Archives for May 2018
Goldman on oil: Stay bullish
Money managers who are reducing their bullish bets on oil are following a “dangerous” strategy, according to Goldman Sachs Group Inc. Source: FuelFix
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Tax changes lead two pipeline companies to buy back subsidiaries
Two of North America’s biggest pipeline companies announced plans to repurchase subsidiaries as the industry seeks to curb future tax obligations in the face of a federal overhaul. Source: FuelFix
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Brent crude hits $80 a barrel in London
Oil rose to $80 a barrel in London for the first time since 2014 as U.S. crude inventories fell and traders braced for the impact of renewed sanctions on OPEC member Iran. Source: FuelFix
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Enbridge proposes consolidating Houston MLP subsidiaries for $9B
Canadian pipeline giant Enbridge said Thursday it plans to consolidate its slew of Houston-based subsidiaries into a single publicly traded entity in a roughly $9 billion deal. Source: FuelFix
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Total halts Iran gas project after Trump breaks nuclear deal
French energy major Total said it is halting its $2 billion Iranian gas project for fear of facing sanctions after President Donald Trump opted to abandon the Iran nuclear deal. Source: FuelFix
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