Archives for April 2017
Commercial crude stockpiles keep rising
The nation’s record-high stockpile of commercial crude oil rose by another 1.6 million barrels last week, only partially offset by small draw downs in fuel inventories. Gasoline stockpiles fell by 600,000 barrels, while inventories for distillate...
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Renewables boom; Total U.S. energy consumption inches up
Total energy consumption in the United States increased slightly last year over 2015, pushed largely by a boom in solar, wind and hydro-electric power, according to the Department of Energy. Consumption of coal decreased by...
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Deep-water project costs down by a fifth, Wood Mac says
The costs of expensive deep-water oil projects have shrunk by a fifth on average since crude prices collapsed in the summer of 2014, Wood Mackenzie said in a recent report. The energy research firm believes...
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Crude extends gains on inventory hopes
Oil rose to the highest in almost a month as investor focus returned to U.S. crude inventories after supply disruptions and optimism over OPEC’s output curbs drove a rally in the past week. Futures added...
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Solar power increases in Houston, but still lags behind San Antonio
Houston lags behind Texas’ other major cities when it comes to solar power, but the city is making steady gains, according to report released Tuesday by Environment Texas, an environmental non-profit. Houston increased its solar...
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