August 27, 2017 archive

Energy Markets on Shaky Ground After Hurricane Harvey Slams Texas Coast

Hurricane Harvey has disrupted nearly 15% of U.S. refinery capacity in the Gulf and will likely cause a rise in fuel prices across the country. Energy markets may be in for a bumpy ride when they open Monday as investors try to gauge the impact of the disruption, according to Bloomberg MarketWatch. After slamming into …

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3.5 Magnitude Earthquake Rocks Western Oklahoma on Sunday Afternoon

The U.S. Geological Survey recorded a 3.5 magnitude earthquake on Sunday afternoon in western Oklahoma. The quake was reported about 4:25 p.m. on Sunday. The epicenter was about 18 miles north, northeast of Weatherford, 30 miles west, northwest of El Reno and 64 miles west, northwest of Oklahoma City. Reports indicate that the quake could …

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U.S. and Oklahoma Show Decline in Active Rig Count

Canada led the way with the addition of 3 new rigs last week while the U.S. rig count dropped by a total of six, according to the Baker Hughes rig count released on Friday. Canada now has a total of 217 rigs, up 71 rigs when compared with last year’s count of 46. The U.S. …

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