Archives for October 2018
IEA urges OPEC to open the taps as oil market enters 'red zone'
The International Energy Agency made a direct appeal to OPEC and other major oil producers to boost output, warning that high prices are inflicting damage on the global economy. Source: FuelFix
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Trump heading to Iowa, dangling ethanol announcement
Anticipation is building around President Donald Trump’s visit to Iowa on Tuesday. After months of hinting that he would lift restrictions limiting the sales of E-15 – a type of gasoline with a higher concentration...
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Oil rises as storm halts output while IEA warns of supply crunch
Crude rose as storm Michael strengthened and shut some U.S. oil output, while the International Energy Agency called on producers to pump more as the market is “entering the red zone.” Source: FuelFix
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S&P: U.S. oil exports expected to hit nearly 4 million barrels a day by 2020
U.S. crude oil exports are expected to hit nearly 4 million barrels a day by 2020. Source: FuelFix
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Offshore drillers combining in $2.4 billion deal
Two offshore drilling companies are combining in a deal valued at $2.4 billion. Source: FuelFix
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