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    Oil Prices Dreamstime L 209679774
    Sept. 11, 2023
    Oil prices edged lower on Monday after fresh Saudi and Russian crude output cuts had spurred prices upwards last week.
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    July 6, 2020
    Evercore ISI's latest report describes a still-reeling market.
    (Courtesy Baker Hughes)
    The rig count in the US Gulf of Mexico has fallen by 50% from Jan. 3, 2020, to June 19, 2020, from 22 to 11 rigs.
    July 1, 2020
    Operators are adjusting their budgets and strategies in response to the 2020 oil price crash.
    (Courtesy Wood Mackenzie)
    Woodmac625
    June 25, 2020
    The oil price slide reduced the valuation of the global upstream oil and gas industry by $1.6 trillion, according to Wood Mackenzie.
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    June 12, 2020
    The Trump administration has approved 12 applications for reductions in royalty payments.
    Courtesy BOEM
    Boem Gom Map
    June 8, 2020
    A new analysis on Gulf of Mexico E&P activities offered by Wood Mackenzie foresees a difficult year ahead in 2020 but with possible recovery taking place next year.