Tuesday, September 1, 2026

The Natural Gas Boom Could Snarl Traffic at One of America’s Busiest Ports

From Bloomberg A boom in natural gas exports from the U.S. Gulf Coast is raising the prospect of traffic jams at one of America’s busiest ports. Weather delays from fog and storms are nothing new at the Houston Ship Channel, which links the prolific oil and gas fields of Texas and Louisiana to the rest of the world. But as

Baker Hughes-GE Merger Gets U.S. DOJ Approval

Baker Hughes Incorporated (ticker: BHI) and General Electric Company (ticker: GE) announced today that the two companies reached an agreement with the United States Department of Justice allowing both parties to complete their merger. In order to allow the merger to proceed, General Electric agreed to divest its GE Water & Process Technologies business, GE Water, which is focused in

Russia, Saudis See Oil Inventories Falling After Price Drop

From Bloomberg A deal among oil-producing countries to curb production and balance an oversupplied market will achieve its objective in the first quarter of next year, Russian Energy Minister Alexander Novak said, after prices tumbled on news of a build-up in U.S. inventories. His Saudi counterpart, Khalid Al-Falih, said at a joint news briefing in Astana, Kazakhstan, that inventories were