WTI Crude
47.54
Brent Crude
50.14
Natural Gas
3.08
  • Ecuador to Pump Over OPEC Oil Limit

  • Mining for sand in the booming frac sand business

  • Brent oil climbs above $50 for first time since early June

  • Small Permian producers flashing warnings as oil remains cheap

  • Marketed: Five E&Ps Offer Permian Wells, Leasehold In West Texas

Ecuador to Pump Over OPEC Oil Limit

Ecuador has broken ranks with fellow OPEC members as the South American country’s energy minister said it could no longer hold up its end of an agreement to cut oil production. Ecuador is among the smallest producers in the Organization of the Petroleum Exporting Countries, but the news is a symbolic setback for the 14-nation cartel, which has tried to…
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Mining for sand in the booming frac sand business

Oil prices may remain weak, but business is booming for oil in Texas shale plays, especially in West Texas' Permian Basin. That means the demand for sand is skyrocketing to churn out oil and gas as part of the hydraulic fracturing, or fracking, process. The industry is moving quickly to produce more sand than ever to meet the demand of…
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Brent oil climbs above $50 for first time since early June

LONDON (Reuters) - Brent crude oil rose above $50 per barrel for the first time since early June on Thursday, adding to gains made the previous session when falling U.S. crude and oil product inventories lifted the market. Brent futures LCOc1, the international benchmark for oil prices, stood at $50.10 at 1257 GMT, 40 cents up from their last settlement.…
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