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Texas oil job losses expected to continue for months despite price rally
HOUSTON – Texas oil drillers have lost one in three jobs to the furious downturn in energy prices over the past two years, and mass layoffs could continue for months even though oil prices are...
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Dow Chemical completes full takeover of Dow Corning
Dow Corning had previously been equally owned by Dow Chemical and Corning Inc. It had revenue of more than $4.5 billion in 2015. The companies still maintain equal equity interests in Hemlock Semiconductor Group, a...
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Texas manufacturers post weakest month in a year
The production index, a key measure of state manufacturing conditions, fell from 5.8 all the way down to minus-13.1. An index below zero indicates a decline in activity, according to a monthly survey data from...
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Cobalt taps BHP Billiton exec for CEO role
HOUSTON — Deep-water oil producer Cobalt International Energy says it hired as chief executive the man who ran BHP Billiton’s U.S. oil business. BHP Billiton executive Tim Cutt left the Australian mining giant after several...
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Market Currents: Chinese oil imports driven higher by ‘teapots’
One hundred and fifty-seven years after Big Ben was started, and the oil market is counting down the clock to an onslaught of economic data from the ringing in of a new month, as well...
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