July 9, 2018 – OutPut
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Day: July 9, 2018

The one thing that could drive oil price to $250 | OutPut by Rig Lynx

Crude oil prices could jump as high as US$250 a barrel if Iran goes through with its threat to close the Strait of Hormuz in response to U.S. pressure on oil buyers to cut their Iranian purchases to zero, RT reports, quoting analysts. The most bullish among these analysts was Artem Avinov from online broker TeleTrade, […]

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Increase in seismic demand can mean only one thing | OutPut by Rig Lynx

Norwegian seismic specialist TGS has said there is an increase in demand for marine seismic data, and the company expects to report a significant rise in its second-quarter revenue. Based on preliminary info from its operating units, the provider of multi-client geoscience data to oil and gas exploration and production companies on Monday said it […]

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Emerging foreign markets allowing oil majors to close the gap | OutPut by Rig Lynx

Several oil majors, including Royal Dutch Shell and BP, are boosting their share of natural gas output. A Bloomberg report said these two oil companies, by increasing gas production, are trimming the lead between them and ExxonMobil, the world’s largest publicly traded oil company. ExxonMobil has a current market cap of $348 bn, while Shell has market […]

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