Archives for 2016
OPEC may hold formal meeting in bid to cut production, boost prices
OPEC may turn its planned informal meeting in Algiers next week into a formal session as it seeks ways with other producers to cut crude supplies by 1 million barrels a day to re-balance markets...
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Energy Future Holdings clears big hurdle with approval of Oncor sale
Energy Future Holdings Corp. won court approval to sell its Oncor electricity distribution business to NextEra Energy, bringing the biggest U.S. power bankruptcy one step closer to a conclusion more than two years after it...
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Exxon’s accounting practices said to be reviewed by New York
New York Attorney General Eric Schneiderman’s probe into Exxon Mobil Corp. includes scrutiny of why it didn’t write down the value of oil fields during a global collapse in prices that prompted billions in write-offs...
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Unconventional thinking aids in Apache’s Permian discovery
Unconventional thinking and a team of workers new to the Permian Basin led Apache to find a massive oil and gas field in West Texas, according to John Christmann, CEO of the Houston-based company. Apache’s find, with...
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Market Currents: West Coast importing Omani oil
Oil is charging higher to start the new week, on the ebb and flow of production freeze rhetoric and adverse developments relating to returning Libyan exports. Hark, here are five things to consider in oil...
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