Archives for November 2018
Oil set for worst week since February as supply fears subside
Oil headed for the biggest weekly loss since February as the U.S. softened its crackdown on Iranian exports and American supplies surged, assuaging fears of an impending shortage. Source: FuelFix
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Exxon Mobil touts $6.2 billion profit
U.S. energy leader Exxon Mobil touted a $6.24 billion quarterly profit Friday that surged 57 percent from a year ago and 58 percent from the second quarter of this year. Source: FuelFix
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EOG Resources posts $1.2B profit, record oil production
Houston’s EOG Resources reported a $1.2 billion quarterly profit that’s well up from $100 million last year and even from the $700 million posted in the second quarter of 2018. Source: FuelFix
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Interior Department energy revenues near $9 billion
The Department of Interior disbursed nearly $9 billion in in energy revenues in fiscal year 2018, an increase of more than 25 percent over the year before. Source: FuelFix
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Iran sanctions kick in, with biggest oil disruption in years
Midnight on Sunday will mark a dividing line in the world of oil. Beyond that point, anyone unloading a tanker from Iran risks the full wrath of the U.S. government. Source: FuelFix
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