Archives for November 2016
Saudis pull out of talks with Russia as OPEC deal stalls
Saudi Arabia has pulled out of talks with non-OPEC producers including Russia planned for Monday because the exporters’ group still has no internal agreement on how to implement supply cuts, according to two delegates. OPEC...
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Texas jury awards Boone Pickens $146 million in West Texas oil lawsuit
By Natalie Posgate of The Texas Lawbook PECOS –Two Midland oil companies and Dallas-based J. Cleo Thompson intentionally failed to meet their end of an agreement with Dallas oil mogul T. Boone Pickens to acquire and...
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EPA raises ethanol mandate higher, riling oil companies
The amount of ethanol and other biofuels that must be blended into the nation’s fuel supply must increase by 6 percent next year, the U.S. Environmental Protection Agency announced Wednesday. That represented a significant gain...
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Oil stockpile slides, but prices stay flat
The amount of oil stored in U.S. tanks declined by 1.3 million barrels last week, the Energy Department said Wednesday, but crude prices remained flat. The decline came after two consecutive weekly inventory builds that...
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Market Currents: Iran exports into EU ramping up
Happy Thanksgiving Eve! A fairly neutral EIA report – tilted a wee bit bullish for crude, bearish for the products – has been a welcome distraction, before a surgical focus has returned to every rumor...
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