April 17, 2016 archive

Crude Oil Futures End Lower on Friday, Higher for Week

Oil futures settled lower on Friday but still finished the week with a gain, according to Bloomberg MarketWatch.
Prices briefly pared some of their earlier losses after Baker Hughes, Inc. reported that the number of active U.S. oil rigs fell by 3 to 3…

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OPEC Output Deal Fails in Qatar

The OPEC summit in Doha, Qatar ended without an agreement on Sunday, as leaders failed to strike a deal to freeze output and boost sagging crude prices, according to CNBC reports. The conference’s failure sent crude prices tumbling in early trading on …

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Nation’s Rig Count Drops While Oklahoma Holds Steady at 63

The nation lost three more drilling rigs in the past week while Oklahoma remained steady with a count of 63 according to the latest figures from Baker Hughes Co. of Houston, Texas.
The state’s count compares to 118 one year ago while nationally, the …

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Nation’s Rig Count Dops While Oklahoma Holds Steady at 63

The nation lost three more drilling rigs in the past week while Oklahoma remained steady with a count of 63 according to the latest figures from Baker Hughes Co. of Houston, Texas.
The state’s count compares to 118 one year ago while nationally, the …

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Chesapeake Settles More Fort Worth Lawsuits in Royalty Fight

Oklahoma City-based Chesapeake Energy has reached settlements in more of the trials scheduled in Fort Worth in legal fights over claims the company cheated thousands out of millions of dollars in natural gas royalties.
At least 22,000 plaintiffs had m…

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Oklahoma’s Rig Count Remains Steady While National Total Drops More

Oklahoma City-based Chesapeake Energy has reached settlements in more of the trials scheduled in Fort Worth in legal fights over claims the company cheated thousands out of millions of dollars in natural gas royalties.
At least 22,000 plaintiffs had m…

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