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Iran sees $55 per barrel as a suitable price for crude oil

oil price

“The price range of $55 per barrel would be suitable for oil,” Zanganeh said, according to the oil ministry’s news website SHANA. “I think non-OPEC oil producers will also second (an) extension of the plan,” said Zanganeh, speaking on the sidelines of an energy fair in Tehran. REUTERS/Raheb Homavandi/File PhotoDUBAI …

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oil prices up more than 50% since early 2015

The results reflected the slowly improving dynamics for the company as well as the global energy industry, with oil prices up more than 50% since early 2015. ExxonMobil Corp. (NYSE: XOM), the world’s largest publicly traded oil producer, posted a better-than-expected quarterly profit on April 28, helped by rising crude …

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The total oil US rigs count now stands at 857, or 426

In it you’ll receive profitable Stocks & Intel that no one else has… Long before it becomes widely known. Get the same energy intel that international governments, major oil companies, hedge funds and investment bankers do from our 400 global on-the-ground assets… as informed in Oil Prices Fall Further As …

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U.S. crude futures ended at $49.62 a barrel, down 2.2 percent

U.S. crude futures ended at $49.62 a barrel, down 2.2 percent picture-12494-310x165

But oil prices have waned whenever supply worries re-emerge. Saudi Arabia’s energy minister Khalid al-Falih, speaking at a conference in Abu Dhabi, suggested there are behind the scenes negotiations among oil producers ahead of OPEC’s May meeting, according to the Wall Street Journal. There was a misperception out there that …

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Angola may faced low oil prices and declining production

Angola may faced low oil prices and declining production picture-12466-310x165

At current oil prices, total U.S. crude oil production is expected to rise this year compared to last year, but it will be driven by the Permian down in West Texas. That’s because less oil means slower-moving oil, and slower-flowing oil means colder oil. Pipeline operator Alyeska is adding heat …

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