News
NRG wins bid to buy Texas solar farm and more from SunEdison
The deal still needs final approval in bankruptcy court, but NRG would acquire the 200-megawatt Buckthorn solar farm in Pecos County. The delayed solar project, which is slated for completion next year, would make the...
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Oil declines as IEA says surplus will last longer than expected
Oil declined as the International Energy Agency changed its view on the global oversupply, seeing a glut persisting into 2017. Futures dropped as much as 2.7 percent in New York after gaining 0.9 percent Monday. The oil...
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Saudis in the hunt for LyondellBasell refinery, experts say
The Saudi national oil company is making a bid to significantly expand its operations in the United States at a critical moment in the always uneasy relations between the United States and Saudi Arabia. The...
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Anadarko buying Gulf of Mexico assets for $2 billion
Anadarko Petroleum is planning to snap up offshore property in the Gulf of Mexico for $2 billion in a deal that doubles the company’s foothold in the Lucius deep-water field. The Woodlands-based oil explorer said...
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Market Currents: Few bullish signs from OPEC
Oil prices have reversed losses and are heading higher today, despite a bearish-tilted monthly OPEC report. The US dollar has pulled a U-turn, and weakness is encouraging crude higher once more. Hark, here are five...
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