Archives for August 2018
Early SPR release may reflect Trump's concern over oil prices
Analysts have also speculated about whether PTrump will announce an emergency release from the Strategic Petroleum Reserve to lower U.S. pump prices just before November’s mid-term elections. Source: FuelFix
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Canadian pension fund to buy stake in BridgeTex pipeline
Plains All American Pipeline and Magellan Midstream Partners have agreed to sell a 50 percent stake in BridgeTex Pipeline Co. to Canadian pension fund OMERS for about $1.4 billion. Source: FuelFix
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Houston pipeline and storage firm gets $200 million funding commitment
A Houston oil and gas pipeline and storage company received a $200 million equity commitment from a San Antonio investment firm. Source: FuelFix
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Houston oil and gas company makes $190 million buy in Eagle Ford
A Houston oil and gas company is adding 114,000 acres in South Texas’ Eagle Ford Shale to its operations in a $190 million cash and stock purchase. Source: FuelFix
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U.S. offers 11 million barrels of oil as Iran sanctions kick in
The sour, high-sulfur crude will hit the market in October and November, according to a notice of sale from the Energy Department. Source: FuelFix
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