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WTI Hits $52 Handle As US Rig Count Tumbles To 8-Month Lows | Zero Hedge

WTI Hits $52 Handle As US Rig Count Tumbles To 8-Month Lows | Zero Hedge. Just as T. Boone Pickens warned “watch the rig counts” last week, so the Baker Hughes rig countjust collapsed for the 3rd week in a row to 8-month lows. This is the fastest 3-week drop since mid-2009. Crude prices were already […]

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Oil Price Collapse Ricochets Around the World, Hits US Drillers, the Ruble … and Russia’s Probability of Default | Wolf Street

Oil Price Collapse Ricochets Around the World, Hits US Drillers, the Ruble … and Russia’s Probability of Default | Wolf Street. As soon as word spread that Saudi Arabia’s Aramco cut prices, rather than production, for its US customers – though it raised prices for Asian and European customers – the price of WTI swooned […]

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Saudi Oil Market Fight Shifting to U.S. as Asia Prices Rise – Bloomberg

Saudi Oil Market Fight Shifting to U.S. as Asia Prices Rise – Bloomberg. Saudi Arabia’s increase in oil prices for Asia signals the world’s biggest crude exporter is shifting the focus of its fight for market share on U.S. buyers. While Saudi Arabian Oil Co. boosteddifferentials for supplies to Asia next month after cutting some November […]

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Peak Oil Notes – Oct 16

Peak Oil Notes – Oct 16. The price plunge which began in mid-June when New York oil futures trading around $105 a barrel continued this week with oil touching $80 on Wednesday before recovering to close at $81.78. London’s Brent crude underwent a similar collapse to close yesterday at $83.46. Weak demand: increasing US shale […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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