Category: Market Trends
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Occidental CEO wants to keep rigs running even after oil’s slump
Occidental Petroleum Corp. will look for ways to cut costs other than dropping rigs, in response to the recent slump in oil prices, according to CEO Vicki Hollub. Other U.S. shale … ›
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Winter Natural Gas Prices Slashed as Long-Range Forecasts Trend Warmer; Spot Gas Tanks
Natural gas futures prices came crashing down Friday as weather models all trended warmer for the rest of December, easing some fears about … ›
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Pennsylvania Regulators Raise Concerns About Mariner East Corrosion, Push for Action
Pennsylvania regulators want Sunoco Pipeline LP to pay a fine and address what they allege is a “statewide concern” about the … ›
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Aramco may list downstream oil assets after acquiring chemical firm SABIC, strategists say
Restructuring the Aramco listing along those lines may make it more appealing to potential investors who have voiced skepticism about Saudi … ›
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Saudi Arabia is slashing oil shipments to US, a tactic that boosts prices and may rile Trump
Saudi Arabia is loading fewer barrels on ships bound for the United States, a tactic that has boosted oil prices in the past. Sending less … ›
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Oil rises for a fourth day, buoyed by OPEC supply plans
OPEC is expected to cut supply to prevent glut. Russia says it will discuss a deal with OPEC on December 6. Japan is set to restart Iran oil … ›
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Top Performing Saudi Exporter Seeking to Restore Deal With Aramco
Saudi Industrial Export Co. ., the best performing stock in Saudi Arabia this year, has escaped recent volatility in the kingdom’s … ›
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Saudi Aramco, China’s Hengli Petchem agree 130,000 bpd oil supply deal
China’s private chemical group Hengli Petrochemical said it has entered an annual crude purchase deal with Saudi Aramco for 2019 … ›
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US chemical producers pressured by midstream constraints
The surge in production of associated and nonassociated natural gas from US shale gas and tight oil plays, combined with a wave of new … ›
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Millions in funding announced for renewable energy project in Mongolia
Project will supply clean electricity to around 260,000 people living in remote and less-developed towns in western Mongolia. Communities … ›