Archives for January 2017
Will OPEC deliver on output cuts? What to watch
The promise of production cuts from OPEC and its partners sent oil rallying in 2016. Now traders want proof they’re delivering on those vows. It won’t come easy. The challenge: Building a coherent picture from...
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OPEC exports go ‘hell for leather’ ahead of cuts
The phrase ‘hell for leather‘ first appeared in the Rudyard Kipling story, ‘The Valley of the Shadow’, relating to riding on horseback, and defined as ‘breakneck speed, or with reckless determination’. This is a more than...
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Gulf platform fire extinguished; no injuries reported
Firefighting vessels extinguished an early morning fire on an oil production platform in the Gulf of Mexico, authorities said Thursday. There were no signs of pollution in the area and no injuries reported. The blaze...
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Analysis: Big Oil’s moment in the sun will be brief
By Chris Bryant With oil prices near an 18-month high and Donald Trump about to enter the White House (joined by Exxon Mobil Corp.’s Rex Tillerson as Secretary of State), big oil’s enjoying a moment...
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Oil stocks fall but total petroleum inventories rise
U.S. crude oil inventories fell by 7.1 million barrels last week, boosting industry hopes that high demand will reduce stockpiles and increase prices. Still, the country’s oil stocks remain full, the U.S. Department of Energy...
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