Archives for April 2018
Cyber attack shuts Energy Transfer's pipeline data system
A cyber attack hobbled the electronic system used by a major pipeline network to communicate with its customers, though the company said there was no effect on the flow of natural gas. Source: FuelFix
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Oil futures decline as investors flee risky assets
Crude fell as a sell-off in equity markets signaled a flight from riskier investments. Source: FuelFix
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Private equity firms becoming longer-term players in the oil patch, investors say
Private equity investors say they’re holding onto footholds in the U.S. oil patch for longer periods than in previous years, attempting to more fully develop their assets amid a lack of available capital at potential...
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Chinese tariffs, including oil pipe, go into effect
Chinese tariffs on $30 billion in U.S. goods went into effect Monday, the latest move in an escalating trade fight between Beijing and Washington. The tariffs, which were initially announced two weeks ago, targeted 128 products...
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U.S. rig decline, Iranian risks support oil
Oil’s rally above $65 a barrel is being propelled by a sign that American explorers have curtailed drilling activity as well as speculation that the U.S. could reimpose sanctions on OPEC producer Iran. Source: FuelFix
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