Archives for 2016
Crude prices resume rise
Oil rose, following the biggest quarterly gain since 2009, amid speculation policy makers will act to limit the fallout from the U.K.’s vote to leave the European Union. Futures climbed 1.4 percent in New York...
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BP expanding LNG plant in Indonesia
BP will move forward on a costly project in Indonesia that could annually turn natural gas into 3.8 million tons of liquid energy, the first major liquefied natural gas facility to get a green light...
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Drillers dispatch another 11 oil rigs, Baker Hughes says
U.S. energy companies dispatched another 11 drilling rigs to hunt for crude across Texas and Oklahoma in the latest sign rising prices have given a boost to the battered oil industry. The number of active...
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Williams Cos. names new chair after 6 board members resign
Kathleen Cooper was officially announced Friday as the new chairwoman of Tulsa, Okla.-based Williams to support keeping CEO Alan Armstrong in the job. Former chairman Frank MacInnis was one of six members of the 13-person...
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Market Currents: Domestic demand cuts Iraqi oil exports
As we charge into the second half of the year, with a long holiday weekend stretching out in front of us, oil has pared losses and appears to be shutting up shop around yesterday’s close....
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