Posts by Author

Bloomberg

(Bob Owen/San Antonio Express News)

Solar power hits the brakes amid incentive cuts in Asia, Europe

on
As more countries begin to implement plans to reach climate goals agreed to in Paris last year, the global solar industry will again accelerate to about 20 percent annual growth over the next few years.
Kurdistan needs oil revenue to mobilize its peshmerga fighters in the battle against the Islamic State. (PHOTO: AHMAD AL-RUBAYE/AFP/Getty Images)

Oil plunge imperils Iraq’s fight with Islamic State, Abadi says

on
The conflict with Islamic State, which swept through swaths of northern Iraq in the summer of 2014, has destroyed economic infrastructure, disrupted trade and discouraged investment.
(AP file photo/Sue Ogrocki)

Valero raises dividend

on
U.S. refiners have fared better than other parts of the energy industry during the downturn, as cheaper crude prices have boosted their margins
Nigerian oil minister Emmanuel Ibe Kachikwu (L) speaks during the 7th Gulf Intelligence UAE Energy Forum meeting in Abu Dhabi, on January 12, 2016.         
Kachikwu said that he expects an extraordinary meeting of the oil cartel in "early March" to address nosediving crude prices.

 / AFP / MARWAN NAAMANI / The erroneous mention[s] appearing in the metadata of this photo by MARWAN NAAMANI has been modified in AFP systems in the following manner: [Nigerian oil minister Emmanuel Ibe Kachikwu ] instead of [Former OPEC president Emmanuel Ibe Kachikwu]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require.MARWAN NAAMANI/AFP/Getty Images

OPEC nations talk oil policy at Davos

on
Nigeria’s oil minister, speaking on a panel at the World Economic Forum in the Swiss resort, said the Organization of Petroleum Exporting Countries needs to meet soon as crashing prices force the group to reconsider its current laissez-faire policy.
(ALEXANDER KLEIN/AFP/Getty Images

As crude’s crash punishes Venezuela, calls for OPEC help grow

on
Brent oil in London has dropped more than 60 percent since November 2014, when OPEC decided to refrain from cutting output in the face of a global oversupply in an effort to defend market share.
A boat of tourists moves on Dubai creek, with the city skyline in the background in Dubai, United Arab Emirates. (AP file photo/Kamran Jebreili)

Cheap oil means 1,500 Middle East bankers looking for jobs

on
The oil slump is draining billions of dollars from the banking system, stock markets are volatile, investment is slowing and global banks are firing workers to boost returns.
The Securities and Exchange commission charged a Houston oil-and-gas exploration and production company with making false claims about its oil reserves.

SEC looking into Flotek

on
Flotek Industries, a supplier of equipment and materials for hydraulic fracking, said the U.S. Securities and Exchange Commission is investigating its FracMax software and the efficacy of one of the company’s chemicals.

A woman walks past a Sinopec neon sign in Hong Kong 30 October 2006 .

Sinopec sees oil sands venture improving on larger suncor stake

on
Suncor secured a deal to buy Canadian Oil Sands for about C$4.2 billion ($2.9 billion) by sweetening its offer after earlier bids were rejected.
Original byline: Jim Blecha/

Meet the energy hedge funds that made money while oil plunged

on
The energy sector had a few strong performers despite the overall turmoil.
(AP Photo/Hasan Jamali)

Kurdish oil producers defying $30 crude prompt “buy” bonanza

on
Genel Energy Plc and DNO ASA have buy ratings from more than 70 percent of analysts tracked by Bloomberg. The reason? A tight rein on costs and abundant output.