Archives for 2016
Market Currents: No oil…but Mexico importing more U.S. gasoline
As the latest inventory report comes back into focus, and as OPEC murmurs and rumors persist, oil prices are rallying once more – further aided by a pinch of dollar weakness. Hark, here are five...
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Chevron wins ruling blocking $8.6 billion order in Ecuador fight
Chevron Corp. won a victory in its long-running battle against Ecuadoreans and the zealous American lawyer who represented them, as an appeals court barred the attorney from enforcing in the U.S. an $8.6 billion award...
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Oil’s ‘hottest ZIP codes’ see bids soar on SM deal
SM Energy Co.’s $980 million purchase of drilling rights in the biggest U.S. crude field indicates producers are willing to pay a premium for access to one of the few spots where oil exploration still...
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Market Currents: Chinese oil imports slowing
As renewed rumors and murmurs rise up of another OPEC production freeze meeting, it is having the desired effect that certain OPEC members would want: oil is rallying like a mad thing. After short positions...
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Electric plants gobble natural gas at record pace
Natural gas is having a record summer. Oil and gas producers are pulling more out of U.S. wells than they have in decades, and U.S power plants are using even more than is produced. RELATED: Houston...
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