Archives for August 2018
Houston gas prices fall as U.S. oil stockpiles rise
Gas prices in Houston fell slightly last week as crude oil prices hovered beneath $70 a barrel on news that U.S. inventories had increased. Source: FuelFix
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Race is on to build Texas’ first offshore oil export terminal
The global commodities trading firm Trafigura Group will announce Monday that it plans to build the Texas Gulf Terminals Project in the Gulf of Mexico, off of Corpus Christi, about three weeks after Enterprise Products...
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Oil rises as Saudi supply cut counters fears over trade war
Oil rose in New York after Saudi Arabia was said to have curbed production, offsetting concerns that the growing trade dispute between the U.S. and China will hurt demand. Source: FuelFix
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SEC drops climate accounting probe of Exxon Mobil
The Trump administration dropped a two-year-old accounting probe into Exxon Mobil Corp.’s valuation of its reserves and public disclosures about climate change, while inquiries by two Democratic-led states continue. Source: FuelFix
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U.S. rig count dips by four; Texas stays flat
The number of rigs actively drilling for oil and gas in the U.S. dipped by four this week, but Texas and the booming Permian Basin stayed flat. Source: FuelFix
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