Archives for 2018
Occidental reports $1.9 billion profit
Houston’s Occidental Petroleum posted a $1.9 billion quarterly profit that surged from a net gain of $190 million during the third quarter of last year. Source: FuelFix
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Oil Trades Near 7-Month Low as U.S. Waivers Ease Shortage Fears
Oil held near the lowest level in seven months as concerns over a supply crunch eased after the U.S. granted waivers to eight governments to continue buying some Iranian crude. Source: FuelFix
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Will Trump enforce Iranian oil sanctions?
With U.S. oil sanctions against Iran now back in effect, the question plaguing oil traders is how much oil exactly will this take off the world market. If the Trump administration begins cracking down on...
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Oil could touch $100 if supply crunch worsens, Citi's Morse says
Oil prices are likely to be “biased to the upside” for the rest of the year as demand from refineries rises in November and December, according to Citigroup Inc. Source: FuelFix
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Iraq gets exemption from U.S. sanctions on Iran's energy exports
Iraq will continue to have access to the energy it needs from Iran to generate and supply electricity, Brian Hook, the special representative for Iran at the U.S. State Department, said Monday on a media...
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