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Month: January 2016

Category:
  • Canada

Canada Toughens Environmental Review for Two Pipeline Plans

Two proposed pipeline projects will have to wait longer for a verdict from the Canadian government and will have to submit to carbon-emissions testing to gain approval as part of Continue Reading

Posted On : 28 Jan 2016 Published By : Tom Whipple
Category:
  • Prices
  • USA

In U.S. oil capital Houston, no cheap fuel bonanza for airlines

While airlines are in no rush to pass on fuel savings to passengers brought by the collapse in oil prices, the Houston travel market has left them little choice. Airlines Continue Reading

Posted On : 28 Jan 2016 Published By : Tom Whipple
Category:
  • Shale Oil

Hess Loss Deepens on Weakness in Energy Prices

Hess Corp. deepened its loss in its fourth quarter amid big drops in energy prices. The company, however, reaffirmed its 2016 production forecast, predicting 330,000 to 350,000 barrels of oil Continue Reading

Posted On : 28 Jan 2016 Published By : Tom Whipple
Category:
  • Oil Supply

Oil not moving in favor of Texas

Though oil production continues to withstand weaker prices, the environment in the Texas oil and gas sector is in decline, an economist said. “We’ve not begun the year moving in Continue Reading

Posted On : 28 Jan 2016 Published By : Tom Whipple
Category:
  • Shale Oil

Continental Resources sees output dwindling

U.S. shale player Continental Resources said weakness in the energy sector will manifest itself in a slow decline in overall production through 2016. Continental said in a statement laying out Continue Reading

Posted On : 28 Jan 2016 Published By : Tom Whipple
Category:
  • Shale Oil

Hess Corp. posts net loss of $396 million for fourth quarter

A day after announcing a cut in spending, Hess Corp. said it took a net loss of $396 million for the fourth quarter against $53 million in income year-on-year. Most Continue Reading

Posted On : 28 Jan 2016 Published By : Tom Whipple
Category:
  • Economy

Fed keeps interest rates steady, closely watching global markets

The Federal Reserve headquarters in Washington September 16 2015. The Federal Reserve kept interest rates unchanged on Wednesday and said it was “closely monitoring” global economic and financial developments, but Continue Reading

Posted On : 28 Jan 2016 Published By : Tom Whipple
Category:
  • OPEC
  • Russia

Russians want to talk to OPEC about output, pipeline chief says

Russian officials have decided they should talk to Saudi Arabia and other OPEC countries about output cuts to bolster oil prices, the head of Russia’s pipeline monopoly said on Wednesday, Continue Reading

Posted On : 28 Jan 2016 Published By : Tom Whipple
Category:
  • Scotland

Scotland wants tax support for North Sea energy

The Scottish government said it would call on its British counterparts to create a favorable climate for North Sea investments in exploration and production. “There is no doubt the industry Continue Reading

Posted On : 28 Jan 2016 Published By : Tom Whipple
Category:
  • Prices

Oil Prices Slide Ahead of Key U.S. Supply Data

Oil prices slid on Wednesday, ahead of key data expected to show another increase in U.S. crude stockpiles that would add to the already oversupplied global market. The American Petroleum Continue Reading

Posted On : 27 Jan 2016 Published By : Tom Whipple

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