Find trending articles through Social News Discovery®! Providing a collaboration of news through social media technologies.
Follow your friends and create your own Online Social Newspaper! Invite your friends to follow you from Facebook. Filter the news articles you see by section, clipper, or mood. Rate each article and comment on all news clips!
Receive site and email notifications about comments and news clips that you are collaborating on!
Get the latest news on the Everyone page, the viral and trending news clips will always be at the top! See the trending news and articles!
"The number of rigs drilling for oil in theUnited States rose this week, extending one of its bestrecoveries with no cuts for 15 straight weeks, with analystsexpecting more additions after crude prices climbed back over$50 a barrel. Drillers added three oil rigs in the week to Oct. 7,bringing the total count up to 428, the most since February, butstill below the 605 rigs seen a year ago, according to energyservices firm Baker Hughes Inc on Friday.RIG-OL-USA-BHI That 15-week streak of not cutting rigs was the thirdlongest since 1987, following 19 weeks in 2011 and 17 weeks inended in 2010. The oil rig count plunged from a record high of 1,609 inOctober 2014 to a six-year low of 316 in May after crudecollapsed from over $107 a barrel in June 2014 to near $26 inFeb. 2016 in the biggest price rout in a generation due to aglobal oil glut. But after crude briefly climbed over $50 a barrel in June,drillers have added 112 oil rigs. Analysts said prices over $50would prompt energy", in.reuters.com
"U.S. drillers in the third quarter addedthe most oil rigs of any quarter since 2014, according to aclosely followed report on Friday, but the pace of additions hasslowed as crude holds below $50 a barrel despite OPEC's firstplan in eight years to cut output. Drillers added seven oil rigs in the week to Sept. 30,bringing the total rig count up to 425, the most since Februarybut still below the 614 rigs seen a year ago, energy servicesfirm Baker Hughes Inc said. RIG-OL-USA-BHI For the quarter, they added 95 rigs, the most since drillersadded 105 rigs in the first quarter of 2014. More thantwo-thirds of those rigs, or 67, were placed in the Permianbasin in west Texas and eastern New Mexico, bringing the totalthere up to 204, the most so far this year. The oil rig count plunged from a record high of 1,609 inOctober 2014 to a low of 316 in May after crude prices collapsedin the biggest price rout in a generation due to a global oilglut. That decline continued through the", www.reuters.com
"U.S. oil drilling has seen its best quarter since crude prices tumbled two years ago mainly due to small operators returning to the well pad, but analysts say the continued recovery in the rig count depends on whether OPEC's output reduction plan can bring the market back to $50 a barrel.", www.reuters.com
Please enjoy the site during our beta phase and provide us with feedback on suggestions and issue details. Please remember that we are still in beta and there will be issues and site changes during this time.
Newsclip® the leading Online Social Newspaper, find trending articles through Social News Discovery®!
You can reopen the "Getting Started Tutorial" dialog from within the About menu in the top right corner.