Archives for February 2019
Huntsman revenue up, profits down in 2018
Houston-area chemical maker Huntsman Corporation saw mixed results in the fourth quarter as its weathered the storm of weakening demand and falling crude prices, but it’s full-year revenue climbed by $1 billion. Source: FuelFix
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Oil rises from two-week low amid deal to avert U.S. shutdown
Oil rose from a two-week low as a tentative accord to prevent another U.S. government shutdown reassured investors and boosted financial markets. Source: FuelFix
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Oil's twilight? Here's one investor view on how it plays out
The global oil industry’s foundation of ever-expanding demand will probably crumble and that may hurt profits sooner than expected, according to a London fund manager. Source: FuelFix
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U.S. sanctions spark surge in Venezuelan oil half the world away
U.S. sanctions that have effectively blocked American imports of Venezuelan oil are leading to a crude-price surge thousands of miles away in China. Source: FuelFix
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California company seeks to build $1 billion refinery in Permian Basin
A California company is seeking to build a $1 billion refinery to make gasoline and diesel near the Permian Basin town of Kermit. Source: FuelFix
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