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U.S. oil ends below $80 a barrel; prices pull back after last week
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WebMay 21, 2024 · Once again, the spread widened, as Brent soared to a $25 premium per barrel higher than WTI. In 2015, a premium drop for Brent occurred for two reasons. First, an agreement with Iran was struck, allowing the country to export more oil, which should have increased the amount of Iranian crude flowing into the market on a daily basis. Web1 day ago · At $90 a barrel, Diamondback could produce over $3.9 billion of free cash or more than $21 per share. Its free cash flow will grow to more than $4.5 billion, or $24.50 per share, if crude averages ... WebThe barrel of oil equivalent ( BOE) is a unit of energy based on the approximate energy released by burning one barrel (42 US gallons, 35 imp gal or 158.987294928 litres) of crude oil. The BOE is used by oil and gas companies in their financial statements as a way of combining oil and natural gas reserves and production into a single measure ... philosophy versus ideology