Archives for 2016
Oil rises on expectations of declining U.S. stockpilers
Oil traded near $52 a barrel before government data forecast to show U.S. crude stockpiles fell for a fifth week, trimming an inventory glut. Futures gained as much as 0.7 percent in New York after...
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Market Currents: OPEC / NOPEC market share battles continue
As we shuffle into two weeks of lower trading volume over the holiday period, and as we await next month’s production cuts to start showing up in our export data (woot woot!), oil is looking...
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How will the oil and gas industry do in 2017?
U.S. independent oil and gas drillers will lead the industry out of survival mode in 2017, according to a new report from an energy research firm. Oil and gas companies that survived the 2-year-old oil...
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BP building natural gas business
BP Plc agreed to buy stakes in West African licenses held by Kosmos Energy Ltd. for $916 million as the British producer builds its natural-gas business following an acquisition in Egypt last month. BP will...
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PUC decides not to regulate rooftop solar panel companies
The Public Utility Commission has decided not to regulate rooftop solar companies, following a month-long debate over whether the agency should treat companies that offer independent energy generation like utility-scale companies. The commission raised concerns...
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