Energy News Monitor | Volume XII; Issue 43

    March 2016: Mixed messages for the energy industry

    By mid–March crude price gain over February increased to 40 percent and by the end of March the gain was 50 percent. However oil producers were reported to be hedging their bets by locking in sales of future production as they were not hopeful of further increase in oil prices. But concerns over future oil supply reductions also grew. Global rig counts were reported to be down.

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