Archives for December 2016
Gas prices are likely to continue rising. Here’s why.
Rallying oil prices on the heels of OPEC’s production cut decision began to lift gas prices this past week, raising the national average 4.4 cents to $2.18 per gallon. Patrick DeHaan, senior petroleum analyst at...
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Setback is probably only temporary for Dakota Access Pipeline
The U.S. Army Corps of Engineers decision to deny a permit for Energy Transfer Partners to build a section of the $3.8 billion Dakota Access Pipeline in North Dakota is likely to be a temporary...
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Ex-Saudi minister on OPEC: ‘We tend to cheat’
Ali Al-Naimi, the former oil minister of Saudi Arabia, warns not to take the announcement by OPEC it’s cutting production for the first time in eight years too seriously. Speaking at an event in Washington...
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Permian leads latest increase in oil rigs, Baker Hughes says
West Texas’ active Permian Basin added seven rigs actively drilling for oil this week. While the Permian begins to boom, the net rig count in the rest of the country declined. The U.S. rig count...
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Australian LNG company makes Houston home
The former Chevron president of natural gas is leading what could become the next major liquefied natural gas export project out of a new Houston headquarters. The problem? “No one realizes we’re here,” said Greg...
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