News
LyondellBasell posts $952 million profit on stronger European margins
Houston-based petrochemical giant LyondellBasell reported a $952 million profit in the third quarter, about a 20 percent decline from the same time last year. LyondellBasell saw its profits buoyed by improved performance in Europe, while its net...
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KBR reports $63 million loss as strategic focus shifts
Houston-based KBR reported what its CEO called a disappointing $63 million loss for the third quarter — dragged down by a business it’s exiting. KBR President and Chief Executive Officer Stuart Bradie attributed the financial...
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Houston, national gas averages nudge downward as OPEC talks continue
Houston’s average retail gasoline price per gallon stood at $2.01 on Sunday, according to gas price analysis website GasBuddy.com. That figure is only 0.7 cents lower than one week ago, and the trend of somewhat...
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Market Currents: Global oil exports scream higher this Halloween
Happy Halloween! Crude is definitely spooked today, running scared as non-OPEC countries met over the weekend to discuss potential production cuts – but were unable to commit to anything concrete (sounds awfully familiar). Further encouraged...
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Nabors signs joint-venture pact with Saudi Aramco
Nabors Industries has signed an operating agreement with Saudi Aramco in what the companies are calling an example of the Saudi government’s push for economic diversification. Nabors and Saudi Aramco will equally own, manage and...
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