Archives for 2016
Effects of pipeline leak still affect nation’s gas prices
Average gasoline prices in Houston and Texas fell by more than 1 cent even as pipeline disruptions sent costs soaring throughout much of the Southeast. The average cost of a gallon of regular unleaded gasoline...
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Rig count sees small gain amid double whammy for oil
The amount of rigs in the U.S. drilling for oil jumped slightly by two this week in advance of bad new for oil prices on Friday. The double whammy for oil prices included Saudi Arabia...
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Mexico could open shale fields to U.S. drillers next year
Mexico could open up its vast shale oil fields to U.S. drillers as soon as next year, the Mexican energy secretary said Friday. Pedro Joaquin Coldwell, speaking to energy executives, attorneys and academics at Rice...
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Market Currents: OPEC shenanigans persist
Crude prices are selling off, aided by Saudi comments that a decision will not be forthcoming from next week’s OPEC meeting in Algiers. Add to this news that the Federal Reserve is looking to restrict...
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Oil downturn ‘huge blow’ to Mexico, says energy minister
The Mexican secretary of energy said on Friday that the finances of the country’s national oil company have “taken a huge blow” during the oil downturn. Pedro Joaquin Coldwell, speaking to energy executives, attorneys and...
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