Archives for 2016
Market Currents: Hurricane Matthew’s impact on US oil market
And we welcome the distraction of tomorrow’s inventory report with open arms, as well as Nonfarm Friday after that, as it takes some focus away from the ongoing OPEC shenanigans. As prices maintain a footing...
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BP’s U.K. Clair oil field still closed after leak at sea
BP’s Clair offshore field near the U.K.’s Shetland Islands is still shut following an oil leak. BP, which operates the field, said it wants to be “completely certain” the technical issue that caused the leak...
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Gasoline prices already rising after tentative OPEC deal
Local prices at the pump rose to an average of $1.96 per gallon of regular unleaded gasoline, which compares to a statewide average of $1.98 and $2.22 nationwide, according to GasBuddy, which tracks fuel prices...
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Market Currents: Shrinking U.S. imports of Mexican oil
It’s a new quarter, a new dawn, a new day…and OPEC is feeling good. Brent crude prices have touched the $50 mark today before heading lower again, on signs that OPEC production continues to rise….ahead...
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Marathon agrees to sell $235 million in non-operated assets
Marathon Oil Corp. has agreed to a $235 million sale of certain West Texas and New Mexico assets. The non-operated properties generated an average of 4,000 barrels of oil equivalent per day during the first...
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