Archives for December 2019
OPEC+ looks to cut 500K more barrels, but less in reality
OPEC and its allies will agree to cut an additional 500,000 barrels of crude per day in early 2020 to help balance global oil markets, but in reality the cutbacks won’t be much lower than...
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If OPEC+ announces a new cut, it may not be what it seems
Speculation is mounting that OPEC and its allies may agree to a deeper production cut at their meeting in Vienna on Thursday, but market watchers shouldn’t take any such announcement at face value. Source: FuelFix
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Oil holds gain as OPEC gathers for Vienna meeting
Oil held its biggest surge in more than two months as OPEC ministers gather in Vienna to discuss output cuts. Source: FuelFix
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New power seller from London is opening operations in Texas
Bulb, a retail electricity seller based in London, announced it will begin selling electricity in Texas in the first half of 2020. Source: FuelFix
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SemGroup stockholders approve $5 billion M&A deal with Energy Transfer
Stockholders of the Oklahoma pipeline company SemGroup voted to approve a $5 billion merger with Dallas-based pipeline giant Energy Transfer. Source: FuelFix
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