Archives for 2016
Crude inventories fall again; gasoline stockpiles rise
Crude oil stockpiles fell for the fourth consecutive week, declining by nearly 2 million barrels last week, the Energy Department reported Wednesday. Gasoline inventories, however, rose 2 million barrel last week. Both crude and gasoline...
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By Mike D. Smith Newfield Exploration Co. has completed its $380 million sale of oil and gas properties and undeveloped land in Texas. The independent energy company based in The Woodlands said Tuesday that its...
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Clean Power Plan case kicks off in DC Circuit
Does the Obama administration’s move to reduce carbon emissions from power plants represent a “transformative” shift for the industry or just another air pollution control? What is the difference between forcing a power plant to...
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Market Currents: Iran battles for market share in Asia
As the euro tumbles and optimism wanes from Algiers, oil prices are charging lower ahead of a likely build to crude inventories in tomorrow’s weekly inventory report. Hark, here are five things to consider in...
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DTE, Rice Energy doubling down on eastern shale gas
DTE Energy Co. and Rice Energy Inc. are the latest energy companies to make billion-dollar bets on the natural gas-rich shale formations of the eastern U.S. DTE agreed on Monday to buy natural gas pipeline...
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