Archives for May 2019
Marathon Oil profits plunge by half
Houston’s Marathon Oil reported a $174 million net profit for the first quarter that fell about 50 percent from the first three months of 2018. Source: FuelFix
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Chevron closes $350M deal to buy Pasadena refinery
Chevron U.S.A. can officially call itself a Texas oil refiner now.Chevron officially closed a $350 million deal to buy the Pasadena refinery owned by a subsidiary of the state oil company Petrobas. Source: FuelFix
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Crude stockpiles swell by 10 million barrels
The nation’s stockpiles of commercial crude oil spiked by 9.9 million barrels last week as U.S. oil production continues to tick upward. Source: FuelFix
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Chevron Phillips subsidiary launches chemical recycling joint venture
A subsidiary of Chevron Phillips Chemical has launched a new joint venture aimed at taking chemically-based plastic recycling processes to a bigger commercial scale. The Woodlands-based Americas Styrenics, part owned by Chevron Phillips Chemical and...
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Oil retreats as U.S. stockpile jump counters global supply fears
Oil retreated amid signs of a sharp increase in U.S. crude inventories and concerns over the strength of economic growth in China. Source: FuelFix
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