Archives for 2017
Under Trump, U.S. less attractive for renewable energy investment
The Trump administration’s plans to dismantle the Clean Power Plan and its waffling on the Paris climate accords could push renewable energy investors away from the United States, according to a report released this week from...
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Prices rise as oil, fuel inventories continue to fall
More bullish news for oil producers came out Wednesday with data indicating the nation’s large stockpiles of crude oil and refined fuels are shrinking. U.S. commercial crude inventories fell by 1.8 million barrels last week,...
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Drilling applications backing up at Bureau of Land Management
President Donald Trump’s pledge to open oil and gas drilling on federal lands has hit a bureaucratic log jam. More than 3,000 applications for drilling permits are awaiting review at the Bureau of Land Management,...
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Market Currents: Russian crude flows to U.S. continue
Talk of rebalancing from the IEA and OPEC / NOPEC assurances of an extended production cut have not been enough to encourage the market higher. Even though global crude flows are showing new trends, the...
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Conoco investors reject exec pay in advisory vote
Investors rejected a compensation plan for ConocoPhillips’ top executives in an advisory vote on Monday, signaling disapproval in the company’s pay levels last year. Sixty-eight percent of the Houston oil company’s shareholders voted against or...
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