The rumored rival bid from ExxonMobil Corp. to Oil Search Ltd.’s takeover offer for fellow Papua New Guinea player InterOil Corp. has been confirmed. Source: News
MARKET WATCH: NYMEX, Brent crude oil prices rise on China statistics
The US light, sweet crude oil price for the August contract settled at just under $46/bbl on the New York market July 15, rising modestly on better-than-expected Chinese economic statistics, which boosted expectations for China’s oil demand. But a rising US rig count helped cap the gains for July 15 oil prices. Source: News
18 Jul 2016 10:01:40 EDT – The latest stock information is now available for your stocks
XOM Last 94.8861 Change –0.2339 % Change 0.25% Volume 1,070,828 As of: 18 Jul 2016 10:01:40 EDT View: Stock Quote | News CVX Last 106.49 Change –0.54 % Change 0.5% Volume 441,931 As of: 18 Jul 2016 10:01:40 EDT View: Stock Quote | News COP Last 42.56 Change –0.38 % […]
Petro Rabigh's refinery due new units
Rabigh Refining & Petrochemical Co. (Petro Rabigh), a joint venture of Saudi Aramco and Sumitomo Chemical Co., has let a contract to KT-Kinetics Technology SPA, a unit of Maire Tecnimont SPA, to complete a clean fuels project at Petro Rabigh’s 400,000-b/d refinery and chemicals complex in the port city of Rabigh on the Red Sea. […]
McKinsey: Cars, petrochemicals headed for oil-market 'tug of war'
Demand for liquid hydrocarbons will become a "tug of war between growth in the petrochemical sector and declining demand from passenger cars," predict analysts at McKinsey & Co. in a report suggesting oil demand might peak in 2030. Source: News
Redefining 'normal'
Relief from crude oil prices below $30/bbl is welcome-but not the beginning of a return to normalcy. Events surrounding the crash from which prices now struggle to recover are redefining "normal" for the oil and gas industry. Source: News
Houston and $50 oil
In the far-flung oil and gas industry, all those roads that eventually lead to Houston are getting bumpy. Source: News
US renewable fuel program straining soap manufacturers
One of many problems with governmental manipulation of markets is that governments seldom anticipate ancillary consequences accurately if at all. Source: News
Williamson made chairman of Southcross Holdings’ general partner
Bruce A. Williamson has been appointed executive chairman of Southcross Holdings GP LLC, the general partner of Southcross Holdings LP. Source: News
15 Jul 2016 16:00:00 EDT – The latest stock information is now available for your stocks
XOM Last 95.12 Change +0.17 % Change 0.18% Volume 10,329,545 As of: 15 Jul 2016 16:00:00 EDT View: Stock Quote | News CVX Last 107.03 Change +0.33 % Change 0.31% Volume 6,163,645 As of: 15 Jul 2016 16:00:00 EDT View: Stock Quote | News COP Last 42.94 Change –0.08 % […]