Calumet Specialty Products Partners, L.P. Announces Settlement of its Exchange Offer and Consent Solicitation
August 5, 2020
INDIANAPOLIS , Aug. 5, 2020 /PRNewswire/ — Calumet Specialty Products Partners, L.P. (“C…
US crude exports fell in June, China top buyer – India second, and Canada rounds out 3rd
August 5, 2020
Argus Houston, 5 August (Argus) — US crude exports in June fell for the fourth straight month as efforts to combat the Covid-19 pandemic slashed global demand. China was the top buyer. Total US crude exports averaged 2.75mn b/d in June, down from 2.93mn b/d in May, according to trade data released today by the US Census Bureau. The June
BP CEO says dividend cut ‘deeply rooted in strategy’ as energy giant ramps up renewable investment
August 5, 2020
CNBC The CEO of oil and gas giant BP told CNBC on Wednesday that its decision to “reset” its dividend to 5.25 cents a share was “deeply rooted in strategy.” The newly announced dividend represents a 50% reduction compared to the 10.50 cents per share in the first quarter of 2020 and comes as the U.K.-based firm looks to ramp up its
US crude cargo to Saudi Arabia – That’s something you don’t see everyday.
August 5, 2020
Argus Houston, 5 August (Argus) — The US has sent what appears to be its first ever crude cargo to key Opec producer Saudi Arabia, according to the US Census Bureau. A 550,000 bl cargo left the US Gulf coast in June for Saudi Arabia, according to the latest available government statistics released today. This would mark the first crude shipment
U.S. Energy Department recommends granting partial retroactive waivers to refiners: sources
August 5, 2020
Reuters NEW YORK – The U.S. Department of Energy has recommended that some of the oil refiners that applied for retroactive exemptions from the nation’s biofuel blending law be granted partial relief, two sources familiar with the matter said on Tuesday. The move could help bring those refining companies into compliance with a court ruling earlier this year that requires
Well Testing Services Market to Hit USD 9.91 Billion by 2027; Rising Demand for Accurate Determination of Well Viability to Fuel Market Growth: Fortune Business Insights(TM)
August 5, 2020
Pune, Aug. 05, 2020 (GLOBE NEWSWIRE) — The global well testing services market size is p…
Exxon to suspend company match to employee retirement plans in October: sources
August 5, 2020
Reuters HOUSTON – Exxon Mobil Corp (XOM.N) told employees it would begin suspending the employer match to retirement savings plans beginning in early October, said sources who received a message from the company on Tuesday. “Given the current business environment, the corporation is taking steps to reduce costs,” according to a copy of the message seen by Reuters. “The company
ProPetro to run more hydraulic fracturing fleets in coming months
August 5, 2020
Reuters DENVER – U.S. hydraulic fracturing firm ProPetro Holding Corp plans to run between seven to eight fleets this quarter, up from an average of four fleets in the second quarter, executives told investors on an earnings call on Wednesday. The company had averaged almost 19 fleets in the first quarter of this year, but saw a significant drop in
U.S. crude oil inventories decrease by 7.4 million barrels
August 5, 2020
Weekly Crude Oil Storage as of July 31, 2020 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 7.4 million barrels from the previous week. At 518.6 million barrels, U.S. crude oil inventories are about 16% above the five year average for this time of year, according to the EIA crude oil and petroleum
Oil prices at five-month high on big drop in U.S. crude stocks
August 5, 2020
Reuters LONDON – Oil prices rose to their highest since early March on Wednesday on a drop in U.S. crude inventories and the weak dollar, but mounting coronavirus infections weighed on the demand outlook. Brent crude was up $1.50, or 3.4%, at $45.93 a barrel by 1345 GMT, while West Texas Intermediate oil rose $1.51, or 3.6%, to $43.21 a
Syngas & Derivatives Market by Production Technology, Gasifier Type, Feedstock, Application, and Region – Global Forecast to 2025 – ResearchAndMarkets.com
August 5, 2020
The “Syngas & Derivatives Market by Production Technology, Gasifier Type, Feedstock (Coa…
Clean Harbors Announces Second-Quarter 2020 Financial Results
August 5, 2020
Reports Q2 Revenues of $710.0 Million Posts Q2 Net Income of $29.0 Million, or EPS…
