Archives for November 2018
Saudi daily oil output surpasses record 11 million barrels
Saudi Arabia is pumping more crude than at any time since its first barrel was extracted 80 years ago, responding to pressure from U.S. President Donald Trump to keep driving oil prices lower. Source: FuelFix
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Shale boom raises specter of new glut: Gulf Coast oil terminals
The race to export U.S. shale oil overseas is about to get fierce, with at least nine proposed terminals angling for a piece of a very limited pie. Within 18 months, new pipelines opening in...
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Oil slumps again to one-year low as Saudis signal record output
Oil slumped to the lowest in a year after Saudi Arabia signaled its output may have reached a record high and growing U.S. stockpiles stoked concerns over a potential supply glut. Source: FuelFix
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Global oil benchmarks extend slide on bearish technical signals
Oil prices mired in a bear market are continuing their declines as bearish technical indicators signal further pain. . Source: FuelFix
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Drilling Permits:Sanchez Energy to drill new Eagle Ford wells as stock falls below $1
Houston-based Sanchez Energy is preparing to drill 13 new wells in the Eagle Ford Shale just as its stock started trading below $1 per share and natural gas prices hit near-three-year highs. Source: FuelFix
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