Archives for November 2016
OPEC optimism lifts oil
Oil traded near a three-week high on signs OPEC members have made progress toward completing a deal to cut output. January futures rose as much as 2 percent in New York after the December contract...
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Tesla’s revenge: Gasoline consumption at peak, says IEA
After fueling the 20th century automobile culture that reshaped cities and defined modern life, gasoline has had its day. The International Energy Agency forecasts that global gasoline consumption has all but peaked as more efficient...
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Swift Energy sells Louisiana asset to intensify Eagle Ford drilling
Swift Energy Co. sold its interests in a southeast Louisiana production area to intensify its focus on South Texas. The Houston-based exploration company announced Monday that it has divested its Lake Washington Field holdings. The...
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Sawtooth Mountain: When oil companies buy land to protect it
An unusual consortium has banded together to keep oil and gas drilling away from Sawtooth Mountain, a jagged and iconic peak near West Texas’s Big Bend National Park. Four oil companies, an energy investment firm,...
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Market Currents: Middle East OPEC oil exports reach record
As OPEC optimism continues to grow, and as the dollar eases lower, crude is moving higher today in this holiday-shortened week (woot woot!). Hark, here are five things to consider in oil markets today: 1)...
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