Archives for 2016
Why abundant energy resources are a problem for next president
In June of 2008, the last time there was an open race for the White House, this is what the Energy Department said the new president would face: domestic oil production near historic lows,...
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OIl trims weekly gains as market discounts drop in inventories
Oil trimmed its weekly gain after the biggest U.S. stockpile slump in 17 years was seen as a one-off caused by a tropical storm that disrupted imports and offshore production. Futures dropped 2.1 percent in...
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Market Currents: OPEC oil exports hit new record
As a humongous draw to oil inventories has wrong-footed the market, crude prices have ripped higher in response. Hark, here are five things to consider in oil markets today: 1) Let’s cut to the chase;...
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Oil, gasoline inventories plunge; crude prices rise
Stockpiles of crude oil and gasoline plunged week, more than offsetting recent increases in inventories and sending oil prices soaring. The Energy Department said Wednesday that commercial rude inventories fell by 14.5 million barrels, after...
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New dragon ships ‘create virtual pipeline across the Atlantic’
The United States’ shale gas revolution created an over-supply of ethane, even in spite of a bevy of new chemical plants built along the Gulf Coast. Houston-based Enterprise Products Partners and Switzerland-based Ineos teamed up...
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