Archives for June 2016
Can Shell overtake Exxon Mobil as top major?
Royal Dutch Shell Chief Executive Officer Ben Van Beurden spelled out his main goal last week — surpass Exxon Mobil to become the best-performing oil major. “I am determined to get us to that No....
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Market Currents: Asian oil imports continue to rise
Thirty-six years after the movie ‘The Blues Brothers’ opened in Chicago, and the black gold brothers of Brent and WTI are looking melancholic once more. As Brexit fears cause both uncertainty and a flight to...
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Noble, PDC land swap part of growing industry trend
With energy companies trying to conserve cash during the downturn, some are turning to acreage swaps instead of acquisitions. Source: FuelFix
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ExxonMobil refinery evacuated in California as wildfire surges
GOLETA, Calif. — A wildfire spurred by strong canyon winds north of Santa Barbara has forced the evacuation of an ExxonMobil refinery. The blaze broke out about 3:30 p.m. Wednesday in Los Padres National Forest...
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Goldman Sachs: The oil rebound remains fragile
HOUSTON – The recent rebound in oil prices is fragile, Goldman Sachs said in a report Wednesday. Crude production in Canada and Nigeria has fallen off, but beyond the disruptions that have pushed oil prices...
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