Archives for December 2016
Brent oil makes 1st annual gain in 4 years before OPEC cuts
Brent oil, the global benchmark, is headed for its first annual advance in four years before supply cuts from OPEC and other producing nations next month intended to stabilize the market and reduce swelling global...
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Energy firms improve outlook, despite OPEC doubts
By Rye Druzin, San Antonio Express-News Oil and gas producers and service operators are hoping to continue their upward momentum in 2017 as oil and gas prices stabilize, according to a new survey. More than...
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Oil inventory levels rise in Gulf Coast and Midwest
The year is coming to a close with another jump in the nation’s stockpile of oil as the U.S. struggles to work through its ongoing glut of crude. Crude oil inventory levels rose by 600,000...
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Carbon emissions in 2016 expected to be lowest since 1992
Carbon emissions from U.S energy sources in 2016 are expected to be the lowest in nearly 25 years, according to an analysis from the U.S. Department of Energy. Carbon emissions for the first six months...
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Shale drillers to move cautiously as oil prices rise
Shale oil companies are ready to play chicken with supply and demand again. Roiled by a year that began with crude at a 12-year low and ended with a surprise OPEC agreement boosting prices, U.S....
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