Archives for November 2018
U.S. oil and gas reserves surpass 1970 record
The United States has surpassed the 1970 record for proven oil and gas reserves, roughly doubling the amount of discovered petroleum in the ground in the past decade, the federal government said Thursday. Source: FuelFix
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Blockchain platform for crude oil traders goes live
A blockchain-based platform for crude oil traders is now live, marking the first time that the digital ledger technology is being used for real-time transactions by the industry. Source: FuelFix
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Perry calls for energy infrastructure buildout
Energy Secretary Rick Perry said Thursday the United States needed to build new energy infrastructure to meet the increasingly diverse sources of energy powering the nation. Source: FuelFix
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Oil rises above $50 on report Russia willing to join OPEC cut
Oil rose above $50 a barrel in New York, erasing an earlier loss, after a report that Russia accepts the need to cut production in conjunction with OPEC. Source: FuelFix
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Gulf Coast refiners see gasoline margins fall to negative numbers
Gulf Coast refineries are seeing gasoline margins dip as demand for motor gasoline falls and inventories of gasoline rises. Source: FuelFix
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