Archives for 2016
Williams needs ‘Sam Zell’ of energy pipelines, Corvex says
Corvex Management’s Keith Meister said he’s looking for the “Sam Zell” of the energy pipeline industry as he plans to nominate up to 10 people for the Williams Cos. board of directors. The nominations will...
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EIA: U.S. shale oil production to fall sharply through 2017
The flow of oil from U.S. shale fields is projected by government analysts to fall 14 percent by 2017, as the reverberations of the recent crash in crude prices are felt. Production from those shale...
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Market Currents: OPEC crude oil exports set to rise further
The recent oil rally is finally hitting the brakes, with prices retracing today on supply developments relating to Iraq and Nigeria, while vehement short-covering has brought financial positioning back from the ledge of bearish extremities....
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‘Well-timed’ OPEC talk forces bears back into hiding
OPEC has done it again. Talk of a potential deal to freeze output helped push oil close to $50 a barrel and prompted money managers to cut bets on falling prices by the most ever....
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Gas prices rise for the first time in 10 weeks
Local Gasoline prices rose for the first time in 10 weeks after the recent rally in oil markets that has boosted prices about $8 a barrel since the beginning of August. The average retail price in...
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