MARKET WATCH: NYMEX, Brent crude oil prices rise modestly

The US and Brent crude oil price benchmarks both rose modestly on July 24 as market participants evaluated a statement from a committee meeting of major producers in St. Petersburg, Russia, regarding production-cut targets. Source: News


Anadarko cuts 2017 spending by $300 million

Anadarko Petroleum Corp., The Woodlands, Tex., plans to reduce its full-year 2017 capital investment by $300 million to $4.2-4.4 billion. Source: News


Ethanol bill stalls in Senate committee

The US Senate will not vote soon on legislation opposed by oil industry groups that would have permitted elevated concentrations of ethanol in gasoline. Source: News