Archives for September 2018
Major traders are talking about $100 oil again
Major oil trading houses are predicting the return of $100 crude for the first time since 2014 as OPEC and its allies struggle to compensate for U.S. sanctions on Iran’s exports. Source: FuelFix
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FF PERMIAN TRAFFIC
For an oilman who’s worked on the Gulf Coast, near the Russian Arctic and in Royal Dutch Shell’s headquarters in The Hague, being stuck in traffic on a dusty West Texas highway is not the...
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OPEC expects U.S. shale to steal market share until late-2020s
The rise of U.S. shale oil is set to extend well into the 2020s, stealing market share from OPEC, the group said in its latest World Oil Outlook. Source: FuelFix
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Texas growth offsets rig count dip elsewhere
The number of rigs drilling for oil and gas in the U.S. fell by two last week, but continued growth in Texas kept a much larger dip from occurring. Source: FuelFix
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Oil prices higher ahead of OPEC-Russia meeting Sunday
Crude oil prices are hovering near their highest levels in more than two months ahead of a potentially contentious meeting between OPEC, Russia and other oil-producing nations. Source: FuelFix
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