Archives for 2018
Oil poised for biggest monthly slide since 2016 on growth fears
Oil’s set for its biggest monthly drop since 2016 as a looming slowdown in the global economy haunts the market while U.S. inventories grow and producers relay mixed signals. Source: FuelFix
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Concho Resources posts loss of in third quarter of $199M
Midland-based oil and gas driller Concho Resources posted a loss of $199 million in the third quarter as the company completed its acquisition of RSP Permian and lost more money on oil hedging. Source: FuelFix
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McDermott plans to sell storage tank, pipe businesses for more than $1B
Houston-based McDermott International said Tuesday it plans to sell its storage tank and U.S. pipe fabrication businesses for more than $1 billion next year. Source: FuelFix
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Hi-Crush profit falls in third quarter
Frac sand miner and supplier Hi-Crush Partners saw its profit fall in the third quarter compared to last year. Source: FuelFix
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LyondellBasell reports higher Q3 earnings, led by U.S. plastics segment
LyondellBasell grew its third quarter earnings, reporting profits of $1.1 billion or $2.85 per share, with its U.S. plastics segment rising 21 percent. Source: FuelFix
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