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Oil fell by about $10 in July as the U.S. dollar was strong, supplies were high, and the Chinese stock market was down. Near the end of the month, Brent crude reached $53.31, close to the lowest in six months, while U.S. crude, at $48.52, was close to a four-month low, [ 55 ] and gas was $2.69. [ 56 ]
Large build in stock in late 2014 Crude oil production in the United States increased from about 6 million barrels of oil a day in 2011 to almost 10 million barrels of oil a day in late 2014 The 2010s oil glut was a significant surplus of crude oil that started in 2014–2015 and accelerated in 2016, with multiple causes.
Tankers supplied 31 percent of the oil arriving at US refineries in 2014, down from 48 percent in 2005; the decline reflects decreased oil imports since 2005. For shorter-distance water transport, oil is shipped by barge, which accounted for 5.7 percent of oil arriving at refineries in 2014, up from 2.9 percent in 2005.
Over the past few years a glut of oil has built up at Cushing, Oklahoma, which has depressed West Texas Intermediate, or WTI, oil prices. Midstream companies saw a major opportunity open up in ...
As ever when looking at oil services stocks like Halliburton and Baker Hughes , your long-term outlook will be defined by your view on the future of oil prices. While this rule still applies ...
EOG Resources Inc is one of the top oil stocks in America. It has a top-tier position in the Eagle Ford Shale to go along with solid positions in both the Bakken Shale and Permian Basin. Because ...
Total revenue of oil and gas companies is listed in billions of U.S. dollars. Total revenue is usually self-reported by the company, and often reported by neutral, unbiased, reliable publications. Reported data may be subsequently revised or restated due to a wide range of issues such as exchange rates, contract settlements, or mid-year ...
America's oil boom is being fueled by production growth out of three key basins. While the easy money is gone, as this growth fueled remarkable gains in some stocks, there are still a few ...