Archives for 2016
Market Currents: Gasoline outage woes return
As gasoline charges higher due to another outage on the Colonial pipeline, crude prices are getting caught up in its slipstream, being dragged higher after yesterday’s drubbing. Tomorrow brings another weekly inventory report, but for...
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Anadarko dumps gas, seeks oil
Anadarko Petroleum Corp. does not see its future in natural gas, and will increasingly focus on three oil-rich basins — in West Texas, Colorado and the Gulf of Mexico, company executives said on Tuesday. The...
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LyondellBasell posts $952 million profit on stronger European margins
Houston-based petrochemical giant LyondellBasell reported a $952 million profit in the third quarter, about a 20 percent decline from the same time last year. LyondellBasell saw its profits buoyed by improved performance in Europe, while its net...
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KBR reports $63 million loss as strategic focus shifts
Houston-based KBR reported what its CEO called a disappointing $63 million loss for the third quarter — dragged down by a business it’s exiting. KBR President and Chief Executive Officer Stuart Bradie attributed the financial...
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Houston, national gas averages nudge downward as OPEC talks continue
Houston’s average retail gasoline price per gallon stood at $2.01 on Sunday, according to gas price analysis website GasBuddy.com. That figure is only 0.7 cents lower than one week ago, and the trend of somewhat...
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