FuelFix
Market Currents: Saudi making tough choices
Oil prices remain bid up into the weekend, as the market adopts the first part of the motto ‘buy the rumor, sell the fact’ ahead of tomorrow’s OPEC / NOPEC meeting. Ahead of the weekend’s...
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Swift Energy sells remaining Central Louisiana interests
Houston-based Swift Energy Co. will use the $8 million in net proceeds from selling its remaining interests in two Louisiana fields to loosen up credit for its South Texas plans. The company this week announced...
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Phillips 66 cuts capital spending by 25 percent
Houston-based Phillips 66 will cut its capital spending by 25 percent next year, taking a conservative approach as the energy sector pulls out of the two-year oil bust. Phillips 66 will spend $2.7 billion in...
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Finally, some good news for deepwater
The oil and gas industry likely won’t spend more on exploration next year than it did this year, according to a report released Friday by the energy research firm Wood Mackenzie. Still, thanks to lower...
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Market Currents: NOPEC hopes still alive
The mood of crude has flipped again, with optimism rising ahead of the NOPEC meeting at the weekend. Even though doubts persist, for today, oil prices push higher. Hark, here are six things to consider...
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