| A rally that pushed international crude-oil prices above $50 a barrel Thursday is a welcome sign for many energy companies but not enough to kick-start an industry in the midst of a two-year slump, executives said.
“We’re in a little bit of an upswing at the moment and everybody’s got a smile on their face because we might be at $50 a barrel,” said Tony Durrant, chief executive of Premier Oil PLC, a British oil company with operations from the North Sea to the Falkland Islands...............................................Full Article: Source
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