Archives for October 2018
IEA cuts oil demand forecasts but sees prices staying high
The International Energy Agency cut forecasts for oil demand this year and next because of growing threats to global economic growth, yet warned that dwindling spare oil supplies will keep prices high. Source: FuelFix
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100 million barrels: The world hit a daily oil and liquids record
The world is pumping out more oil and other petroleum liquids than ever before. Source: FuelFix
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Oil under pressure as investors steer clear of risk assets
Crude traded at the lowest level in more than two weeks as a risk-off sentiment spread through global markets. Source: FuelFix
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Another crude inventories spike triggers price drop
U.S. stockpiles of crude oil rose by another 6 million barrels last week, triggering another dip in oil prices. Source: FuelFix
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Houstonians pay more for household energy in August, September
Houstonians paid more for household energy in August and September, reflecting higher costs for electricity but tempered by lower utility gas prices. Source: FuelFix
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