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...
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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...
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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...
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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,...
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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...
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