Energy Sector

Brent Oil Climbs to More Than $50 per Barrel

Brent Oil Climbs to More Than $50 per Barrel

On Thursday, Brent oil futures scaled more than the$50 mark per barrel for the first time in almost seven months. It got a push after the figures from the U.S. government revealed a more than expected drawdown last week in the crude stocks.

Shell flow line leaks 88,200 gallons of oil into Gulf of Mexico

Shell flow line leaks 88,200 gallons of oil into Gulf of Mexico

The United States Coast Guard has said that a Shell flow line has leaked around 88,200 gallons of oil into the Gulf of Mexico.

Greenlight Capital Invest in Yelp and Natural Gas; Exits Greek Banks and Delta Lloyd

Greenlight Capital Invest in Yelp and Natural Gas; Exits Greek Banks and Delta L

David Einhorn, the hedge fund manager who started Greenlight Capital in 1996 and heads it till date is extensively followed by the hedge fund industry.  His letters considered by many as a source f

Colorado’s Supreme Court Strikes Down Prohibitions on Hydraulic Fracking by the Local Government

Colorado’s Supreme Court Strikes Down Prohibitions on Hydraulic Fracking by the

It was a big win for the oil and gas companies over a lengthy battle, as on Monday the Supreme Court of Colorado struck down prohibitions by the local government on fracking.

In court said in a separate ruling that a moratorium in Fort Collins and a ban in Longmont were not valid as state law forestalled them. Previously, the same conclusion was given by a lower court.

Arlington Agrees to Sell Itself to Oracle for $532 Million

Arlington Agrees to Sell Itself to Oracle for $532 Million

On Monday, Opower, the energy analytics company based in Arlington, Texas said it has agreed to be bought by Oracle for $532 million. It is expected that the deal will close later this year. The deal values shares of Opower at a 30 percent premium as of Friday's close.

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