Archives for August 2018
Diamondback paying $1.2B for Permian assets of Houston's Ajax Resources
Diamondback Energy said it will pay $1.2 billion for the assets of a Permian Basin-focused Houston startup. The cash-and-stock deal involves Midland-based Diamondback effectively buying out the private equity-based Ajax Resources, which was just formed...
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U.S. oil vanishing from China tariffs reveals American clout
The removal of U.S. crude from goods targeted by Chinese tariffs is a sign that America has become too big to ignore in the oil market. Source: FuelFix
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Trump winning over fastest growing oil market at Iran's Risk
One of Iran’s biggest oil customers is buying more U.S. crude as President Donald Trump sticks to his pledge to squeeze the Persian Gulf nation’s energy trade. Source: FuelFix
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Exxon seeks long-term deals for U.S. oil exports
Exxon Mobil Corp. is courting refiners with rare long-term U.S. crude export deals, according to people familiar with the matter, as the company expands its trading scope. Source: FuelFix
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Oil trades near 7-Week Low as U.S.-China trade war escalates
Oil traded near a seven-week low as China retaliated against the U.S. administration’s latest tariffs, heightening trade tensions between the world’s two biggest economies. Source: FuelFix
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