Home / Tag Archives: u.s. oil

Tag Archives: u.s. oil

Oil companies played hardball in bid to defeat climate outsiders

HOUSTON – Petty legal filings. Diversionary ballot measures. Counting abstentions as no votes. These are just some of the tactics U.S. oil companies used this spring to quash efforts by investors to win the right to nominate climate experts for board seats. Led by New York City Comptroller Scott Stringer and proposed at 75 U.S. companies in various industries this ...

Read More »

Oil prices ease as U.S. stockpiles seen rising

SINGAPORE – Oil prices eased on Tuesday on expectations of another rise in U.S. stockpiles and as Saudi Arabia keeps output near record highs, but prices remained near a 2015-peak reached last week. Crude prices have climbed around 18 percent since the start of April on speculation about falling U.S. output after the domestic oil rig count hit 2010 lows. ...

Read More »

Senators rally behind oil trade with Mexico

Last week, 21 senators sent a letter to the U.S. Department of Commerce urging officials to promptly sign off on an oil trade of heavy Mexican crude oil in exchange for Light U.S. crude. The letter, which includes endorsements from energy-state representatives such as Lisa Murkowski, R-Alaska, John Cornyn, R-Texas, Ted Cruz, R-Texas and Heidi Heitkamp, D-N.D. calls for an ...

Read More »

Lower oil price to hit U.S. oil and gas lending: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON, Feb 12 – “Excessive oil and gas loan concentrations have been a key factor in the failure of some banks during periods of steep price declines,” the Office of the Comptroller of the Currency (OCC) notes with bureaucratic understatement in its handbook for U.S. bank examiners. ...

Read More »

Financial shocker of the year: Oil at $60

NEW YORK — For the first half of 2014 the oil market looked just as it had the year before — and the 2 years before that. Oil was over $100 and drivers in the U.S. were paying around $3.50 for gasoline. Economies around the world seemed to have adjusted to higher priced oil and oil companies were using high ...

Read More »