Archives for April 2018
Rig count rise by 8
The number of operating rigs in U.S oil and gas fields rose by 8 this week as oil prices and the industry recovery continue to advance. Source: FuelFix
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Texas City hosts first Supertanker as U.S. crude gushes
A 2 million barrel-carrying supertanker arrived for the first time at a jetty in Texas City as surging U.S. oil output drives up incentives to export. Source: FuelFix
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LyondellBasell posts higher first quarter profits
LyondellBasell’s profits climbed 54 percent in the first quarter amid rising demand for chemicals. Source: FuelFix
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Phillips 66 earnings dip but shareholders get tax reform payout
Phillips 66 posted a small dip in first-quarter profits compared with the same period last year. Source: FuelFix
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Chevron profits jump 36 percent as crude prices rise
California’s Chevron reported a $3.64 billion quarterly profit that surged up by 36 percent from the first quarter last year. Source: FuelFix
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