Archives for 2016
Market Currents: Five things to consider in oil markets today
One hundred and thirty-four years after H.W. Seely patented he first electric iron, and the crude complex is unable to get rid of the wrinkles from supply concerns. As broader markets try to recover from Friday’s...
Click here 0 3,799
Gasoline prices jump with bad weather, refinery outages
The average price of a gallon of regular unleaded gasoline in Houston rose 6 cents in the past week up to $2.13, according to GasBuddy, which surveys retail gasoline prices and refinery activity. This national...
Click here 0 3,681
As oil nears $50 a barrel, will renewed drilling undercut price gains?
The oil market is turning its attention back to the U.S. as more of its rigs return to work following a surge to $50 a barrel, raising concern that a production rebound may stifle crude’s...
Click here 0 3,767
Devon Energy to sell Texas, Oklahoma oil fields
Devon Energy Corp., the energy producer that’s targeted $3 billion of asset sales to fund drilling and lower debt, agreed to sell fields in Texas and Oklahoma and a royalty interest in the northern Midland...
Click here 0 3,757
Moody’s downgrades Halliburton and Baker Hughes
Moody’s cut the credit rating by two notches of the two, Houston-based oil field services giants — the world’s second and third-largest services companies after Schlumberger. Their ratings were dropped from A2 down to Baa1,...
Click here 0 3,738
