Archives for June 2018
OPEC supply buffer shrinks as it heeds call to pump more oil
OPEC is heeding consumers’ calls to pump more crude, but that’s only making the oil market more nervous. Source: FuelFix
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Power plant emissions fall as producers shift from coal
Natural gas overtook coal for the first time in 2016 as the nation’s largest source of electricity, a study finds. Source: FuelFix
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Oasis Petroleum selling Williston acreage for $283 million
Houston-based Oasis Petroleum said it is selling much of its Williston Basin acreage in North Dakota and Montana for $283 million as the company increasingly focuses on West Texas’ booming Permian Basin. Source: FuelFix
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Exxon, Chevron CEOs warn Trump tariffs hurting oil sector
The CEOs of the two largest U.S. oil companies said Tuesday that tariffs enacted by the Trump administration would slow growth in the U.S. oil and gas sector. Exxon Mobil CEO Darren Woods and Chevron...
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Struggling GE plans eventual split from Baker Hughes
Baker Hughes just joined the General Electric family a year ago, but financially struggling GE is now publicly stating it wants an “orderly separation” from the Houston oilfield services firm in the next two to...
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