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Ultra Petroleum Corp. Proactively Enters into Amended Credit Facility to Remove Maintenance Covenants, Suspends Drilling Program, Substantially Increase Free Cash Flow Generation and Announces a Fall Borrowing Base Redetermination of $1.175 Billion and Commitment Amount to the Credit Facility of $200 Million

3 hours ago DieselGasoil Comments Off on Ultra Petroleum Corp. Proactively Enters into Amended Credit Facility to Remove Maintenance Covenants, Suspends Drilling Program, Substantially Increase Free Cash Flow Generation and Announces a Fall Borrowing Base Redetermination of $1.175 Billion and Commitment Amount to the Credit Facility of $200 Million
ENGLEWOOD, Colo., Sept. 16, 2019 (GLOBE NEWSWIRE) — Ultra Petroleum Corp. (“Ultra Petroleum” or the “Company”) (OTCQX: UPLC) announces that it has received unanimous approval from the lenders for its revolving credit facility (the “Credit Facility”) and entered into an amendment that, among other items, removes the financial maintenance covenants from the Credit Facility. This Read More

Americas VLCC rates jump over 17% on increased activity after Saudi attacks

4 hours ago DieselGasoil Comments Off on Americas VLCC rates jump over 17% on increased activity after Saudi attacks
Houston — Americas VLCC freight increased more than 17% on US Gulf Coast-loading markets Monday following the attacks on Saudi oil production infrastructure, as bullish owners took advantage of tightened availability in the Americas and a volley of freshly opened cargoes and pushed freight to match strengthened global VLCC sentiment. Not registered? Receive daily email Read More

Trump says looks like Iran was behind Saudi oil attacks

4 hours ago DieselGasoil Comments Off on Trump says looks like Iran was behind Saudi oil attacks
WASHINGTON/DUBAI (Reuters) – U.S. President Donald Trump on Monday said it looked like Iran was behind attacks on oil plants in Saudi Arabia at the weekend that raised fears of a fresh Middle East conflict, but added that he did not want war with anyone. Iran has rejected U.S. charges it was to blame for Read More

Par Pacific Holdings Reports Third Quarter 2019 Operational and Financial Updates

6 hours ago DieselGasoil Comments Off on Par Pacific Holdings Reports Third Quarter 2019 Operational and Financial Updates
HOUSTON, Sept. 16, 2019 (GLOBE NEWSWIRE) — Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced the completion of several projects at its Hawaii refining operations as well as the grant of small refinery exemptions for the 2018 compliance year. Hawaii Refining Operations UpdateAs previously announced, Par Pacific’s Hawaii refining operations had significant planned activity Read More

Evidence points to Iran involvement in attack, says Saudi alliance, as oil prices soar

6 hours ago DieselGasoil Comments Off on Evidence points to Iran involvement in attack, says Saudi alliance, as oil prices soar
DUBAI (Reuters) – An attack on Saudi Arabia that triggered the biggest jump in oil prices in almost 30 years was carried out with Iranian weapons, a Saudi-led coalition said on Monday, as President Donald Trump said the United States was “locked and loaded” to hit back. The Iran-aligned Houthi group that controls Yemen’s capital Read More

Who can boost crude supply to offset attack on Saudi Arabia?

7 hours ago DieselGasoil Comments Off on Who can boost crude supply to offset attack on Saudi Arabia?
By Julian Lee on 9/16/2019 LONDON (Bloomberg) – Here is a list of countries that could boost crude production to offset losses from Saudi Arabia in the event that the disruption to supplies from the attacks on its Abqaiq and Khurais processing facilities lasts longer than initially expected. It’s not a long list and much Read More

Oil rallies after attack on Saudi facilities, stocks slip

7 hours ago DieselGasoil Comments Off on Oil rallies after attack on Saudi facilities, stocks slip
NEW YORK (Reuters) – Oil prices jumped on Monday after attacks on crude facilities in Saudi Arabia sliced the kingdom’s production in half and sparked worries over the impact of an oil shock on economic growth, halting a positive run in world stock markets as investors reached for less-risky assets. Increased demand for safe-haven U.S. Read More

Evidence points to Iranian hand in oil attack, says Saudi alliance, as prices soar

8 hours ago DieselGasoil Comments Off on Evidence points to Iranian hand in oil attack, says Saudi alliance, as prices soar
DUBAI (Reuters) – An attack on Saudi Arabia that triggered the biggest jump in oil prices in almost 30 years was carried out with Iranian weapons, a Saudi-led coalition said on Monday, as President Donald Trump said the United States was “locked and loaded” to hit back. The Iran-aligned Houthi group that controls Yemen’s capital Read More

Evidence points to Iran weapons used in Saudi strike, says alliance, as oil jumps

9 hours ago DieselGasoil Comments Off on Evidence points to Iran weapons used in Saudi strike, says alliance, as oil jumps
DUBAI (Reuters) – An attack on Saudi Arabia that triggered the biggest jump in oil prices in almost 30 years was carried out with Iranian weapons, a Saudi-led coalition said on Monday, as President Donald Trump said Washington was “locked and loaded” to hit back. The Iran-aligned Houthi group that controls Yemen’s capital claimed responsibility Read More

Wall Street set to open lower after Saudi attacks; energy stocks surge

13 hours ago DieselGasoil Comments Off on Wall Street set to open lower after Saudi attacks; energy stocks surge
(Reuters) – Wall Street was set to open lower on Monday as the weekend attack on Saudi Arabian oil facilities knocked out 5% of the world’s supply, sparking concerns over global economic growth and heightening tensions in the Middle East. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Read More