News
How did Texas’ oil capital do in the price crash?
Houston’s not the only Texas town to handle the 2-year-old oil price crash better than previous downturns. Early indicators suggest Midland, the West Texas city whose economy is entirely reliant on the oil-and-gas industry, didn’t...
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OPEC’s ideal price is $60 to avoid shale oil revival
Oil prices at $60 a barrel would be “ideal” for OPEC as higher levels risk sparking a recovery in competing supplies from the U.S., according to Nigeria’s petroleum minister. The “urgency” felt by the Organization...
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Russia’s Rosneft buys part of Egyptian gas field for $1.6B
Rosneft PJSC agreed to buy as much as 35 percent of a natural-gas project off Egypt, joining Eni SpA and BP Plc in the largest discovery in the Mediterranean Sea. The Russian company will pay...
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Market Currents: Cutting a deal to deal a cut
And crude is full of the festive spirit, merrily skipping higher today in response to the result of the weekend’s OPEC / NOPEC meeting. As the number of global oil producers committing to participate in a...
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EPA proposes new rule to reduce emissions at Texas power plants
The U.S. Environmental Protection Agency on Friday proposed a rule aimed at reducing carbon emissions from 18 Texas power plants, many of which have been part of a yearslong battle over air quality control in...
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