Mexico could open shale fields to U.S. drillers next year
Mexico could open up its vast shale oil fields to U.S. drillers as soon as next year, the Mexican energy secretary said Friday. Pedro Joaquin Coldwell, speaking to energy executives, attorneys and academics at Rice...
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Market Currents: OPEC shenanigans persist
Crude prices are selling off, aided by Saudi comments that a decision will not be forthcoming from next week’s OPEC meeting in Algiers. Add to this news that the Federal Reserve is looking to restrict...
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Oil downturn ‘huge blow’ to Mexico, says energy minister
The Mexican secretary of energy said on Friday that the finances of the country’s national oil company have “taken a huge blow” during the oil downturn. Pedro Joaquin Coldwell, speaking to energy executives, attorneys and...
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Oil firms expected to increase capital spending in 2017
The oil industry may be ready to open its wallet after two years of slashing investments. Companies will spend 2.5 percent more on capital expenditure next year than they did this year, the first yearly...
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Cheap gas means U.S. should ease auto efficiency, lawmakers say
The U.S. auto industry got strong backing from Republicans in Congress as it petitions the federal government for an easing of fuel-economy rules that carmakers say they cannot meet with low gasoline prices. Leaders on...
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