Archives for September 2016
Market Currents: OPEC oil exports hit new record
As a humongous draw to oil inventories has wrong-footed the market, crude prices have ripped higher in response. Hark, here are five things to consider in oil markets today: 1) Let’s cut to the chase;...
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Oil, gasoline inventories plunge; crude prices rise
Stockpiles of crude oil and gasoline plunged week, more than offsetting recent increases in inventories and sending oil prices soaring. The Energy Department said Wednesday that commercial rude inventories fell by 14.5 million barrels, after...
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New dragon ships ‘create virtual pipeline across the Atlantic’
The United States’ shale gas revolution created an over-supply of ethane, even in spite of a bevy of new chemical plants built along the Gulf Coast. Houston-based Enterprise Products Partners and Switzerland-based Ineos teamed up...
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Traders see low prices, more pain ahead for oil industry
The largest oil traders are anticipating little relief to what has become the worst market slump in a generation. All but one of 15 senior oil traders and executives interviewed this week at the annual...
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Oil climbs on report of inventory decline
Oil advanced as weekly industry data showed a big decline in U.S. crude inventories, trimming supplies that are at the highest seasonal level in at least 30 years. Futures climbed as much as 2.2 percent...
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