Fuel Fix

(Photographer: Eddie Seal, Bloomberg)

Magnum Hunter shares could be de-listed, NYSE says

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A punishing summer oil slump sent Magnum Hunter Resources Corp.’s shares below $1 apiece last month as it reported its crude and natural gas revenues in the second quarter came in sharply lower than last year, when oil was trading around $100 a barrel.

Magnum Hunter shares could be de-listed, NYSE says

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(Photographer: Eddie Seal, Bloomberg)
A punishing summer oil slump sent Magnum Hunter Resources Corp.’s shares below $1 apiece last month as it reported its crude and natural gas revenues in the second quarter came in sharply lower than last year, when oil was trading around $100 a barrel.
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These are the experts drawing battle lines over oil exports

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The cast of experts weighing in on the issue includes former Obama administration officials and military veterans.
An Eagle Ford well near Kenedy, Texas. (Eric Gay/AP)

The Dallas Fed says energy industry remains ‘solid’

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The latest Beige Book from the Federal Reserve Bank of Dallas is out, and it said the energy industry “remains solid” with healthy demand for oil field services.
(Fotolia)

Labor union comes out against oil exports

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The United Steelworkers on Monday declared its opposition to exporting American crude, siding with refiners who say it would hike oil prices and pare their margins.
Categories: Markets, Politics/Policy
Money Roll

Report: Oil exports and higher royalties should go together

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The Obama administration would shortchange taxpayers if it heeds the oil industry’s calls to lift a 39-year-ban on exporting U.S. crude without first hiking the royalty rate companies pay the government for drilling on federal lands, according to a new report.
Categories: Politics/Policy
Photo:  gizmodo.fr

Marrying tablets and Google Glass to increase the efficiency of oil & gas field operations (video)

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For these reasons, I have started to program what I’m calling for now a “Digital Tally Book”; eventually it will be a standalone application for field engineers, as well as an easy way to send relevant content to the Google Glass device.
(Photo: freegreatpicture.com)

United Rentals buying Texas pump rental company

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United Rentals says it’s buying National Pump, the second-largest pump rental company in North America, for $780 million.
U.S. Secretary of Commerce, Penny Pritzker, speaks during a business conference in Abu Dhabi, United Arab Emirates, Sunday, March 9, 2014.  (AP Photo/Kamran Jebreili)

US commerce secretary in Gulf ahead of Obama visit

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Penny Pritzker’s visit comes just weeks before President Barack Obama is scheduled to fly to Saudi Arabia to meet King Abdullah in an effort to patch over strained relations due to U.S. policy on Iran and Syria. It will be Obama’s first visit to Saudi Arabia since 2009.
A electric pumping unit removes crude oil from a  well outside South Heart, North Dakota. (Daniel Acker/Bloomberg)

Oil chiefs to suppliers: Your prices are too high

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A rising cost-control cry among oil executives has plenty of basis in the economics of the oil patch, but also may be an open message to suppliers that if prices don’t come down, their business will.
Categories: CERAWeek, featured