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Dow Chemical to cut 2,500 jobs worldwide

NEW YORK — Dow Chemical says it will eliminate about 2,500 jobs worldwide, or about 4 percent of its workforce, which is tied to the recent restructuring of its ownership in Dow Corning. Dow Chemical announced earlier this month that it was now the sole owner of Dow Corning’s silicones unit, which h ...

India may offer opportunities for Houston’s oil services companies

Click through the gallery above showing oil services firms, ranked by value   Some Houston companies are poised to benefit as India begins doling out $27 billion in new contracts in an effort to cut fuel imports. Spending plans are ratcheting up and projects are restarting after the government ...

Is new Oncor deal close?

NextEra Energy has offered to buy Energy Future Holdings Corp.’s Oncor Electric Delivery Co. and is closest to reaching a deal among at least seven companies that have expressed interest in the Texas power utility, people familiar with the talks said. NextEra has submitted its bid to Energy Future H ...

Will Brexit end oil rally?

Oil bulls could end up road kill following the Brexit ballot. Crude tumbled as much as 6.8 percent Friday after U.K. voters decided to leave the European Union. While some analysts said supply and demand still favor rising prices, Britain’s exit means there’ll be a period of uncertainty over Europe’ ...

Energy Transfer wins ruling opening Williams deal escape route

Billionaire Kelcy Warren just won a hand in the biggest M&A poker game he’s played in the U.S. oil patch. Eighteen months after Warren’s Energy Transfer Equity began talks to acquire rival pipeline giant Williams Cos., a Delaware judge ruled Friday that the company can back out of the nearly $33 ...

Oil plunges on British vote to leave EU

Oil tumbled with most commodities amid a global flight from risky assets after the U.K. voted to leave the European Union. Whether the rout lasts depends on how world governments deal with the turmoil. Futures dropped 4.9 percent in New York and London, the biggest decline in four months. Global equ ...

Oil down in advance of ‘Brexit’ vote

Oil fell from the highest closing level in more than a week as markets awaited U.S. stockpile data, while the U.K. referendum on membership in the European Union remained too close to call. Futures slid as much as 2.2 percent in New York. U.S. inventories probably fell by 1.5 million barrels last we ...

Can Shell overtake Exxon Mobil as top major?

Royal Dutch Shell Chief Executive Officer Ben Van Beurden spelled out his main goal last week — surpass Exxon Mobil  to become the best-performing oil major. “I am determined to get us to that No. 1 place,” he said after outlining the company’s long-term strategy in London. “I want to create a ...

Oil’s losing streak continues

Oil fell for a sixth day, heading for the longest run of declines since February on speculation that easing global supply disruptions will offset a decline in U.S. crude stockpiles and production. Futures dropped as much as 2 percent in New York, sliding in tandem with industrial metals and global e ...

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