News
Gasoline prices set to rise in the coming months
Gasoline prices are set to start rising again in the spring and summer to mark the seasonal shift to a busier driving season with more expensive summer-grade fuels. Late February typically marks the time when...
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Market Currents: U.S. Producers feel the love on Valentine’s Day
In honor of Valentine’s Day, oil prices are following the arc of Cupid’s arrow, and heading higher. Although another likely bearish weekly inventory report lies in store tomorrow, production cut expectations carry more influence –...
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Apache reveals new Alpine High results, disappoints analysts
Shares of Apache Corp. fell in early trading on Tuesday after releasing well results from its new West Texas discovery, Alpine High, which some analysts viewed as disappointing. The Houston-based company announced in September the...
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Marathon affiliate buys Enbridge pipeline for $220 million
Marathon Petroleum’s pipeline affiliate, MPLX, said it will buy an Oklahoma-to-Illinois pipeline system from Enbridge for $220 million. Ohio-based MPLX will take over the 433-mile crude oil pipeline that originates in the Cushing, Oklahoma storage...
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January drilling permits up from 2016
The number of drilling permits filed to the Railroad Commission of Texas in January was nearly double what it was a year ago, a sign that the oil and gas industry is recovering as oil...
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