Archives for 2016
Market Currents: OPEC oil exports reach a record (ahead of a cut?)
Prices are trying to clamber higher today amid promises from OPEC that a production cut is on the cards, while battling against the gale-force headwinds of a stronger dollar. As oil infrastructure at Cushing, Oklahoma...
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Tetra Technologies reports 3Q net loss
A lower rig count contributed to third-quarter losses for Tetra Technologies, the company reported Monday. The oil and gas services company based in The Woodlands reported a net quarterly loss of $15 million, or 16 cents per diluted...
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Electricity rates in deregulated markets expect to remain low in 2017
Wholesale electricity rates in deregulated markets are expected to remain low in 2017–good news for customers, but a bad outlook for merchant power companies, according to a report by the New York bond rating agency...
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Gas prices slip 3 cents a gallon in Houston
Houston-area drivers on average are paying about cents less per gallon than last week, according to gas price-watching website GasBuddy.com’s survey of more than 2,500 gas stations. The regional average for a gallon of regular...
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EOG chief: Industry needs $60 oil to grow
Oil companies will not produce enough crude at $40 a barrel to meet global demand, the chief executive of EOG Resources, one of the largest independent oil companies in the U.S., said on Friday. EOG...
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