Gasoline prices already rising after tentative OPEC deal
Local prices at the pump rose to an average of $1.96 per gallon of regular unleaded gasoline, which compares to a statewide average of $1.98 and $2.22 nationwide, according to GasBuddy, which tracks fuel prices...
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Market Currents: Shrinking U.S. imports of Mexican oil
It’s a new quarter, a new dawn, a new day…and OPEC is feeling good. Brent crude prices have touched the $50 mark today before heading lower again, on signs that OPEC production continues to rise….ahead...
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Marathon agrees to sell $235 million in non-operated assets
Marathon Oil Corp. has agreed to a $235 million sale of certain West Texas and New Mexico assets. The non-operated properties generated an average of 4,000 barrels of oil equivalent per day during the first...
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Iran sells fuel condensate to BP
Iran’s semi-official Mehr news agency is reporting that the country has sold fuel condensate to BP and another firm for the first time since last year’s landmark nuclear deal. The Monday report quotes Mohsen Ghamsari,...
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Oil rises to 3-month high as investors study OPEC agreement
Oil climbed to the highest level in three months in New York as traders continued to assess last week’s change in OPEC policy. U.S. crude futures rose as much as 1.3 percent after advancing 8.5...
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