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Crude oil

Hermosa Beach (AP Photo/John Antczak)

Oil’s decline is making your Fourth of July barbecue cheaper

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Oil’s more than 40 percent drop in the past 12 months has helped to keep U.S. inflation muted, while bigger harvests pushed world food costs to the lowest since 2009.
Siemens CEO Joe Kaeser (Getty Images)

European regulators approve Siemens’ $6.6 billion acquisition of Dresser-Rand

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After a four-month probe, European antitrust regulators on Monday gave Siemens AG the nod to make its $6.6 billion play for Dresser-Rand, a Houston company that makes turbo compressors, turbines, valves and other components for the U.S. oil and gas industry.
Pemex Refinery in the Hidalgo State in Mexico

Pair of companies to build 700,000-barrel crude oil storage near Houston

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The two companies said they will build about 700,000 barrels of new crude oil storage and a pipeline near Seabrook, Texas, about 30 miles southeast of Houston.
(AP Photo/Matthew Brown, File)

U.S. railroads slumping on Wall Street amid coal, crude oil cargo squeeze

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The dwindling volumes for coal, oil and grain are magnified in contrast with last year’s surges. Petroleum carloads, chiefly crude, are down 0.6 after 2014’s 13 percent increase.
Rigs stacked at a business 20 miles west of Farm-To-Market Road 1788 photographed Tuesday, Feb. 24, 2015. (AP Photo/Reporter-Telegram, James Durbin)

Total rig count finally rises, but oil rigs are down again

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The rise in rigs drilling for natural gas increased by five for the week, which was more than the loss of three oil rigs from last week, according to data from oil services provider Baker Hughes.
(Spencer Platt/Getty Images)

Survey: Most oil and gas hiring managers see more layoffs, smaller headcounts in near future

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Rigzone’s latest global hiring survey confirms what you already knew: It’s a tough time to get a job in the oil and gas industry. Just more than half of the global oil and gas hiring managers said that they have “decreased their hiring efforts in the past three months.” Another 13 percent said they’ve frozen […]
Original byline: Jim Blecha/

BP economist: Oil industry should hunker down for “a couple of years” as prices recover

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The dramatic reduction in the U.S. rig count foreshadows a coming slowdown in U.S. oil output, a trend that’s expected to happen at the same that time that global oil consumption has started to swell.
(AP file photo/George Osodi)

OPEC crude market share at its lowest in more than a decade

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The erosion of OPEC’s dominance by surging North American shale oil prompted the group to abandon its decades-long role of balancing world markets at a meeting in November.
The Pearl gas-to-liquids plant in Qatar is the largest in the world. A&M has established a new research center in Qatar to delve into shale gas studies and train students for jobs in gas processing. (Photo: Shell)

Qatar Petroleum expanding overseas with focus on production

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QP has shifted priorities since leading Qatar’s transformation into the largest LNG supplier and is seeking now to manage a slump in the nation’s oil output while expanding internationally.
(Spencer Platt/Getty Images)

Oil price recovery on the way, panel says, but pace will be slow

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In a webcast, the panel of experts from financial services giant Ernst & Young said that the energy sector is expected to rebound, albeit at a sluggish pace, after several months of unrest following the collapse in oil prices that began last fall.