Archives for August 2016
Market Currents: Gasoline oversupply persists
As the dollar rallies again, as Gulf of Mexico storm fears dissipate, and as a build is expected from tomorrow’s EIA report, crude is heading lower once more. Hark, here are five things to consider...
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Adams Resources & Energy CFO retires after 31 years
Houston-based Adams Executive Vice President, CFO and Treasurer Richard Abshire is stepping down Wednesday and passing the CFO and treasurer titles on an interim basis to Sharon Davis, who currently serves as the chief operating...
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U.S. universities using less coal for heat, power
U.S. colleges and universities have burned coal to produce electricity and heat for 200 years. Now they’re using far less of it. The country’s educational institutions, pushed by rising hopes to reduce greenhouse gas emissions,...
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Shell selling Gulf oil assets for $425 million
Royal Dutch Shell agreed to sell its Brutus/Glider operation in the Gulf of Mexico for $425 million as Chief Executive Officer Ben Van Beurden seeks to resuscitate an explorer dinged by the lowest profits in...
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Oil discoveries at 70-year low signal supply shortfall ahead
Explorers in 2015 discovered only about a tenth as much oil as they have annually on average since 1960. This year, they’ll probably find even less, spurring new fears about their ability to meet future demand. With oil...
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