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Tag Archives: energy companies

Stocks rise with oil prices, consumer stocks gain ground

Stocks rise with oil prices, consumer stocks gain ground

NEW YORK — U.S. stocks are rising Tuesday morning along with the price of oil, and consumer stocks are getting a lift from strong fourth-quarter results from companies like Procter & Gamble and handbag maker Coach. KEEPING SCORE: The Dow Jones industrial average rose 231 points, or 1.5 percent, to 16,116 as of 10:37 a.m. Eastern time. The Standard & ...

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Shell expects 4th Q profits to drop at least 40 percent

Shell expects 4th Q profits to drop at least 40 percent

LONDON — Royal Dutch Shell expects its fourth quarter profits to drop at least 40 percent to between $1.6 billion and $1.9 billion after a sharp drop in crude oil prices, but underscored its determination to press ahead with the proposed mega-merger with BG Group plc. The Anglo-Dutch energy giant said Wednesday it released the figures for shareholders ahead of ...

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Energy companies ready to ship oil abroad

Energy companies ready to ship oil abroad

Less than a month after President Barack Obama signed a bill abolishing America’s crude export ban, energy companies are positioning themselves to ship American oil overseas. The first oil tanker left Corpus Christi on New Year’s Eve and is expected to arrive in Italy on Jan. 20. ConocoPhillips produced the oil from Eagle Ford Shale in Texas. The crude will ...

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US stocks stabilize, energy companies decline

US stocks stabilize, energy companies decline

Major U.S. stock indexes were little changed in midday trading Monday as investors weighed the implications of another slump in China’s stock market. Energy companies were among the biggest decliners as the price of crude oil fell. KEEPING SCORE: The Dow Jones industrial average was little changed at 16,348 as of 12:14 p.m. Eastern time. The S&P 500 index shed ...

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Analysis – End of easy money for mini-refineries splitting U.S. shale?

Analysis – End of easy money for mini-refiners splitting U.S. shale?

HOUSTON – Energy companies and oil trading firms that teamed up to build several mini-refineries that convert a swelling surplus of ultra-light U.S. crude into fuels for export seemed like a pretty safe investment bet for a while. The bet was built on several converging dynamics: an ever-rising supply of condensate; a U.S. refining system built to run heavier crudes; and ...

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EPA approves water quality rules for Montana, tribe

EPA approves water quality rules for Montana, tribe

BILLINGS, Mont. — Federal environmental regulators have approved water quality rules meant to protect southeastern Montana cropland from wastewater produced during natural gas drilling. They had been opposed by energy companies and officials in neighboring Wyoming. The rules limit how much salty water that is a byproduct of drilling can enter the Tongue and Powder River basins along the Montana-Wyoming ...

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Wall Street opens lower as oil plunges further

Wall Street opens lower as oil plunges further

Wall Street opened lower on Tuesday as shares of energy companies and miners were dragged down by a continued slide in oil prices and fears of a global economic slowdown on weak Chinese trade data. U.S. crude fell below $37 per barrel for the first time since early 2009 amid fears the world was running out of capacity to store ...

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