Tag: economy

Economists: Energy industry growth slowing, could hit Houston economy

Experts on Houston’s energy economy say the oil and gas industry is facing a slowdown that will affect job growth, mirroring the tempered outlook energy executives showed in a recent survey.  More »

Sanctions likely to sting big Russian oil projects

International sanctions against Russian officials could endanger the country’s multibillion-dollar pipeline, liquefied natural gas and offshore projects as the cost of borrowing money surges, according to a report released this week.  More »

Oil prices gain on US economic outlook

The price of oil edged up Tuesday as strong U.S. factory output boosted the outlook for the world’s biggest economy.  More »

Bernanke: Energy ‘a bright spot’ in recovering economy

The national oil and gas boom may have created a quarter of the jobs U.S. employers have added to payrolls since the economic downturn began six years ago, former Federal Reserve Chairman Ben Bernanke said Friday.  More »

Poll: Should the US lift its ban on oil exports?

Just a few years ago, the answer would have been obvious. But is now the time to reconsider the 40-year-old U.S. oil export policy?  More »

Uproar over Keystone far outweighs pipeline’s potential effect, analysts say

Both sides of the national furor over the Keystone XL Pipeline are reading too much into a recent government report on the pipeline’s environmental impact, and it’s possible that the political controversy has outgrown the proposed pipe itself, according to Wood Mackenzie.  More »

Flint Hills says North Pole Refinery will close

Flint Hills Resources announced Tuesday that it will close its North Pole refinery, shuttering a major employer in the Fairbanks area and eliminating a local source of gasoline, jet fuel, heating fuel and other petroleum products.  More »

Oil above $95 as IMF raises global growth forecast

The price of oil rose Wednesday amid expectations for solid demand after the International Monetary Fund raised its growth forecasts for the world and U.S. economies.  More »

Oil falls below $94 as China growth slows

Oil prices fell Monday after China’s economic growth declined in the last quarter of 2013.  More »

Burgeoning Texas shale delivers $14B economic boost

A new study estimates that the oil and gas industry had a $14.5 billion impact last year on the Cline Shale region, east of the traditionally busier drilling area of the Permian Basin.  More »

Oil prices start year with rise on demand hopes

Oil prices started the new year Thursday with a gain amid hopes for stronger demand following a 7 percent surge in 2013.  More »

Venezuela’s president calls for higher gas prices

The price of the world’s cheapest gasoline will start to nudge higher for the first time years if Venezuela’s president has his way — and he usually does.  More »
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