Archives for December 2016
Market Currents: Mexico’s gasoline dilemma
Amid a better-than-expected U.S. GDP print and a slightly softer dollar, oil prices are on the rise today. Gasoline, however, is on the move lower – and something we hone in on for today’s blog....
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Market Currents: Rising oil imports boost inventories
Oil prices are little changed, as a build to crude inventories in today’s weekly inventory report has been offset by solid draws to the products. As traders start to shift focus from OPEC to Santa,...
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Crude stocks seesaw, surprise analysts, and rise this week
U.S. oil producers added 2.3 million barrels of crude to commercial inventories during the past week, according to new Energy Department data, a surprise for analysts and departure from recent weeks, during which stocks had...
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Energy secretray says Trump request on climate change names ” not appropriate”
WASHINGTON – U.S. Energy Secretary Ernest Moniz criticized a request by President-elect Donald Trump’s transition team to hand over the names of federal employees who worked on climate change issues as “not appropriate.” “I know...
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Worst over for oil, says Norway’s next energy minister
The man overseeing energy policy in western Europe’s biggest oil-producing nation says the worst downturn in the history of Norway’s offshore industry appears to have bottomed out as OPEC’s historic deal continues to reverberate across...
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