Archives for August 2018
Oil rebounds as financial markets steady after Turkey turmoil
Oil rebounded as financial markets stabilized after the initial panic over Turkey’s economic meltdown eased. Source: FuelFix
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Mega oil and gas projects are back
Investors are about to find out whether the world’s largest oil companies have learned their lesson from $80 billion of cost blowouts in major projects during the era of $100 crude. Source: FuelFix
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U.S. crude exports to China falling despite tariffs exception
New Chinese tariffs are set to impact a wide array of U.S. exports from Houston focused on refined products and plastics, but for now crude oil and liquefied natural gas exports are exempted. Source: FuelFix
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U.S. refineries process record amounts of crude
U.S. refineries hit a record level of consumption in July, surpassing 18 million barrels a day for the first time. Source: FuelFix
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OPEC boosted output in July
OPEC crude production rose in July, despite sliding output in Libya, Iran and Saudi Arabia. Source: FuelFix
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