Archives for 2016
Oil prices rebound on big drop in gasoline stockpiles
Oil rose as U.S. gasoline inventories fell the most since April and refineries increased rates. Gasoline supplies fell 3.26 million barrels in the week ended July 29, the Energy Information Administration report showed. Inventories along...
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Huntsman sells European plants for $225 million
The Woodland-based Huntsman Corp. chemicals company said Wednesday it will sell three European manufacturing plants for $225 million to Colorado’s Innospec Inc. to help pay off debt. Source: FuelFix
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Former Cheniere CEO takes new LNG company public through merger
After being ousted from Cheniere in December, Souki formed Tellurian Investments as a private company earlier this year and partnered with the former chief operating officer of the BG Group, Martin Houston. They are developing...
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How will industry respond after oil’s fall below $40?
After staging a rally that nearly doubled prices from their February low of $26 a barrel, crude has firmly entered a bear market, with prices sliding more than 20 percent since breaking above $50 a...
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Market Currents: Bulls and bears do battle
Crude is rebounding today ahead of the inventory report, pushing aside oversupply fears for now. Hark, here are five things to consider in energy markets today: 1) There’s quite a war of rhetoric raging at...
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