Archives for 2017
More oil: Permian keeps on drilling
Drillers in the Permian Basin just keep cranking out more oil. Crude production in the Permian increased by 57,700 barrels per day from February to March, according to a new report from the Federal Reserve...
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Market Currents: Crude waiting offshore in the U.S. Gulf is rising
Oil is trying to recover after yesterday’s shellacking, but oversupply fears still remain. As rumors and murmurs circulate about an extension to the OPEC production cut, hark, here are five things to consider in oil markets...
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Olin opens bleach plant in Freeport
Olin Corp. said Thursday it has opened its new industrial bleach production plant south of Houston in Freeport. The project is Missouri-based Olin’s first Texas expansion since merging two years ago with Dow Chemical’s chlorine...
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Oil and gas numbers boom; ‘A new cycle of expansion,’ expert says
The oil and gas industry is well into its recovery and embarking on “a new cycle of expansion,” according to the Texas Petro Index released Wednesday. The rig count is up 40 percent over the...
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Market Currents: Saudi’s balancing act
After a lesser draw than expected to crude inventories, oil is selling off on this third Wednesday in April. As strong imports from the Middle East this week should help to buoy inventories for next...
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