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News
US oil production
US oil production News
Oil prices
02 Jan 2018
Oil hits highest since mid-2015, then dips
It was the first time since January 2014 that the two crude oil benchmarks opened the year above $60 per barrel, buoyed by large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia.
Oil prices
12 Dec 2017
Oil tops $65, first time since 2015, on UK pipeline outage
Oil also gained support from expectations the latest reports on US inventories will show a further tightening of supplies.
Oil prices
07 Dec 2017
Oil bounces back from losses prompted by US fuel stocks
Data from the Energy Information Administration (EIA) on Wednesday showed that US crude oil inventories fell by 5.6 million barrels in the week to December 1, to 448.1 million barrels, putting stocks below seasonal levels in 2015 and 2016.
Oil prices
29 Nov 2017
Oil falls on uncertainty over OPEC deal, rise in US inventories
Brent crude futures were down 34 cents on the day at $63.27 a barrel, while US light crude fell 31 cents to $57.68 a barrel.
Oil prices
13 Nov 2017
Oil steady near two-year highs, US supply increase caps rise
Middle East tensions have supported the market, despite concerns that output could rise further.
Oil prices
10 Oct 2017
Oil prices stable as OPEC says market is rebalancing
Traders said that oil prices were supported as the Organization of the Petroleum Exporting Countries (OPEC) said oil markets were rebalancing fast after years of oversupply.
Oil prices
04 Oct 2017
US oil dips below $50 per barrel over doubts recent rally will last
Traders said the drops came over concerns that a third-quarter market rally that had lifted Brent to mid-2015 highs by late September had been overdone.
Oil price
24 May 2017
Oil prices rise as market expects extended production cut
Oil prices rose on Wednesday, supported by confidence that an OPEC-led output cut aimed at tightening supply would be extended to all of 2017 and the first quarter of next year.
Citgo Petroleum Corp
05 Nov 2014
Citgo auction proceeds even after Venezuelan minister says cancelled
At least three oil companies are still actively bidding for Citgo Petroleum Corp, the U.S. refining arm of Venezuela`s PDVSA, even after the country`s finance minister said that the auction was no longer going ahead, according to three people familiar with the situation.
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