Archives for November 2018
Welcome to pipelines on wheels as LNG giant turns to trucks
Gas is in such hot demand in China right now it’s allowing a quirky market to flourish: transporting the fuel on trucks. Call them pipelines on wheels. Source: FuelFix
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It's the Iranian oil guessing game. And the bears are winning
Oil skeptics have been proved right in downplaying sanctions against Iran. Hedge funds reduced bets on rising West Texas Intermediate crude prices for an eighth straight week, the longest streak of reductions on record, even...
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Texas loses 4 rigs; U.S. loses 1
Texas lost four drilling rigs last week to end with 533 active drilling rigs while the U.S. lost one. Source: FuelFix
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Magellan may try to build own VLCC-capable Texas terminal
Magellan Midstream Partners may try to build its own crude oil export terminal capable of loading some of the world’s largest tankers on the same island where a similar project is moving forward. Source: FuelFix
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Chevron's $4 billion profit doubles last year's result
California energy giant Chevron reported a $4 billion quarterly profit that more than doubled its result last year of just less than $2 billion. Source: FuelFix
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