Category: Market Trends
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Exxon Mobil quarterly profits beat Wall Street’s expectations
Exxon Mobil beat Wall Street's expectations for quarterly profit and revenue, but reported another drop in total oil and gas production. Higher oil prices and growing crude oil … ›
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Oil prices fall as US grants Iran sanction waivers to 8 importers
Oil prices fell on Monday as the start to U.S. sanctions against Iran's fuel exports was softened by waivers that will allow some countries … ›
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Feature: Japanese petrochemical producers not ready to switch to LPG feedstock ‘yet’
Singapore — Japanese petrochemical makers might not seek LPG for cracking purpose at their production units in the short run, despite … ›
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Rising use of plastics to drive oil demand to 2050: IEA
Plastics and other petrochemical products will drive global oil demand to 2050, offsetting slower consumption of motor fuel, the … ›
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Nigeria spends $11bn on petrochemicals import annually Read more at: https://www.vanguardngr.com/2018/10/nigeria-spends-11bn-on-petrochemicals-import-annually/
Managing Director/Chief Executive Officer of Integrated Gas and Energy Services, LLC, Mr. Emmanuel Anyaeto, has disclosed that Nigeria … ›
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Saudi Arabia: Aramco’s IPO Waits to Align With SABIC, Add Value
Saudi Arabia's Minister of Energy, Industry and Mineral Resources Khalid al-Falih has attributed "some delays in Aramco's initial public … ›
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Oil jumps to a 4-year high after OPEC denies Trump and fails to raise output
Oil prices jumped more than 2 percent to a four-year high on Monday. OPEC declined to announce an immediate increase in production despite … ›
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Another major retailer just announced plans to tackle plastic pollution
Roughly 60 million plastic bags will be replaced with environmentally friendly equivalents. All of Co-op's own-brand packaging will "become … ›
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Schlumberger launches new zonal isolation technology
Schlumberger has launched the CemFIT Shield mud-sealing cement system at the Society of Petroleum Engineers Annual Technical Conference and … ›
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Tighter crude oil markets contribute to higher forecast prices
In the September 2018 update of its Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) increased the … ›