Rebels And Tax Avoidance: Chevron’s Problems Pile Up
Surviving the oil price crisis is tough enough on its own, but some oil industry players have had particularly bad luck, and some, such as Chevron, may very well have Continue Reading
U.S. retail gas prices holding steady to lower, AAA finds
Higher refinery output in the United States and troubling economic news overseas could put downward pressure on retail gas prices, market analysis finds. Motor club AAA reports a national average Continue Reading
Texas job losses mounting, state analyst says
A Texas oil economist said job prospects for those working in the energy sector are mediocre at best even as markets start to return to relative stability. Crude oil prices Continue Reading
Newest U.S. refinery sold at a loss, hurt by oil price slump
A North Dakota refinery that was the first to be built in the United States since the 1970s has been sold at a loss, with profit elusive since it opened Continue Reading
Brexit Puts North Sea Oil In Limbo
The UK’s decision to leave the European Union sparked turmoil in financial markets around the world at the end of last week, but stocks rebounded on Tuesday in an early Continue Reading
Oil prices rise on looming Norway strike, but Brexit still weighs
Oil prices rose in early trading in Asia on Tuesday as a looming strike in Norway threatened to cut output in western Europe’s biggest producer, although Britain’s vote to leave Continue Reading
Brexit Will Make ‘Little Difference’ to Crude Oil Markets
The UK’s decision to leave the European Union will make “little difference” to the crude oil markets, according to a brief research note from FirstEnergy. The UK’s decision to leave Continue Reading
UK’s Brexit vote leads to bearish impact on LNG as currencies weaken
The UK’s Brexit vote is expected to have a bearish effect on the global LNG market due to the weakening of European currencies, several trading sources said Friday. News of Continue Reading
Oil Continues To Tumble Over Market Uncertainty
As the U.S. dollar flexes its muscles once again and broader markets adopt a decidedly risk-off stance, oil prices are charging lower amid unknowns surrounding last week’s Brexit decision. Hark, Continue Reading
Oil Falls in Volatile Trading
Oil prices were slightly lower Monday as global trading reopened for the week following the U.K.’s unexpected decision to leave the European Union on Friday. The global benchmark, Brent, was Continue Reading