Archives for 2016
Crude stockpiles slip as demand, consumption jump
Stockpiles of crude oil fell slightly last week after a huge decline the previous week, renewing hope that the energy industry is working through surplus supplies amid growing U.S. demand. Commercial crude inventories slipped by...
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Market Currents: OPEC members seeing record production
The combination of a strong US dollar and a weak IEA report is clobbering crude today. As the market limbers up for tomorrow’s EIA report, hark, here are five things to consider in oil markets...
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NRG wins bid to buy Texas solar farm and more from SunEdison
The deal still needs final approval in bankruptcy court, but NRG would acquire the 200-megawatt Buckthorn solar farm in Pecos County. The delayed solar project, which is slated for completion next year, would make the...
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Oil declines as IEA says surplus will last longer than expected
Oil declined as the International Energy Agency changed its view on the global oversupply, seeing a glut persisting into 2017. Futures dropped as much as 2.7 percent in New York after gaining 0.9 percent Monday. The oil...
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Saudis in the hunt for LyondellBasell refinery, experts say
The Saudi national oil company is making a bid to significantly expand its operations in the United States at a critical moment in the always uneasy relations between the United States and Saudi Arabia. The...
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