Archives for October 2018
Drowning in cash, Big Oil’s biggest challenge is how to spend it
Investors will be reading the third-quarter tea leaves to discern whether executives plan to boost dividends and buybacks, hike spending on shiny new mega projects, or perhaps even do both. Source: FuelFix
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Brent extends loss on Saudi supply pledge, likely stockpile gain
Brent crude extended losses from the lowest close in almost two months as Saudi Arabia pledged to offset any supply shortfalls and U.S. stockpiles were said to have risen. Source: FuelFix
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Opinion: Oil’s rally isn’t over yet
While rising crude and falling emerging-market currencies over the past year have led to signs of oil-shock conditions in some countries, demand is still remarkably resilient. Source: FuelFix
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"Frack Master" Chris Faulkner pleads guilty for 12-year prison sentence
The self-proclaimed “Frack Master” Chris Faulkner of Dallas-based Breitling Energy agreed to a plea deal with a 12-year prison sentence for securities fraud, money laundering and tax evasion. Source: FuelFix
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Saudi oil chief says OPEC’s in ‘Produce as much as you can’ mode
Saudi Arabia gave the strongest indication yet that it’s trying to stop oil prices from rising further, saying that OPEC and allies are in a “produce as much as you can mode” to assure customers...
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