Archives for 2016
Market Currents: Saudi targets Asian oil exports
Happy Nonfarm Friday! After selling off strongly so far this week, oil prices are mustering a bounce into the holiday weekend, encouraged higher by an underwhelming employment report and an (initial) strong sell-off in the...
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Exxon ignores near-term glut to play long game with LNG
When it comes to natural gas, Exxon Mobil believes in playing the long game. As competitors continue to flood the world market with a liquefied form of the fuel, depressing prices, Exxon is heeding the...
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Baker Hughes cuts employee pay 5 percent through furloughs
The new “temporary pay reduction” program will cut salaries by 5 percent from Sept. 11 through the end of the year by designating four new unpaid holidays for workers — Oct. 10, Nov. 23, Dec....
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15 percent of Gulf oil production shut in ahead of Hermine, feds say
Offshore safety officials say oil companies have shut in more than 15 percent of the crude production in the Gulf of Mexico and have evacuated workers from 10 production platforms and one drilling rig in...
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Market Currents: U.S. importing more Colombian oil
As we move into September, the return of oversupply fears are clobbering the crude complex lower, with gasoline leading the charge. Hark, here are five things to consider in oil markets today: 1) Back in...
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