Archives for January 2019
Clear Creek Midstream launches with $300 million of private equity
The newly formed Houston pipeline and storage terminal company Clear Creek Midstream is moving forward after securing $300 million of private equity funding. Source: FuelFix
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Chevron said to buy refinery in Pasadena
Chevron Corp. agreed to buy a refinery in Pasadena, Texas, to process more of its West Texas crude, two sources familiar with the negotiations told Reuters Monday. Source: FuelFix
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How badly will U.S. sanctions hit Venezuela?
The economic hit on Venezuela from U.S. sanctions is unlikely to be as severe as projected by the Trump administration, an analyst with research firm Rystad Energy said Tuesday. Source: FuelFix
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Crude rises as U.S. imposes sanctions on Venezuelan oil industry
Oil rose above $52 a barrel as the White House announced new sanctions against Venezuela’s state oil company Monday, bringing another supply risk to the market. Source: FuelFix
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Saudis pledge deeper oil cuts in February under OPEC+ deal
Saudi Arabia expects to reduce oil output once again in February and pump for six months at levels “well below” the production limit it accepted under OPEC’s oil-cuts accord, Energy Minister Khalid Al-Falih said. Source:...
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