Archives for June 2016
Oil settles above $50 for first time in nearly a year
Oil on Tuesday settled above $50 a barrel in New York for the first time in nearly a year as prices continued their rebound from February’s low. West Texas Intermediate settled at $50.36, up 67...
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Rig contractor sees demand picking up as oil reaches $50 a barrel
HOUSTON – As crude prices push higher, a major U.S. drilling rig contractor says demand for its equipment is finally picking up after a long oil bust that sidelined more than 1,500 rigs across the...
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Shell to cut more costs as a result of BG Group merger
LONDON — Energy company Royal Dutch Shell will cut more costs, more quickly than previously planned, as a result of its merger with BG Group Plc this year. The Anglo Dutch company made the announcement...
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Tough year, but energy companies top Houston Fortune 500 firms
By Emma Hinchliffe Twenty-four Houston area firms, led by energy companies, made this year’s Fortune 500 list, released Monday. But the rankings, based on 2015 revenues, also showed that energy firms took a beating last year. The...
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Market Currents: Five things to consider in oil markets today
One hundred and thirty-four years after H.W. Seely patented he first electric iron, and the crude complex is unable to get rid of the wrinkles from supply concerns. As broader markets try to recover from Friday’s...
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