Archives for May 2018
Crude inventories decline, prices rise
Crude oil and gasoline stockpiles fell again last week, adding more support to oil prices already rising on geopolitical concerns. Source: FuelFix
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Canada willing to cover Kinder losses on pipeline expansion
Justin Trudeau’s government is prepared to take the extraordinary step of reimbursing Kinder Morgan Canada Ltd. for any financial losses if it proceeds with the expansion of an oil pipeline to the Pacific. Source: FuelFix
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Statoil name change to Equinor now official
Norwegian energy major Statoil officially changed its name Wednesday to the new Equinor. Source: FuelFix
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IEA cuts demand forecast as $70 oil takes a toll
The International Energy Agency cut forecasts for global oil demand growth in 2018 as the highest prices in three years put a brake on consumption. Source: FuelFix
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ConocoPhillips going slow in Permian, focused on Eagle Ford
Houston’s ConocoPhillips is bucking the trend of churning as much oil out of the booming Permian Basin as possible, instead focusing on less crowded areas like South Texas’ Eagle Ford shale. Source: FuelFix
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