Archives for July 2018
Libya oil chief: Output to drop every day as ports halted
Libya’s oil output will keep dropping day by day if major ports remain closed after clashes last month led to a political deadlock, the head of the country’s state energy producer said. Source: FuelFix
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Rig counts rise by 5 in U.S.
Rig counts in the U.S. rose by five last week, the Houston energy services company Baker Hughes reported. Source: FuelFix
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Austin oil company acquires more Eagle Ford acreage
An Austin-based oil company has acquired another 23,000 acres in South Texas’ Eagle Ford Shale oil field. Source: FuelFix
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Saudi Aramco IPO preparations area said to stall: WSJ
Saudi Aramco and the country aren’t ready for an IPO that could raise $100 billion but also bring unprecedented scrutiny to the company, the Wall St. Journal reported. Source: FuelFix
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Could oil prices spike above $150?
Oil investors may regret urging companies to cough up cash now instead of investing in growth for later as the dearth of exploration is setting the stage for an unprecedented crude price spike, according to...
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