Archives for April 2017
Permian Basin again surges in rig count
The Permian Basin almost highhandedly led another big jump this week in the amount of rigs actively drilling for oil and gas. West Texas’ Permian saw 12 drilling rigs added to the oil patch this...
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Oil price impact of U.S. strike in Syria depends on scope of conflict
Oil prices on Friday pared gains after the U.S. missile strike against a Syrian air base sent prices up 2.4 percent to nearly $53 a barrel overnight. The U.S. crude benchmark edged down to $51.93...
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Is oil and gas finally embracing digital?
According to the consultants who whisper in the ears of oil and gas executives, the energy industry is on the brink, finally, of embracing the digital world. “Digital” has been a buzzword in the energy...
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Market Currents: Atlantic Basin crude increasingly heading to Asia
After oil prices spiked higher overnight amid a U.S. airstrike on Syria, an underwhelming monthly employment report this morning has helped to unravel most of these gains. As the market awaits CFTC and rig count...
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Investment in renewable energy dips globally as prices fall
BERLIN — Global investments in renewable energy fell by almost a quarter in 2016 amid a drop in prices and lower spending in some markets, according to a U.N.-backed report published Thursday. Overall investments reached...
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