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Tag Archives: global market

Vitter meets with industry leaders, prepping for gubernatorial campaign

Louisiana Sen. David Vitter met with oil and gas industry leaders in Lafayette this morning. And while he says there were no surprises during the meeting, he’s now better equipped to understand the industry’s struggles, according to The Advertiser. The meeting, stretching for roughly an hour and a half, covered everything from litigation against oil and gas companies to the ...

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Weatherford eliminates COO role amid oil slump

Oil services company Weatherford International Plc <WFT.N> said it would eliminate the position of chief operating officer as it copes with a 60 percent slide in global crude oil prices. The company said COO Dharmesh Mehta would move to the role of executive vice president for corporate strategy. The chief operating officer position will not be filled as the company ...

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U.S. merchant refiners take oil trading back in-house

NEW YORK, Oct 9 – Independent U.S. refiners are taking back control of their crude supplies just a few years after outsourcing trading to Wall Street banks and bigger companies, hoping to capture more profit from a global market in flux. After the financial crisis of 2007-2009, a number of ailing U.S. refineries were sold to investors such as Carlyle Group ...

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Key U.S. senator says consumer impact crucial in oil export debate

oil

By Valerie Volcovici WASHINGTON Jan 30 (Reuters) – The decision whether to eliminate a 40-year-old ban on most U.S. crude oil exports should hinge on whether it would lead to higher domestic retail gasoline prices, Ron Wyden, chairman of the Senate Energy Committee, said on Thursday. The panel held its first hearing in 25 years on whether the restrictions should ...

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