Archives for October 2018
Citi sees looming glut taking U.S. oil discount to 2013 lows
Citigroup Inc. has a warning for U.S. oil investors: American crude prices may tumble to the steepest discount against global benchmark Brent since 2013. Source: FuelFix
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ConocoPhillips sells East Timor stake for $350 million
ConocoPhillips said Monday it is selling its stake in East Timor’s Greater Sunrise gas field back to the government for $350 million. Source: FuelFix
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Raymond James: International rig count to hit 1,100 by 2020
A new report says the non-U.S. rig count could rebound and break 1,100 by 2020. Source: FuelFix
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Oil extends longest quarterly rally in a decade on supply risks
Oil extended gains in London after the longest quarterly rally in a decade as a slowdown in American drilling added to concern that supply losses around the world will lead to a tight market. Source:...
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Houston gas prices rise as oil markets strengthen
Gasoline prices in Houston and across the country rose last week alongside crude oil prices, and further increases are expected as the U.S. prepares to impose additional sanctions on Iran. Source: FuelFix
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