Archives for 2017
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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As prices rise, oil companies drill down on industrial cyber security
In recent months, more U.S. oil company boards have demanded IT managers prove refineries and drilling rigs are protected against cyberattacks, the chief of a security firm says. Rising oil prices and increased awareness of...
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With China deal, U.S. poised for new LNG boom
A new deal struck between China and the U.S. links the world’s largest liquefied natural gas growth market to the fastest-growing LNG exporter, and may encourage a new round of expansion along the Gulf Coast....
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