Archives for August 2016
Market Currents: OPEC crude oil exports set to rise further
The recent oil rally is finally hitting the brakes, with prices retracing today on supply developments relating to Iraq and Nigeria, while vehement short-covering has brought financial positioning back from the ledge of bearish extremities....
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‘Well-timed’ OPEC talk forces bears back into hiding
OPEC has done it again. Talk of a potential deal to freeze output helped push oil close to $50 a barrel and prompted money managers to cut bets on falling prices by the most ever....
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Gas prices rise for the first time in 10 weeks
Local Gasoline prices rose for the first time in 10 weeks after the recent rally in oil markets that has boosted prices about $8 a barrel since the beginning of August. The average retail price in...
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How Louisiana’s sinking coast is becoming Big Oil’s $100 billion nightmare
From 5,000 feet up, it’s difficult to make out where Louisiana’s coastline used to be. But follow the skeletal remains of decades-old oil canals, and you get an idea. Once, these lanes sliced through thick...
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Can sewage sludge replace coal at power plants?
By Anya Litvak Pittsburgh Post-Gazette PITTSBURGH — A Maine company has set its sights on Pennsylvania as a good place to burn poop. Casella Organics, which finds uses for organic wastes that don’t involve shoveling...
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