Industry News From Around the Web

  • Oil Rises to Five-week High as Outlook for Demand Brightens
    September 12, 2017
    Bloomberg | Jessica Summers This week, oil closed at a five-week high, as the oil industry continues to take steps forward towards recovery. Oil closed at its highest in five weeks after the International Energy Agency and OPEC improved their outlooks for demand. The IEA’s stronger demand estimate have helped lift oil prices, Matthew Beck, managing director ...
  • Oil Gains As Irma Impact Less Than Feared 
    September 11, 2017
    Bloomberg | Jessica Summers U.S. crude has increased despite recent Hurricane Irma. Oil advanced as the market shrugged off Hurricane Irma’s effect on demand, with the Texas Gulf Coast repairing itself after Harvey. Crude jumped 1.2 percent in New York. Gulf Coast refiners hit by Harvey have managed to get most plants back on their feet in ...
  • Texas Energy Industry Recovering From Hurricane’s Disruption
    September 11, 2017
    Bloomberg | Jessica Summers Operation and production rates are continuing to grow and recover after Harvey. Oil edged higher as OPEC was said to be considering an extension of production caps beyond their March expiration and U.S. crude refiners accelerated their post-hurricane recovery. U.S. crude inventories likely increased by 4.91 million barrels last week, according to a ...

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