Archives for 2016
Market Currents: OPEC promises vs. OPEC realities
The crude complex is finally taking a breather after the recent OPEC-sponsored rally. We’re now faced with the juxtapositioning of rising OPEC output versus promised cuts; something which could well become a recurring theme over...
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Mexico oil auction succeeds in drawing world’s biggest drillers
Mexico’s first competitive deep-water oil auction surpassed expectations as eight of 10 blocks were awarded to some of the world’s top oil companies. The National Hydrocarbons Commission awarded all four blocks in the oil-rich Perdido...
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Crippled Latin oil giants get no miracle cure in OPEC rally
For the three titans of Latin American oil — Pemex, PDVSA and Petrobras — last week’s OPEC-driven price rally won’t be enough to halt a slow descent from the ranks of international crude heavyweights. Even...
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IHI E&C removes top leadership for failing to meet performance goals
Japan-based IHI Corp. removed the top two executives of its Houston energy engineering and construction subsidiary for failing to meet performance goals. The move comes two months after IHI terminated nearly 20 percent of its Houston...
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Market Currents: Oil rally boosting hedging, job prospects
It is International Ninja Day, and oil is stealthily climbing higher to another daily gain. As OPEC optimism abounds, prices push higher for a fourth consecutive day to start the new week. Hark, here are...
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