Archives for February 2018
SEC charges Texas oil operators with fraud, alleging investor cash used for booze, strippers
The U.S. Securities and Exchange Commission has charged three oil and gas companies and its executives with fraudulently scheming to raise $11.7 million for drilling projects allegedly located in Kentucky and using investor money for...
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Shale surge boosted U.S. production to record high in November
U.S. oil production reached a record high in November as the shale boom puts the nation among the world’s biggest suppliers and upends global markets. Source: FuelFix
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Perry to meet with Saudis in bid to market U.S. nuclear technology
Energy Secretary Rick Perry is slated to meet with officials from Saudi Arabia in London Friday in a bid to sell them on U.S. nuclear technology, according to the Associated Press. Source: FuelFix
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Crude, gasoline inventories rise again
Crude oil and gasoline inventories continued to grow last week, according to the U.S. Department of Energy. Source: FuelFix
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Oil heads for first monthly decline in since summer
Oil is poised for its first monthly decline in half a year as January’s rally fades on growing fears over booming U.S. shale supply. Source: FuelFix
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