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Saudi Spot Oil Deal In China Seen By Citi A 'Dramatic' Shift
Tuesday, April 26, 2016 - The world's biggest crude exporter, Saudi Arabia, breaks from its usual practice of selling via long-term contracts, according to Citigroup.
Oil's Magic Number Becomes $50 a Barrel for Promise of Recovery
Wednesday, April 27, 2016 - BP, Nabors Industries and Pioneer Natural Resources all say that prices above $50 will encourage more drilling or provide the needed boost to cash flow.
Top Oil Service Firms Mull North America Retreat As Losses Mount
Thursday, April 28, 2016 - Two of the three largest oil rig operators and frackers are considering pulling back from the North American market as losses mount.
Crude Prices Jump 3% On Gasoline Rally, Weak Dollar
Tuesday, April 26, 2016 - Crude oil prices rise about 3% on the back of a rally in the gasoline market.
ONGC Plans to Drill 17 Exploration Wells in India's Shale Oil, Gas Blocks
Tuesday, April 26, 2016 - ONGC intends to drill up to 17 shale oil and gas exploration wells in India for around $105 million.
COLUMN: UK's Abandonment of EU Could Have Dramatic Impact on Oil, Gas
Monday, April 25, 2016 - The debate on whether the UK should leave the European Union reveals profound risk and potential reward for the oil and gas industry.
Less Than 5% Of Saudi Aramco To Be Sold
Monday, April 25, 2016 - Saudi Arabia plans to sell less than 5% of its state oil company Saudi Aramco through an IPO, Deputy Crown Prince Mohammed bin Salman says.
Fatal Helicopter Crash Offshore Norway, 13 On Board
Friday, April 29, 2016 - Statoil confirms that a helicopter carrying its crew from the Gullfaks B oil platform has crashed while en route to the Bergen airport.
Kemp: Rising Oil Prices Throw Lifeline to Shale Producers
Thursday, April 28, 2016 - Brent prices for 2017 ended trading above $50 per barrel on Wednesday for the first time since mid-December following the largest and most sustained rally in prices since the oil slump started.
Baker Hughes Expects US Rig Count To Stabilize Later In 2016
Wednesday, April 27, 2016 - Baker Hughes expects US rig count to begin stabilizing in the second half of 2016, while the rig count globally will drop steadily through the end of the year due to fewer new projects.


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