Fed survey: Texas oil producers whittle down costs, boost output
In Texas and Oklahoma, oil companies can wring money out of newly drilled wells in major basins for less than $50 a barrel, a new Dallas Fed survey says. As producers cut down on drilling...
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Fuel withdrawals offset small crude oil inventories build
The nation’s record-high stockpile of crude oil rose by another 900,000 barrels last week, but that was more than offset by large draw downs in fuel inventories. Gasoline stockpiles fell by 3.7 million barrels, while...
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World’s largest beer maker commits to renewables
The world’s largest beer maker, Anheuser-Busch InBev, announced on Tuesday that 100 percent of its purchased electricity will come from renewable sources by 2025. Even as President Donald Trump begins rolling back climate regulations, AB...
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Baker Hughes offering buyouts in Europe
Houston oilfield services giant Baker Hughes is offering buyout packages to its Norway employees to help cut costs as the international energy sector continues to languish. The move comes while Baker Hughes prepares to combine...
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Market Currents: Iraqi oil exports to the U.S. rise
Two-hundred and twenty years to the day after the washing machine was patented, oil prices are continuing to spin around support at the $48 level. As buying interest returns today, ahead of the weekly inventory...
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