Archives for 2016
Market Currents: Cutting a deal to deal a cut
And crude is full of the festive spirit, merrily skipping higher today in response to the result of the weekend’s OPEC / NOPEC meeting. As the number of global oil producers committing to participate in a...
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EPA proposes new rule to reduce emissions at Texas power plants
The U.S. Environmental Protection Agency on Friday proposed a rule aimed at reducing carbon emissions from 18 Texas power plants, many of which have been part of a yearslong battle over air quality control in...
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Oil surges as Saudis eye deeper cuts, non-OPEC joins deal
Oil jumped to the highest since July 2015 after Saudi Arabia signaled it’s ready to cut output more than earlier agreed and non-OPEC countries including Russia pledged to pump less next year. Futures rose as...
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Texas leads biggest rig count jump since April 2014
The oil rebound in West Texas this week led the biggest surge in the drilling rig count since April 2014 — when oil was priced well above $100 a barrel. The amount of drilling activity...
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Market Currents: Saudi making tough choices
Oil prices remain bid up into the weekend, as the market adopts the first part of the motto ‘buy the rumor, sell the fact’ ahead of tomorrow’s OPEC / NOPEC meeting. Ahead of the weekend’s...
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