Archives for July 2016
Exxon in talks over Eni Mozambique gas stake, sources say
Exxon Mobil Corp. is in advanced negotiations with Eni SpA over acquiring a minority stake in natural-gas discoveries off Mozambique, according to two people with knowledge of the talks. Exxon Chief Executive Officer Rex Tillerson...
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Market Currents: Iran oil exports increase into Europe
Despite a weakening U.S. dollar wafting smelling salts under the nose of the crude market, prices are still unable to pick themselves up off the canvas, heading lower for a sixth consecutive day. Hark, here...
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Pioneer Energy Services narrows losses
Contract driller Pioneer Energy Services landed in the red in the second quarter again with a loss of $30 million, or 46 cents a share, which wasn’t as bad as Wall Street analysts were...
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Oil falls to three-month low
Oil dropped to a three-month low in New York after government data showed that U.S. crude stockpiles unexpectedly climbed last week, halting the longest streak of inventory declines on record. Futures fell as much as...
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Market Currents: Brazil’s oil exports used to cover Chinese debt obligations
As the latest weekly inventory report from the EIA shows builds to both crude and gasoline, prices have reversed course and are charging lower. Hark, here are six things to consider in energy markets today....
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