Archives for 2018
S&P: U.S. oil exports expected to hit nearly 4 million barrels a day by 2020
U.S. crude oil exports are expected to hit nearly 4 million barrels a day by 2020. Source: FuelFix
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Offshore drillers combining in $2.4 billion deal
Two offshore drilling companies are combining in a deal valued at $2.4 billion. Source: FuelFix
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Oil declines on hopes for U.S. waivers on Iran, Saudi assurance
Oil fell to the lowest in a week in London on renewed hopes the U.S. may soften the blow of sanctions on Iran’s crude exports, and as Saudi Arabia promised to fill any shortfall. Source:...
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Gasoline prices on the rise in Houston
Gasoline prices in Houston and across the country rose last week amid a surge in crude oil prices driven by supply concerns as the U.S. prepares to reimpose sanctions on Iran. Source: FuelFix
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Baker Hughes to pay $550 million for stake in Adnoc Drilling
Baker Hughes, the Houston-based oilfield services business, agreed to buy a 5 percent stake in Adnoc Drilling, a deal that values the unit of government-run Abu Dhabi National Oil Co. at about $11 billion. Source:...
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