Archives for December 2018
Oil gains near $52 as OPEC cuts weighed against U.S. supply rise
Oil was boosted to near $52 a barrel by a weak U.S. dollar while investors weighed if OPEC and its allies can successfully re-balance the market. Source: FuelFix
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Phillips 66 to pour billions in new capital projects next year
Houston-based Phillips 66 plans to pour significantly more into its capital budget next year as it expands its oil pipeline network, invests its refineries and grows its petrochemical business.The energy company, along with its master...
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Weatherford warned about getting delisted from NYSE
After 30 days of its stock trading below $1 per share, oil field service giant Weatherford received a warning that it faces getting delisted from the New York Stock Exchange. Source: FuelFix
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New Mexico side of Permian leads rig count dip
The New Mexico portion of the Permian Basin led a dip in the nation’s tally of active drilling rigs this week with oil prices having plunged by nearly one-third since early October. Source: FuelFix
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FERC releases environmental impact statement for Annova LNG
The Federal Energy Regulatory Commission has released a 452-page environmental impact statement regarding Exelon’s proposed Annova LNG project at the Port of Brownsville. Source: FuelFix
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