China's CNPC Considering Oilfield Services IPO Amid Reform Drive – Rigzone


Oil & Gas 360
China’s CNPC Considering Oilfield Services IPO Amid Reform Drive
Rigzone
(Bloomberg) — China National Petroleum Corp., the country’s biggest oil and gas producer, plans to spin off its oilfield-services business, according to Chairman Wang Yilin. CNPC is considering an initial public offering of the oilfield services
China’s CNPC Plans to Spin Off its Oilfield Service Sector with IPOOil & Gas 360
China’s CNPC considering oilfield services IPOSeeking Alpha

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Why shale could help to rebalance oil market – CNBC


CNBC
Why shale could help to rebalance oil market
CNBC
Shale oil could help rebalance global commodity prices as the sector looks to shrug off a tough couple of years, the chief executive of one the industry’s leading services companies has told CNBC. “The market will come back but the big challenge we all
As Saudi Arabia Refuses to Cut Production, Sliding Oil Prices Take Toll on US StocksteleSUR English
Saudi Oil Minister: Production Cut ‘is Not Going to Happen’Foreign Policy (blog)
Oil drops 4 percent after Saudi oil minister rules out production cutsYahoo Finance UK
StreetInsider.com –Yahoo! Maktoob News –TheStreet.com
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Scientists will investigate whether oil field injections contributed to quake near Wasco – The Bakersfield Californian


The Bakersfield Californian
Scientists will investigate whether oil field injections contributed to quake near Wasco
The Bakersfield Californian
Scientists hired by the state to examine possible links between oil field injections and earthquakes will investigate whether such work contributed to Tuesday’s magnitude-4.8 temblor near Wasco, even as California’s top geologist ruled out any such …

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Turnaround: Stocks end up after midday reversal – USA TODAY


Reuters
Turnaround: Stocks end up after midday reversal
USA TODAY
Stocks pulled out of an early slide and closed higher Wednesday as the market math equation that has dominated Wall Street for most of 2016 came back in play: The direction of oil prices determines the direction of stocks. The Dow Jones industrial
Oil rebound buoys Wall St; bonds, gold erase gainsReuters
Wall Street rebounds as oil price risesThe Australian (subscription)
Oil Prices Rise, Leading Broad Rally for MarketNew York Times
CBS News –Los Angeles Times –The Missoulian
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Here's Why Oil Prices Fell Again Wednesday – Fortune


Fortune
Here’s Why Oil Prices Fell Again Wednesday
Fortune
“Al-Naimi’s remarks punctured an oilprice rally that has lacked substance,” said David Hufton of broker PVM. “The market correctly interpreted the presentation as bearish.” Brent crude was down 76 cents at $32.51 a barrel at 4:38 a.m. EST. U.S. crude
Glut Worsens as U.S. Oil Storage Levels Rise AgainOilPrice.com
Oil price retreat weighs on stock indicesFinancial Times
Oil price climbs as US demand outpaces supplyCity A.M.
CNBC –MarketPulse (blog) –International Business Times
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Crude Oil Price Ticks Higher of Smaller-Than-Expected Inventory Increase – 24/7 Wall St.


24/7 Wall St.
Crude Oil Price Ticks Higher of Smaller-Than-Expected Inventory Increase
24/7 Wall St.
Crude oil prices have now fallen from near $34 a barrel at one point last Thursday to trade at around $30.50 a barrel early Wednesday morning. The decline came as investors and traders came to understand that a so-called production freeze is not the
US oil ekes out gains, closes at $32.15 a barrelCNBC
Oil prices end higher as US output falls, gasoline demand climbsMarketWatch
USD/CAD – Loonie Follows Oil Price SurgeMarketPulse (blog)
Reuters –The Star Online
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Saudi oil minister faces struggling Texas oilmen – Marketplace.org


Reuters
Saudi oil minister faces struggling Texas oilmen
Marketplace.org
Over the past decade, oil and natural-gas production boomed from Texas to North Dakota to Pennsylvania, as new shale fields were discovered and new hydraulic “fracking” techniques made it cost-effective to explore for, and pump, new domestic fossil
All eyes will be on Saudis at Texas oil meetingMinneapolis Star Tribune
Saudi oil minister to face rival US producers as price rout bitesReuters
Saudi Arabia dishes out ‘harsh’ economics lesson to U.S. oil producersSan Antonio Express-News (subscription)
USA TODAY –Ship & Bunker –FuelFix (blog)
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Is Texas oil infrastructure vulnerable to a terrorist attack? – Austin American-Statesman (blog)


Austin American-Statesman (blog)
Is Texas oil infrastructure vulnerable to a terrorist attack?
Austin American-Statesman (blog)
“Gary Gates knows that what makes Texas great also makes us vulnerable: As America’s oil and natural gas leader Texas is crucial to the nation’s economy and security.” The ad continues: Gates “thinks we need to secure the border, wipe out terrorists

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Oil price retreat weighs on stock indices – Financial Times


Financial Times
Oil price retreat weighs on stock indices
Financial Times
A fresh retreat for oil prices weighed on global equity indices but helped fuel demand for “haven” assets as the markets digested comments from Ali al-Naimi, Saudi Arabia’s oil minister. The mood was not helped by news that China’s central bank had …
This Is What Will Cause A Lasting Oil Price RallyOilPrice.com
Oil Price Drops After OPEC-Russia Agreement Will Not Reduce ProductionMarketPulse (blog)
U.S. shale under siege from super-low oil pricesCNBC
Financial Post –Wall Street Journal –Fox Business
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It's The Energy, Stupid: How Low Oil Prices Could Reshape Geopolitics – And Drive Peace In Asia – Forbes


Forbes
It’s The Energy, Stupid: How Low Oil Prices Could Reshape Geopolitics – And Drive Peace In Asia
Forbes
On 22 February, the US crude futures price rose $1.84 to $31.84 a barrel, a 6% increase. The reason: the International Energy Agency (IEA) forecast that US shale oil output could drop by 600,000 barrels per day (bpd) in 2016 and by another 200,000 bpd …
Rudderless OPEC Doesn’t Know How To Respond To U.S. ShaleOilPrice.com
IEA warns consumers of spike in oil pricesBBC News
Why the WTI Crude Oil Price Is Up TodayMoney Morning
Arkansas Online –Reuters –ABC News
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Asia closes lower, Shanghai down 0.8%, ASX off 0.4% – CNBC


CNBC
Asia closes lower, Shanghai down 0.8%, ASX off 0.4%
CNBC
But overnight, oil prices rose again; U.S. crude futures for March delivery, which expired Monday after the close, settled up 6.21 percent. Global benchmark Brent also fell 1.47 percent to $34.18 a barrel, after gaining 5.3 percent in overnight trade
Nikkei falls to 1-week low on renewed oil price dropReuters
Tokyo stocks open lower on strong yen, oil price retreatNikkei Asian Review
Asia shares mixed on Tuesday despite higher oil pricesBBC News

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