Archives for October 2018
Oil declines on hopes for U.S. waivers on Iran, Saudi assurance
Oil fell to the lowest in a week in London on renewed hopes the U.S. may soften the blow of sanctions on Iran’s crude exports, and as Saudi Arabia promised to fill any shortfall. Source:...
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Gasoline prices on the rise in Houston
Gasoline prices in Houston and across the country rose last week amid a surge in crude oil prices driven by supply concerns as the U.S. prepares to reimpose sanctions on Iran. Source: FuelFix
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Baker Hughes to pay $550 million for stake in Adnoc Drilling
Baker Hughes, the Houston-based oilfield services business, agreed to buy a 5 percent stake in Adnoc Drilling, a deal that values the unit of government-run Abu Dhabi National Oil Co. at about $11 billion. Source:...
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China slams brakes on U.S. crude oil imports
Even though Beijing hasn’t sanctioned American oil imports yet, Chinese buyers aren’t taking any chances. Source: FuelFix
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Solar, wind helping to cut CO2 emissions, government says
Energy-related carbon dioxide emissions decreased 0.9 percent last year as the nation shifted further away from coal-fired power generation and more toward cleaner sources of electricity, including natural gas and renewable energy sources like wind...
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