Archives for September 2016
Report: SEC investigates Exxon Mobil over accounting practices
The U.S. Securities and Exchange Commission is reportedly investigating Exxon Mobil’s accounting practices around climate change and the drastic fall in oil prices since 2014. The Wall Street Journal, citing anonymous sources, reported Tuesday that...
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InterOil founder abandons fight to derail Exxon’s takeover
InterOil Corp. founder and ex-CEO Phil Mulacek said most of the natural gas explorer’s shareholders will vote in favor of Exxon Mobil’s acquisition on Wednesday, despite his two-month campaign to hold out for a better...
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Market Currents: Topsy-turvy U.S. gasoline balance
One hundred and thirty-one years after the birth of the mighty Jelly Roll Morton, the crude complex has got the blues once more. Prices are moving lower today, led by gasoline as the Colonial pipeline...
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OPEC may hold formal meeting in bid to cut production, boost prices
OPEC may turn its planned informal meeting in Algiers next week into a formal session as it seeks ways with other producers to cut crude supplies by 1 million barrels a day to re-balance markets...
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Energy Future Holdings clears big hurdle with approval of Oncor sale
Energy Future Holdings Corp. won court approval to sell its Oncor electricity distribution business to NextEra Energy, bringing the biggest U.S. power bankruptcy one step closer to a conclusion more than two years after it...
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