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Tag Archives: Oil markets

Crude oil: Are we seeing a short term low?

oil barrel, market quick take, crude oil market

Today’s Market Quick take from Eugene Graner at Heartland Investor Services gives us a quick 4 1/2 minute update on the crude oil markets and short term outlook. Inside this 4 ½ minute video, he shows how oil might bounce from some support before the second shoe drops. Today’s low of $47.70 shows a price decline, despite a projection that EIA data ...

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Energy Recovery CEO talks innovation, oil markets (VIDEO)

Energy Recovery CEO talks innovation, oil markets (VIDEO)

Joel Gay, president and CEO of Energy Recovery, spoke about navigating the rocky oil market with Yahoo! Finance on Friday. Energy Recovery’s products, including the Vorteq hydraulic pumping system, allow oil and gas operators to reduce inefficiencies and increase profits. The Vorteq system is designed to isolate hydraulic fracturing pumps from abrasive proppants that cause pump failure. Last year, Schlumberger ...

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Russia: No firm plans to coordinate oil output with OPEC

Russia: No firm plans to coordinate oil output with OPEC

MOSCOW (AP) — The Kremlin says there are no concrete plans to cut oil output in coordination with major producers Saudi Arabia and OPEC. Spokesman Dmitry Peskov told reporters on Thursday that Russia is “actively discussing the instability of oil markets,” with Saudi Arabia and OPEC, but, as of yet, there are no conclusions from the talks. On Wednesday, the ...

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Hedge funds turn very bearish on U.S. crude: Kemp

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(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Hedge funds and other money managers had amassed short positions in U.S. crude oil amounting to 154 million barrels by last Tuesday according to data from the U.S. Commodity Futures Trading Commission (CFTC). Short positions have increased more than 70 percent since the middle of ...

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Oil providers ask Venezuela’s PDVSA for cargo prepayments -sources

A worker collects crude oil sample at an oil well operated by Venezuela's state oil company PDVSA in Morichal July 28, 2011. REUTERS/Carlos Garcia Rawlins

HOUSTON – Big oil suppliers have started requiring prepayment when selling cargoes of crude and refined products to Venezuela’s PDVSA, in an effort to limit potential risks from the state-run company’s well-known cashflow woes, five sources from firms involved in the deals told Reuters. One international trading firm, which has had strong commercial ties with PDVSA, has decided to limit ...

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Gates Foundation cuts fossil fuel investments — but why?

Gates Foundation Campus in Seattle, Washington. (Image: Lester Public Library via Flickr)

Almost every day for the past several months, protesters gathered outside the Bill & Melinda Gates Foundation’s Seattle headquarters, exhorting the world’s richest philanthropy to fight climate change by pulling its investments from fossil-fuel companies. As usual when it comes to questions about its portfolio, the foundation responded with silence. But tax documents posted Monday show that the foundation has ...

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