Archives for 2016
Market Currents: Record OPEC oil exports to China & India
Oil is closing in on the highs for the year in response to a surprise draw to crude inventories (all paths lead back to energy, all inventory surprises lead back to imports), while OPEC rhetoric...
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Crude prices climb as U.S. stockpile falls
HOUSTON – The nation’s crude stockpile sank by 5.2 million barrels last week, the Energy Information Administration said Wednesday, as imports declined by nearly 1 million barrels a day. “It’s a fairly sizable amount, and...
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Oil companies keep paying for Permian land; ‘High-water numbers,’ analyst says
Oil companies continue buying acreage in West Texas’s prolific Permian Basin. This time, it was Denver’s SM Energy, announcing Tuesday it was picking up 35,700 acres in Howard and Martin counties, north and west of...
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Compensation for solar power not enough, nonprofit report finds
Utility customers around the country who rely on individual solar power generation could be under-compensated by their local utility companies, according to research compiled by Environment Texas and released this week. Forty-one states in the U.S. offer...
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Halliburton reports tiny profit as the oil bust begins to fizzle out
Oilfield services giant Halliburton on Wednesday reported a small profit and a stable workforce for the first time this year as the nearly two-year oil bust begins to fade. The Houston company said it earned...
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