Archives for 2019
Oil near 2-week low as supplies swell, trade talks stutter
Oil held near a two-week low on signs of swelling American crude inventories, while investors monitored developments on the U.S.-China trade war. Source: FuelFix
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Exxon’s credit rating outlook lowered by Moody’s on cash burn
Exxon Mobil Corp. had the outlook on its top-notch debt rating lowered by Moody’s Investors Service Inc. to negative due to a “substantial” cash burn to fund growth. Source: FuelFix
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Aramco sees nearly enough early orders to pull off IPO
Saudi Aramco’s bankers are seeing sufficient early demand to pull off the state oil giant’s initial public offering just three days after launching the deal, people with knowledge of the matter said. Source: FuelFix
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ConocoPhillips sets capital spending at less than $7B a year through 2029
ConocoPhillips said Tuesday it aims to keep its capital spending at an average of less than $7 billion per year, including selling a 25 percent stake in its large Alaska business in order to keep costs...
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Baker Hughes enters three-way deal to boost AI in the oil field
Houston oilfield service company Baker Hughes has entered into a three-way agreement and partnership to boost the adoption of artificial intelligence technology in the oil and natural gas industry. Source: FuelFix
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