Archives for November 2016
Saudi Arabia budget deficit climbs as OPEC talks
Saudi Arabia’s push for OPEC’s first oil production cut in eight years comes as its finances fall into disarray. The Saudi government’s budget deficit has ballooned to one-fifth of its economic output this year despite...
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GE dominates in U.S. as wind turbine manufacturer
Nearly half of the wind energy in the United States comes from wind turbines built by General Electric, which has dominated the turbine industry for nearly 15 years, according to the U.S. Department of Energy. GE...
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Market Currents: OPEC deal still in the balance
We have a week which starts with cartel controversy, and concludes with Nonfarm Friday. Somewhere inbetwixt, we get the small matter of an OPEC meeting in Vienna. With that in mind, hark, here are five...
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Fracking rebound boosts service firms
The oilfield service companies that supply everything from sand to sophisticated robot rigs are seeking a new lease on life as America’s fracking fortunes begin to turn. Shale drillers have added 158 rigs since May,...
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Gas prices continue to drop
The average price for a gallon of regular gasoline in the U.S. fell 1.3 cents during the past week to $2.12 per gallon on Sunday, according to GasBuddy.com. The continuing price drop is tied to...
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