Crippled Latin oil giants get no miracle cure in OPEC rally
For the three titans of Latin American oil — Pemex, PDVSA and Petrobras — last week’s OPEC-driven price rally won’t be enough to halt a slow descent from the ranks of international crude heavyweights. Even...
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IHI E&C removes top leadership for failing to meet performance goals
Japan-based IHI Corp. removed the top two executives of its Houston energy engineering and construction subsidiary for failing to meet performance goals. The move comes two months after IHI terminated nearly 20 percent of its Houston...
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Market Currents: Oil rally boosting hedging, job prospects
It is International Ninja Day, and oil is stealthily climbing higher to another daily gain. As OPEC optimism abounds, prices push higher for a fourth consecutive day to start the new week. Hark, here are...
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Gas prices are likely to continue rising. Here’s why.
Rallying oil prices on the heels of OPEC’s production cut decision began to lift gas prices this past week, raising the national average 4.4 cents to $2.18 per gallon. Patrick DeHaan, senior petroleum analyst at...
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Setback is probably only temporary for Dakota Access Pipeline
The U.S. Army Corps of Engineers decision to deny a permit for Energy Transfer Partners to build a section of the $3.8 billion Dakota Access Pipeline in North Dakota is likely to be a temporary...
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