News
Market Currents: OPEC still sees surplus despite cuts
Fun and games for the next few days have been kicked off by the release of the monthly OPEC report, with a monthly IEA and weekly EIA report to follow tomorrow. Immediate oil prices are...
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OPEC slashes production but sees higher U.S. output ahead
OPEC cut oil production in December by the largest amount in more than two years, but the cartel believes U.S. output will rise faster than previously expected. Crude production in Saudi Arabia and other member...
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Community debate grows over Exxon-Saudi chemical plant
The fate of a $10 billion chemicals and plastics plant proposed by Exxon Mobil and Saudi Arabia’s largest chemical company could be determined by a community school board north of Corpus Christi. The Gregory-Portland Independent...
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Oil production accelerating in the Permian Basin, EIA says
Oil production in the Permian Basin could rise by 53,000 barrels a day by next month, the Energy Department said Tuesday, and analysts expect the flurry of West Texas land deals to keep drillers pumping...
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Swift Energy, Transocean lay off dozens of Texas employees
Two prominent Gulf Coast employers, Swift Energy Operating and Transocean Offshore Deepwater Drilling, will lay off dozens of employees this month, according to the Texas Workforce Commission. Transocean, a Switzerland-based contractor with its main U.S....
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