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U.S. oil production is also declining, meaning that the flood of oil that could have left the country’s shores is slowly drying up.
Speaker Paul Ryan, R-Wis., welcomed the tax side of the massive deal but is lowering expectations about GOP victories in the $1.1 trillion spending bill.
Sixty-nine years after the birth of ABBA’s Benny Andersson, and the name of the game for the crude complex today is to navigate the tricky business of a weekly inventory report and the conclusion of the US Federal Reserve FOMC meeting. Last night’s API report has put the wobbles on expectations for today’s weekly EIA […]
The lifting of the embargo is part of a spending deal expected to be pushed through the House and Senate by the end of the week.
Under Chief Executive Officer Dave Cote, Honeywell has closed factories, reduced its workforce and invested in new products such as refrigerants that are more environmentally friendly.
Republican leaders predicted the package would come to a vote in the House and Senate on Thursday, allowing lawmakers to head home for the holidays having completed their needed tasks.
The Russian economy has been battered by a slump of more than 60 percent in the price of oil in the past two years.
The position will be left vacant after David Porter, the Republican chairman of the commission who was first elected in 2010, said last week that he would withdraw from the race for a second term.
Congress may be close to reaching an overall budget deal that would include lifting the exports, which would equate to an early Christmas present for exploration and production companies seeking more buyers for their oil and also a “stocking full of soot for the refiners,” Wells Fargo Securities said in a new report.
The Irving, Texas-based company, which pumps most of its natural gas and oil from Pennsylvania’s Marcellus Shale and Ohio’s Utica Shale, said it had $6.4 million in cash and $1.1 billion in total liabilities at the end of September.