Archives for November 2016
Crude inventories shrink
U.S. crude oil stockpiles fell for the second consecutive week, adding support to prices that surged on reports that OPEC nations had agreed to cut production. Commercial inventories of crude fell about 900,000 barrels last...
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Oil prices surge on milestone OPEC deal to cut oil production
U.S. oil prices surged by 9 percent up to about $49 a barrel on news that OPEC nations Wednesday reached a milestone deal to cut oil production, potentially signaling the beginning of a slow recovery for...
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Texas’ September wholesale electric prices hit 12-month high
Wholesale electricity prices in Texas hit a 12-month high in September during a period of high electricity demand, according to an analysis by the U.S. Department of Energy. The department’s Energy Information Administration released a...
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Saudi energy minister to give keynote at 2017 CERAWeek
H.E. Khalid A. Al-Falih, the Saudi Arabian minister of energy, industry and mineral resources, has been named keynote speaker for the 2017 CERAWeek gathering in Houston. Coordinated by global analytics firm IHS Markit, CERAWeek is...
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OPEC said to agree to output cut of 1.2 million barrels a day
Oil rose the most in nine months after OPEC ministers were said to have forged a deal to cut production, sending stocks of energy producers and currencies of commodity-exporting nations higher. Crude rebounded from a...
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