Archives for December 2016
Market Currents: Is NOPEC just a duo?
As the meeting of NOPEC fast approaches this weekend, the mood in the oil market has shifted from euphoria to skepticism, as questions remain around the intent of key producers. With that in mind, hark,...
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Oil extends slide on U.S. supply outlook, OPEC follow-up talks
Oil fell in New York on speculation that OPEC production cuts will bolster U.S. shale production, and amid signs that the organization won’t insist all its partners deliberately reduce output. Futures fell 1 percent in...
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Railroad Commission spends millions plugging hundreds of orphan wells
The Railroad Commission of Texas, the state’s regulator of the oil and gas industry, spent millions of dollars plugging hundreds of wells in 2016, but it still fell short of its goal to plug nearly...
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Pipeline protesters in West Texas asking for help from Standing Rock
Protesters were arrested in West Texas on Tuesday morning in front of a pipeline being built from the Permian Basin to Mexico. Members of the Big Bend Defense Coalition were protesting Dallas-based Energy Transfer Partners...
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New chief of Texas oil and gas commission believes Trump will bring welcome change
Christi Craddick, who on Tuesday was elected new chairman of the Railroad Commission, said she welcomes the change she expects from President-elect Donald Trump. “They at least get us, I hope, as an industry,” Craddick...
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