Archives for June 2018
OPEC faces a bigger problem in Washington than Trump tweets
American politicians are at it again: punching OPEC. The cartel has often been a bogeyman for U.S. politicians since the first oil crisis in 1973. Now OPEC is facing a renewed political assault in Washington,...
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Oil declines as traders assess Trump tariffs and Libya outage
Oil fell to near $65 a barrel as traders assessed escalating tensions between the world’s two biggest economies as well as an upcoming OPEC meeting that could see the group lift production. Source: FuelFix
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China expected to spare LNG imports from tariffs
China’s list of U.S. goods subject to tariffs exclude one notable commodity: liquefied natural gas. Analysts expect it will remain that way. Source: FuelFix
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Struggling Energy XXI sold for $322 million
Houston offshore driller Energy XXI Gulf Coast agreed Monday to be bought by a Dallas-based private oil company, Cox Oil, for $322 million. Source: FuelFix
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IHS: Big Oil majors need to beef up Permian spending to meet goals
The Big Oil majors led by Exxon Mobil and Chevron will need to bulk up their Permian Basin spending to meet their growth goals, triggering more consolidation and services cost hikes, according to a new...
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