Archives for July 2018
Oil bulls back in the game as supply risks rattle market
Oil bulls are venturing back into the market as global conflict sparks concern that supply disruptions will leave buyers scrambling for barrels. Source: FuelFix
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The Permian leads another rig count hike
West Texas’ Permian Basin led another increase in the number of rigs actively drilling in the U.S. The Permian tacked on four new active rigs this week, although the nationwide total only grew by two...
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Congress looking to ease FERC backlog, raising staff salaries
A backlog in permitting new LNG terminals at the Federal Energy Regulatory Commission has drawn the attention of two Texas Congressmen. Rep. Pete Olson, R-Sugar Land, and Rep. Gene Green, D-Houston, have introduced legislation that...
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Chevron more than doubles profits to $3.4 billion
California energy giant Chevron said Friday it more than doubled its quarterly profit from last year, growing its net income up to more than $3.4 billion for the second quarter. Source: FuelFix
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Phillips 66 boosts Q2 profit with strong refining operations
Phillips 66 more than doubled its profits in the second quarter as crude oil price dynamics improved refining margins and production rates. Source: FuelFix
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