FuelFix
$40 oil? No problem as U.S. drillers snub OPEC with hedges
OPEC’s worst enemy isn’t U.S. shale drillers. It’s the hedges propping them up. American oil explorers who survived the worst of the 2014-2016 market rout are shrugging off the 14 percent slide in prices this...
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Market Currents: OPEC and shale tag-team to slam crude
The double whammy of yesterday’s EIA drilling productivity report – showing rampantly rising shale production next month – combined with a bearish OPEC monthly oil market report, has sent oil prices scampering lower, testing key...
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Sunnova partners with bank to fund $200 million worth of residential solar projects
Sunnova, the Houston-based solar power company, has received $80 million in tax equity funding from a subsidiary of U.S. Bank, the U.S. Bancorp Community Development Corporation. The money will be used to fund more than...
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Oil falls as Saudis ease production cuts
Oil reversed earlier gains after Saudi Arabia told OPEC it raised output back above 10 million barrels a day in February, reversing about a third of the cuts it made the previous month. Futures fell...
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Proposed Trump tax cut could save drillers $10 billion
The Trump administration’s plan to slash corporate tax rates could free up more than $10 billion a year for U.S. oil explorers, opening new opportunities to boost drilling at a time of uncertainty in the...
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