Archives for January 2017
Oil heads for another week of gains
Oil headed for a second weekly increase as OPEC and other producing nations maintained they would achieve their target of cutting production to reduce bloated global inventories and stabilize the market. Front-month futures in New...
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Drillers face $43 billion cash shortfall in 2017, study says
North American drillers could face a $43 billion cash shortfall this year even with oil prices on the rise, according to a new study. U.S. shale drillers and Canadian producers would need oil prices to...
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Market Currents: OPEC hits the brakes
As production cut hopes are stoked once again, crude is pushing higher on this fourth day of the fourth week of January. While prices ultimately just pinging around in a range-bound fashion, hark, here are five...
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Protests planned against Warren, Texas Parks
Protesters expect more than 100 to rally against Texas Parks & Wildlife Department commissioner Kelcy Warren at this morning’s commission meeting in Austin. Activists are ramping up protests against the Energy Transfer Partners chief executive,...
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Baker Hughes posts $417 million loss as it prepares for GE merger
Baker Hughes reported it lost $417 million during the final quarter of 2016 as it preps for its merger with General Electric this coming spring. The Houston-based oilfield services giant’s quarter compares to a larger...
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