Archives for October 2018
Iranian oil exports fall to 1.6 million barrels a day
Iranian crude exports are falling as countries begin to get in line with U.S. sanctions, according to the U.S. Energy Information Administration. In September Iran exported 1.6 million barrels per day, down from 2.7 million...
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Occidental surprises investors again with Qatar lease loss
Occidental Petroleum Corp. dropped the most in over a year after deciding to hand over an oil field in Qatar to the government, an announcement that appeared to catch some investors off-guard. Source: FuelFix
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Direct Energy to buy retail energy company
Direct Energy, a retail electric provider owned by the British company Centrica, announced plans to buy the retail electricity business of one of its competitors, Sugar Land-based and Australian-owned Source Power & Gas. Source: FuelFix
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Gas prices slide in Houston
Gasoline prices in Houston and across the country fell last week alongside crude oil prices but could rebound as the disappearance of a Washington Post journalist fuels tension between the U.S. and Saudi Arabia. Source:...
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Nine Energy buying Magnum Oil Tools for nearly $500M
Houston-based Nine Energy Service said Monday it is buying Magnum Oil Tools for nearly $500 million in a continuation of its growth spree. Source: FuelFix
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