Cash prices overall tumbled 17 cents on average Thursday as weather outlooks changed abruptly. Northeastern points were the hardest hit with prices free-falling upwards of $2 at some locations, but the East and Texas suffered losses as well. At the close of futures trading December had risen 3.0 cents to $3.608 and January was higher by 2.3 cents to $3.737. December crude oil gained 65 cents to $85.09/bbl.
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Nexen Results Impacted by Lower Production, Gas Prices
Calgary independent Nexen Inc., which has been dealing with some internal strife after CEO Marvin Romanow abruptly resigned in January, on Thursday reported that quarterly profits were impacted by lower production and natural gas prices.
February 17, 2012
RBS Sempra Commodities CEO Resigns
David Messer, president and CEO of the Royal Bank of Scotland/Sempra Energy joint venture commodity trading unit, RBS Sempra Commodities, abruptly resigned his position Wednesday, the San Diego-based energy company announced.
March 26, 2009
BP’s Browne Resigns After Personal Life Exposed
BP plc CEO John Browne abruptly resigned Tuesday after a British court removed an injunction that had prevented a newspaper group from publishing stories about his personal life. Tony Hayward, slated to move into the top spot this summer, was named CEO effective immediately.
May 2, 2007
House Cancels Tuesday Vote on Eastern Gulf Drilling Bill
The House Republican leadership Tuesday abruptly canceled a scheduled vote on a Senate bill that would open up parts of the eastern Gulf of Mexico to oil and natural gas drilling, pushing back floor action on the measure to later in the week.
December 6, 2006
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