Archives for August 2018
Oil near two-week high as U.S., Mexico near trade deal
Oil traded near the highest closing level in more than two weeks on estimates that U.S. crude inventories fell and as the prospect of a new U.S.-Mexico trade pact spurred wider financial-market optimism. Source: FuelFix
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Big oil's exit turns into revival for Norway's aging North Sea
Two of offshore fields, Draugen and Valhall, are in the hands of smaller, local companies, and they’re now expected to keep producing well into the 2040s. Source: FuelFix
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Trump announces trade deal with Mexico
The United States and Mexico have reached a preliminary agreement to overhaul the North American Free Trade Agreement, President Donald Trump announced at the White House Monday. Source: FuelFix
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Gasoline prices fall, but increases possible ahead of Labor Day
Average gasoline prices in Houston fell nearly two cents a gallon over the past week, but drivers should expect an increase heading into the last big weekend of the summer driving season. Source: FuelFix
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Oil above $68 as U.S. rigs drop at fastest pace since 2016
Oil held above $68 a barrel on slowing American drilling and investor optimism after a breakthrough in a trade standoff between the U.S. and Mexico. Source: FuelFix
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