Recent Posts

Trump approves Keystone XL pipeline

  Washington / AP President Donald Trump greenlighted the long-delayed Keystone XL pipeline, declaring it a “great day for American jobs” and siding with energy advocates over environmental groups in a heated debate over climate change. The presidential permit comes nearly a decade after Calgary-based TransCanada applied to build the $8 billion pipeline, which will snake from Canada through the ...

Read More »

Oil drops for third week on US supplies

Bloomberg Crude oil had its third weekly loss in a month as OPEC and its allies prepared to meet for a review of their production cuts, while swelling US stockpiles indicated the measures aren’t working yet. Futures slipped 1.7 percent this week in New York. US crude output continued to expand along with inventories last week, data from the government ...

Read More »

Last blast of winter a respite for US gas bulls

  Bloomberg A final icy blast of winter was welcome news for US natural gas bulls. Money managers raised their net-long position in the fuel by 7.8 percent in the seven days ended March 21 to the highest level since June 2014, just as a late-season freeze sent heating demand soaring. Bears cut short bets to a six-week low, US ...

Read More »
Send this to a friend