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U.S. sets new record for gasoline consumption in June
For years, gasoline consumption in the United States had been on a steady decline, driven by high fuel prices and increasingly efficient vehicles. But since the collapse of oil prices in late 2014, that trend...
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Targa Resources posts $10.7 million loss
Houston pipeline company Targa Resources reported a $10.7 million loss for the third quarter, but expressed optimism that Texas energy markets are rebounding. Targa’s loss compares with a $12.7 million profit during the same period...
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Oilfield equipment firms merge to form Innovex Downhole Solutions
Three businesses that design, manufacture and sell tools and equipment for oil and gas drilling have combined resources to form a new oilfield services company. Houston-based Innovex Downhole Solutions formed from the union of The Woodlands-based...
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Market Currents: Gasoline outage woes return
As gasoline charges higher due to another outage on the Colonial pipeline, crude prices are getting caught up in its slipstream, being dragged higher after yesterday’s drubbing. Tomorrow brings another weekly inventory report, but for...
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Anadarko dumps gas, seeks oil
Anadarko Petroleum Corp. does not see its future in natural gas, and will increasingly focus on three oil-rich basins — in West Texas, Colorado and the Gulf of Mexico, company executives said on Tuesday. The...
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