Archives for January 2019
Enterprise Products Partners closes 2018 with $4.1 billion profit amid record shipments
Houston pipeline and export terminal operator Enterprise Products Partners LP finished 2018 with a $4.2 billion profit after breaking a series of records for moving crude oil, natural gas and natural gas liquids. Source: FuelFix
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Baker Hughes closes 2018 with $195 million profit
Despite a dramatic drop in crude oil prices during the fourth quarter, Houston oil field service company Baker Hughes closed 2018 with a $195 million profit. Source: FuelFix
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Oil set for biggest January gain on record on OPEC+ cuts, fed
Oil is headed for its biggest January gain in at least 36 years as data showed the OPEC+ coalition’s output cuts starting to kick in, while a more dovish Federal Reserve boosted markets and improved...
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U.S. crude oil inventory build much lower than expected, supporting oil prices
U.S. crude oil inventories increased last week, but by a much smaller amount than expected by oil and gas industry group analysts. Source: FuelFix
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