From Bloomberg Saudi Arabia is said to have cut crude sales for next month to some buyers in the world’s biggest oil market, limiting sales to prized buyers as part of its pledge to curb exports and shrink a global glut. State-run Saudi Arabian Oil Co. will supply lower volumes of crude than the amount some Asian customers requested for
From Reuters U.S. crude stockpiles fell last week as refineries boosted output to the highest percentage of capacity in 12 years, the Energy Information Administration said on Wednesday, but a surprise increase in gasoline stocks capped gains in oil prices. Crude inventories fell by 6.5 million barrels in the week to Aug. 4, compared with expectations for a decrease of
From the Greeley Tribune Weld County commissioners on Tuesday hosted the first of several public meetings that could change the way the county regulates oil and gas. Weld County plans to host a series of working group meetings to address potential changes to oil and gas regulations in the county. The next meeting has not yet been scheduled. The meetings
From Bloomberg/The Houston Chronicle The Atlantic hurricane season will probably end with an above-average 14 to 19 named storms that can rattle energy and agriculture markets now that it is almost certain a system-deterring Pacific El Nino won’t arrive. At least 5 to 9 will become hurricanes with 2 to 5 becoming major systems with winds of 111 miles (179
From Bloomberg/MalayMail Money managers haven’t been so optimistic about West Texas Intermediate crude since April, piling on bets that prices will rise while short-sellers step back. It helps that supplies in the US, the biggest oil consumer, have shrunk to the lowest this year. “We’ve seen 21 million barrels of US inventory declines this quarter. That’s pretty substantial,” Rob Thummel,
Finning reports Q2 2017 results; increases dividend
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