Mexico’s record-low refinery production and growing consumer demand helped push US gasoline exports there to a new high in October, a trend that has boosted prices in both countries. Gasoline Continue Reading
Dec 30 (Reuters) – The U.S. oil rig count ended 2016 just below year-ago levels as drillers added rigs this week as part of the biggest recovery since a global Continue Reading
Exxon Mobil CEO and U.S. secretary of state nominee Rex Tillerson should testify before the inauguration on his climate change knowledge, lawyers said. Lawyers representing more than a dozen U.S. Continue Reading
COPENHAGEN, Denmark, Dec. 30 (UPI) — The lack of a viable economic solution for the largest natural gas field in the Danish North Sea means production will end in late Continue Reading
A lot happened in the energy sector in 2016, with two major stories leading the way. Both the surprising election of Donald Trump to the presidency, and OPEC’s November announcement Continue Reading
Brent oil, the global benchmark, is headed for its first annual advance in four years before supply cuts from OPEC and other producing nations next month intended to stabilize the Continue Reading
Oil fell for the first time in nine sessions in New York after a government report showed U.S. crude stockpiles increased for a second week. Crude stockpiles rose 614,000 barrels Continue Reading
The dollar dropped to its lowest of the week and remained defensive as U.S. Treasury yields fell to fresh lows after another well-received auction saw $28 billion of 7-year notes Continue Reading
U.S. crude stocks rose last week as refineries cut output, while gasoline stocks decreased and distillate inventories fell, the Energy Information Administration said on Thursday. Crude inventories rose by 614,000 Continue Reading
Amidst the wave of populism sweeping through the world, the triggering of Article 50 in May, the fear in the Eurozone of the cessation of Quantitative Easing, and the prospects Continue Reading
