Archives for 2016
Texas adds 13 drilling rigs as oil prices improve
This week saw the third straight week of rig count increases nationally for the largest three-week jump since last July. The number of rigs seeking oil had sunk almost every week from August through the...
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Saudi prince sweeps through Washington on diplomatic, economic mission
Saudi Arabia’s announcement this year it would begin selling shares in state-owned Aramco signaled an abrupt economic shift for the kingdom as it tries to wean itself from dependence on oil revenue. This week Deputy Crown...
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State wins tax ruling on energy equipment, saving billions
AUSTIN — The Texas Supreme Court rejected an energy company’s request for a sales tax refund on Friday, a seemingly small and esoteric decision that nonetheless saved the state from potentially having to underwrite billions...
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SolarCity sees bright future in Houston market
SolarCity on Monday will begin offering its rooftop solar systems in the Houston area, the California company’s third Texas market, after Dallas and El Paso. The company said will open a Houston warehouse soon and...
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Market Currents: Latin American oil exports under pressure
It is national flip-flop day, and the oil market is acting accordingly. After reaching a one-month low after six consecutive days of losses, crude has changed direction today, and is relief-rallying into the weekend on...
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