Archives for February 2019
Crude stocks rise as U.S. oil output hits 12M barrel a day record high
The federal government projects that U.S. oil production hit a new record-high of 12 million barrels a day last week as crude stockpiles continued to build. Source: FuelFix
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Chevron Phillips names potential spot for new $5.8B petrochemical project
The city of Orange is on the short list of places where Chevron Phillips Chemical Co. is considering building a massive $5 billion to $6 billion petrochemical expansion, recently released state documents show. Source: FuelFix
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Oil extends gains after muted increase in U.S. crude stockpiles
Oil extended gains from a three-month high as industry data signaled a limited increase in American crude stockpiles, and on signs that the U.S. and China are moving closer to a trade deal. Source: FuelFix
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Too big to sell? Concho now bigger than Hess and Continental
Concho Resources Inc. may have become too big to sell just months after its richest-ever acquisition. Mizuho Securities USA LLC analyst Paul Sankey asked executives on a conference call Wednesday whether the company had altered...
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Sanchez Energy delisted from New York Stock Exchange
Sanchez Energy, a Houston company ranked as the Eagle Ford Shale’s third most prolific driller, has been delisted from the New York Stock Exchange following months of financial troubles. Source: FuelFix
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