Archives for October 2018
Wind, solar and electric vehicles will dominate by 2035, study says
The world runs on oil and gas now, but it won’t for long, according to a study by the research firm Wood Mackenzie that estimates a global shift from fossil fuels to renewables by 2035....
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Oil trades near a month low after U.S. crude stockpiles surge
Oil traded near the lowest level in a month after a bigger-than-expected gain in American stockpiles overshadowed tensions between the U.S. and Saudi Arabia over a missing critic of the kingdom. Source: FuelFix
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Permian drillers selling new, lighter crude oil grade
Oil producers in the Permian Basin have started selling a new stream of light crude, said people familiar with the matter, securing a market for the increasingly less dense oil being pumped from the largest...
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Kinder Morgan reports quarterly gain after Trans Mountain sale
Houston pipeline giant Kinder Morgan more than doubled its third quarter profit after closing the sale of its controversial Trans Mountain pipeline for about $3.5 billion in August. Source: FuelFix
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Oil prices fall as crude inventories rise
Oil prices fell Wednesday on news that U.S. stockpiles of crude oil increased by another 6.5 million barrels last week. Source: FuelFix
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