Archives for September 2016
Energy Department warns against further shrinking of U.S. oil stockpile
The nation’s oil stockpiles, maintained in the event of a global shortage, are in need of immediate repair and must not shrink any more than already ordered by Congress , the U.S. Department of Energy said in...
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Market Currents: Oil choppy ahead of likely inventory draw
Crude is flip-flopping ahead of an exceedingly likely inventory draw to crude stocks from tomorrow’s Labor Day-delayed inventory report. With a choppy U.S. dollar, crude is getting whipsawed around; hark, here are five things to...
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Prominent trader doubts OPEC freeze accord
One of the world’s biggest commodities traders doubts oil producers will be able to agree on curbing output to pull up prices. While it’s “easier” to have talks on freezing supplies now than it was...
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Apache: Permian discovery holds 3 billion barrels of oil
The Houston-based oil exploration company Apache has made a significant discovery in West Texas’s Permian Basin, estimated at 75 trillion cubic feet of natural gas and more than 3 billion barrels of oil — nearly...
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Judge grants partial stop on North Dakota pipeline work
A weekend confrontation between protesters and construction workers near Lake Oahe prompted the tribe to ask Sunday for a temporary stop of construction. Four private security guards and two guard dogs received medical treatment, officials...
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