Archives for January 2017
Two shareholders make a bid to redirect NRG Energy
Two shareholders of Houston-based NRG Energy have teamed to buy a greater share of the company in a bid to get a seat on NRG’s board of directors. Elliott Associates, a hedge fund, and Dallas-based...
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Panel: OPEC cuts to come largely in line with promises
OPEC’s track record of cheating on promised oil production cuts since the 1980s has given crude markets pause in recent days. But the cartel will probably comply with at least 80 percent of the recently...
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Plains All American to expand Cactus pipeline in West Texas
Houston-based Plains All American Pipeline is expanding capacity of a section of its Cactus pipeline in West Texas to about 390,000 barrels per day, the company said on Wednesday. The expansion, of about 70 miles...
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Market Currents: OPEC still sees surplus despite cuts
Fun and games for the next few days have been kicked off by the release of the monthly OPEC report, with a monthly IEA and weekly EIA report to follow tomorrow. Immediate oil prices are...
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OPEC slashes production but sees higher U.S. output ahead
OPEC cut oil production in December by the largest amount in more than two years, but the cartel believes U.S. output will rise faster than previously expected. Crude production in Saudi Arabia and other member...
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