Archives for August 2019
Qatar inks $550 million deal to buy stake in Permian Basin pipeline company
A state-owned company from Qatar inked a $550 million deal to buy a stake and expand a Midland pipeline company focused on moving crude oil in the Permain Basin of West Texas and southeastern New...
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Nation’s rig count falls again as energy sector slows
Oil prices held down by fears of oversupply in the global market and less enthusiasm by investors for exploration and production companies has restrained drilling activity. Source: FuelFix
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IEA says oil outlook ‘fragile’ after weakest patch since 2008
The outlook for global oil demand is “fragile” amid growing signs of an economic slowdown, which squeezed consumption growth during the first five months of this year to the weakest in a decade, the International...
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Oil set for weekly loss as traders weigh trade war, Saudi output
Oil is poised for a second weekly loss as investors weigh the deteriorating U.S.-China trade dispute against the latest steps from Saudi Arabia to stabilize the market. Source: FuelFix
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Texas power prices will drop this year, government says
Wholesale electricity prices will be lower this year nationwide than they were in 2018, reflecting milder weather and lower natural gas prices. The biggest drop, according to the Department of Energy, will be in Texas....
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