Archives for July 2016
Oil heading to biggest drop in 5 months amid glut
Crude was headed for the biggest decline in almost five months as the outlook for the world economy darkened while oil stockpiles remain ample. Futures fell as much as 5.4 percent in New York as the dollar...
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Former board directors blast Williams Cos. CEO after failed merger
New York hedge fund activists Eric Mandelblatt and Keith Meister — two of the six directors to resign last week — each wrote letters sharply criticizing Armstrong of his alleged abysmal leadership. Source: FuelFix
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Noble Energy to sell small stake in Tamar gas field
Noble Energy is selling off a 3 percent stake in the Tamar gas field off the coast of Israel for $369 million, freeing up cash to develop another large gas field in the Mediterranean as...
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Chevron, partners to plow $37 billion into Kazakhstan field
HOUSTON – Chevron Corp. and others have decided to plow $36.8 billion into the gigantic Tengiz oil field in Kazakhstan to pump more oil from a region that produced its first barrels more than two...
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Market Currents: Oil with a post-holiday hangover
As the oil market returns to full strength after the Independence Day break, crude prices are charging lower, egged on by a strengthening dollar (well, weakness elsewhere – pound, I’m looking at you). As economic...
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