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News Briefs: Army Corps of Engineers Denies Permit for Dakota Access Pipeline Segment
The Army Corps of Engineers denied a permit for the construction of a key section of the Dakota Access Pipeline, granting a major victory to protestors who have been demonstrating for…
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News Briefs: Rig Count Finally Goes Up
The number of rigs searching for oil and natural gas in the U.S. increased by four last week for the first time in eight months to 408, according to oilfield services company Baker…
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News Briefs: OPEC Ends Meeting Without Agreement
Some of the world’s largest oil producing countries ended talks late April 17 without an agreement on whether to cap production, amid tensions between Iran and Saudi Arabia.
Members…
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News Briefs: Justice Department Files Suit Against Halliburton, Baker Hughes Merger
The Justice Department filed a lawsuit on April 6 to stop Halliburton Co. from acquiring oilfield services rival Baker Hughes Inc., saying the deal would eliminate head-to-head…
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News Briefs: Oilfield Services Company CEO Predicts OPEC Family Feud
The CEO of one of the largest private oilfield service companies in America doesn’t expect OPEC leaders to reduce oil production as a result of their meeting in Vienna this week.
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News Briefs: OPEC Won’t Prop Up Price of Crude
Prices of oil could dip again this week after statements from the Organization of Petroleum Exporting Countries (OPEC).
On Sunday, OPEC said that it would not prop up the price of…
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News Briefs: OPEC Retains Production Levels
The Organization of Petroleum Exporting Countries (OPEC) said Nov. 27 that it will not cut production levels to stop the collapse in oil prices, which have fallen 40 percent since June.…
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Guest Blog: Oil Prices in the Danger Zone? Not Yet
Crude oil prices are dropping. One CEO explains what that means for his company.