Posts by Author

Bloomberg

(AP Photo/Keith Srakocic)

Entergy: Louisiana needs more electricity for industry

on
That likely means building power plants for about $1 billion a piece, which the 1 million customers of Entergy Corp.’s Louisiana companies will be expected to pay.
Keystone Pipeline Texas

Canadian oil surge to U.S. Gulf puts Mexico on defensive

on
The Canadian supply will square off against crudes from Mexico and Venezuela that have traditionally fed refineries along the Texas and Louisiana coasts.
(Eddie Seal/Bloomberg)

What’s next for world oil as lower prices extend into 2015

on
Those looking for a quick rebound may be disappointed, as world consumption growth slowed to the least since 2009, U.S. companies pumped more than they have since the 1980s and a price war broke out among members of the Organization of Petroleum Exporting Countries.
(LEON NEAL/AFP/Getty Images)

Brent trades near $60 amid fighting around Libyan port

on
Brent oil traded near $60 on concern that OPEC’s refusal to cut production will worsen a global glut and as Libyan fighting intensified.
(AP file photo/John Moore)

Saudi Arabia seen by former adviser assuming $80 oil

on
The assumption is down from $103 a barrel for this year, John Sfakianakis, who used to be chief economic adviser to Saudi Arabia’s Ministry of Finance.
(AP Photo/Hussein Malla, File)

Oil rises as fighting intensifies around Libya’s biggest port

on
Libya’s government said its action was prompted by a militia attack on Es Sider where loadings were halted earlier this month.
(AP Photo/Richard Drew, File)

Oil slides as U.S. supplies jump most in two months

on
West Texas Intermediate fell 2.2 percent in New York while Brent slipped 2.4 percent in London.
(Dado Galdieri/Bloomberg)

Regulations would expand coastal California sanctuaries

on
The designation would bar oil and gas production off Northern California’s Marin and Sonoma counties.
(Eddie Seal/Bloomberg)

Oil drillers are under pressure to scrap rigs to cope with downturn

on
More than 200 new rigs are scheduled to be delivered in the next six years, a 25 percent jump from the number currently under contract.
(AP Photo/Ben Curtis)

Libyan Islamists pushed back from attack on oil ports

on
The fighting caused crude output to decline below Libya’s own consumption, National Oil said Dec. 21, without giving an estimate of the North African nation’s production.