Archives for 2016
Oil’s 4-day run comes to an end
Oil halted its advance after the biggest four-day gain since April as weekly industry data showed U.S. gasoline stockpiles expanded, keeping supplies at the highest seasonal level in more than two decades. West Texas Intermediate...
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Market Currents: OPEC oil exports at 25 million barrels per day
Conflicting commentary from various key global producers about a potential production freeze continues to encourage prices higher. A shifting focus towards another round of impending inventory data awaits us tomorrow, but today my friends, prices...
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Oil tycoon Pickens boosted energy holdings as rigs bottomed out
Oil tycoon T. Boone Pickens boosted the value of his energy holdings by more than one-third in the second quarter, just as the U.S. oil rig count was bottoming out from the worst crude-market crash...
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Al Gore says climate change exacerbated Houston, Louisiana floods
Former Vice President Al Gore warned Tuesday that rapid flooding events — like in Houston this spring and southern Louisiana right now — are exacerbated by climate change and could continue to worsen without taking...
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Middle East residents ready to give up energy subsidies, research finds
Residents of the Middle East are ready to give up energy subsidies, overturning another long-held assumption about the politics of oil producing countries, according to new research from Rice University. Persian Gulf countries have posted...
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