Archives for 2016
Investors splurge with $28 billion in U.S. driller stock sales this year
Wall Street investors have poured an unprecedented sum of cash into U.S. drillers this year, providing cover from low prices and a chance to rearrange the board in oil-rich West Texas and Oklahoma. Oil extraction...
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OPEC forecasts increased oil demand, slow rise in prices
OPEC raised its forecast for global oil demand next year and through the end of the decade, anticipating that cheaper crude will spur consumption even as economic growth slows. Demand will reach 95.3 million barrels...
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BP buys jet fuel made from garbage to curb air pollution
BP Plc will invest $30 million in Fulcrum BioEnergy Inc., which makes biofuel from garbage, in a new partnership designed to curb airplane pollution. The London-based oil-producer also signed a 10-year deal to buy 500...
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Total, China in first Iran gas deal since sanctions lifted
Iran signed a $4.8 billion natural gas development project with energy giants Total SA and China National Petroleum Corp., marking the first joint venture with international partners since sanctions on the Persian Gulf nation were...
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Gasoline pipeline restarts after explosion, fire in Alabama
The largest U.S. gasoline pipeline restarted Sunday morning, six days after an explosion and fire in Alabama during planned work on the line. Crews removed the affected portion of the pipeline from the blast on...
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