Archives for September 2019
Oil loses much of its gains after report that Saudis are recovering output
Crude oil prices plunged Tuesday morning – losing nearly half of their Monday gains – following a report that Saudi Arabia is on track to recover its crude output faster than expected. Source: FuelFix
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Saudis face lengthy oil halt with few options to fill gap
The oil market is facing a prolonged disruption to Saudi Arabia’s oil production with few options for replacing such huge output losses. Source: FuelFix
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Oil’s dramatic advance pauses as market awaits Saudi clarity
Oil markets are grappling with uncertainty over how long it will take Saudi Arabia to restore output after the devastating attacks that knocked out 5% of global crude supply. Source: FuelFix
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Baker Hughes to change name, stock ticker symbol
Houston oilfield service company Baker Hughes is dropping “a GE Company” from its name and changing its stock ticker symbol. Source: FuelFix
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Schlumberger, Chevron and Microsoft launch artificial intelligence platform for oil field
Chevron, Schlumberger and Microsoft have launched a cloud-based artificial intelligence platform to improve a digital services in the oil field. Source: FuelFix
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