Archives for November 2019
Marathon Oil profits slip by 35 percent as production rises
Marathon Oil posted a $165 million profit for the third quarter that dipped 35 percent from a year ago. Source: FuelFix
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EOG Resources profits fall by nearly 50 percent
EOG Resources reported $615 million in quarterly profits on Wednesday that fell by nearly 50 percent from $1.2 billion a year ago in large part from lower oil and gas prices. Source: FuelFix
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Crude inventories surge by nearly 8 million barrels
The nation’s stockpiles of commercial crude oil spiked by nearly 8 million barrels last week, overwhelming any reductions in gasoline and other refined products. Source: FuelFix
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Senate weighs overhaul of air pollution law
Senate Republicans are pressing ahead on legislation loosening regulations around when industrial facilities need to upgrade their air pollution controls. Source: FuelFix
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U.S. shale slowing quickly, will plateau in 2021: Report
U.S. shale oil growth is slowing quickly and will effectively plateau in 2021 after years of accelerated activity, according to a new report from the IHS Markit research firm. Source: FuelFix
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