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Top energy headlines, a recap

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Houston energy startup receives $500 million investment to launch

Independence Resources Management LLC (IRM), a newly formed Houston startup, is receiving a $500 million investment from New York-based private equity firm Warburg Pincus LLC. The capital will assist IRM in making an immediate impact in oil and gas exploration, focused on the Anadarko Basin in Texas, Oklahoma, as well as the Rockies. Read more…

Is the oil price decline so bad? Let’s take a look

There have been many conversations lately about the energy industry. Primarily, it’s been focused on the oil sector and the more than 50 percent decline in oil prices, the lowest it’s been in over six years. Read more…


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Oil may drop to $30 says some experts

Oil prices continued their downward spiral Friday, falling more than $1, after a short-lived rally of around 5 percent the previous day, as concerns of a disruption to supplies in the Middle East appeared to ease. Against this backdrop, hedge fund managers said the oil price would remain volatile and could even fall as low as $30. Read more…

Gartman: Crude could hit $15. Here’s why

Dennis Gartman has bad news for oil: It’s going to go “stunningly” lower.

In an interview Thursday with CNBC.com’s “Futures Now,” the Commodities King said that a combination of a rapidly rising inventories and a strong dollar could lead to $15 oil by the end of the year. Read more…


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