Archives for 2018
Oil trades near two-week high after U.S. inventories plunge
Oil traded near the highest closing level in two weeks after U.S. crude inventories declined more than forecast. Futures in New York were little changed after capping a five-day run of gains on Wednesday. Source:...
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Saudi Aramco puts IPO on hold to focus on giant chemicals deal
Saudi Arabia has formally put the initial public offering of its giant oil company on hold while Aramco focuses on buying a strategic stake in local petrochemical group Sabic for as much as $70 billion....
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Texas Permian Basin driving "extreme" demand for frac sand
The market value for frac sand exceeds $4 billion in 2018 and will reach nearly $6 billion by 2023. It was $1.3 billion in 2016, the report said. Source: FuelFix
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U.S. crude oil inventories, imports fall
U.S. crude oil inventories fell by nearly 6 million barrels as imports dropped sharply for the week ending Aug. 17. Source: FuelFix
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Oil rises from one-week high as data show U.S. stockpile decline
Oil rose from the highest in more than a week in New York after an industry group reported a steep drop in U.S. crude stockpiles. Source: FuelFix
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