Archives for June 2016
OPEC sees crude glut easing in second half of 2016
HOUSTON – The Organization of Petroleum Exporting Countries believes U.S. oil production is set to drop by 150,000 barrels a day in the second half of 2016, one of the main factors behind a long-anticipated...
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Market Currents: Six things to consider in oil and gas today
Seventy-two years after Marvin Camras patented the wire recorder, and movement in the oil market today is being dictated by hopes of stronger supply (production returning from outages) and firm demand (echoed by the OPEC report)...
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Supreme Court rejects request to block mercury rule
WASHINGTON — The Supreme Court has rejected an appeal from 20 states seeking to block a federal rule targeting mercury pollution from taking effect while the government revises the rule to account for compliance costs. The...
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Gasoline costs inch up with oil prices, summer demand
The average cost of a gallon of regular unleaded gasoline hit $2.14 in the Houston area and $2.38 nationally on Monday — days after the price of oil settled at $50 a barrel for the...
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Oil producers boost rig count for 2nd week
Oil companies dispatched another three drilling rigs this week to fetch crude under the North Dakota’s Bakken Shale and other oily regions across the United States, Baker Hughes said Friday. Source: FuelFix
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