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Tag Archives: u.s. oil industry

OPEC oil price anchor could be easy to unmoor

VIENNA – To hear OPEC ministers in Vienna last week, one would think the cartel’s battle for market share is a complete success and oil prices are now firmly anchored where they are. “The strategy is working… It will take time for markets to rebalance,” was the mantra from OPEC kingpin Saudi Arabia’s oil minister Ali al-Naimi and his peers. ...

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Oil industry challenges rules meant to stop train explosions

BILLINGS, Mont. — The U.S. oil industry has filed a court challenge to new rules aimed at reducing the risk of catastrophic accidents involving crude moved by rail, following a string of fiery derailments in recent years. The American Petroleum Institute’s petition to the U.S. Circuit Court of Appeals in Washington, D.C., would set aside a requirement for improvements to ...

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Xcel construction plans not hampered by oil prices

ALBUQUERQUE, N.M. — Despite a swing in oil prices, a company that provides electricity to customers throughout southeastern New Mexico and West Texas says it’s not backing down from plans to invest hundreds of millions of dollars in the region’s infrastructure. Xcel Energy plans to spend more than $630 million on new high-voltage transmission and distribution lines and substations. A ...

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