Archives for May 2018
Crude, gasoline stockpiles fall
Crude and gasoline stockpiles fell last week, adding support to oil rally following President Donald Trump’s decision to renew sanction of Iran’s oil exports. Source: FuelFix
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Exxon sells refinery, fuel terminals to Algeria
Exxon Mobil Corp. agreed to sell a refinery and three fuel terminals in Italy to Algeria, as the OPEC member seeks to cut fuel imports by refining its own crude. Source: FuelFix
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Iran sanctions add to Venezuela collapse, jolting oil market
While the world ponders the fate of Iran’s exports, the oil market is exposed more than ever to the effects of Venezuela’s spectacular production collapse. Source: FuelFix
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Private oil investments swell as Wall Street wanes
Oil companies collected more spending money from private equity firms than Wall Street investors in the first quarter, a new report shows. Source: FuelFix
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Trump roils oil markets in pulling out of Iran nuclear deal
President Donald Trump announced Tuesday he was pulling the United States from the Iran nuclear deal and reinstating sanctions, curbing supply from the Middle East at a time oil prices at their highest level in...
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