News
U.S. shale gas is shaking up global LNG market
Shale drillers from Pennsylvania to Texas flooded the U.S. with so much natural gas over the past decade that prices slid to a 17-year low. Now they’re going global, with the potential to upset markets...
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Energy companies find at least 1 benefit of downturn
Oil companies, bludgeoned by the drop in oil prices, have been working feverishly to cut the cost of pulling a barrel of oil out of the ground. On Friday, Exxon Mobil and Chevron both revealed...
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U.S. drillers add 3 oil rigs back to the field
U.S. drillers put three oil rigs back in the field this week, Baker Hughes said Friday, still pushing the nation’s rig count higher even as crude prices fall back toward $40 a barrel. Companies have...
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LyondellBasell will build a major plastics plant in Texas or Louisiana
The petrochemical giant, which recently expanded its plants in the Houston and Corpus Christi areas, is looking to build near its existing footprints. The aim is to use LyondellBasell’s increased ethylene capacity to produce 1.1...
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Market Currents: Chinese crude oil imports are slowing
A weaker U.S. dollar is once again wafting smelling salts under the nose of the crude market, and this time it appears to be working. A large miss for preliminary Q2 U.S. GDP has further stoked...
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