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Energy Information Administration

Pipelines run toward oil storage tanks stand at the Enbridge Inc. Cushing storage terminal in Cushing, Oklahoma, U.S., on Wednesday, March 25, 2015. (Daniel Acker/Bloomberg)

Crude oil prices rise again after U.S. inventories continue to dip

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U.S. crude inventories declined by 2.2 million barrels from the week prior, which had seen a dip of nearly 4 million barrels. U.S. refinery inputs last week also decreased an average of 379,000 barrels a day from the previous week, according to the U.S. Energy Information Administration update. Refineries operated at more than 91 percent capacity last week.
(Photo by Andrew Burton/Getty Images)

Texas has the nation’s No. 1 oil field

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Texas has shown a significantly stronger presence in the EIA’s top 10 than it did in the agency’s last report in 2009.
Pipelines run toward oil storage tanks stand at the Enbridge Inc. Cushing storage terminal in Cushing, Oklahoma, U.S., on Wednesday, March 25, 2015. (Daniel Acker/Bloomberg)

U.S. oil inventories rise by almost 2 million barrels, but below expectations

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Crude oil inventories across the U.S. posted another build last week, but the pace at which crude tanks are filling remained much slower than in weeks past. The oil markets shot up.
An LNG tanker. Photographer: Tomohiro Ohsumi/Bloomberg

EIA: The U.S. will be a net natural gas exporter by 2040, even with the most conservative projection

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The U.S. could be exporting anywhere between 0.2 trillion cubic feet and 10.3 trillion cubic of liquefied natural gas by 2040, according to the latest government projection.
(Daniel Acker/Bloomberg)

World’s biggest oil trader says crude price can’t drop much more

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Oil prices will range from $50 a barrel to $70 a barrel in the second half of this year, Ian Taylor, the firm’s chief executive officer, said in an interview.
(Shane Bevel/Bloomberg News)

Crude prices rising after inventories show a slower gain

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Futures traders bid up the price of U.S. crude after a government report showed a smaller-than-expected gain in inventories.
(Photo by Andrew Burton/Getty Images)

Cheap crude won’t slow U.S. oil fields by much, EIA says

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The EIA said low oil prices would only cut the nation’s daily production by 700,000 barrels from 2022’s projected 10.4 million barrels.
Oil Boom Shifts The Landscape Of Rural North Dakota

Shale boom to start busting as U.S. output set to fall

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The shale oil bonanza that made millionaires from Texas to North Dakota is slowing down for the first time in years, a sign that painful industry cutbacks are starting to have an impact.
(Eddie Seal/Bloomberg)

The U.S. is still the world’s biggest hydrocarbon producer

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The gap between the U.S. and its next two closest rivals has expanded in dramatic fashion since 2011.
(Photographer: Patrick Semansky/Bloomberg)

U.S. refiners can bulk up to consume more domestic oil

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A new report from the Energy Information Administration suggests refiners can — and will — invest in new equipment to process the light oil flowing out of U.S. wells today, but a debate over crude exports could undermine some of those plans.