Archives for August 2019
OPEC sees ‘somewhat bearish’ oil outlook even as market tightens
Global oil markets face a “somewhat bearish” outlook for the rest of the year amid slowing economic growth and the long-running trade war, even though supplies will be tighter than previously thought, OPEC said. Source:...
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Exxon-SABIC select long-term ethane,ethylene transportation provider
As construction of one of Texas’ biggest petrochemical plants is underway, SABIC-Exxon Mobil’s joint venture has inked another deal with a contractor and supplier who will help to bring the $10 billion project to fruition....
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U.S. threatens sanctions over Iran tanker after court ruling
The U.S. is gravely disappointed with the U.K. after a Gibraltar court allowed the release of an Iranian tanker suspected of hauling oil to Syria, and threatened sanctions against ports, banks and anyone else who...
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Oil heads for weekly gain as trade war headlines whipsaw market
Oil headed for a weekly increase as hopes that the U.S. and China could resume negotiations to resolve their trade dispute capped a week of volatile trading. Source: FuelFix
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Cheniere Energy extends contract for CEO Jack Fusco
Houston liquefied natural gas company Cheniere Energy has extended its contract for CEO Jack Fusco. Source: FuelFix
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