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Iran minister to join OPEC production talks

Iran’s Oil Minister Bijan Namdar Zanganeh will participate in an informal meeting of OPEC members next month in Algiers, a state news service reported. Producers from the Organization of Petroleum Exporting Countries will meet on the sidelines of an energy policy group in the Algerian capital next m ...

Another glut looms: Solar industry boosts panel production

Solar manufacturers that are ramping up production now face a looming glut of panels, forcing companies to adjust or face dire consequences. Trina Solar, Canadian Solar and  JinkoSolar Holding Co. are among the suppliers boosting output at factories that will expand global capacity by 18 percent thi ...

Millennials getting a rush from trading oil in volatile market

Chris Santos likes a little spice in his investing life. That’s why the 26-year-old Toronto man trades Credit Suisse Group AG’s VelocityShares 3x Long Crude ETN, which offers returns equal to three times the move of the S&P GSCI Crude Oil Index for each day. It’s allowed him to leverage the vola ...

Iraq seeks more production in advance of OPEC talks

 Iraq asked international oil companies to boost output just as other OPEC nations are heading for talks amid a global glut. Newly installed Oil Minister Jabbar Al-Luaibi called on companies to increase oil and gas production to boost national revenue, according to an e-mailed statement from the Oil ...

Oil continues to slide on supply worries, OPEC doubts

Oil extended its biggest loss in three weeks before the release of U.S. crude inventory data on Wednesday, while Goldman Sachs Group Inc. cautioned that any OPEC deal to freeze output may only deepen the global oversupply. October futures fell as much as 1.7 percent in New York after declining for t ...

Williams needs ‘Sam Zell’ of energy pipelines, Corvex says

Corvex Management’s Keith Meister said he’s looking for the “Sam Zell” of the energy pipeline industry as he plans to nominate up to 10 people for the Williams Cos. board of directors. The nominations will all be employees of Corvex and will act as placeholders allowing Meister and other ...

‘Well-timed’ OPEC talk forces bears back into hiding

OPEC has done it again. Talk of a potential deal to freeze output helped push oil close to $50 a barrel and prompted money managers to cut bets on falling prices by the most ever. West Texas Intermediate, the U.S. benchmark, went from a bear to a bull market in less than three weeks. OPEC ... ...

How Louisiana’s sinking coast is becoming Big Oil’s $100 billion nightmare

From 5,000 feet up, it’s difficult to make out where Louisiana’s coastline used to be. But follow the skeletal remains of decades-old oil canals, and you get an idea. Once, these lanes sliced through thick marshland, clearing a path for pipelines or ships. Now they’re surrounded by open water, green ...

Shale drillers party like it’s 2014 as oil finds bull market

Shale drillers are adding the most oil rigs since crude was worth $100 a barrel as confidence that OPEC may finally agree to freeze output pushed futures into a bull market. U.S. producers have put 76 oil rigs back to work in eight weeks, the biggest and longest increases since 101 were added a coup ...

Exxon, Chevron, Hess agree to joint bid for Mexico offshore reserves

Exxon Mobil Corp., Chevron Corp. and Hess Corp. have agreed to bid together for rights to drill for crude in Mexico’s deepwater oil areas, according to a person with direct knowledge of the plans. The three U.S.-based producers have reached a Joint Operating Agreement, which allows the consortium to ...

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