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Dallas Fed: Texas energy sector falls flat in fourth quarter
Growth in the Texas energy sector came to an abrupt halt in the fourth quarter as oil prices plummeted 40 percent from early October, according to survey data from the Dallas Fed. Source: FuelFix
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Houston's Westlake Chemical grows with $256M deal
Houston-based Westlake Chemical Corp. is expanding its footprint in Asia and Europe by buying a French chemical company NAKAN in a $265 million deal that closed Tuesday. Source: FuelFix
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Oil retreats as Chinese growth fears sour risk appetite
Oil increased in New York as worries over signs of slower economic growth in China were countered by OPEC’s production cutbacks. Source: FuelFix
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OPEC output falls most in almost two years as Saudi cuts begin
Before its agreement to cut oil supplies even started, OPEC’s production plunged by the most in almost two years last month. Source: FuelFix
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Oil tanks explode at a Noble Energy well in the Permian
There were no injuries when a series of oil tanks exploded overnight by a Noble Energy well site in West Texas’ booming Permian Basin. Source: FuelFix
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