Archives for March 2018
China launches crude exchange, Asian benchmark
China launched a new crude oil exchange Monday that’s designed to set an Asian pricing index and serve as a third global benchmark outside of the U.S. and Europe. Source: FuelFix
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Apache makes North Sea discovery in UK
Houston’s Apache Corp. said Friday it made a sizable potential oil discovery in the North Sea offshore of the United Kingdom. Source: FuelFix
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Total U.S. drilling rig count inches toward 1,000
West Texas’ booming Permian Basin led another jump in the number of rigs drilling for oil as the overall rig count inches toward 1,000 for the first time in nearly three years. Source: FuelFix
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China slaps tariff on U.S. oil pipe, threatening Texas industry
Texas manufacturers who produce steel oil and gas pipelines and drill pipe could take a hit after China announced it was slapping a 15 percent tariff on steel pipe from the United States. Source: FuelFix
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Perry warns Saudi will partner with "Russia or China" on nuclear reactors if U.S. can't strike deal
Energy Secretary Rick Perry says if the United States and Saudi Arabia can’t strike a deal on the construction of nuclear reactors in the Middle Eastern kingdom the Saudis will likely strike a deal with...
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