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+18 +1
BP Oil Spill Left a "Bathtub Ring" the Size of Rhode Island, Study Says
BP has already questioned the results of the new study.
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+3 +1
Oil price will fall to $70 US a barrel in 2015, Goldman Sachs says
One of the world's leading investment banks says the price of the North American oil benchmark is going to fall even further, to $70 US a barrel by next spring.
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+17 +1
GARTMAN: We're Witnessing The End Of The Oil Era
Dennis Gartman has a new forecast for oil: a lot lower. In an appearance on CNBC's Fast Money on Monday, Gartman, publisher of the Gartman Newsletter, said that crude oil prices will fall demonstrably from current levels. Earlier on Monday, it had been reported that Gartman saw crude oil going to $10 a barrel, but he backed a bit off that claim in his appearance on Monday, saying that maybe next time he ought to be a bit more circumspect when he talks to CNBC's producers.
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+2 +1
Scientists Discover Huge ‘Bathtub Ring’ Of Oil On Sea Floor From BP Spill
Scientists have discovered yet another unforeseen effect of BP's historic oil spill in the Gulf of Mexico.
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+23 +1
Russia warns it's coming for the Arctic's oil, including an area Canada claims as its own
Russia has warned that it will revive its claim to a huge swathe of the Arctic in the hope that it can secure the rights to billions of tons of oil and gas. Moscow has long seen the seabed off its northern coastline as a mine of valuable hydrocarbons and is keen to fend off rival bids for control over the region’s resources.
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+20 +1
Gas falling under $3 nationwide: What to know
The sight is so surprising that Americans are sharing photos of it, along with all those cute Halloween costumes, sweeping vistas and special meals: The gas station sign, with a price of $2-something a gallon.
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+14 +1
ISIS seeking manager's to run their oil refineries, with a salary of $200,000 a year
ISIS is seeking manager's to run its oil refineries as the militant group controls as many as 20 oilfields in both Syria and Iraq.
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+21 +1
ISIS advertises position for new oil refinery manager on salary of $225,000
Baghdad (IraqiNews.com) On Sunday the so-called Islamic State of Iraq and Syria (ISIS) advertised a job offer within the oil industry. Several media sources reported that the group is experiencing problems managing oil fields captured in both Iraq and Syria, and therefore is looking for a new oil refinery manager on a salary of $225,000 a year.
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+17 +1
Gas at $3 a gallon can't last
Plunging oil prices may cause a long term problems and hamper the U.S. shale oil boom, the International Energy Agency warned.
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+20 +1
Green Energy Sector Jobs Surpass Total Oil Sands Employment
Canada’s green energy sector has grown so quickly and has become such an important part of the economy that it now employs more people than the oil sands.
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+16 +1
Brent Falls Close to $69 After Saudi Price Cut
Brent crude fell close to $69 a barrel on Friday, putting it on track for a second weekly decline, as cuts to official selling prices from Saudi Arabia reverberated across the market.
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+19 +1
Oil Company Agrees To Pay $7M Over 800,000-Gallon Tar Sands Pipeline Spill
The lawsuit was brought by thousands of plaintiffs who claimed they were subject to toxic fumes, noise, and general degradation of life following the spill, which saw more than 800,000-gallons of thick Canadian tar sands crude oil flow out of a ruptured pipeline and into Michigan’s Kalamazoo River.
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+9 +1
Bank of America sees $50 oil as Opec dies
The Opec oil cartel no longer exists in any meaningful sense and crude prices will slump to $50 a barrel over the coming months as market forces shake out the weakest producers, Bank of America has warned. Revolutionary changes sweeping the world’s energy industry will drive down the price of liquefied natural gas (LNG), creating a “multi-year” glut and a much cheaper source of gas for Europe.
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+16 +1
Oil prices likely to rebound in second half of 2015: Reuters poll
Crude oil prices are likely to bottom out in the first half of 2015, until a possible slowdown in U.S. shale production counters a supply glut exacerbated by OPEC's decision not to cut output.
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+13 +1
I Don't Care If Prices Crash To $20 — We're Not Budging
Saudi Arabia convinced its fellow OPEC members that it was not in the group's interest to cut oil output however far prices may fall, the kingdom's oil minister Ali al-Naimi said in an interview with the Middle East Economic Survey. OPEC met Nov. 27 and declined to cut production despite a slide in prices, marking a shift in strategy toward defending market share rather than supporting prices.
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+11 +1
Ship collision causes 33,000 barrel oil spill off Singapore
An oil tanker and a bulk carrier collided off Singapore on Friday, causing a crude oil spill, the Maritime and Port Authority (MPA) said. The Libyan-registered oil tanker Alyarmouk collided with the Singapore-registered bulk carrier Sinar Kapuas about 11 nautical miles north-east of Pedra Branca, east of Singapore. "Alyarmouk reported that one of her cargo tanks sustained damage, resulting in some spillage of crude oil," the MPA said in a statement.
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+16 +1
High Noon on the Gulf Coast: Canada, Saudi oil set for showdown
As a test of wills between OPEC nations and U.S. shale drillers fuels a global oil market slump, a brewing battle between Canadian and Saudi Arabia heavy crudes for America's Gulf Coast refinery
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+13 +1
Saudi prince: $100-a-barrel oil 'never' again
Saudi billionaire businessman Prince Alwaleed bin Talal told me we will not see $100-a-barrel oil again. The plunge in oil prices has been one of the biggest stories of the year. And while cheap gasoline is good for consumers, the negative impact of a 50% decline in oil has been wide and deep, especially for major oil producers such as Saudi Arabia and Russia. Even oil-producing Texas has felt a hit. The astute investor and prince of the Saudi royal...
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+15 +1
BP bid to reduce spill fine rejected
BP has lost its bid to reduce the maximum civil fine of $13.7bn (£8.9bn) it could face for its role in the 2010 Gulf of Mexico oil spill. A US judge rejected BP's appeal to pay a cap of $3,000 per barrel under the country's Clean Water Act. Government prosecutors claim the firm is liable to pay $4,300 per barrel spilled to account for inflation. The court has yet to decide the amount of responsibility and final penalty the firm will pay for the disaster.
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+16 +1
Amid Controversy, Oil Trains Quietly Rerouted Through Virginia Towns
Hundreds of communities across the United States have become accustomed to the sight of mile-long oil trains rumbling by in recent years. Pembroke, Virginia, was not one of them, until now.
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