Archives for 2017
Even at $40 oil, U.S. shale will still grow in 2017, Rystad says
U.S. oil prices have dropped below $50 a barrel in recent weeks, in part because traders worry shale drillers will pump a lot more crude than the world needs this year. But analysts believe even...
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Big investors urge oil companies to tackle methane leaks
Thirty institutional investors managing more than $3 trillion in assets have announced a new initiative to encourage global oil and gas companies, including utilities, to measure, report and reduce methane emissions. The initiative, coordinated by...
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Dow Chemical to spend $4 billion in Texas, Michigan and Europe expansions
Dow Chemical said Thursday it’s planning to spend $4 billion in further expansions in Texas, its Michigan headquarters and in Europe. The chemical giant will keep growing its largest industrial campus — south of Houston...
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Exxon Mobil buying petrochemical plant for nearly $2 billion
Exxon Mobil said it will buy a massive petrochemical plant in Singapore from a financially struggling company at a discounted price. Exxon Mobil is acquiring the aromatics chemical plant, which just opened in 2014 in Singapore’s...
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Market Currents: OPEC’s losing battle?
Oil is rallying for a second consecutive day, with continued positive momentum from yesterday’s weekly inventory report, in combination with rising hopes of deeper and/or longer production cut commitments by OPEC. (OPEC cuts are starting...
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