Archives for 2016
Market Currents: Oil rallies on EIA report, ignores OPEC
Sixty-three years to the day after the coronation of Elizabeth as Queen of England at Westminster Abbey, OPEC once again tries to prove itself as kingpin of the oil market. With an acronymtastic day today,...
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Kinder Morgan gets FERC approval on LNG export project
The Federal Energy Regulatory Commission authorized Kinder Morgan’s Elba Liquefaction Project that will liquefy natural gas and export the product from Elba Island, which is near Savannah, Georgia. Source: FuelFix
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U.S. renewable energy capacity to more than double by 2040, EIA forecasts
A new report from the U.S. government predicts the amount of renewable energy on the electricity grid will more than double by 2040 to close to 500 gigawatts of capacity. That presumes the Obama administration’s...
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National Oilwell Varco scoops up Trican business
While not one of the biggest financial moves, the purchase positions NOV to expand more into the onshore shale markets. NOV is an oil field services and rig manufacturing giant that often has invested more...
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OPEC keeps status quo after failing to agree on output cap
OPEC will stick to its policy of unfettered oil production after members failed to agree on a new output ceiling. Crude extended its decline in London. The meeting didn’t produce a supply accord but did...
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