Cost Overrun
Rigzone
OSLO, April 24 (Reuters) – The start of Norway’s 2.3 billion barrel Johan Sverdrup oil field may be delayed and costs could exceed forecasts but the project could break even at about half of the current oil price, authorities said on Friday. The
Norway looks set to approve giant Johan Sverdrup oil field (STO)Seeking Alpha
Norway’s giant Sverdrup oil field could face 6 month delay – oil directorateReuters Africa
Norway to Approve Giant Statoil FieldNasdaq

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Russia's Only Offshore Arctic Oil Field to Double Output This Year – The Moscow Times


The Moscow Times
Russia’s Only Offshore Arctic Oil Field to Double Output This Year
The Moscow Times
Gazprom Neft, the oil arm of Russia’s top natural gas producer Gazprom, plans to more than double oil output this year at the Prirazlomnoye field, Russia’s sole Arctic offshore oil project, the company said Friday. Last year, oil production at the
UPDATE 1-Russia’s sole offshore Arctic field to double oil output in 2015Reuters

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This Week In Energy: Are We Experiencing A False Dawn For Oil Prices? – OilPrice.com


Nasdaq
This Week In Energy: Are We Experiencing A False Dawn For Oil Prices?
OilPrice.com
Oil prices continue to show some strength, closing out the week near their highest levels for 2015. The EIA reported another slight decline in oil production in the United States, the third decline in four weeks. For the week ending on April 17, the U
Saudi Oil Price War Is To Crush The Dumb Money in ShaleSmarter Analyst
Former BP Chief Sees Oil Price Rebound SoonNasdaq
Salman Fishing in the Yemen: Saudi Arabia and Russia deal to stabilize oil priceAsia Times Online
Huffington Post –Canada Free Press
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Former BP Chief Sees Oil Price Rebound Soon – OilPrice.com


Wall Street Journal (blog)
Former BP Chief Sees Oil Price Rebound Soon
OilPrice.com
BP’s former CEO Tony Hayward agrees with OPEC that its strategy of maintaining the oil glut and thereby helping to drive down prices will quickly crush the US shale boom and that oil prices will rally sooner than many people expect. Hayward, one of 42 …
Could The Oil Market Be In For A Quick Rebound?Wall Street Journal (blog)
Former BP chief says oil prices set to soarFinancial Times
Genel CEO sees low oil price spurring mergers in KurdistanReuters
Press TV –Nasdaq –World Finance
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Will Texas ever change Railroad Commission name? – Midland Reporter-Telegram


Midland Reporter-Telegram
Will Texas ever change Railroad Commission name?
Midland Reporter-Telegram
In 2011 the Texas Pipeline Association and the Texas Railroad Commission sued the Federal Energy Regulatory Commission over a rule that would require natural gas pipelines running across state borders to post online certain data on their activities
Rep. Lamar Smith, Railroad Commission’s Christi Craddick defend fracking safetyDallas Morning News (blog)
Texas official tackles fracking bans in nation’s capitolEagleFordTexas.com (press release)
Christi Craddick lectures at Texas Tech University Energy Law Lecture SeriesPleasanton Express

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Railroad Commission: Texas Crude In Decline, Gas Inches Up – OilPrice.com


OilPrice.com
Railroad Commission: Texas Crude In Decline, Gas Inches Up
OilPrice.com
It looks like, after the final Texas data comes in, that February crude oil will be above January production but still below December production. It is my best guess that Texas production will be down about 80,000 barrels per day in January and up
Texas Railroad Commission again threatened with name change, to Texas Austin American-Statesman (blog)
Video: Texas Railroad Commission Chairwoman Christi Craddick Visits LubbockEverythingLubbock.com
Railroad Commission bill works to clarify drilling controlMYfoxLUBBOCK.COM

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Hedge funds bet big on oil price rally – Financial Times


Wall Street Journal
Hedge funds bet big on oil price rally
Financial Times
Hedge funds have placed one of their largest ever bets on a rally in oil prices, just as evidence mounts that energy companies are hunkering down for a delayed recovery. Exchange data show hedge funds and other large speculators have accumulated a …
Oil Prices Rise as Oversupply Concerns EaseWall Street Journal
Hedge funds can’t decide oil’s price trajectorygulfnews.com
Oil Price Comeback: Hedge fund managers bet on rising oil pricesPulse Nigeria
The Australian –Channel News Asia
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Oil Prices Won't Recover Anytime Soon Says Exxon CEO – OilPrice.com


OilPrice.com
Oil Prices Won’t Recover Anytime Soon Says Exxon CEO
OilPrice.com
There is mounting evidence that oil prices are poised to rebound from a historic bust. Rig counts hit new lows each week. For the week ending on April 17, Baker Hughes says the U.S. lost an additional 34 oil and gas rigs, bringing the total down to 954.
CERAWEEK-As drillers hunker down, Wall St sees quicker oil price bounceReuters
The low oil price CEOs think will last for yearsCNBC
Big Oil’s Latest Fear: A Price Shock After Spending CutsBloomberg
The Australian Financial Review
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Crude Oil Price Bounces Higher on Lower Gasoline Supplies – 24/7 Wall St.


24/7 Wall St.
Crude Oil Price Bounces Higher on Lower Gasoline Supplies
24/7 Wall St.
Crude oil for June delivery had slipped from a low of around $59 a barrel last Thursday to a low of around $55.75 a barrel early Wednesday morning. The price of crude turned higher later in the morning and the reported rise in the crude inventory was
Oil Price War May Benefit Both US Shale And Saudi ArabiaOilPrice.com
Midweek Sector Update: Oil Price Rally Has Markets UneasyNasdaq
Oil Prices Fall as Saudi-Led Military Operation Ends in YemenWall Street Journal
The Australian –Financial Times –Xinhua
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Could The Oil Market Be In For A Quick Rebound? – Wall Street Journal (blog)


Wall Street Journal (blog)
Could The Oil Market Be In For A Quick Rebound?
Wall Street Journal (blog)
A global oil glut led to the slump in oil prices over the last year. Yet some in the industry believe the turnaround could come much quicker than markets expect. Glencore chairman and Genel CEO Tony Hayward is particularly bullish. Though he thinks the …
Former BP chief says oil prices set to soarFinancial Times
Latest from IranPress TV
Genel CEO sees low oil price spurring mergers in KurdistanReuters
Nasdaq –Economic Times –Reuters UK
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Earthquakes and the ever-dissolving credibility of the Texas Railroad Commission – Dallas Morning News (blog)


Dallas Morning News (blog)
Earthquakes and the ever-dissolving credibility of the Texas Railroad Commission
Dallas Morning News (blog)
We live in Texas. The regulator, better known as the Texas Railroad Commission, has long been laughably in the pocket of the oil and gas industry. It’s mission statement that it is a steward of natural resources and the environment is an oldie but a goody.
Study: Gas Activities “Most Likely” Caused Texas QuakesTexas Tribune
Study says oil, gas operations most likely cause of Texas quakesGreeley Tribune
Small north Texas quakes likely linked to oil, gas operations – studyReuters
Grand Forks Herald –ABC News
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Oil States See Slumping Employment as Texas Loses 25000 Jobs in March – Wall Street Journal (blog)


Wall Street Journal (blog)
Oil States See Slumping Employment as Texas Loses 25000 Jobs in March
Wall Street Journal (blog)
While the U.S. economy continued to add jobs last month, states that rely heavily on the oil industry experienced significant cuts. Job losses hit particularly hard in Texas (down 25,400 jobs) and Oklahoma (down 12,900), leading the nation in losses.
Turn of the tables: Texas led nation in job losses in MarchDallas Morning News (blog)
Oil Jobs Holding SteadyKAUZ-TV

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