Archives for August 2018
Oil steady before supply data while U.S. taps strategic reserves
Oil traded near $67 a barrel before weekly oil inventory data in the U.S., where the government is proceeding with further sales of crude from its strategic reserves. Source: FuelFix
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LyondellBasell closes A. Schulman acquisition
LyondellBasell on Tuesday finalized its acquisition of Ohio plastics maker A. Schulman for $2.25 billion, doubling the size of of its plastics compounding business as part of a multiyear growth strategy to capitalize on low-cost...
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Oil exports exceed imports for first time on Texas Gulf Coast
Oil exports exceeded imports along Texas’ Gulf Coast in April for the first time on record. Source: FuelFix
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Houston group acquires Lineal Industries pipeline construction firm
An investment group led by Houston-based Corporate Strategies Merchant Bankers has acquired Lineal Industries, a pipeline construction, installation, maintenance and integrity services contractor based in Pittsburgh. Source: FuelFix
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Iran oil minister: French oil giant Total pulls out of Iran
TEHRAN, Iran (AP) — Iran’s oil minister said on Monday that France’s oil giant Total SA has officially pulled out of Iran after cancelling its $5 billion, 20-year agreement to develop the country’s massive South...
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