Archives for August 2016
Greenspan says oil price probably has hit bottom
Former Federal Reserve Chairman Alan Greenspan suggested that oil prices have probably bottomed out at about $40 per barrel after tumbling more than 20 percent in the past two months into a bear market. RELATED: Oil...
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Market Currents: Venezuelan oil exports to U.S. reach a 2016 high
As crude hopscotches back above the $40 level, it is once again being used as a trampoline, propelling prices higher. Despite the Bank of Blighty (England) cutting interest rates for the first time in seven...
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Dynegy posts loss while preparing for Texas growth
The loss comes at a time when Dynegy is launching new logos and branding as it acquires 17 power plants, including six in Texas, by the end of the year in deals with Paris-based Engie,...
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Oil prices rebound on big drop in gasoline stockpiles
Oil rose as U.S. gasoline inventories fell the most since April and refineries increased rates. Gasoline supplies fell 3.26 million barrels in the week ended July 29, the Energy Information Administration report showed. Inventories along...
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Huntsman sells European plants for $225 million
The Woodland-based Huntsman Corp. chemicals company said Wednesday it will sell three European manufacturing plants for $225 million to Colorado’s Innospec Inc. to help pay off debt. Source: FuelFix
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