Archives for February 2017
Market Currents: US Gulf Coast oil inventories reach record
Today’s price action has been a case of sell the rumor, buy the (bearish) fact, as the affirmation of a gargantuan crude build from today’s weekly EIA report has stoked some buying interest. All we...
Click here 0 2,482
U.S. coal production on the rise — for now
Coal production is expected to rise in 2017 as higher natural gas prices drive up the demand for coal, according to the U.S. Department of Energy. Coal production in the U.S. in 2016 was the...
Click here 0 2,522
James Baker among GOP group pressing carbon tax to Trump
Some big name Republicans have joined on to a coalition lobbying to combat climate change through a carbon tax. A group that includes former Secretary of State James Baker III, former Treasury Secretary Hank Paulson, former...
Click here 0 2,583
Parsley Energy ‘on tear’; will spend $2.8 billion on Permian land
Parsley Energy is buying rights to undeveloped acres in the heart of West Texas’ Permian Basin from Double Eagle Energy for $2.8 billion, continuing a run of high-priced acquisitions in the area. It is the...
Click here 0 2,649
Crude oil inventories skyrocket
The nation’s crude oil stockpiles took a big jump last week with the addition of 13.8 million barrels of oil in storage, according to the Energy Department. That represents a 2.8 percent increase in commercial...
Click here 0 2,676
