Archives for July 2016
Petroleum stockpiles grow despite strong demand
Commercial crude inventories rose by 1.7 billion barrels last week, holding stockpiles at historically high levels despite rising demand and exerting more pressure on oil prices Stockpiles of refined products rose by about 1 million...
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Is $60 a barrel oil coming soon?
U.S. oil prices could rise to $60 a barrel by the end of this year, said Anadarko’s chief executive in a Wednesday earnings call, which would encourage the company to begin reinvesting in oil exploration...
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Plentiful supply pressuring oil prices
Oil fell from the lowest close in three months as industry data showed crude stockpiles at the biggest U.S. storage hub rose, swelling supplies already at a seasonal record. Futures dropped as much as 1...
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U.S. wind installations slow, even as Texas leads the way
Wind turbine installations slowed significantly in the second quarter of 2016. Nationwide, developers added wind turbines with a combined capacity of 310 megawatts between March and July, down from 1,600 megawatts during the same period...
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Market Currents: Oil imports rise, crude-by-rail drops
Crude prices are moving lower once again today, as another weekly inventory report comes into focus, with the prospect of rising product inventories. Hark, here are seven things to consider in crude markets today: 1)...
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