Home / Business (page 274)


Market News: Natural Gas Shows First Loss in Nine Sessions


By: David Bird NEW YORK–Natural-gas futures fell Tuesday for the first time in nine sessions, but held near six-month highs amid mixed near-term weather signals. Market participants said winter weather is the driving force now and confirmation that in coming days temperatures in key markets will turn much colder could reignite the rally. “We’re seeing a bit of a pullback ...

Read More »

Obama wants renewable energy boosted 20 percent

WASHINGTON (AP) — Saying the government should lead by example, President Barack Obama is ordering the federal government to nearly triple its use of renewable sources for electricity by 2020. Obama says the plan to use renewables for 20 percent of electricity needs will help reduce pollution that causes global warming, promote American energy independence and boost domestic energy sources ...

Read More »

Weekly Crude Oil Market Update


Weekly Crude Oil Market Update The Trend Continues This past week crude oil saw more downward pressure and a continuation of the trend after bouncing from the lows. Crude started to try and test the upper end of the charts late last week and looked like it might see more buyers take prices higher in the short term. The bounce ...

Read More »

Amazon testing delivery with drones, CEO Bezos says

Dec 1 (Reuters) – Amazon.com Inc is testing delivery packages using drones, CEO Jeff Bezos said Sunday on the CBS television program “60 Minutes.” Bezos said the drones, unmanned vehicles that fly through the air, could deliver packages that weigh up to five pounds (2.3 kg). That represents roughly 86 percent of packages that Amazon delivers, he said. The drones, which would ...

Read More »

Unemployment falls in most US states in October

Unemployment falls in most US state in October   Nov 22, 11:57 AM EST BY CHRISTOPHER S. RUGABER AP ECONOMICS WRITER WASHINGTON (AP) — Unemployment fell in 28 U.S. states last month, and employers added jobs in 34 states. The gains suggest recent improvements in the job market have occurred in most regions of the country. The Labor Department said Friday ...

Read More »

Green Plains buys two ethanol plants


Green Plains buys two ethanol plants Sat Nov 23, 2013 10:50am EST   Nov 23 (Reuters) – U.S. ethanol producer Green Plains Renewable Energy Inc said it has completed a previously announced acquisition of two ethanol plants from privately held Ethanol Holding Co. Terms of the deal were not disclosed. The acquisition of the two properties, in Wood River, Nebraska, ...

Read More »

BNSF makes exponential growth since conception

Teresa Perkins, general director of Petroleum Products for BNSF, recalled when Houston-based EOG Resources had a vision and went forward several years ago to build the first crude unit train facility. BNSF, serving that facility, hauled its first unit train out of Stanley in 2009. Since that time, a number of unit train facilities that BNSF serves have been built ...

Read More »

Dig a little deeper in the Bakken and find Three Forks

Three forks shale

Marketwatch.com One year ago, I wrote this story, asking—could the Bakken ever hit 1 million barrels of oil per day (bopd) production? Well, now the Market is asking—when (not if) will it hit 2 million? A massive, 76-page report from Goldman Sachs from late September suggests 2023—that’s another TEN YEARS of growth—with the biggest growth year being next year, in ...

Read More »

Weekly Crude Oil Market Update – Bakken.com

Inventories keep on growing The crude oil market has stayed under pressure this week as inventory data had yet another build over what traders were expecting, this week we saw a grow in inventory by 5.2 million barrels, the trade expected around 3.4 million barrels. This marks about 16 weeks of growing inventory in the crude market and pushing us ...

Read More »