Archives for May 2017
Secretary Perry: ‘Market will drive itself’ without OPEC
OPEC might have lost its grip on controlling the oil markets because of increased production pouring out of American shale plays, said Secretary of Energy Rick Perry, who made a stop in Houston for a...
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Texas Supreme Court says landowners can sue over oil and gas contamination
The Texas Supreme Court ruled late last month that the Railroad Commission of Texas, the state’s oil and gas regulator, does not have exclusive jurisdiction over environmental contamination cases, which can be settled in court....
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OPEC, Russia hint at extending output cuts into 2018; oil jumps
Oil jumped to its highest level in more than two weeks after Saudi Arabian and Russian energy ministers stoked expectations that production cuts might be extended for as much as nine months. Futures added as...
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Gasoline prices dip again
Gasoline prices in Houston keep falling. Average retail prices dipped another 3 cents per gallon over the last week to $2.18 on Sunday, according to the gasoline consultancy GasBuddy’s daily survey of about 2,500 gas...
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U.S. rig count climbs for 17th week
Even as oil prices tumbled further below $50 a barrel, U.S. companies sent nine more oil-drilling rigs to fields in Texas and other states over the past week, Baker Hughes said Friday. That brought the...
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