Archives for 2016
Iran sells fuel condensate to BP
Iran’s semi-official Mehr news agency is reporting that the country has sold fuel condensate to BP and another firm for the first time since last year’s landmark nuclear deal. The Monday report quotes Mohsen Ghamsari,...
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Oil rises to 3-month high as investors study OPEC agreement
Oil climbed to the highest level in three months in New York as traders continued to assess last week’s change in OPEC policy. U.S. crude futures rose as much as 1.3 percent after advancing 8.5...
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Oil advances to second monthly gain, propelled by OPEC deal
Oil advanced to its a second monthly gain, after OPEC agreed to its first production cut in eight years on Wednesday. Futures rose as much as 0.9 percent in New York as the dollar retreated,...
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U.S. probes Chesapeake Energy over possible antitrust violations
OKLAHOMA CITY — The U.S. Department of Justice has opened an investigation into possible antitrust violations by Chesapeake Energy Corp. The agency has subpoenaed documents related to how the driller pays royalty owners and accounts...
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Energy companies dispatch 11 more rigs to U.S. oil patch
Energy companies sent 11 more drilling rigs into U.S. oilfields this week, another sign that an industry recovery is underway as prices stabilize, the oilfield services firm Baker Hughes reported Friday. The number of active...
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