Archives for February 2019
Weatherford slides deeper into the red with $2.8 billion loss in 2018
Struggling oil field service company Weatherford International closed 2018 with a $2.8 billion loss, sliding deeper into the red as it moves into what will become its fifth year of losses. Source: FuelFix
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Exxon's profit, revenues climbed in 2018
Despite the plunge in oil prices at the end of last year, Exxon Mobil polished off 2018 with profits jumping 5.5 percent from the previous year. Source: FuelFix
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Oil holds below $54 as China factory data reignites growth worry
Oil held below $54 a barrel in New York as weak Chinese manufacturing data and persistent uncertainty over U.S.-China trade talks stoked concerns that slowing growth could hurt demand. Source: FuelFix
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