Archives for 2016
Oil firms expected to increase capital spending in 2017
The oil industry may be ready to open its wallet after two years of slashing investments. Companies will spend 2.5 percent more on capital expenditure next year than they did this year, the first yearly...
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Cheap gas means U.S. should ease auto efficiency, lawmakers say
The U.S. auto industry got strong backing from Republicans in Congress as it petitions the federal government for an easing of fuel-economy rules that carmakers say they cannot meet with low gasoline prices. Leaders on...
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Drilling wastewater caused Texas earthquakes, according to space-based radar
By Seth Borenstein Associated Press Scientists used radar from satellites to show that five Texas earthquakes, one reaching magnitude 4.8, were caused by injections of wastewater in drilling for oil and gas. In 2012 and...
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Market Currents: Colonial pipeline outage leaves imbalanced gasoline markets
After being surprised by the voracity of the weekly oil inventory draw yesterday, oil prices have been rallying ever since. Today a move higher is being further encouraged by a weakening dollar in the aftermath...
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Downturn shifts to pipeline companies
Oil and gas executives think the industry downturn is on its way out for producers and drillers, but, perhaps, getting worse for pipeline companies. Almost two-thirds of the industry professionals contacted in consulting firm Deloitte’s...
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