Archives for April 2017
Market Currents: Floating storage holding up, despite Iran drop
Oil is ticking higher today, as the market continues to bet on the prospect of market tightening. As Nonfarm payrolls beckon tomorrow, hark, here are five things to consider in oil markets today. 1) While...
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Oil bust claimed a third of service workers, but job market improving
The oil-market collapse that began nearly three years ago forced U.S. oil producers to dramatically curb drilling, eating into profits. But the companies that supplied them drilling equipment and hydraulic fracturing services felt the oil-market...
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BP cuts CEO’s maximum pay to appease investors
BP Plc plans to cut Chief Executive Officer Bob Dudley’s maximum pay by as much as $3.7 million over the next three years as the oil producer tries to avoid a repeat of last year’s...
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Energy Transfer’s Sunoco selling convenience stores to 7-Eleven for $3.3B
Sunoco LP said it will sell about 1,100 convenience stores and fueling stations in Texas and the Northeast to Irving-based 7-Eleven for $3.3 billion. Sunoco, which is owned by Dallas-based Energy Transfer, is transitioning to...
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Market Currents: Oil waiting in the US Gulf rebounds
The crude complex is feeling charitable today, giving away most of its overnight gains, as last night’s bullish API report head-faked the market. As Nonfarm Friday looms next on the radar, hark, here are five...
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