Archives for June 2019
As Oxy acquisition looms, Anadarko workers drown sorrows, update resumes
Occidental Petroleum last month agreed to buy Anadarko for $38 billion. The looming question is whether Oxy will maintain a presence in The Woodlands or move out entirely. Source: FuelFix
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Gulf Coast oil imports fall to lowest level since 1986
Oil imports to the U.S. Gulf Coast have reached the lowest level in more than three decades, as production out of shale fields like the Permian Basin continues to rise. Source: FuelFix
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AMLO's Pemex gamble gets serious warning from credit agencies
President Andres Manuel Lopez Obrador’s plan to rescue the heavily indebted state oil company suffered a decisive blow Wednesday, with two ratings agencies warning he’s only hurting Mexico’s finances. Source: FuelFix
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Oil rises after slump into bear market on swelling U.S. supply
Oil gained in New York and London, in a modest recovery after sinking into a bear market on Wednesday amid ballooning U.S. crude inventories and signs that demand is faltering. Source: FuelFix
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