Archives for 2016
Winners and losers in OPEC’s plan to cut production
The Organization of Petroleum Exporting Countries’ agreement to cut production ends two years of Saudi Arabia’s pump-at-will policies, which had sunk oil prices to the joy of drivers in the Western world and the consternation of central...
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Oil prices jump on reports of OPEC production cut
Oil extended gains on speculation that OPEC agreed to cut production for the first time in eight years. Stocks climbed and the dollar fell. Crude futures surged 5.3 percent to $47.05 a barrel in New...
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Market Currents: OPEC oil exports still to rise
Crude is sailing in rough seas today, as the combo of an informal OPEC meeting and a surprising weekly inventory report has pushed and prodded prices around thus far. Hark, here are five things to...
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Wind, solar costs plummeting, Energy Department reports
A new report from the Department of Energy catalogs just how much renewable energy prices have fallen in recent years. Since 2008 – probably not coincidentally the year President Obama was elected to the White...
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Swift Energy names longtime Chesapeake CFO as new chairman
Swift Energy struggled financially before and during the ongoing oil bust and filed for Chapter 11 bankruptcy protection last year. But the restructuring only lasted a few months and Swift became one of the first...
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