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North Carolina-based Duke, which is the nation’s top power generator, currently runs its Central and South American power plants from Houston.
Thirty-nine years after Fleetwood Mac’s second album was released, and ‘rumours’ of a production cut and fears of a worsening US economy are pushing and prodding the crude market around today. Commodities are also getting whipsawed around by currency moves. As the US dollar continues to weaken due to growing pessimism about the US economy, […]
Good day! Here are ten things to consider on this second day of February, 2016: 1) Punxsutawney Phil didn’t see his shadow, meaning an early start to spring. (If you are of the persuasion of taking your meteorological tips from a marmot). (I prefer the woolly worm). 2) The duplicitous nature of strong production versus […]
The discussions over production cuts are likely happening now because of the severe economic pain that Russia, one of the most resource-rich nations on the planet, has felt as oil prices have crashed.
Houston drivers haven’t paid less on average than Abu Dhabi pump prices since 2008, according to data.
Some business deals are ready to be inked but others are still in negotiation as a few sanctions not related to the nuclear program remain in place, particularly by the U.S., on the trade of goods that could be used for military or intelligence purposes.
The head of the Organization of Petroleum Exporting Countries said he wants oil producers outside the group to assist in reducing the global oversupply, signaling once again that OPEC won’t make output cuts alone.
Khalid al-Falih said the potential listing of the world’s largest oil producer “is not for cash” but a “sign of the times.”
The chairman of Saudi oil giant Saudi Aramco was quoted as saying a possible initial public offering would not include the kingdom’s oil reserves.
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.