Archives for December 2018
Brent crude falls below $55 as Fed hike heightens demand fears
Oil briefly fell below $55 a barrel in London for the first time in a year as an U.S. Federal Reserve interest-rate hike stoked demand fears just as markets contend with excess supply. Source: FuelFix
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OPEC output is at risk from social unrest
Oil’s plunge has taken prices below the level all but one OPEC country needs to square their 2019 budgets, increasing the risk of supply disruptions from economic dislocation and social unrest. Source: FuelFix
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OPEC's sequel to blockbuster oil deal faces struggle in 2019
OPEC’s bold strategy to revive oil markets proved a surprise success last year, but the sequel they’ve unveiled for 2019 is getting a cooler reception. Source: FuelFix
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Power generators want financial incentives to build
Texas regulators are expected to take up proposals Thursday that will change the way wholesale electricity markets work in Texas, a move that could raise electricity prices for consumers and businesses as much as 13...
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Saudi Aramco’s Motiva eyes $6.6B petrochemical expansions
The Houston subsidiary of Saudi Arabia’s national oil company is considering some $6.6 billion worth investments in its Port Arthur refinery to expand into the petrochemical business. Source: FuelFix
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