News
Report: Supply glut could force some petrochemical projects to close by mid-2020s
A glut of new supply and the threat of a global economic downturn could put several ethylene plants at risk of closing in the next decade, an updated analysis from the energy research firm Wood...
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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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