Archives for 2017
Market Currents: Asian oil reliance continues to grow
With markets closed today to witness Martin Luther King Jr. Day, prices are not surprisingly rather subdued amid quiet electronic trading. Nonetheless, fun and games will ramp up from tomorrow, with OPEC’s monthly oil report out...
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The fall of Black Elk
The fall of Black Elk Energy began in New York City nearly a decade ago, with a meeting, a handshake and a loan. Looking back, those were halcyon days for John Hoffman, founder of the...
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Coal lost hold as dominant energy source in 2016
Natural gas use surpassed coal as a main source of electricity in the U.S. in 2016, the first time that a fuel other than coal has supplied the bulk of the nation’s power, according to...
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Average Houston gas price drops 1.6 cents
The average price for a gallon of regular gasoline on Sunday stood at $2.12, down about cents from one week ago, according to GasBuddy.com’s survey of more than 2,500 Houston-area gas stations. The price average is...
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Saudis say output cuts unlikely to last beyond June
Oil traded near $52 a barrel as Saudi Arabia’s energy minister said it was unlikely OPEC would extend its supply cuts beyond June and the U.S. drilling expansion paused. Futures were little changed in New...
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