News
Market Currents: OPEC exports to Asia to drop
Happy Nonfarm Friday! It is the first Friday of the year, hence we get our first monthly dose of official US unemployment data. Job creation last month was below par, but it was offset by...
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Canada rules out Arctic drilling extensions for Exxon, BP
The Canadian government says it won’t grant extensions to exploration licenses for Exxon Mobil Corp., BP Plc and other oil firms as it prepares for consultations over the impact of an Arctic drilling moratorium. The...
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Will OPEC deliver on output cuts? What to watch
The promise of production cuts from OPEC and its partners sent oil rallying in 2016. Now traders want proof they’re delivering on those vows. It won’t come easy. The challenge: Building a coherent picture from...
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OPEC exports go ‘hell for leather’ ahead of cuts
The phrase ‘hell for leather‘ first appeared in the Rudyard Kipling story, ‘The Valley of the Shadow’, relating to riding on horseback, and defined as ‘breakneck speed, or with reckless determination’. This is a more than...
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Gulf platform fire extinguished; no injuries reported
Firefighting vessels extinguished an early morning fire on an oil production platform in the Gulf of Mexico, authorities said Thursday. There were no signs of pollution in the area and no injuries reported. The blaze...
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