Archives for November 2018
OPEC now talking about moves to support oil prices
The wind changed again in a stormy oil market as OPEC signaled it will consider a return to cutting output next year, potentially making the second production U-turn this year. Source: FuelFix
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Marathon Oil reports $254 million profit
Marathon Oil reported a $254 million net profit in the third quarter that swung up from a nearly $600 million loss during the same quarter last year. Source: FuelFix
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Inventories rise with oil at lowest price since March
The nation’s stockpile of commercial crude oil continued to rise with the country’s oil production churning out crude at record volumes and U.S. oil prices now down to their lowest levels since March. Source: FuelFix
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Heating is biggest home energy expense for U.S. households
U.S. households use the most energy heating their homes and heating their water, accounting for 62 percent of total household energy consumption, according to the Energy Department. Source: FuelFix
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Midterms shift balance in Washington for oil sector
After almost a decade of oil-friendly Republicans controlling Congress, the energy sector faced a dramatically different landscape on Capitol Hill Wednesday. Where Republicans pushed an end to the oil export ban and looser environmental regulations...
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