Archives for August 2016
Market Currents: Qatar economy rises as oil exports fall
Another day, another dollar (rally in oil prices). The tag-team of dollar weakness and production freeze hopes combine again to rally crude prices higher for yet another day. Hark, here are five things to consider...
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Sabal Trail natural gas pipeline faces lawsuit over environmental concerns
Environmental groups have filed a federal lawsuit to stop a 516-miles natural gas pipeline project that would travel through three Southeastern states. Groups including the Sierra Club filed the lawsuit Wednesday in the 11th U.S....
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Saudi Arabia’s oil exports at 3-month high as output climbs
Saudi Arabia, the world’s biggest crude exporter, boosted shipments to a three-month high in June as production headed for an all-time high. Exports climbed to 7.5 million barrels a day in June, the highest since...
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Oil rally continues; Brent rises to $50
Oil held gains after the longest advance in more than a year as U.S. crude and gasoline stockpiles declined, paring supplies at their highest seasonal level in two decades. Brent rose above $50 a barrel...
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New fuel efficiency standards whittle away at oil demand
The Obama administration formalized new fuel efficiency standards for heavy trucks on the same day Ford announced plans for autonomous vehicles and an MIT study showed that most Americans could make do with an electric...
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