Archives for 2017
Market Currents: Atlantic Basin crude increasingly heading to Asia
After oil prices spiked higher overnight amid a U.S. airstrike on Syria, an underwhelming monthly employment report this morning has helped to unravel most of these gains. As the market awaits CFTC and rig count...
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Investment in renewable energy dips globally as prices fall
BERLIN — Global investments in renewable energy fell by almost a quarter in 2016 amid a drop in prices and lower spending in some markets, according to a U.N.-backed report published Thursday. Overall investments reached...
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Market Currents: Floating storage holding up, despite Iran drop
Oil is ticking higher today, as the market continues to bet on the prospect of market tightening. As Nonfarm payrolls beckon tomorrow, hark, here are five things to consider in oil markets today. 1) While...
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Oil bust claimed a third of service workers, but job market improving
The oil-market collapse that began nearly three years ago forced U.S. oil producers to dramatically curb drilling, eating into profits. But the companies that supplied them drilling equipment and hydraulic fracturing services felt the oil-market...
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BP cuts CEO’s maximum pay to appease investors
BP Plc plans to cut Chief Executive Officer Bob Dudley’s maximum pay by as much as $3.7 million over the next three years as the oil producer tries to avoid a repeat of last year’s...
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