News
U.S. energy consumption down again in 2015
The almost decadelong decline in U.S. energy consumption continued in 2015. According to a new report from the U.S. Energy Information Administration, overall energy use fell to 97,523 trillion British thermal units – contributing to...
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Exxon grabs reins in InterOil hunt as rivals bow out
Exxon Mobil Corp. has a clear path to expanding its reach in Papua New Guinea after its rivals said they wouldn’t counter a $2.5 billion bid for gas explorer InterOil Corp. Oil Search Ltd. and...
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Drilling, IPO unaffected by oil price, Saudi Aramco chief says
Saudi Arabia’s oil and natural gas production and drilling activities are unaffected by crude prices at current levels, the state-run producer’s chief executive officer said, signaling that the world’s biggest oil exporter will continue to...
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CenterPoint raising Houston electricity transmission fees
The Public Utility Commission of Texas approved a compromise settlement Wednesday that’s a little lower than the initial request after the CenterPoint proposal was challenged by the Houston City Council and the Gulf Coast Coalition...
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Market Currents: Saudi’s share of key oil markets is falling
Crude prices have reversed losses post-inventory report, despite a bearish build to gasoline stocks. As crude tries to clamber away from key technical support, hark, here are five things to consider in markets today. 1)...
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