Archives for May 2016
Texas manufacturers post weakest month in a year
The production index, a key measure of state manufacturing conditions, fell from 5.8 all the way down to minus-13.1. An index below zero indicates a decline in activity, according to a monthly survey data from...
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Cobalt taps BHP Billiton exec for CEO role
HOUSTON — Deep-water oil producer Cobalt International Energy says it hired as chief executive the man who ran BHP Billiton’s U.S. oil business. BHP Billiton executive Tim Cutt left the Australian mining giant after several...
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Market Currents: Chinese oil imports driven higher by ‘teapots’
One hundred and fifty-seven years after Big Ben was started, and the oil market is counting down the clock to an onslaught of economic data from the ringing in of a new month, as well...
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Gasoline prices hit highest point of 2016 as demand spikes
Despite the recent spike, gasoline costs are still much lower than recent averages, including 40 cents cheaper per gallon than this time a year ago and $1.35 lower than in 2014. Source: FuelFix
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Battered by crude rout, Norway now faces risk of oil strikes
The failure shows the width of the gap that will need to be bridged in state-backed mediation if Norway, western Europe’s biggest producer of oil and gas, is to avoid strikes that would deepen the...
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