Archives for August 2018
Energy Transfer consolidating its $25 billion MLP
The Dallas-based Energy Transfer pipeline empire said it plans to consolidate its family of businesses into fewer entities as part of a “simplification” strategy. Source: FuelFix
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Westlake Chemical reports higher Q2 profit on strong product demand
Westlake Chemical Corp. reported stronger profits and record revenues in the second quarter, citing higher profit margins, increased product demand and a lower corporate income tax rate in the U.S. Source: FuelFix
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Oil trades near $68 as inventory, OPEC output weigh on market
Oil traded near $68 a barrel after sliding for two consecutive sessions as rising U.S. inventories and higher output from OPEC and Russia weighed on the market. Futures in New York were little changed, following...
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Russia rolls back most of oil cuts as supply risks worsen
Russia boosted oil production to levels not seen since it joined OPEC in a coordinated output cut, helping the group offset supply disruptions elsewhere. Source: FuelFix
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Shale reality check hits as oil results underwhelm investors
Shale drillers gave investors a reality check after a strong start to the year, with Anadarko Petroleum Corp., Chesapeake Energy Corp., Devon Energy Corp. and Concho Resources Inc. all falling after disappointing earnings reports. Source:...
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