Archives for July 2016
OPEC’s new chief faces fragile unity as prices sting have-nots
When OPEC’s new chief starts next week, he’ll take over an organization that’s largely reconciled internal differences after a two-year fight over strategy. But as oil prices sink again, that unity could be at risk....
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How fracking has helped drain profits from plastics recycling
The past couple of years of relatively cheap crude oil and natural gas have upended the industry with the greenest image: recycling. Yes, it’s still an advantage for many businesses and municipalities to recycle rather than...
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U.S. shale gas is shaking up global LNG market
Shale drillers from Pennsylvania to Texas flooded the U.S. with so much natural gas over the past decade that prices slid to a 17-year low. Now they’re going global, with the potential to upset markets...
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Energy companies find at least 1 benefit of downturn
Oil companies, bludgeoned by the drop in oil prices, have been working feverishly to cut the cost of pulling a barrel of oil out of the ground. On Friday, Exxon Mobil and Chevron both revealed...
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U.S. drillers add 3 oil rigs back to the field
U.S. drillers put three oil rigs back in the field this week, Baker Hughes said Friday, still pushing the nation’s rig count higher even as crude prices fall back toward $40 a barrel. Companies have...
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