WASHINGTON — Federal regulators on Friday cleared the way for construction at a planned natural gas exporting facility at Quintana Island, Texas. The Federal Energy Regulatory Commission authorized Freeport LNG to start initial site preparation and begin building liquefaction and pre-treating facilities at its planned export terminal. But the agency told Freeport LNG it cannot […] More »
Pacific Rubiales Energy Corp. signed an agreement with Petroleos Mexicanos to study oil and natural gas ventures as Mexico opens up its energy industries to private investment for the first time in 76 years. More »
The number of supertankers sailing toward China’s ports surged to a nine-month high amid speculation an oil-price slump is encouraging the world’s second-biggest crude importer to accelerate purchases. More »
U.S. stocks rallied, trimming this week’s decline, as earnings beat estimates, consumer confidence reached a seven-year high and investors speculated that central banks will add more economic stimulus. More »
The slow but steady global economic recovery is still intact, and absolute oil demand has changed little despite fears of oversupply that have sent crude prices hurtling downward in recent days, Schlumberger’s chief executive told investors on Friday. More »
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