Archives for 2016
Goldman Sachs: The oil rebound remains fragile
HOUSTON – The recent rebound in oil prices is fragile, Goldman Sachs said in a report Wednesday. Crude production in Canada and Nigeria has fallen off, but beyond the disruptions that have pushed oil prices...
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Houston’s Par Pacific buys Wyoming refinery, pipeline
The deal includes the 18,000-barrel-per-day refinery and the 140-mile Thunder Creek crude oil pipeline system in northeast Wyoming that sources crude oil from the Powder River Basin. Source: FuelFix
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$1 trillion on upstream projects cut through 2020, WoodMac says
HOUSTON – The collapse of oil has forced the energy industry to delay $1 trillion in projects aimed at pumping crude and searching for oil through the end of the decade, leaving 7 billion barrels...
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Dynegy speeds up purchase of 17 former Engie power plants
Dynegy in February said it was buying the U.S. power plants owned by Paris-based Engie, formerly GDF Suez, for $3.3 billion through a majority-controlled deal with the New Jersey-based Energy Capital Partners private equity firm....
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Market Currents: Venezuela’s situation goes from bad to worse
Forty-seven years after the birth of Ice Cube, and the bullish sentiment in the oil market is thawing once more. As economic conditions continue to look tepid, and supply outage fears melt, crude is moving...
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