Archives for 2019
Occidental sells $13 billion of debt to fund Anadarko purchase
Occidental Petroleum Corp. sold $13 billion of debt to help finance its acquisition of Anadarko Petroleum Corp. after receiving over $75 billion in orders for the deal at the peak, according to people familiar with...
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Brent crude steadies after entering bear market on trade war
Brent crude steadied after falling into a bear market as concern the U.S.-China trade war will continue to sap demand outweighed an industry report showing American crude stockpiles are still shrinking. Source: FuelFix
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Coal-fired power plants going way of dinosaur
Coal-fired power plants are being replaced by more efficient and cheaper sources of power, mostly because of an abundance of low-priced natural gas. Source: FuelFix
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Permian players Diamondback, Pioneer, Parsley increase production, tighten spending
Some of the top oil producers in the booming Permian Basin reported mixed financial results as they seek to appease Wall Street with reined in spending and stronger oil and gas production volumes. Source: FuelFix
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Lower chemical prices hurt Westlake's profits
Westlake Chemical saw profits plunge by 58 percent in second quarter as lower sales prices and global economic uncertainty dinged its earnings again. Source: FuelFix
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