Venezuela’s state-owned oil company, which has access to the world’s largest reserves, took delivery of its first U.S. crude since export restrictions were lifted last year. Petroleos de Venezuela SA Continue Reading
The Russian leg of Venezuelan Oil Minister Eulogio Del Pino’s tour to persuade major oil exporters to cut production gained little more than pledges for further discussion. Igor Sechin, chief Continue Reading
China’s capital has become notorious for its smog but the biggest contributors to local air pollution are industrial furnaces, district heating systems, residential fires and trucks rather than power plants. Continue Reading
When Archer Daniels Midland opened two of the country’s largest ethanol plants in Nebraska and Iowa six years ago, the biofuels market was on the cusp of a boom with Continue Reading
Electricity generated from utility-scale renewable plants is expected to grow by 9% in 2016, based on projections in the latest Short-Term Energy Outlook . Much of the growth comes from Continue Reading
Oil companies are groping around in the dark. It is hard to be confident that dawn is imminent. In BP’s case, a respectable headline cash-flow figure was flattered by movements Continue Reading
Natural gas company Peregrine Midstream Partners LLC filed for chapter 11 bankruptcy protection Tuesday, having run out of money with its natural gas facility only a few months from completion. Continue Reading
The Houston-based company on Monday received approval from the U.S. Bankruptcy Court in Wilmington, Del., to sell the majority of its assets to Texegy LLC for $48.75 million. The deal Continue Reading
The Irving, Texas company disclosed plans to put its share buyback plan on hold to preserve cash, an unexpected step after the company spent $3 billion in 2015 to reduce Continue Reading
State agencies in Oklahoma may be facing budget cuts of at least 10 percent in part because of the pressure from lower oil prices, the governor said. “We’ve seen a Continue Reading
