Archives for 2016
BP monitoring ‘Brexit,’ plans to speak with British, EU leaders
BP, the British oil giant with a large operation in Houston, said it was closely monitoring the situation following the Britain’s vote to leave the European Union and would be speaking with government officials in...
Click here 0 3,467
Oil plunges on British vote to leave EU
Oil tumbled with most commodities amid a global flight from risky assets after the U.K. voted to leave the European Union. Whether the rout lasts depends on how world governments deal with the turmoil. Futures...
Click here 0 3,464
BP CEO: Global oil markets in “better balance”
BP CEO Bob Dudley joined a growing chorus of oil leaders predicting the historic lows in crude prices over the past two years are nearing an end. “I’m happy to report that the global supply...
Click here 0 3,632
Market Currents: US LNG exports heading far and wide
As the pound pushes on, equities rally, and bonds sell off, oil is being propelled higher by an expectation for a ‘remain’ vote coming through in today’s Brexit vote. With that out of the way,...
Click here 0 3,655
California pipeline spill much smaller than reported earlier
VENTURA, Calif. — Southern California authorities have revised the estimated size of a crude oil pipeline spill down to 29,400 gallons. The spill early Thursday in Ventura County was initially projected to be as much...
Click here 0 3,346